The 1998 BMW M3, part of the E36 generation (1992-1999), is a celebrated performance sedan and coupe. Known for its thrilling driving dynamics and potent inline-six engine, it solidified BMW's reputation for building driver's cars. Key trims include the standard M3. New pricing ranged from approximately $37,000 to $45,000, making it a premium performance option. Its popularity stems from a near-perfect balance of everyday usability and track-ready capability.
The Good
The 1998 BMW M3 excels with its exhilarating performance, sharp handling, and refined interior. It offers a comfortable ride for daily driving, a timeless design, and a sense of occasion for enthusiasts. Its robust engineering contributes to long-term satisfaction, appealing to both the heart and the head.
The Bad
Potential buyers of the 1998 BMW M3 should be aware of cooling system issues, particularly radiator leaks and water pump failures. Subframe mounting points can crack under stress, and VANOS system problems can affect performance. Interior wear, especially on seats, is also common.
1998 BMW M3: Quick Overview
- Engine Options: The 1998 BMW M3 primarily featured a 3.2-liter S52 inline-six engine.
- Horsepower: The S52 engine produced approximately 240 horsepower.
- Torque: Peak torque was around 236 lb-ft.
- Fuel Economy: Expect EPA estimated fuel economy in the range of 17 mpg city / 25 mpg highway.
- 0-60 Times: Acceleration from 0 to 60 mph typically ranged from 5.8 to 6.1 seconds, depending on transmission and driving conditions.
- Towing Capacity: The 1998 BMW M3 was not designed for towing, and no towing capacity is officially listed.
- Transmission: Available with a 5-speed manual transmission (ZF Type C) or a 5-speed Steptronic automatic transmission.
- Drivetrain: Rear-wheel drive (RWD).
- Brakes: Ventilated disc brakes all around, with larger discs on the M3 compared to standard E36 models.
- Suspension: M-specific sport suspension tuning for enhanced handling, including firmer springs and dampers, thicker anti-roll bars, and specific bushings.
- Exterior Features: M Aerodynamic body kit (unique front and rear bumpers, side skirts), M Sport mirrors, specific M alloy wheels (typically 17-inch), clear front turn signals.
- Interior Features: M Sport seats (often with more bolstering and adjustable thigh support), M sport steering wheel (three-spoke), M shift knob, M door sill plates, onboard computer, cruise control, power windows, power locks, power mirrors, automatic climate control (often standard), premium sound system.
- Limited Slip Differential (LSD): Standard on M3 models, providing enhanced traction during spirited driving and cornering.
- Color Options: Common exterior colors included Alpine White III, Hellrot (Red), Avus Blue, Estoril Blue, and Technoviolet.
1998 BMW M3 Specifications
Vehicle Information
| Year | 1998 |
| Make | BMW |
| Model | M3 |
| Trim | - |
| Style | Coupe |
| Type | Coupe |
| Category | Subcompact Car |
Manufacturing Details
| Made In | Germany |
| Manufacturing City | REGENSBURG |
Dimensions
| Doors | 2-Door |
| Curb Weight | 3241 pounds |
| Gross Vehicle Weight Rating | - |
| Overall Height | 52.60 inches |
| Overall Length | 174.50 inches |
| Overall Width | 67.30 inches |
| Wheelbase Length | 106.30 inches |
| Standard Seating | 5 |
Engine & Performance
| Engine | 3.2-L V-6 DOHC 24V |
| Engine Size | 3.2L |
| Engine Cylinders | 6 |
| Transmission | 5-Speed Manual |
| Transmission Type | Manual |
| Transmission Speeds | 5-Speed |
| Drivetrain | Rear-Wheel Drive |
Additional Features
| Anti-Brake System | 4-Wheel ABS |
| Steering Type | Rack & Pinion |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | $39,700 |
| Invoice Price | $34,880 |
| Delivery Charges | - |
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What Problems Does the 1998 BMW M3 Have?
