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Conventional wisdom would have it that North America was robbed of the “real” M3; the undiluted, S50B30/B32, individual throttle body, floating rotor, continuously variable VANOS enthusiasts’ dream. Conventional wisdom, though, is wrong. Exploiting a loophole in importation laws, in 1994 BMW Canada commissioned a run of 45 exclusive European-spec E36 M3s. These were the full-fat BF91 rather than the BF93 which would come slightly later to U.S. shores. That meant the full spectrum of Euro goodies were optional on these cars, but most notably the 286 horsepower engine was the highlight. Each got a numbered plaque to commemorate fooling “The Man”, the only real changes from standard specification were the additions of daytime running lights and a third brake light to meet Canadian road laws. Sure, your E36 M3 is special, but these Canadian Edition cars are more specialerer. And this one isn’t in Canada anymore – it’s in the U.S.. Feel cheated no more, E36 fans!
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:
It’s a bit of a Euro-spec day here at GCFSB, and both of the featured cars are rare to see on this side of the pond. In the case of the earlier 420SEC, it’s rare to see them because there weren’t many produced and stateside we have the 560SEC that ran at the same time; in many respects, the smaller motor is a curiosity and a neat side note, but offers no real advantage to U.S. buyers. However, this example is very different; a Euro-spec 1994 M5. While the M5 left U.S. shores in 1993, it soldiered on for a few years in Europe with a revised and enlarged motor. Dubbed the S38B38, the new motor gained 25 horsepower but importantly 30 lb.ft of torque – it was now only 17 horsepower shy of 100 more than the U.S. spec E28 M5’s S38B35. That made up for some extra pounds that adorned the E34 chassis versus the earlier M cars and the M5 was even more of a flyer once again. A few of these 3.8 cars and motors have made their way stateside but they’re still quite rare to find. Usually, they have some neat oddities that we didn’t get here, such as this example’s Hurricane cloth interior. All in all, it makes for one tidy performance package that’s still quite discrete:
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
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
