1998
BMW M3

Starts at:
$39,700
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New 1998 BMW M3
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Available trims

See the differences side-by-side to compare trims.
  • M3 2dr Cpe Manual
    Starts at
    $39,700
    20 City / 28 Hwy
    MPG
    4
    Seat capacity
    Gas 6-Cyl
    Engine
    Rear Wheel Drive
    Drivetrain
    See all specs
  • M3SA 4dr Sdn Auto
    Starts at
    $39,700
    19 City / 28 Hwy
    MPG
    4
    Seat capacity
    Gas 6-Cyl
    Engine
    Rear Wheel Drive
    Drivetrain
    See all specs
  • M3S 4dr Sdn Manual
    Starts at
    $39,700
    20 City / 28 Hwy
    MPG
    4
    Seat capacity
    Gas 6-Cyl
    Engine
    Rear Wheel Drive
    Drivetrain
    See all specs
  • M3 2dr Convertible Manual
    Starts at
    $45,900
    20 City / 28 Hwy
    MPG
    4
    Seat capacity
    Gas 6-Cyl
    Engine
    Rear Wheel Drive
    Drivetrain
    See all specs
  • M3 2dr Convertible Auto
    Starts at
    $45,900
    19 City / 28 Hwy
    MPG
    4
    Seat capacity
    Gas 6-Cyl
    Engine
    Rear Wheel Drive
    Drivetrain
    See all specs

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Expert 1998 BMW M3 review

our expert's take
Our expert's take
By
Full article
our expert's take

While the Z3 roadster may cause your pulse to race, the M3 is arguably the best convertible in BMW’s stable.

It has the moves of a thoroughbred, blue ribbon styling and an engine that charms you more with every gearshift. The 3.2-liter, in-line 6-cylinder jewel nestled under its graceful hood has 240 horses, about 50 more than the standard 328i. With the slightest prod of the throttle you can feel every one of them straining to run free, and when you give them free rein they snap your head back and put a huge grin on your face. Even though European M3s have considerably more horsepower, this car performs almost as well because its engine has been tuned for American driving conditions, where mid-range throttle response is more important than top speed. Consequently, getting it up to speed doesn’t take constant flogging. Just step on the gas and it moves out as if it were levitating.

Aside from its engine, the high-performance M3 differs from the standard 3-series by having a firm, sports suspension, 17-inch wheels, slightly different lower-body panels, leather upholstery and a handsome three-spoke steering wheel. The differences are subtle, and only dedicated Bimmerphiles will know you’re behind the wheel of a very special model.

Out in traffic, however, other drivers will figure out that you’re in something special as you leap to 60 mph in about 6 seconds and leave them gasping in your wake. Acceleration is only one part of the M3 equation, however. The buttoned-down suspension keeps it so firmly in touch with the road that when you point its nose into a turn it scribes an arc as cleanly as if you used a compass.

Find an open road and it gallops so effortlessly that you constantly find yourself exceeding the speed limit, even with the top down.

Driving with the top down is the best way to enjoy this car, and you can go au naturel in a matter of seconds because the top is fully electric. Hold down the button on the console and it automatically unlatches, retracts and tucks itself under a hard cover. The plastic rear window seems oddly out of place in car of this price and sophistication. Many of its competitors have a glass window with built-in defogger.

Of course, the top impinges on trunk space, but there is still enough room for a couple of carry-on bags.

The top also makes the back seat smaller, and while there is space for two, my wife found the legroom to be pretty snug when she crawled in back while we took a friend on a demonstration drive. This is a space best left to youngsters, she decided after a few minutes of riding with her feet angled to one side.

In keeping with the $45,900 base price, the M3 is lavishly equipped. Our test car’s dark green metallic paint was highlighted by a muted tan leather interior that contrasted nicely with the black instrument panel. M3 badging, including a lighted M3 crest atop the gearshift lever, was subtle. Overall, the interior felt rich and sumpt uous.

The sport bucket seats rank right up there with some of the best seats I know. They have excellent under-thigh support, while the sides grip you securely, yet firmly.

Good lighting is critical in a fast car. Low-beam headlights were so-so, but flicking on the high beams was like turning on the landing lights of a jetliner.

Brakes are another area where the M3 shines. Ventilated four-wheel disc brakes wipe off speed so efficiently I often underestimated how long it would take to stop.

With the appearance of a new 3-series sedan, a new convertible is bound to be in the works at some point in the future. It will be hard to come up with one that is any more captivating than the M3, however.