The 1998 BMW M3, while generally robust, has a few commonly reported issues that owners should be aware of. One of the most prevalent concerns is related to the cooling system. Radiators can develop leaks over time, and water pumps are known to fail, often leading to overheating if not addressed promptly. This is a crucial maintenance item for E36 M3s. Another significant potential problem area is the rear subframe mounting points. Due to the stresses of spirited driving, the sheet metal where the subframe attaches to the chassis can crack. This is a serious structural issue that requires professional repair, often involving reinforcement plates. Early detection is key, so regular inspections of this area are highly recommended. The VANOS (Variable Valve Timing) system on the S52 engine can also develop issues, typically presenting as a loss of low-end torque, rough idling, or hesitation. While not always a catastrophic failure, a malfunctioning VANOS unit can diminish the engine's performance. Interior wear is also common in vehicles of this age. Seats, particularly the driver's side bolster, can show significant signs of fatigue and tearing. Headliners can sag, and plastic trim pieces may become brittle. Electrical gremlins, while less common than mechanical issues, can occasionally surface, such as malfunctioning window regulators or instrument cluster problems. Regarding recalls, specific to the 1998 model year or E36 M3s in general, there haven't been widespread, catastrophic recalls that define the model's long-term reliability. However, like any vehicle of this age, it's essential to check for any outstanding recalls through BMW's official channels. Overall, long-term reliability is highly dependent on the vehicle's maintenance history. Cars that have been diligently maintained with regular fluid changes, proper cooling system care, and attention to potential weak points can be very reliable. Neglected examples are more prone to expensive repairs.
How long will the 1998 BMW M3 last?
Based on owner data and maintenance habits, a 1998 BMW M3 can reasonably be expected to offer 200,000 to 250,000 miles of service, with some well-maintained examples exceeding 300,000 miles. The long-term durability of the S52 engine is exceptional, provided it receives regular oil changes and coolant system maintenance. However, weaknesses like the subframe mounting points and the cooling system require vigilant attention over time. Transmission and clutch life can vary significantly based on driving style. With consistent and proactive maintenance, addressing potential issues before they become major, the M3 demonstrates remarkable longevity, retaining its performance and appeal for decades.
What Technology & Safety Features are Included?
The 1998 BMW M3, while a performance-focused vehicle, offered a respectable suite of technology and safety features for its era, though it predates the sophisticated driver-assistance systems common today.
Standard Technology and Entertainment:
Optional Features:
Driver-Assistance Features:
Driver-assistance features in the 1998 M3 were rudimentary by today's standards. The primary assistance was the inherent feedback and control offered by the car's chassis and steering. There were no electronic aids like lane keeping assist, adaptive cruise control, or automatic emergency braking.
Safety Features:
Crash-Test Ratings:
Crash-test data for vehicles from this era is less comprehensive than current standards. However, the BMW 3 Series platform (E36) generally performed well in frontal and side-impact tests conducted by organizations like the IIHS and NHTSA for its time. While specific ratings for the 1998 M3 might be elusive, the underlying E36 chassis was considered a safe structure. The car's rear-wheel-drive configuration and balanced weight distribution also contributed to its predictable handling, which is a form of active safety.
Standard Technology and Entertainment:
- Infotainment: Standard equipment typically included a premium audio system with CD player and AM/FM radio. BMW's early attempts at integrated infotainment were functional but basic by modern standards.
- Climate Control: Automatic climate control was often standard, providing consistent cabin temperature.
- Onboard Computer: An onboard computer was usually included, displaying information such as average speed, average fuel consumption, and range.
- Cruise Control: Standard cruise control for highway comfort.
- Power Accessories: Power windows, power locks, and power-adjustable mirrors were standard.
Optional Features:
- Sunroof: A power sunroof was a popular option.
- Leather Upholstery: While sport seats were standard, full leather upholstery was often an option or part of specific packages.
- Heated Seats: Heated front seats were available for enhanced comfort in colder climates.
- Premium Sound System Upgrade: Some models might have had optional upgrades to the sound system for better audio quality.
Driver-Assistance Features:
Driver-assistance features in the 1998 M3 were rudimentary by today's standards. The primary assistance was the inherent feedback and control offered by the car's chassis and steering. There were no electronic aids like lane keeping assist, adaptive cruise control, or automatic emergency braking.
