The 1988-1991 BMW M3 Convertible is a rare, open-top variant of the legendary E30 M3, initially developed as a homologation special for racing. Enthusiasts and reviewers often praise it for its classic E30 styling and performance, though some M purists view the convertible as a compromise compared to the coupe, losing some of the "ultimate driving machine" status. It is famous for its rarity and ties to BMW's racing heritage. Today, it is best suited as a highly sought-after collector’s item or "garage queen" for weekend enjoyment, rather than a daily driver, due to its age, potential unreliability, and comfort compromises.
Maintenance costs can be higher due to the age and performance nature, with annual repairs/maintenance often costing $500-$1000+. Reliability is typical for BMWs of this era, but requires frequent maintenance like 12,000-mile valve adjustments. Insurance can be surprisingly low on a classic policy.
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