Hot on the heels of Craig’s Mugello Blue RS4 Cabriolet, I spotted this Mugello Red M3 that looked quite familiar. A 1994 model, it’s a full European specification 286 horsepower car, meaning it’s the E36 that you wanted but BMW decided was too expensive to import. Back in 2014 when I first looked at this car was it a reserve auction, but as of now the first bid at $12,500 will get it. The current seller has taken a gamble with the no reserve auction format, but no information provided means the buyer would also be rolling the dice if you didn’t have the earlier description we do below. With only 4,000 more miles accrued, this hotter M3 is in above average condition with below average mileage and quite desirable package overall that is very affordable.