Safety Features:
- Airbags: Dual front airbags were standard. Some models might have had optional side airbags.
- Anti-lock Braking System (ABS): Standard ABS provided enhanced braking control during emergency stops.
- Traction Control: While not always referred to as advanced traction control, the M3's robust chassis and the standard limited-slip differential offered significant grip management.
- Seatbelts: Three-point seatbelts were standard.
Crash-Test Ratings:
Crash-test data for vehicles from this era is less comprehensive than current standards. However, the BMW 3 Series platform (E36) generally performed well in frontal and side-impact tests conducted by organizations like the IIHS and NHTSA for its time. While specific ratings for the 1998 M3 might be elusive, the underlying E36 chassis was considered a safe structure. The car's rear-wheel-drive configuration and balanced weight distribution also contributed to its predictable handling, which is a form of active safety.
What Colors Options are Available?
We’re working on this section!
In the meantime, feel free to explore the other sections for more content.
In the meantime, feel free to explore the other sections for more content.
1998 BMW M3 Prices and Market Value
When new, the 1998 BMW M3 typically retailed between $37,000 and $45,000, depending on body style (sedan/coupe) and optional equipment. As a performance icon, the M3 has defied typical depreciation curves. While many cars from this era have depreciated significantly, well-maintained 1998 M3s, especially manual transmission coupes in desirable colors, now command prices ranging from $10,000 to $25,000 or more for exceptional examples. Factors affecting resale value include mileage, maintenance history (especially proof of cooling system and subframe maintenance), originality, transmission type (manuals are highly preferred), and overall condition. Limited production numbers and its status as a future classic contribute to its strong retained value.
1998 BMW M3 Cost of Ownership
Owning a 1998 BMW M3 is generally considered moderately to highly costly. Insurance can be higher than for a standard 3 Series due to its performance nature. Fuel economy is decent for a performance car but not economical, averaging around 20-22 mpg combined. Maintenance and repairs are where costs can escalate. Parts, especially M-specific components, can be expensive, and specialized BMW mechanics are recommended, adding to labor costs. Regular upkeep of the cooling system and potential subframe reinforcements are critical to avoid significant expenses. It is not an economical vehicle to own but offers a rewarding experience for enthusiasts willing to invest.
1998 BMW M3 Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
16.40 gallons
City Mileage
20 miles/gallon
Highway Mileage
28 miles/gallon
1998 BMW M3 Safety Rating
NHTSA
IIHS
1998 BMW M3 Warranty
Basic
Original warranty
0 months / No data
Estimated remaining
Expired
Powertrain
Original warranty
0 months / No data
Estimated remaining
Expired
Rust
Original warranty
0 months / No data
Estimated remaining
Expired
1998 BMW M3 Insurance
Insurance for a 1998 BMW M3 is moderately priced, reflecting its status as a Coupe with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 1998 BMW M3 Compare to Other Coupe?
The 1998 BMW M3 competed in a hotly contested segment of affordable performance cars. Its primary rivals included the Audi S4 (B5), Mercedes-Benz C36 AMG, and certain high-performance Japanese coupes like the Nissan 300ZX or Toyota Supra.
Performance: The M3's inline-six engine offered a superb balance of power and refinement, with razor-sharp handling thanks to its near-perfect weight distribution and M-tuned suspension. The Audi S4 (B5) offered AWD grip and a powerful twin-turbo V6, often feeling more potent in a straight line but less agile. The C36 AMG was more of a muscle car with a potent inline-six, but generally less engaging dynamically than the M3. Japanese rivals like the Supra and 300ZX often had more raw power and advanced turbocharged technology but could be more complex and less practical.
Features: The M3 provided a well-appointed interior with sport seats and a driver-focused cockpit. While good for its time, rivals like the Audi S4 often boasted more advanced technology and creature comforts. The Mercedes C36 AMG offered a more luxurious, albeit less sporty, interior feel. The Japanese cars could offer more advanced tech but often at a higher initial purchase price.
