The 1992–1999 BMW M3 (E36) is the second generation of the M3, notably introducing a six-cylinder engine (286–321 hp) and expanding to sedan and convertible body styles. Enthusiasts highly regard the E36 as one of the best eras of BMW, praising its capable chassis and reliable engine options, particularly the US-spec S52. It is infamous for cooling system and VANOS issues in higher-mileage cars, typical of many BMWs. Today, it remains a popular platform for enthusiasts seeking a capable daily driver or a car well-suited for aftermarket modification and track use.
The E36 M3 can incur high maintenance costs, averaging hundreds monthly for self-repair, with potential major suspension/clutch work over time. Owners rate its reliability highly despite one recall. Insurance rates are typical for a performance car, ranging from $217 to $441 monthly.
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