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1998 BMW M3 Sedan

While the E30 320is was the defacto M3 Sedan of the first generation, it was not until the E36 generation that fans finally received a full-fat four-door small M. The sedan was then skipped on the E46 generation (I can hear ZHP fans shouting that their car is a real M right now), returned for the E90 generation, and then became the only body style thereafter as BMW introduced the new 4-Series nomenclature. Since its launch in the US for the ’97 model year, the M3 Sedan has been a niche model within a niche lineup on performance cars; practical and good-looking in a way that the long-door coupe sometimes lacks proper proportion in. Indeed, to me the most recent three generations of M3 Sedans look better than their two-door counterpart. While I’m not sure I feel the same way about the E36 generation, it’s nonetheless great to see one surface in a nice color with lower mileage, as many were loved well and driven hard. This Estoril Blue Metallic example I’m looking at today sure looks the part; but I’m not sure the juice is worth the squeeze:

CLICK FOR DETAILS: 1998 BMW M3 Sedan on eBay

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2000 BMW M Coupe

The M Coupe has moved from cult legend into one of the most desirable M products produced. Late production S54 equipped models have recently topped $90,000 at auction. Add in a rare color and great condition, and they’re all the more desirable. While not quite a 1:1, the M Coupe is like the Porsche 964 and has gone from being ugly duckling to the market darling, and the S54 models are the RS America of the lineup.

For most of us, that means if you want a ‘Clownshoe’ you’ll need to look towards early production when they were equipped with the venerable S52. That’s not necessarily a bad thing, as lower running costs and higher production numbers mean much lower asking prices. Take this 2000 in Dakar Yellow, for example. First off, only 2,180 S52 M Coupes were sold here. Of them, 52 were Dakar Yellow II – so you know this one is special. But even more telling is the number when you consider slicktop models, of which this is one. Just 342 were delivered sans sunroof, and only 14 of those were Dakar. Just ten shared the black Nappa leather seen here. So this one is a very low production number car with interesting options and, in this case, fairly low mileage. What does that mean for the price?

CLICK FOR DETAILS: 2000 BMW M Coupe on eBay

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1999 BMW M3 Convertible with 3,800 Miles

It’s interesting to consider how enthusiasts today view the E36 M3. Generally speaking, you’re either a completely devoted fan who insists that the E36 is not only the best M3, but perhaps the best BMW ever made. Why stop there? Why not go straight for best car in the history of the world, ever? On the other side of the coin, detractors love to point out that the second M3 was softened up for the U.S. market, that it wasn’t as potent, as pure, as Motorsporty as the original curb-hopping, box-flared legend.

Arguably, they’re both right. It’s certainly true that BMW made the decision to tone down the M3 for North American consumption. That was a really good thing for two reasons: one, that we got it at all, and two, that it remained affordable. Consider, for a moment, that the E30 M3 had grown quite expensive to sport all of that motorsport heritage. By 1991, the base price of the M3 was $35,900. Of course, it was competing against even more expensive cars like the Porsche 944S2, which was a further $10,000 more dear. While we can talk about driving spirit all day long, if we look at the fact sheets what you got was a bit soggy in comparison to today’s cars. Inflation corrected, the M3 would be around $62,000 – pretty much spot on the entry price for today’s M3. The new car has more than double the horsepower of the original and enough tech to launch all of the Apollo program missions.

So what was really exciting when the new M3 was launched in late 1994 was that price point; $36,000. That was some $14,000 less expensive than the European model, and yet performance was within a few clicks thanks to a revised version of the 325i M50 engine. In fact, many – including notoriously BMW-savvy Car and Driver – suggested that the U.S. spec M3 was a better choice than the more exotic Euro model for our roads.

Today, the E36 M3 remains for many the smart choice within the lineup. Long overlooked as the obvious choice, prices have remained low relative to its predecessor and even its replacement. Modern comparisons often skip the E36 entirely. But that doesn’t mean all E36s are affordable:

CLICK FOR DETAILS: 1999 BMW M3 Convertible on eBay

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1997 BMW M3

Update 1/17/19: Blast from the past! After nearly four years, this Hamann-modified Technoviolet E36 M3 (originally Arctic Silver Metallic) is back on the market. It is listed as having only 400 more miles than in 2015, and the price is up from $20,000 to $24,595 today.

Out of the box, the BMW E36 M3 offered almost everything a serious motorist could want. A lusty inline-6, slick manual gearbox and beefed up body cladding to differentiate itself from the lesser models on which it was based. But there’s always customers out there who want just a bit more or prefer to tinker with their ride a bit to stand out from the crowd. This 1997 BMW M3 comes to us from our friends at Sun Valley Auto Club and is equipped with a Hamann body kit and Hamann PG3 wheels, along with Sparco seats and H&R springs. Added in to the mix is a hue of purple that will certainly grab your attention.

CLICK FOR DETAILS: 1997 BMW M3 on eBay

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Motorsports Monday: BMW Legends Collection

Let’s say you want to start a car collection, and for ease of argument’s sake, let’s say you’re really into BMWs. Which is the model you want? You could be a 507 enthusiast, love the classic 3.0 CSL or 2002, envy every E30 or lust over the modern muscle the company produces. But odds are if you’re reading these pages you, like me, gravitate towards BMW’s Motorsport models.

Within the Pantheon of classic models, there then comes the difficult decisions. How do you choose between the E30 M3 and the 1M, for example? Well, Enthusiast Auto Group has a suggestion. Why not have them both? Or, even better, why not assemble all of the greatest hits from BMW’s M division over the past 40 years and put them together into one curated, turn-key package?

CLICK FOR DETAILS: The Collection of BMW Legends at Enthusiast Auto Group

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