Market Update – November 15, 2013

November 15th, 2013 Comments off

This week’s overview of what’s happened in the M Coupe market.

Currently Listed: 56
S52: 42
S54: 14
Average Asking Price: $25,532.69
S52: $22,100.83
S54: $34,112.36

Most Popular Sales Listings

These are the cars that have been viewed most often this week:

2002 Steel Gray over Dark Gray in Philadelphia, PA

2002 Steel Gray over Dark Gray
Philadelphia, PA – $26,900

1999 Estoril Blue over Black in Sonora, CA

1999 Estoril Blue over Black
Sonora, CA – $11,950

1999 Cosmos Black over Black in Charleston, SC

1999 Cosmos Black over Black
Charleston, SC – $9,500

1999 Estoril Blue over Estoril Blue in Kalamazoo, MI

1999 Estoril Blue over Estoril Blue
Kalamazoo, MI – $27,500

Best Deals

These are what I think are the best deals still available that are not already on the most popular list.

1999 Estoril Blue over Estoril Blue in Lawrenceville, GA

1999 Estoril Blue over Estoril Blue
Lawrenceville, GA- $15,200

2001 Titanium Silver over Dark Gray in Summerlin, NV

2001 Titanium Silver over Dark Gray
Summerlin, NV – $31,000

2000 Cosmos Black over Black in North Knoxville, TN

2000 Cosmos Black over Black
North Knoxville, TN – $18,000

2001 Estoril Blue over Estoril Blue in Crystal City, VA

2001 Estoril Blue over Estoril Blue
Crystal City, VA – $26,500

Sold This Week

Here are the cars that appear to have gone to lucky new owners this week.

Categories: Market Updates Tags:

LC60677: 1999 Cosmos Black over Dark Beige – Part 1

November 11th, 2013 5 comments

1999 BMW M Coupe in Cosmos Black over Dark Beige

M Coupe Buyers Guide Project Coupe #2 presented by Mark Rand:

The first M Coupe Buyer’s Guide Project Coupe started as a fun experiment between Jon, Rick and myself in late September, with the intent of finding a coupe in need of some TLC, bringing it up to our exacting standards, then uniting it with a deserving owner. We didn’t anticipate it becoming an addiction, but it looks like we’ll be making a habit of it. All in all, the coupe was delivered to Jon on 9/23, brought up to what we’d call “cartel approved” status in less than a month and was picked up by it’s new owner on Friday 10/25. Time flies when you’re having fun, but I didn’t think we’d have a second project coupe so quickly.

Two days later I had an email from Jon pointing me to a Craigslist ad in Phoenix saying “Seems like it would be a good one.” I clicked the link and examined five photos of a 1999 Cosmos Black over Dark Beige Oregon M Coupe. Looked to be in good shape, but with only one exterior shot and a handful of interior shots, it was tough to tell. A very minimal description and an asking price of $19,000 didn’t leave me particularly impressed, until I took a closer look at the odometer photo. It read 40,849! It takes a very particular or a very busy owner to only put 3,142 miles on a car per year, and every sub-50k mileage S52 coupe I had seen for sale were all asking more than this one, so I was curious what was wrong with it or if it really was a great deal.

Craigslist Listing

We called the number from the craigslist ad, and were greeted with “Earnhardt Nissan, this is Alex.” It wasn’t being sold by an individual owner, but by a Nissan dealership. Interesting. The ad was written by a salesman who had just taken it as a trade for an Altima. He explained it was previously owned by an older gentleman who needed more room for driving grandkids around. We were the first to call about the coupe, so we asked for the CarFax and any other information he could provide on the car’s history and we’d call back shortly. He sent over the CarFax report and about a dozen photos, mostly of the exterior this time. Exterior looked to be in great shape. No major curb rash on any of the wheels, no major body frame gaps or dents/dings that I could see. Looked mostly stock as far as I could tell, until I saw the exhaust. Definitely not stock, but no way to tell what brand. The CarFax showed up as clean with the coupe having 2 previous owners. The first owner leased it for 18 months and drove it 15,656 in Pennsylvania. The second owner had it ever since and only put on an additional 25,193 miles in over 12 years of ownership in Washington. Wow. A long term owner with low mileage and a clean CarFax are all huge pluses, so we wanted to learn more.

1999 BMW M Coupe in Cosmos Black over Dark Beige

Checking the dealership website’s pre-owned inventory, we noticed they had it incorrectly categorized as a 2.8L Z3. Not uncommon, given the rarity of these cars, but that got us thinking that maybe that’s what led to the relatively low asking price. Maybe they didn’t know what they had. Or maybe there was something wrong with it, that they hadn’t shared yet. Although they have not historically been the most accurate reference for M Coupe valuation, KBB lists the value of a 40,000 mile ’99 Z3 coupe at $15,460 in very good condition, while a similarly spec’d M Coupe fetches $24,570. Even if the dealership knew what they had, they had still listed it $5,575 below KBB value, so it seemed like a pretty good deal unless something catastrophic was wrong with it. Alex said he’d talk to his manager and call us back the following Monday. Let’s just say it was a good enough deal to convince me to offer up my credit card right then and there for a $1,000 deposit while simultaneously booking a flight to Phoenix. I figured shipping would cost $500-$600, more for a closed carrier shipping truck, so when I saw that Delta had one-way flights for $171 from Oakland to Phoenix and the drive back home would only be about 750 miles, I decided to book tickets for my wife and I for a weekend road trip!

