BMW M3 Forum
BMW M3 Forum BMW M3 Gallery BMW M3 Reviews BMW M3 Social Groups BMW M3 Chat M3Forum Sponsors >>
Loading


Mobile M3forum
Go Back   BMW M3 Forum.com (E30 M3 | E36 M3 | E46 M3 | E92 M3 | F80/X) > BMW M3 Discussions > E36 M3 (1992-1999)
Tire Rack Buy Winter Tires Now!
Not a member? Register Now!
Register Gallery All Albums Garage Search Today's Posts Mark Forums Read Calendar FAQ

E36 M3 (1992-1999) {Euro - S50 B32 321hp @ 7400 rpm} {U.S. - S52 B32 240 hp @ 6000 rpm}
Total Produced: 71,212 - Years Produced: 1992 to 1999


Reply
 
Thread Tools Display Modes
Old Tue, Mar-07-2017, 04:11:57 PM   #1
jhamer123
Registered User
 
Join Date: Mar 2017
Posts: 4
Reputation: 0 jhamer123 is on a distinguished road

United States




Question E36 M3 as first car??

This is my first post but I've been browsing the forum nonstop for the past 3-4 days.

I've been in love with the e36 M3 for a while. I've recently been looking into buying a late 90's, specifically 97 and 99, and would love some advice on whether or not I should. I'm 16 with a steady job even through the school year, making 250-300 easy in a weekend. Also during the summer, I will make 6-7,000 comfortably. I've found a '97 M3 with 125,000 miles. It recently got a new clutch, flywheel, BC coil overs, new spark plugs, valve cover, new brakes rotors all around, new lower control arms, new in tire rod, new subframe bushing and more. The ask is $7,500. Based on what I know that seems reasonable. There is no other car I'd like to drive more than an M3.

Many people have told me that buying an M3 is just setting me up for spending thousands on repairs and possibly ruining me financially. I am a very responsible driver and wouldn't be an idiot on the road. I may occasionally track it with my father. Mostly to deal with the want to race on the roads.

Any advice is much appreciated! Thanks!

-James
Jump to top jhamer123 is offline   Reply With Quote
Sponsored Links
Register now and remove these ads
Old Tue, Mar-07-2017, 04:30:46 PM   #2
RightYouAreKen
Registered User
 
Join Date: Mar 2014
Posts: 265
In the garage:
Reputation: 0 RightYouAreKen is on a distinguished road
Location: Seattle, WA

United States




Default Re: E36 M3 as first car??

My personal opinion is you might be better off getting an E36 non-M for a third the price. The Ms, while not terribly fast by today's standards, have a lot of torque down low for a new driver. A non-M will let you expore the limits a bit more easily/safely I think.

Also, it's a car you're going to be learning to work on, and there's less to loose if you mess something up with the non-M. The way the value on M cars is going, it would be a shame for you to "learn the hard way" on something that might be worth a lot. Also, consider insurance for the car. I'm not sure whether the value in the eyes of insurers are keeping up with the market.

That said, if your heart is set on the M, that sounds like a decent deal. The cars are pretty easy to work on.
__________________
Nathan
1998 Titanium/Dove M3/4/5
Jump to top RightYouAreKen is offline   Reply With Quote
Old Tue, Mar-07-2017, 04:43:20 PM   #3
W///
Registered User
 
W///'s Avatar
 
Join Date: May 2014
Posts: 1,705
In the garage:
Reputation: 0 W/// is on a distinguished road

Thailand




Default Re: E36 M3 as first car??

Quote:
Originally Posted by jhamer123 View Post
This is my first post but I've been browsing the forum nonstop for the past 3-4 days.

I've been in love with the e36 M3 for a while. I've recently been looking into buying a late 90's, specifically 97 and 99, and would love some advice on whether or not I should. I'm 16 with a steady job even through the school year, making 250-300 easy in a weekend. Also during the summer, I will make 6-7,000 comfortably. I've found a '97 M3 with 125,000 miles. It recently got a new clutch, flywheel, BC coil overs, new spark plugs, valve cover, new brakes rotors all around, new lower control arms, new in tire rod, new subframe bushing and more. The ask is $7,500. Based on what I know that seems reasonable. There is no other car I'd like to drive more than an M3.

Many people have told me that buying an M3 is just setting me up for spending thousands on repairs and possibly ruining me financially. I am a very responsible driver and wouldn't be an idiot on the road. I may occasionally track it with my father. Mostly to deal with the want to race on the roads.