Price

The base price is $45,900. Heated seats were the only option on our test car, and they brought the sticker price to $46,970, including destination charges.

Warranty

The standard warranty is for four years or 50,000 miles, and all scheduled main nance is free for three years or 36,000 miles.

Vehicles for The Star’s week-long test drives are supplied by the auto manufacturers.

Point: If there’s anything better than a handsome convertible, it is one with a muscular engine, excellent handling and tastefully executed luxury inside.

Counterpoint: The trunk is small and the plastic back window is out of place on a car in this price range.

SPECIFICATIONS:

ENGINE: 3.2-liter, 6-cyl.

TRANSMISSION: 5-speed

WHEELBASE: 106.3 inches

CURB WEIGHT: 3,491 lbs.

BASE PRICE: $45,900

PRICE AS DRIVEN: $46,970

MPG RATING: 20 city, 27 highway

1998 BMW M3 review: Our expert's take
By

While the Z3 roadster may cause your pulse to race, the M3 is arguably the best convertible in BMW’s stable.

It has the moves of a thoroughbred, blue ribbon styling and an engine that charms you more with every gearshift. The 3.2-liter, in-line 6-cylinder jewel nestled under its graceful hood has 240 horses, about 50 more than the standard 328i. With the slightest prod of the throttle you can feel every one of them straining to run free, and when you give them free rein they snap your head back and put a huge grin on your face. Even though European M3s have considerably more horsepower, this car performs almost as well because its engine has been tuned for American driving conditions, where mid-range throttle response is more important than top speed. Consequently, getting it up to speed doesn’t take constant flogging. Just step on the gas and it moves out as if it were levitating.

Aside from its engine, the high-performance M3 differs from the standard 3-series by having a firm, sports suspension, 17-inch wheels, slightly different lower-body panels, leather upholstery and a handsome three-spoke steering wheel. The differences are subtle, and only dedicated Bimmerphiles will know you’re behind the wheel of a very special model.

Out in traffic, however, other drivers will figure out that you’re in something special as you leap to 60 mph in about 6 seconds and leave them gasping in your wake. Acceleration is only one part of the M3 equation, however. The buttoned-down suspension keeps it so firmly in touch with the road that when you point its nose into a turn it scribes an arc as cleanly as if you used a compass.

Find an open road and it gallops so effortlessly that you constantly find yourself exceeding the speed limit, even with the top down.

Driving with the top down is the best way to enjoy this car, and you can go au naturel in a matter of seconds because the top is fully electric. Hold down the button on the console and it automatically unlatches, retracts and tucks itself under a hard cover. The plastic rear window seems oddly out of place in car of this price and sophistication. Many of its competitors have a glass window with built-in defogger.

Of course, the top impinges on trunk space, but there is still enough room for a couple of carry-on bags.

The top also makes the back seat smaller, and while there is space for two, my wife found the legroom to be pretty snug when she crawled in back while we took a friend on a demonstration drive. This is a space best left to youngsters, she decided after a few minutes of riding with her feet angled to one side.

In keeping with the $45,900 base price, the M3 is lavishly equipped. Our test car’s dark green metallic paint was highlighted by a muted tan leather interior that contrasted nicely with the black instrument panel. M3 badging, including a lighted M3 crest atop the gearshift lever, was subtle. Overall, the interior felt rich and sumpt uous.

The sport bucket seats rank right up there with some of the best seats I know. They have excellent under-thigh support, while the sides grip you securely, yet firmly.

Good lighting is critical in a fast car. Low-beam headlights were so-so, but flicking on the high beams was like turning on the landing lights of a jetliner.

Brakes are another area where the M3 shines. Ventilated four-wheel disc brakes wipe off speed so efficiently I often underestimated how long it would take to stop.

With the appearance of a new 3-series sedan, a new convertible is bound to be in the works at some point in the future. It will be hard to come up with one that is any more captivating than the M3, however.

Price

The base price is $45,900. Heated seats were the only option on our test car, and they brought the sticker price to $46,970, including destination charges.

Warranty

The standard warranty is for four years or 50,000 miles, and all scheduled main nance is free for three years or 36,000 miles.

Vehicles for The Star’s week-long test drives are supplied by the auto manufacturers.

Point: If there’s anything better than a handsome convertible, it is one with a muscular engine, excellent handling and tastefully executed luxury inside.

Counterpoint: The trunk is small and the plastic back window is out of place on a car in this price range.

SPECIFICATIONS:

ENGINE: 3.2-liter, 6-cyl.

