This ’98 M3/4/5 sold for $19,750.
So the E30 M3 is probably out of your league, and clean examples of the E46 generation are getting more expensive by the day. The solution is still the E36. The Internet will make arguments all day long about how this car isn’t as special as the ones that came before and after, but the reality is that it’s still a M3. And you could make a compelling argument that it did (and still does) a better job of bringing sports car performance to a practical package that’s affordable to almost everyone. The S52 3.2 liter inline-6 doesn’t sound as great on paper as the race-derived S14, but it had two more peak horsepower than that strung out 4 we looked at yesterday. More telling was torque; 236 lb.ft at 3,800 rpms versus the Sport Evolution’s 177 lb.ft at 4,700 rpms. Yes, it was heavier; the curb weight of the M3 Sedan you see here was about 3,200 lbs. But the additional power made up for it, and the results should be no surprise. 0-60 was dealt with over 1/2 a second quicker than the Sport, a gap that was maintained right through the quarter mile.
And practicality? It’s no contest, really. Not only is the E36 safer, but the E36 added 4-doors to the recipe. Not to mention the costs to keep one running – check out the price of a S14 rebuild today, for example. Owning a legend often doesn’t come cheap, and in this case you the current bid on this 48,000 mile 1998 M3 is cheaper than what a proper rebuild of the race motor will cost you.
Then there’s the driving experience. Downgraded ///motor be damned, these cars are absolutely stellar to drive. I’ve driven each of the first three generations of M3 on track in anger, and the second doesn’t give up much to the bookends. It’s not as toss-able as the original nor as powerful as the third, but overall it’s right there. The steering is near telepathic, the shifting precise, the power band broad. It’s a deceptively good car and deserves far better than the treatment it’s currently getting, which is to mostly be ignored in the marketplace:
Just last night, a friend informed me he had “acquired an older BMW”.
“Willingly?”, I asked. He affirmed he had contractually agreed to this life changing experience. “What model?”, I furthered.
Now, supportive friend Carter probably should have nodded in approval. After all, the Z3 is great value for the money. They’re cheap to buy, cheap to maintain, and fun to drive. But what actually came out of my mouth was laughter. Not maniacal laughter, mind you, but just the uncontrollable mocking type that you immediately feel a bit bad about. Hoping to redeem the situation a bit, I prodded “Six cylinder…?” Nope. 4. I contained further laughter at this point, but I was grasping for straws. Meekly, I ventured “…..manual….?” hoping for some affirmation. “YES!” he happily retorted, glad to finally confirm a question of mine.
It’s actually a nice car, and it’s in great shape, and he paid almost nothing for it. But from the same period, BMW had some other affordable, fun to drive and even more potent options for enthusiasts. Take, for example, the M3 Sedan. Like the Z3, it was rear drive. Like the Z3, it has a manual, and they share some achitecture. But while the Roadster has a bit of a stigma that results in enthusiasts’ dismissal, the M3/4/5 has developed into a legend in its own right. Damn the fact that it didn’t have the more exotic Euro motor, if you want a cheap and pure driver’s car while still being able to comfortably transport 4 adults, they don’t come much better than this platform:
The E36 M3 is frequently regarded as the awkward middle child between the classic E30 and the accomplished, grown-up E46. As a result, it doesn’t usually command the kind of values attached to its older and younger siblings. But I think that one day, mint examples of these cars – which are increasingly thin on the ground – will be sought after as classics. The E36’s “dolphin” bodyshape marks an important transition point in BMW’s design history, as the angular lines of the 80s would begin to give way to the rounder, softer shapes of the late 90s and early 00s. The trademark four round headlights are still there, but now set back behind glass panels, and the dual kidneys are now more gently integrated into the front nose, all for the sake of aerodynamic efficiency. The M3, available during this period as a coupe, sedan and convertible, was externally distinguishable from the standard model range only by more aggressive front and rear valances, revised side skirts, and rounder side mirrors. But under the hood was a spritely and free-revving 3.2 liter inline six powerplant. Infamously down on power in comparison with the Euro market S50, the S52 motor in the US-spec car was nonetheless good for about 240 hp and, when combined with the lithe chassis and sharp manual transmission, made for a lively and fun car to drive. The E36 M3 may not have been an out-and-out track monster like its predecessor, but it was fast (for its time), practical and easy to live with on a day-to-day basis.
There’s an entire sub-culture of automobile enthusiasts that MUST have everything wagon. And for those people, there have long been many options to choose from – expect recently. Since the 2000s, the number of wagons available to U.S. fans has dropped off a cliff so that today precious few are left. I detailed what I felt was the height of the market last year over at The Truth About Cars.
Today, enter the marketplace and there are very few options left. The staple Audi A6 and BMW 5-series wagons have left the market, as has the regular A4. Sure, today you can finally get an all-wheel drive Golf Sportwagon that was promised for so long, but outside of that, you’re left really with the Allroad, the expensive and numb (but potentially ridiculously quick) Mercedes-Benz E-Class wagon, or the BMW 3-series.