Reliability: The E36 M3 is known for good overall mechanical reliability, with its inline-six engine being a strong point. However, specific cooling system and subframe issues require attention. The Audi S4 (B5) is notorious for electrical gremlins and complex twin-turbo system issues, often making it less reliable than the M3. Mercedes AMG models tend to be robust but expensive to repair. The Japanese rivals, particularly the Supra and 300ZX, are generally very reliable if maintained, but their complexity can lead to costly issues.
Price: At launch, the M3 was competitively priced within the premium performance segment. Today, used M3s offer exceptional value, especially compared to the often higher prices of comparable S4s or AMG models. Japanese performance cars from this era, especially well-preserved Supras, are significantly more expensive.
Alternatives:
Ultimately, the 1998 BMW M3 remains a benchmark for its blend of performance, handling, usability, and relative affordability in the used market.
Performance: The M3's inline-six engine offered a superb balance of power and refinement, with razor-sharp handling thanks to its near-perfect weight distribution and M-tuned suspension. The Audi S4 (B5) offered AWD grip and a powerful twin-turbo V6, often feeling more potent in a straight line but less agile. The C36 AMG was more of a muscle car with a potent inline-six, but generally less engaging dynamically than the M3. Japanese rivals like the Supra and 300ZX often had more raw power and advanced turbocharged technology but could be more complex and less practical.
Features: The M3 provided a well-appointed interior with sport seats and a driver-focused cockpit. While good for its time, rivals like the Audi S4 often boasted more advanced technology and creature comforts. The Mercedes C36 AMG offered a more luxurious, albeit less sporty, interior feel. The Japanese cars could offer more advanced tech but often at a higher initial purchase price.
Reliability: The E36 M3 is known for good overall mechanical reliability, with its inline-six engine being a strong point. However, specific cooling system and subframe issues require attention. The Audi S4 (B5) is notorious for electrical gremlins and complex twin-turbo system issues, often making it less reliable than the M3. Mercedes AMG models tend to be robust but expensive to repair. The Japanese rivals, particularly the Supra and 300ZX, are generally very reliable if maintained, but their complexity can lead to costly issues.
Price: At launch, the M3 was competitively priced within the premium performance segment. Today, used M3s offer exceptional value, especially compared to the often higher prices of comparable S4s or AMG models. Japanese performance cars from this era, especially well-preserved Supras, are significantly more expensive.
Alternatives:
- Similar: The Audi S4 (B5) offers a different flavor of performance with its AWD and turbocharged V6, but often at the cost of reliability and a less engaging driving feel.
- Better (Depending on Priorities): For pure track performance and engagement, a well-sorted Porsche 944 S2/968 or early 911 (993) might be considered, though at a much higher price point. For outright straight-line speed and a more modern feel, a late 90s/early 2000s Mustang Cobra could be an option, though with less refined handling. For Japanese tuning potential and reliability, a Mitsubishi Lancer Evolution or Subaru Impreza WRX STI (though likely newer and more expensive) are strong contenders.
Ultimately, the 1998 BMW M3 remains a benchmark for its blend of performance, handling, usability, and relative affordability in the used market.
Final Verdict: Is the 1998 BMW M3 a Good Coupe?
The 1998 BMW M3 is ideal for driving enthusiasts who appreciate balanced performance, engaging handling, and a classic sports sedan/coupe experience. It's worth buying for those seeking a future classic that offers thrills without the exorbitant cost of some contemporaries. It is best purchased used, as new models are long gone. Focus on well-maintained examples, particularly manual transmission coupes, with documented maintenance history, especially for cooling system and subframe. While not a plug-and-play appliance, a lovingly cared-for M3 offers exceptional value and driving pleasure that few cars can match in its price bracket. It's a car for those who enjoy driving and are willing to perform regular maintenance to keep it in top condition.
Cathleen V
Cathleen is an exceptional freelance writer covering hot topics in the automotive world from a gearhead's perspective. Her articles delve into various aspects of automotive technology and history, offering readers detailed insights into engine performance, reliability, and maintenance. Through her engaging and informative writing, Cathleen provides valuable information to automotive enthusiasts and consumers alike, helping them make informed decisions about vehicle maintenance and purchases.