Well Spent Teens: 1995 BMW M3 and 1996 BMW M3 Euro Convertible

Last week we featured a string of E36 M3s, culminating in a very low mileage but high priced, lightly modified Dakar Yellow priced at $26,000. To me, it was a strong as considering there are many other very good E36 deals in the teens that would be equally striking and potential investments down the road. So, today I’m taking a look at two other E36 models, both priced about $10,000 less than the low mileage example, that I’d jump into first:

CLICK FOR DETAILS: 1995 BMW M3 on Craigslist

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1995 BMW M3

Last week, Nate wrote up one of my favorite M3s – the 1995 M3 in Daytona Violet with Dove Grey leather Vaders. With low miles and great photographs, it was certainly an impressive sight. Also like Nate, I’ve always loved the subdued look of the E36 M3 since its launch, and the Double Spoke wheels just suit the package perfectly. But Nate’s question was poignant – is the world ready for $25,000 E36 M3s again? In the case of some ultra low mile examples or Lightweights, perhaps it is. But for a normal M3 with moderate miles, the asking price seemed pretty steep even given the condition. Only a week later, then, I submit to you the Budget Barney; a little over triple the miles of the last example but the same color combination in overall very good condition, and importantly available for only about a third of the previous example’s asking price:

CLICK FOR DETAILS: 1995 BMW M3 on eBay

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1995 BMW M3

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The E36 M3 was an admirable performer in every guise, even with the disappointingly detuned inline-6s we received here in the US. The 240hp that both the S50 and S52 produced was decent, but knowing that just a few thousand miles separated us from 80 more horsepower was like a kick to the groin during a warm embrace. Alas, it is what it is, and I prefer to think of the E36 as the fun, quick, and outstanding handler that it was, rather than the over-popularized or under-powered car that its detractors make it out to be.

Low-mileage examples have been on the rise recently as they become the minority amongst a sea of abused or neglected examples. Today’s Daytona Violet coupe is certainly a looker – BMW’s violet colors are uniquely subtle and gender-neutral – and I’ve always loved the M Double Spokes. Sub-50k mile E36 M3s have always been a tasty proposition, but not too long ago they’d bump the price up to $15k from $10k. Sure, M-cars from the pre-X5M era are receiving a bit of nostalgic love these days, but does a 43k-mile S50’d coupe really demand $25k already?

Click for details: 1995 BMW M3 Coupe on eBay

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Third Time’s the Charm? 1993 BMW M5 Euro-spec – REVISIT

One of the more interesting E34 M5s we’ve seen has once again popped up on eBay. This is the third time this lovely Japanese market, European-spec M5 has graced these pages. With a little under 116,000 miles on the clock, the car sold in the teens, traveled across the country to Wisconsin, and then reappeared on eBay with only a few more miles in January, 2014. After a few relistings, it finally sold for only an indicated $12,500. Well, now it has returned back across the country with what appears to be a thorough detailing and some much better photographs than the first two times. Still, this is the third different seller in a very short period of time, making me wonder why no one is keeping it. The new seller has raised the price substantially to nearly $22,000. Compared to what that amount buys you in other makes and other cars, I really don’t feel like the asking price is incredibly outrageous – except that you could have had it for half that amount 10 months ago and detailed it yourself. What do you think?

-Carter

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1993 BMW M5 Euro – REVISIT

We saw this stellar looking Daytona Violet European-spec M5 here in the U.S. last September. We loved the 3.8 motor, rare color and M-cloth interior – items not found on U.S. versions in general. Interestingly the car has moved to Wisconsin and has re-appeared on Ebay from a new seller with a new description, now at $15,990 “Buy It Now”. It’s about on par with good examples of the E34 chassis in terms of pricing, but this car has an interesting history; it makes me wonder why the new owner is flipping it so quickly and having added only a few miles. Second time’s the charm?

-Carter

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