Any advice is much appreciated! Thanks!

-James
Sounds like a pretty reasonable deal.

I'm tempted to say this probably shouldn't be your first car unless you have another mod of transportation. I bought my TV Coupe for a higher price than that, and still had to sink in a couple of thousand in to it to where it is today. And even then, it's still not done (no such thing as an empty to do list).

There's no reason for me trying to convince one way or another if this is truly what you want since we're all car guys anyway. But I think you might enjoy using that money to travel or just do other things than drop on an ageing German car.

For what it's worth, I didn't have my first car until I was 21. I grew up in Europe (plenty of public transportation) and then went to college in a small town where I can walk anywhere. Like I said, just be sure you're OK with spending a big chunk of change on these cars constantly. I know some of these break downs would have been a complete disaster for me financially when I was young.
__________________
Current: E92 M3 Sparkling Graphite/Bamboo Beige/6MT. E36 M3 Techno Violet/Dove/5MT. E85 Z4MR Alpine White/Imola Red/6MT. Build Journal
Jump to top W/// is offline   Reply With Quote
Old Tue, Mar-07-2017, 04:46:56 PM   #4
propchef
Toodle-oo Motherf**kers
 
propchef's Avatar
 
Join Date: Nov 2009
Posts: 8,298
In the garage:
Reputation: 0 propchef is on a distinguished road
Location: Geyserville

United States




Default Re: E36 M3 as first car??

__________________

Quote:
Originally Posted by AllwaysLow View Post
x2 and some Chicago style pizza
Quote:
Originally Posted by M3Dom View Post
He's suffered enough.
Jump to top propchef is online now   Reply With Quote
Old Tue, Mar-07-2017, 05:04:22 PM   #5
egebhardt
Registered User
 
egebhardt's Avatar
 
Join Date: May 2007
Age: 44
Posts: 2,414
Reputation: 0 egebhardt is on a distinguished road
Location: San Carlos, CA

United States




Default Re: E36 M3 as first car??

Quote:
Originally Posted by jhamer123 View Post
I am a very responsible driver and wouldn't be an idiot on the road. I may occasionally track it with my father. Mostly to deal with the want to race on the roads.
Ha! I was 16 once. I was either spinning the tires or dragging the rears at every chance.

If you buy one just plan on driving the thing into the ground. No one will pay a teenager much for a used German M-car with the silly mods it will inevitably acquire. At your age, don't worry about the money. There's plenty of time to make more.
__________________

98 TiSilver on Black 4dr - New 3.16.15 (1 of 122)
96 Boston on Grey 2dr - New 5.17.13 (1 of 62)
98 Estoril on Grey 4dr - Sold 9.23.13 Garrett modding it
98 Arctic on Grey 4dr - Sold 3.18.13 Brandon driving it
98 Estoril on Grey 2dr - Sold 8.6.12 Thy sold it
99 Estoril on Sand 2dr - Sold 7.31.12 Eric modding it
98 Arctic on Grey 2dr - Sold 3.10.12 Kyle driving it
96 Techno on Black 2dr-Sold 6.13.09 Ross totaled it

Last edited by egebhardt; Tue, Mar-07-2017 at 05:08:38 PM.
Jump to top egebhardt is offline   Reply With Quote
Old Tue, Mar-07-2017, 05:54:01 PM   #6
pbonsalb
Registered User
 
Join Date: Jun 2005
Posts: 3,234
Reputation: 0 pbonsalb is on a distinguished road





Default Re: E36 M3 as first car??

Seems like a fair deal. Do you know how to work on a 20 year old german car or do you have friends or family who do? Or would you be better off spending the same or more on a 10 year old asian car?
Jump to top pbonsalb is offline   Reply With Quote
Old Tue, Mar-07-2017, 06:36:53 PM   #7
Nate047
Registered User
 
Nate047's Avatar
 
Join Date: May 2016
Posts: 339
In the garage:
Reputation: 0 Nate047 is on a distinguished road

United States




Default Re: E36 M3 as first car??

Part of me says look for a non-M model, you'll save a lot on initial purchase price and also insurance, and if you like the car, you can upgrade to an M3 or another M car later on.

But the other part says just do it, you're young, **** what everyone else says. Get the car you want.
__________________
http://www.natehasslerphoto.com
Jump to top Nate047 is online now   Reply With Quote
Old Tue, Mar-07-2017, 07:07:50 PM   #8
fiveightandten
He'll save children, but not the British children...
 
fiveightandten's Avatar
 
Join Date: Sep 2006
Posts: 8,998
In the garage:
Reputation: 0 fiveightandten will become famous soon enough
Location: Connecticut

United States




Default Re: E36 M3 as first car??

