My wife and I had a rather amusing conversation recently. “How much does a new 911 cost”, she asked. Now typically I know questions like this are leading somewhere and she’s not a huge Porsche fan, so after some inquiry she asked why examples from the 80s and 90s are trading for the price of a new car. After I likened the Porsche 911 market to the Tulip craze, she said two really funny things. First, she said “Let’s not base our economy on it!”, something that got me laughing. Then she said that if it was so popular, why were manufacturers like Porsche building new examples of their old cars? The answer, as we discussed, was that it just wouldn’t be profitable. Though limited run manufacturers such as Singer and Eagle have seen success building “new” old cars, the reality is that between making cars safe enough and economical enough to meet today’s standards, they’d be heavy and slow – necessitating even more power, which would raise the price. Take the GT86/FR-S/BRZ clones; while critics have loved their handling and prices have been kept reasonable, they’re generally referred to as “slow” cars with 200 horsepower and 2,700lbs of curb weight – nearly identical to what the 1988 Porsche Carrera was specified at.
However, there are options outside of the 911 market for a personal sports 2-door that throwback to simpler times, and I think the M Coupe was one of the best. With a gutsy inline-6 up front, rear drive and a 6-speed manual, the E86 was a classic blueprint for a sports car. But it was modern at the same time, with over 300 horsepower from the sonorous S54 M motor and a thoroughly modern design. It was also a relatively limited run vehicle, meaning they’re rare to see. Yet, despite this they’re still relatively affordable as a not-particularly-old future classic that can be driven and enjoyed – and will likely appreciate, though…there’s a caveat to this particular one: