What's The Cheapest E30 BMW M3 Out There?

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Why yes, I have spent hours each day ogling that giant gallery of BMW M3s we posted earlier this week. Don’t judge me. But it’s also got me wondering this: just how cheaply could one pick up an E30 M3 if they wanted?

As we close out a week with our Nice Price or Crack Pipe man Graverobber on vacation—I’m not sure what happened, I got a fax from North Korean government officials mentioning something about a ransom demand and a Nissan Pulsar Sportbak—we’ll have to find our own way to have some used car fun.

The E30 M3 isn’t quite at the insane pricing levels of old air-cooled 911s, but it’s close. Very close. In the same realm, for sure. But there are still some cheap ones out there. What’s the cheapest one we can find on Craigslist, AutoTrader or some other sale site?

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The cheapest one I could find on Cars.com was this yellow (a repaint) 1989 example at $37,000. But it’s pretty nice, hardly some beater car. Surely there is a far less expensive example out there for someone willing to put in the work.

Can you find a cheap E30 M3?