As car investors and enthusiasts we’re all well aware of how prices of the original BMW M3, the E30, have surged in recent years. Rarity, pedigree, and nostalgia have all combined to dictate asking prices of £70k plus, which, when you look at it objectively, is absolutely absurd. But can we expect to see prices of later M3 models heading northwards as well? After the E30, and as we entered the nineties, the E36 M3 was introduced, and today we’re already starting to see some crazy price tags for clean examples of those. At the turn of the century BMW acquainted us with their third iteration, the E46 M3. It’s incomprehensible to think that the E46 could ever reach the heights we’re seeing from the E30, simply due to the difference in the numbers produced, but now that prices start at under £10k for the E46, would it be wise to snap one up in the hope of seeing a more modest return?
The E46 M3 was launched with a 3.2 litre straight six producing 343bhp, and achieving 0-60 in just a smidge over five seconds. The twin dual exhausts and flared wheel arches showed that the M3 meant business, but in a somewhat subtle and perhaps more refined manner than we see with some of today’s equivalents. As with all M cars, you knew you were going to be in for a treat once you got it out on the open road. The effortless acceleration and sublime handling had motoring journalists salivating, with many proclaiming it to be the ‘best M3 yet’. A bold statement, given the E30’s aforementioned prowess.
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