If you haven’t been following the E46 market, it’s increasingly becoming more expensive to get into a clean M3. As the M3 has crept up, so too has the “ZHP tax” set in on the sporty brother of the M3. So are there still bargains to be had in the E46 world? Yes, there sure are.
It’s possible to find well-cared for cars that seem to shrug off their mileage much better than their predecessors, and today’s 2004 330xi is a great example of that. Although it’s got the best part of 200,000 miles on the odometer, you wouldn’t know it looking at it from any angle. And the seller has gone through some extensive maintenance to make sure you don’t have to. What you’re left with is a great looking, well-equipped all-wheel drive sedan for a budget price:
Update 7/30/18: After being listed for sale three years ago at $34,500, this BMW 700 racer is back – now listed as a 1961, oddly, and with an opening bid at $32,500. It still seems very unlikely to sell but is neat to see!
Though Germany has gained a reputation as a nation of drivers, the reality is that in both pre and post-World War II periods, the average German couldn’t afford many of the cars that are synonymous with German engineering. However, the “German Economic Miracle”, in part assisted by the Marshall Plan as an attempt to avoid the pitfalls of what had created World War II in the first place (thanks, Versailles Treaty!) put Germany at the forefront of European economies as the 1960s got rolling. It was then that we saw the growth of the German automobile industry into what we associate it with today. BMW also grew during this period, from near collapse in the 1950s to a viable – albeit small – company in the 1960s. At least part of that success is thanks to the development of the 700. Rear engine, air cooled and powered by a BMW motorcycle “twin” flat-2, the body was penned by Giovanni Michelotti – responsible for some of the most celebrated designs from Ferrari, Maserati and Triumph. However, he’s probably better known by BMW fans for developing the Neue Klasse designs including the venerable 2002. To my eye, though, the simple BMW 700 in Coupe form was the best looking of the Michelotti BMW designs:
Update 8/30/18: The asking price has dropped from the original $32,995 to $28,995 now.
While it was Audi who cut their teeth in the fast wagon market, the S6 Avants we saw the other day were the end of an era for the marque in the U.S.. Sure, the A6 3.0T Avant carried on and was just as quick, but its sales numbers dwindled as the naughts came to an end, and it was removed from the market in 2011. The A4 soldiered on, but even its offerings were slashed – first to fall was the S4 Avant, followed by the normal A4. Today, you can only get the automatic 2.0T Allroad if you want a 5-door Audi.
It was BMW who picked up the reigns of big sporty German wagons in the 2000s, with V8-equipped E39s leading towards the E61. Not to be outdone, the E46 introduced American customers to the smaller 3-series wagon for the first time (though it had been around for 2 prior generations) and that continued with the E91.
However, even though BMW offered two wagons right through 2010, they were rewarded with minuscule amounts of sales. In 2009, the company sold 1,430 3-series Sports Wagons in the U.S. – accounting for only 2% of sales of the E9x here. It was just as bad for the 5-series with 878 sold, so the company dropped it from the U.S. lineup in 2010. Frankly, it’s amazing that BMW continued to sell wagons at all here.
But they did, and you could order yourself up a neat sporty wagon. It wasn’t an M3, true, but the N52K-equipped 328i produced 230 horsepower and could be opted in rear-drive, 6-speed manual configuration with the M-Sport suspension:
Update 7/29/18: After listing in May at $875,000, the seller has dropped the price to $725,000 – still high for the model, but not as far out of line. Will it sell this time around?
I give Audi a lot of credit for bringing the R8 to market. It took a fair amount of gall for a company best known for mid-range all-wheel drive luxury sedans to up and produce a supercar-beating mid-engine road car capable of being used year-round and every day. It’s a feat nearly without precedent. Of course, I said “nearly”.
That’s because BMW pulled off a similar trick the best part of thirty years before Audi did it. And arguably the development of what would become BMW’s fledgling Motorsports division was even more impressive than what Ingolstadt pulled off. The M1 burst onto the scene at a time of economic austerity, global oil crises and came from a company who not only didn’t have a history of producing such cars, but didn’t have connections to others who did (unlike Audi’s corporate Lamborghini partnership).
Speaking of Lamborghini, because of BMW’s lack of expertise in supercar design it was the Sant’Agata firm that was employed to produce the M1. But because of Lamborghini’s lack of expertise at being…well, a company capable of producing something on a schedule, BMW engineers had to first liberate the early molds from Italy and then find someone who could produce the car. Ultimately, it was a combination of ItalDesign in Turin, Marchesi metal working in Modena to build the frames and Karosserie Baur in Stuttgart that stuck the M1 together. Though it doesn’t exactly sound like a match made in heaven, and indeed the M1 was a relative sales flop, it has nonetheless grown to cult status as one of the most user-friendly supercars of the late 1970s:
There is a Z8 that lives near me. It’s silver with a red interior and is quite striking. I don’t think its owner drives it daily, but if the weather is nice I see him just about each morning (presumably) heading to the office. Top down, lovely exhaust note burbling in the background. It’s a beautiful car with a road presence few other cars possess. That presence isn’t in the same way certain high performance machines command the road. It definitely isn’t the way a Dodge Hellcat commands the road. Actually it’s about the opposite of that. It’s grace and elegance and timelessness wrapped together. With almost 400 hp it performs pretty well too.
