Since its introduction, the BMW M3 has been a car aimed at the enthusiast market and desired by many generations of collectors.
The most expensive M3s are the original E30 models built from 1988-1991. The best of these often sell for more than $100,000 and are already serious collector cars.
The next generation M3, the E36, had an extensive production run, being built from 1992 until 1999. This was the first M3 to be offered as a Coupe, a convertible and a sedan. It made the E36 a veritable Swiss Army knife of an enthusiast car with a model for everyone.
In 2000, BMW launched the car that in my opinion was the perfect M3. It offered amazing performance, think 0-60 in 4.8 seconds and a limited top speed of 155 mph, stunning styling and many modern conveniences available (such as Bluetooth) that we consider must-have options today.
The E46 also has serious racing pedigree with BMW campaigning the car in the American Le Mans series in 2000, where in finished 3rd in the standings. In 2001, BMW devised the mythic V8-powered M3 GTR. The car was a rocket ship and won race after race until Porsche called a foul and had the series rules changed for its benefit.
This was the first time BMW had really pushed racing rules to the limit, though they did comply with them. Due to the controversy, the M3 GTR was history.
The Pick of the Day is this 2001 BMW M3 coupe said to be an all-original preservation car that has only covered 34,000 miles from new. Finished in Jet Black (BMW name Schwarz-2) original paint with an optional Nappa Leather interior in black, this is exactly what you should look for in a future classic.
The M3 has been well cared for and recently received a new flywheel and clutch, UUC short throw shifter, Bilstein PSS10 coilovers, and a Supersprint stainless steel exhaust, according to the Kingston, Massachusetts, dealer advertising the BMW on ClassicCars.com.
All of these are period-type modifications that could easily be changed back to original components. The car comes with a lot of detailed service records, the seller adds, which should alleviate some concerns with buying an older BMW M car, which can be expensive to repair.
The E46 M3 is the perfect alternative to the driver who wants the performance of a Porsche 911 but needs more than 2 seats. These are amazing performance cars in their own right and have gathered more and more interest among collectors.
The asking price for this M3 is $28,000, which seems like a great deal with such low mileage.
To view this listing on ClassicCars.com, see Pick of the Day.