Thursday, September 11, 2014

20k: Box Flare Rebellion: 1988 BMW M3 E30

 The E30 M3 market has been strong in the past few years, but with the notable exception of a few..how shall we say...celebrity owned examples, the basic E30 M3 is still affordable for many.  You just need to be careful where you buy it (don't buy one at an auction in an air conditioned tent surrounded by a bunch of penny loafer wearing d-bags for instance...unless the a/c is busted and it is late on Sunday afternoon...then you might get a deal) and be willing to look at examples with high miles and a few dings.  Like this 1988 BMW M3 currently bidding for $20,000 (reserve-met!) on eBay with 1 day to go, located in Sanford, FL.


Affordable for most folks is perhaps a bit optimistic, because not everyone has $30k to drop on a weekend toy.  On the other hand, if you plan on using the M3 for a daily driver, a high mile example for the low $20k starts to make sense.  That price should not drop much in the next few years as you pile on the miles.  Maintenance costs will be higher than new Civic, but the lack of depreciation will be nice. Classic sports cars have been a great hedge against inflation for the past few years, but it is anyone's guess if that trend will change. 


Making a racket under the hood of an E30 M3 is an engine surprisingly short on cylinders...a DOHC inline 4, the S14B23 that puts out 192 horsepower and 200 ft-lbs of torque.  The engine is down on power (and refinement) compared to later M3 motors - but for some reason, models equipped with this 7000 rpm screamer are worth gold these days. 


The interior of this one looks in used but not over abused condition.  Light colored interiors never stand well against the elements and this one is no exception.  For a driver though, this will be perfectly fine and you won't need to leave your friends at the side of a road for leaving a few nose hairs in your cup holders.


What if you don't want to spend that much cash on a car that is slower in the 1/4 mile than just about any V6 powered family sedan today, but you still want clean E30 looks?


Perhaps you should consider this 1989 BMW 3-Series with S52 M3 Swap currently offered for $12,000 or make-offer with a few hours to go on eBay, located in Gainesville, FL.  This S52 swapped E30 spans the gap in price between a basic $5k 325i and a $20k M3...but will blow the doors off either one.


Power in this E30 comes from a S52 inline-6 from a '99 Z3 M-roadster.  Power is rated at 240 horsepower and 240 ft-lbs of torque.  The 5-speed manual is also from the same donor car, but this seller goes a few steps further than the standard swap with a beefy 3.25 LSD from a E34 535i, and a complete 5-lug swap from an E36.


It is your money, what do you pick?  Comments below.  Send in your tips! tips@dailyturismo.com

3 comments:

  1. Everyone likes to rant about the 911 bubble but what about the E30 M3 bubble? The prices are crazy.
    In defense of the E30 M is it was homologated, pretty rare, hand built, and has many unique features.

    For the price thought give me the swap!

    ReplyDelete
  2. Fleetwood T. BroughamSeptember 11, 2014 at 7:44 AM

    Agree, Sean. I owned an e30 M3 for several years and loved it. I'm a Bimmer fanatic and get and appreciate what it is, but even given all that, for me it's a fantastic $12-15k car, and an absolutely underwhelming $30k+ car. The current prices are being based on the legend rather than the reality.

    ReplyDelete
  3. Digging the dual exhaust on that swap.

    ReplyDelete

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