TRANSMISSION: 5-speed

WHEELBASE: 106.3 inches

CURB WEIGHT: 3,491 lbs.

BASE PRICE: $45,900

PRICE AS DRIVEN: $46,970

MPG RATING: 20 city, 27 highway

Factory warranties

New car program benefits

Basic
4 years / 50,000 miles
Corrosion
6 years
Roadside Assistance
4 years / 50,000 miles

Certified Pre-Owned program benefits

Age / mileage
Certified Pre-Owned Elite with less than 15,000 miles; Certified Pre-Owned with less than 60,000 miles
Basic
1 year / unlimited miles from expiration of 4-year / 50,000-mile new car warranty
Dealer certification
196-point inspection

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Consumer reviews

4.7 / 5
Based on 10 reviews
Write a review
Comfort 3.8
Interior 4.0
Performance 4.7
Value 4.8
Exterior 4.7
Reliability 4.3

Most recent

Truly an Excellent Sports Car

This is a car I've wanted to own for years. Handling perfection with just the right amount of power and luxury. Comfortable even on long trips. Reliable when basic maintenance is taken care of. These cars are great bargains at current prices, get one before they're all gone!
  • Purchased a Used car
  • Used for Having fun
  • Does recommend this car
Comfort 4.0
Interior 5.0
Performance 5.0
Value 5.0
Exterior 5.0
Reliability 4.0
3 people out of 3 found this review helpful. Did you?
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Analog In A Digital Age

Cars, much like many other components of modern life, are showrooms for all the latest technology the modern consumer needs. In many ways this is great but at a certain point they lose their car-iness and become tools for abstracting the driver away from the driving itself. I would guess car manufacturers are responding to what the customers are asking for. But I fell in love with cars long ago not because their a tool or a means to an end. I like cars that are meant to be driven and that create a relationship between you and its interfaces. The E36 M3 is a performance car from an era where this relationship still mattered and this is part of why it lured me in in the first place. No WiFi, no Bluetooth, no color touch screen, no digital instrument cluster, no rear-view camera - mine doesn't even have a CD player. But BMW's iconic straight six engine mated to a five speed manual transmission is glorious to drive spiritedly and this is the reason I bought it. There isn't an abundance of assists getting in between you and the driving experience and correspondingly there are less electronic bits to go wrong. The E36 era of M3 is going on 20 years old - even for its youngest model - so a budget for maintenance is something to consider if this car is on your list of possibilities. There used to be chatter of a "$10k rule" on the enthusiast forums, meaning that regardless of whether you buy a $5k E36 M3 or a $8k E36 M3 you'll have to spend the difference between that and $10k to get it into reliable shape. Based on my experience that sounds about right. Problem areas are well documented on the enthusiast forums as are their solutions which make this platform alluring if you're interested in tackling DIY-level maintenance tasks yourself. The E36 M3 isn't for everyone but if you're after an unfiltered driving experience at a somewhat reasonable price it's a strong candidate. Going into it with proper expectations, ownership can be a gratifying experience.
  • Purchased a Used car
  • Used for Having fun
  • Does recommend this car
Comfort 2.0
Interior 4.0
Performance 4.0
Value 4.0
Exterior 4.0
Reliability 4.0
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FAQ

What trim levels are available for the 1998 BMW M3?

The 1998 BMW M3 is available in 3 trim levels:

  • M3 (3 styles)
  • M3s (1 style)
  • M3sA (1 style)

What is the MPG of the 1998 BMW M3?

The 1998 BMW M3 offers up to 19 MPG in city driving and 28 MPG on the highway. These figures are based on EPA mileage ratings and are for comparison purposes only. The actual mileage will vary depending on vehicle options, trim level, driving conditions, driving habits, vehicle maintenance, and other factors.

What are some similar vehicles and competitors of the 1998 BMW M3?

The 1998 BMW M3 compares to and/or competes against the following vehicles:

Is the 1998 BMW M3 reliable?

The 1998 BMW M3 has an average reliability rating of 4.3 out of 5 according to cars.com consumers. Find real-world reliability insights within consumer reviews from 1998 BMW M3 owners.

Is the 1998 BMW M3 a good Sedan?

Below are the cars.com consumers ratings for the 1998 BMW M3. 100.0% of drivers recommend this vehicle.

4.7 / 5
Based on 10 reviews
  • Comfort: 3.8
  • Interior: 4.0
  • Performance: 4.7
  • Value: 4.8
  • Exterior: 4.7
  • Reliability: 4.3

BMW M3 history

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