Who's paying for the car? Post some pictures of it.
__________________
-Nick

1986 325es || 2003 330ci || 1998 M3/4/5
Jump to top fiveightandten is offline   Reply With Quote
Old Tue, Mar-07-2017, 07:29:23 PM   #9
mauromj
Registered User
 
Join Date: Oct 2016
Posts: 11
Reputation: 0 mauromj is on a distinguished road

United States




Default Re: E36 M3 as first car??

While I do agree with what others are saying about starting out with a non-M 3 series, I still think you should get the M assuming you can afford it. Think of it as an opportunity to get into one of these cars while they are still cheap. Hopefully you can respect the car and hang on to it for the rest of your life like I plan on doing with mine.

I just wish I had an M3 when I was 16 I'm 23 now and just now have the financial capability to pick up the cars I want.
Jump to top mauromj is offline   Reply With Quote
Old Tue, Mar-07-2017, 07:39:32 PM   #10
StJamesM
Store Bay
 
StJamesM's Avatar
 
Join Date: May 2013
Posts: 6,517
Reputation: 0 StJamesM has disabled reputation

Trinidad and Tobago




Default Re: E36 M3 as first car??

Quote:
Originally Posted by jhamer123 View Post
This is my first post but I've been browsing the forum nonstop for the past 3-4 days.

I've been in love with the e36 M3 for a while. I've recently been looking into buying a late 90's, specifically 97 and 99, and would love some advice on whether or not I should. I'm 16 with a steady job even through the school year, making 250-300 easy in a weekend. Also during the summer, I will make 6-7,000 comfortably. I've found a '97 M3 with 125,000 miles. It recently got a new clutch, flywheel, BC coil overs, new spark plugs, valve cover, new brakes rotors all around, new lower control arms, new in tire rod, new subframe bushing and more. The ask is $7,500. Based on what I know that seems reasonable. There is no other car I'd like to drive more than an M3.

Many people have told me that buying an M3 is just setting me up for spending thousands on repairs and possibly ruining me financially. I am a very responsible driver and wouldn't be an idiot on the road. I may occasionally track it with my father. Mostly to deal with the want to race on the roads.

Any advice is much appreciated! Thanks!

-James

couple questions:

1. what other cars have you driven (routinely?)

2. what makes you want an M3? Do you know what it takes to keep one on the road?

You might be under-estimating the e36M for what it is... its not super fast, but it has enough power to abuse, and is pretty lite/small..

That said, if i were you i'd get an Acura RSX for now... or an R53 JCW Mini Cooper, but those are still kinda pricey..

get something you can throw around a track and learn quick, from.. an M3 isnt quite as forgiving (or cheap)

any M-car in your price range will likely cost you more than you can afford, over time, but an RSX or JCW will be reliable, quick and fun for the occasional track-day.. if you aspire to track an M3, it means you'll likely need access to parts, which...wont be as cheap...


theres no rush
__________________
'99 e36M-5mt
'12 e92M-6mt

Akrapovic Evolution Titanium Exhaust [no Cats], GruppeM Intake, Evolve-R ECU, Eriscsson front bumper, Ericsson Amuse trunk lid, Strasse forged SM8, Bilstein B12 sportline
past
- F355GTS-6mt
- JCW CooperS

Quote:
in a perfect world i'd have a singer and a fully restored goat, period

Last edited by StJamesM; Tue, Mar-07-2017 at 07:47:03 PM.
Jump to top StJamesM is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump



All times are GMT. The time now is 09:34:25 PM.


Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
M3Forum.com and M3forum.net is in no way sponsored, endorsed or affiliated by or with BMW NA / BMW AG or any of it's subsidiaries or vendors.
BMW and M3 (E90 M3 | E92 M3 | E93 M3 | E46 M3 | E36 M3 | E30 M3) are registered trademarks of BMW AG.
M3Forum Terms of Service
Copyright 1999-2014 M3Forum.com
Discussing E36 M3 as first car?? in the E36 M3 (1992-1999) Forum - {Euro - S50 B32 321hp @ 7400 rpm} {U.S. - S52 B32 240 hp @ 6000 rpm}
Total Produced: 71,212 - Years Produced: 1992 to 1999 at BMW M3 Forum.com (E30 M3 | E36 M3 | E46 M3 | E92 M3 | F80/X)