Options for the 3-series have dwindled as well as the price has increased. From rear-or-all-wheel drive a few years ago with multiple engine options, only two remain – you have a choice or gas, or diesel. The Sports Wagon has gotten pretty ridiculously expensive, too – starting at $43,000, it’s not hard to break $60,000 when you start to add options (which you’ll see below). Even more ridiculousl is the naming convention, to the point of I’m not sure what the word order is in the title of these cars anymore. Seriously, consider our first example – the “2017 BMW 330i xDrive Sports Wagon M-Sport Individual”. Or was Individual first? Or M-Sport second?
Nevertheless, these wagons remain popular among sport-minded German car freaks who need to carry more than just themselves. Today I have two interesting blue options to consider – one a special-ordered Individual in Laguna Seca that is brand spanking new, or a lightly used Estoril Blue Metallic example. Which is the one to have?
The M Coupe has really emerged as the next great thing in the BMW world, with nearly every single for sale advertisement riddled with hyperbole about how they’re the next big thing and how incredibly rare each particular color combination is. The truth is that if you’re just trying to get on to the M Coupe train, you’re a bit late to the party – but that doesn’t mean it’s not worthwhile to check out a good looking one:
Here’s an interesting one that has had me scratching my head quite a bit. What originally caught my eye was the bright Estoril Blue Metallic sitting on some refinished E46 Style 67 wheels. It was worth a second eyeball, which resulted in me noticing it was a 4-door. CLICK – I’m interested in seeing more. Once in the posting, the title became even more interesting – Racing Dynamics RD Sport? Lesser known than Alpina or Hartge, but still producers of some pretty trick products. 3.6 liter motor? 6-speed? TELL ME MORE!!!
You know what the problem with modifying a car from stock is? More than anything, it’s that you’re modifying the car to your taste, and tastes vary just like ice cream flavors. If you’re intending on keeping said car forever, perhaps that’s not a problem – turning a road car into a track car, for example. It’s also not a problem if you’re ridiculously rich and just don’t care who’s downstream of your tastes; the Koenig 560SEC comes to mind. But if your hope is long term collectability, altering the car can have disastrous effects and and seriously change both the desirability of the car and the value in the market. Yesterday’s E28 M5 is a great example; a seller posturing the car as a collector status car when it had many unoriginal details that turned it really from a collector into a good driver candidate. But, at least many of those details were easily reversible – how about today’s similar E24 M6?
If I’m brutally honest, I’m not a huge fan of most of the newer BMW designs. As my wife says, I’d be happy if Journey was still on the radio and everyone was walking around with a mullet (that’s only half true…). But that’s not it; as I was saying to her just yesterday, I just don’t get excited about most of the new designs that come out. It wasn’t always this way – I remember eagerly awaiting the next issue of the multiple car magazines I subscribed to so that I could immediately flip to the section I found most exciting – the upcoming cars feature. But that enthusiasm has waned as cars have grown more complex, isolating and expensive. Sure, they’re faster – and even basic models do everything much better than even some “supercars” from the 1980s. But I don’t look at them and get excited like I did when the S4 first launched, for example. But, a thought occurred to me – while I’m not the biggest fan of these cars, proportionate to what you used to receive they’re simply a better value and better cars. We can pontificate about the virtues of the E30 M3 to no end, but the reality is that even around a track, the bone-stock 328i all-wheel drive wagon below would give it a run for its money without much difficulty – and in every other aspect, it’s a better car. We’re really still in the midst of a horsepower revolution, but that power is translated to the ground better than before with more sophisticated transmissions and computer aids along with all-wheel drive available in most packages. But it’s not just speed – not only can these fast cars get you to the Alps, they are like the luxury resorts when you get there, with fine materials and fit and finish that are really top quality. In a word, they’re spectacular at being cars that are much more functional in multiple facets than anything previously. So, here’s a lineup of some neat newer BMWs; while I’m not the biggest fan of all the packages or designs, one thing that I do love is their blues – so here’s a round up of most of them:
Next in my continuing series of “Why buy an E30 M3 right now?” comes…a M3. What’s going on? For as bad as I’d consider the value of the E30 M3 right now, it’s hard to argue with the value of the E36 and E46 M3. Out of the box, they did everything better than the E30 did. They’re easily the track equal of the E30 and have some added luxury and refinement. One could argue that the build quality went down a bit with the E36, but find a nice example and you’ll soon forget that. Aftermarket suppliers abound, as this is the GTi of the BMW world, parts are plentiful and relatively cheap, and they look and sound great. What’s not to like? Get one in a great color with lower miles and it’s pure win:
It’s been a great week for rare-toned E46 M3s, and the Estoril Blue special order model that I wrote up last October is back up for sale. With the addition of only 330 miles since we last saw it and now for $1,000 less, the only drawback I see here is the SMG transmission and that the seller still doesn’t know the proper name for the color. For $16,500 this car certainly looks like a great deal for the right buyer!
The below post originally appeared on our site October 22, 2013: