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Teens Well Spent 2: 1994 and 1995 BMW M3 Coupes

A few weeks ago I wrote up a lightly modified 26,000 mile Dakar Yellow M3 coupe; in that post, I said that the $25,000 asking price was out of line with the market in my opinion. Perhaps it was the mods that really threw me off, but I set out to prove my point the following week by showcasing two original M3s that I thought were better propositions in my “Teens Well Spent” post. Both cars were available in the mid-teens and both highlighted how for about $10,000 less than the asking price of the 26,000 mile example you could get a neat, original M3 still with low miles and in great condition. Well, this week I have two more to once again underscore that point – as the 26,000 mile example continues to languish on eBay with no bids and an unchanged $25,000 asking price, I have a stellar original Dakar Yellow example and a mysterious ’94 Canadian one to consider:

CLICK FOR DETAILS: 1995 BMW M3 on Craigslist

Year: 1995
Model: M3
Engine: 3.0 liter inline-6
Transmission: 5-speed manual
Mileage: 81,217 mi
Price: $16,500

Dakar yellow on Black Vaders super clean all original well maintained classic.This m3 is in stunning condition with only 81200 miles.This car has no issue at all.This is a investment grade vehicle with matching numbers,clean title 2 owners well detailed.You wont find one this nice.its a must see car for all you e36 lovers. Brand new tires and front brakes cold ac super fun car to drive.Please serious buyers only and cash deal….obo..602-670-47-86

This car is a pretty straightforward ’95 coupe – from the VIN, we learn it’s a May ’94 BF93 produced car, making it one of the earliest U.S. spec cars sold here. The Dakar Yellow and Black Nappa leather Vaders align with how the car was originally specified. Clean, all original, and lower miles, it certainly looks the part of a nice example. In spite of that, pricing is overall quite reasonable at $16,500. There weren’t many options available on the early E36 M3s; heated seats (S494A), cruise control (S540A) and power sunroof (S401A) were the only extras available and this car has all three selected. This car is a great reminder for me of the North American launch of the E36 M3 – I was at Watkins Glen in the summer of 1994 when BMW showed up with two Dakar Yellow coupes just like this one. I was pretty captivated by the shocking yellow 2-doors, and even if the E36 M3 was a bit over-produced and cliche, it’s still awesome to see a clean and original one like this – and at $9,000 less than the eBay example, it would be the one I chose first.

CLICK FOR DETAILS: 1994 BMW M3 on Kijiji

Year: 1994
Model: M3
Engine: 3.0 liter inline-6
Transmission: 5-speed manual
Mileage: 60,000 km (37,282 mi)
Price: $19,800 CAN ($16,285 US)

1994 BMW M3 coupe with only 40 000 miles manual transmission and fully loaded. white on black leather interior. Power everything including sunroof. all original except the stereo. This car was babied and never winter driven, force to sell due to economic reason. This is a very hard to find BMW M3 serious enquiry only no test pilot price s firm. You are looking for a mint M3 this is it. $19800

This car was spotted by our reader Toshihiko, and it’s a bit odd to me. It’s in Canada and listed as a 1994 model. Now, there were a reported 45 European-spec M3s imported to Canada, so it’s possible that this is one those BF91 models and would be equipped with the S50 B30 286 horsepower motor rather than the U.S. spec S50 240 horsepower motor. However, several details are a bit odd to me. First, it has M Contour wheels and what appear to be the later M3 luxury package rocker panels. Additionally, the wood trim inside and on-board computer are usually associated with later models – although apparently the 45 BF91 cars could be ordered with optional extras, so that could explain it. The spoiler and third brake light were a dealer-installed option, so that’s a possibility for originality, but it’s just a strange collection of parts to me. Because no VIN is supplied, the rest is a bit guesswork, but perhaps some E36 specialists can point out details that I’m missing. If the car is a real M3, it’s one of the lowest mileage E36s we’ve seen – with only 37,000 miles on clock, it’s not far off the highly priced Dakar Yellow example we looked at. Despite that, pricing isn’t outrageous at just above $16,000 – though depending on what exactly the car is, getting it over the border could be difficult for a few years. Ultimately, as with last week’s duo, to me both of these cars represent a better value than the highly priced 26,000 mile example that was unoriginal.

Thanks again to our reader Toshihiko for an interesting find!



  1. James Kelsall
    James Kelsall June 18, 2015

    I have #25 of the 45 euro-spec Canadian M3’s. This does not appear to be one of them. The side markers on the front quarter panels is one indication. As well, from what I can see in the pictures, the headlights look to be NA-spec plastic. That being said, the pictures are not particularly instructive – one engine shot would tell the real story.

  2. James Kelsall
    James Kelsall June 18, 2015

    That being said, Canada did not get the NA version E36 M3 until the 1997 model year. This could easily therefore be a Japanese import, which would have the side-indicators and the S50B30 engine (and glass headlights). These are common in BC.

  3. Carter
    Carter June 18, 2015

    Good info James, thanks for contributing. Interesting car for sure.

  4. cdnpaul
    cdnpaul June 18, 2015

    I find it hard to get interested in a white E36 M3. Maybe it’s that every 2nd car around seems to be white these days but I just don’t think it’s that appealing. I like the Dakar though and really love the Estoril and Techno Violet cars.

  5. Bimmerfan
    Bimmerfan June 18, 2015

    Low mile examples are out there – many of these were built but many hammered on severely, turned into track cars or poorly maintained. They are truly great cars despite the “lesser” US motor – they were the all rounder to have in the 90s. I like the white but prefer the rarer colors in any BMW – techno violet is THE period e36 m3 color.

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