I’ve said before that I didn’t really like the Z8 when it debuted. I love them now.
The one we see here is not the one owned by my daily driving neighbor. Not at all. This one, a Triple Black 2001 BMW Z8 located in Connecticut, has 15 miles on it. Yes, you read that correctly, 15!
Recently I looked at both the E36/7 M Roadster and 36/8 M Coupe. Both have developed cult status, yet values vary dramatically within the short production range depending on configuration. Early S52 M Roadsters are the least expensive of the bunch, with the unique Evergreen/Evergreen example I took a peek at selling under $13,000 despite lower mileage and great condition. Compare that to the S52 Coupe, which sold at $16,100 with 260,000 miles on the clock.
So what does a late model, equipped with the more potent and more desirable S54 bring? Again, that depends on a lot of things. Let’s start with mileage – here, it’s a mere 8,600. Then color? Well, this Phoenix Yellow Metallic example is one of the most infrequently specified combinations, with only 14 produced in the 2001 model year. You can probably guess where the price is heading already…
Another M-Design! I’ve featured a string of these ultra-limited ’94 325iS models built by BMW Individual recently. Today’s VIN ends in 478, produced 40 cars after the one I looked at last June. Visually equipped with most of what would become the M3 in ’95, the M-Design is an interesting footnote in United States E36 production.
Of course, “interesting”, “obscure” and “BMW 3-Series”, when combined in the right proportions, usually equate to dollar signs in seller’s eyes. Asks on these cars often rival or exceed M3 prices. Crazy, right? Who would pay more than they would for a M3 to have less than a M3? Well, some people do. Recently a ZHP E46 coupe traded for $26,000. Scoff all you want, but clearly there is a market for the limited edition 3-series. But since some trade for high numbers, many sellers equate their 3 as priceless. Not the case today, as we get a true market indicator of where a driver-quality 325iS M-Design is valued at:
I promise that this post wasn’t by design, but rather is completely a coincidence that it follows hot on the heels of the neat supercharged E34 540i 6-speed from yesterday. How do you possibly trump that potent hot rod? Well, starting with a M5 is probably a good bet.
If the E34 was a potent athlete, the E39 comes across as a consummate professional. It was immediately the new benchmark for sports sedans once again, and when BMW finally did make the call to bring a M5 to market they produced what many consider to be the definitive driver’s car in super sedan form. Whatever you had from the period, the M5 was just plain better. With 394 horsepower kicking out of is snorting S62 V8 and mated solely to a 6-speed manual transmission, it was hard to conceive how that package could possibly be improved upon.
That didn’t dissuade Steve Dinan, though. His S2 package fixed a car that wasn’t broken according to Car and Driver. Power was up to a massive 470 yet the car was still naturally aspirated. Bigger, better intake was met with bigger, better exhaust, and the whole package was kept up with bigger, better suspension and slowed down with bigger, better brakes. It was…well, bigger and better. 0-60 was dispatched in a tick over four seconds and it would do a standing quarter-mile in 12.7 seconds. These numbers won’t scare a Dodge Demon, granted, but are still really respectable today.
Of course, if “respectable” isn’t quite enough for you and you really need to surprise that Demon driver…
The M Coupe has moved from cult legend into one of the most desirable M products produced. Late production S54 equipped models can top up to $60,000 asking prices. Add in a rare color and great combination, and they’re all the more desirable. While not quite a 1:1, the M Coupe is like the Porsche 964, and the S54 models are the RS America of the lineup.
For most of us, that means if you want a ‘Clownshoe’ you’ll need to look towards early production when they were equipped with the venerable S52. That’s not necessarily a bad thing, as lower running costs and higher production numbers mean much lower asking prices. Still, it’s not unusual to see atmospheric asks, such as this 2000 M Coupe in Estoril with Estoril leather. With only 56,000 miles on the clock, the seller wants $39,900. While it’s not likely that number will be even close to realized, good luck convincing them of that.
Yet occasionally a nice one pops up in a no reserve auction format to give us plebeians a chance to own a legend. So here we go, with this ’99. It’s the same Estoril/Estoril combination as above, which is fairly desirable – one of just 313 imported in this pallet. Condition looks very good and there are some high quality modifications, but is there a catch?
That’s what the “Z” in the roadster/coupe lineup of BMW stands for, and it’s hard not to look at the 1990 BMW Z1 and not see a futuristic Roadster. Based upon, and sold alongside, the E30 BMW, the underpinnings weren’t revolutionary, but the shape sure was. Highlighted by its resin body with guillotine doors, roughly 8,000 of these unique visions of the future were produced by BMW. So thorough was the exterior change, little connection of the E30 base can immediately be seen. Never officially imported to the United States, there are nonetheless several cruising around (by cruising around, I mean mostly being offered for sale for outrageous prices). Today’s signature Urgrün (Original Green) Z1 has only 10,500 miles since new, so is this one equally unaffordable?