It was a long week of anxiously waiting for our Saturday morning flight, so when my alarm woke me up at 4:00 am I was up quicker than expected. We took off from Oakland International Airport at 6:15 am, made a connection in Salt Lake City after a 2 hour layover, and finally landed in Phoenix just after noon local time. Reading that sentence makes me feel insane. Alex picked us up in a Black/Black Dodge Charger (odd, considering they’re from a Nissan dealership) but when I asked him about it his response cracked me up. “This car is the fastest one we have…except for the GT-R.” “Well, don’t forget about the coupe!” I reminded him. “Yea, but I couldn’t have picked you both up in that. Not enough seats.” The 15 minute drive felt longer than the flights. I couldn’t wait to see the car and find out what I was getting myself into.

1999 BMW M Coupe in Cosmos Black over Dark Beige

We pulled in to the lot and the coupe was sitting in a shaded spot near their service garages. Alex went in to grab the keys and I immediately circled the car. Paint looked to be in good condition, with a deep luster. Wheels were in good shape, with the driver side rear wheel being the only one with a noticeable 1″ scratch. I had replaced the windshield and driver side window on my previous coupe, so I checked to make sure all glass was PPG and/or Sekurit branded. It was. The front splitters had some scrapes, but nothing major. I found a quarter-sized ding in the passenger side door a few inches below the window and a few more smaller ones in the rear quarter panel. Nothing a good PDR guy couldn’t fix. When I got around to the back of the car, I was surprised to find AC Schnitzer DTM exhaust tips. Unexpected, but cool nonetheless. Alex returned with the keys and I opened the doors, hatch and hood one by one, verifying matching VIN tags on each. The interior looked and smelled great. I love the smell of Nappa leather, and this car still smelled brand new. Very minimal wear on the driver side bolster, with supple soft leather on both seats. This was my first time seeing Dark Beige Oregon in person, and although I hadn’t liked it much in pictures, I was quite pleased with it in person. I love two-tone interiors, and while there isn’t much contrast in pictures, this is definitely a two-tone interior. The engine bay was clean and it didn’t look like anything had been modified under the hood. The rear hatch opened slowly, like my last coupe, and revealed a Noah car cover stored in the back. Sweet! I popped up the hatch floor and revealed a full toolkit, including the often missing lug nut adapter. Only thing missing was the jack, which would need to be replaced. So far, it passed the eye test. But, this car wasn’t made to be looked at.

1999 BMW M Coupe in Cosmos Black over Dark Beige

I sat in the driver’s seat, depressed the clutch and brake, turned the key and she roared to life. Having primarily owned and driven a S54 coupe, it wasn’t the same idle that I was used to, but it was smooth and sounded beautiful. I quickly checked the interior bulbs, front headlamps, turn signals and brake/reverse lights. All illuminated as expected. Time to take her for a drive! I found first gear smoothly and carefully made my way out of the parking lot. I had my iPhone in the center console constantly giving me voice directions back to the dealership so I could just drive wherever for 10-15 minutes and then follow the directions when I decided to head back. I first noticed the clutch pedal was much easier to press in that my previous coupe, a welcome change. Shifting was a smooth experience, finding each gear without issue. I was delighted to discover that after shifting into and out of fifth gear, the shifter centered back in neutral without any lean. This coupe hadn’t been abused and the shift pins were in great shape. Acceleration and braking were linear, steering was crisp, and there weren’t any clunks or squeaks while going over speed bumps.

1999 BMW M Coupe in Cosmos Black over Dark Beige

I had kept the air conditioning and radio off so I could listen for any noises, but after a few minutes I started to get hot so I clicked the AC dial up to 1. Nothing. 2? Nothing. All the way up for 4? Full blast of ice cold air. Phew, at least we wouldn’t have to drive 750 miles without any AC, but it’s too bad that all the fan settings weren’t working. That prompted me to try the windows and sunroof out, and as I felt for the driver side window button, I noticed it was raised significantly higher than normal. Probably a good centimeter above the center console trim, while the other one was flush. Odd. I tried pushing it down and it wouldn’t budge. Upon closer inspection, I noticed some discoloration around the button, like it had been painted. Luckily, it worked as expected and both windows went down fine. Sunroof opened and closed, too.

I took a few tight turns and highway onramps with delight before making my way back to the dealership. I brought it into the service bay and got it raised on the rack. The only thing left that would keep me from buying this could would be a cracked subframe or differential mount. I borrowed the technician’s flashlight and closely examined every weld and every curve of the mount. It was pristine. Guibo looked good from what I could see. All in all, the undercarriage was dry, clean and rust-free and I had no doubts about taking this coupe home with me.

After some paperwork and some handshakes, the coupe was ours. We left the dealership shortly before 3  pm with the goal of reaching Los Angeles by 8:30. One of my buddies from college lives outside of LA and offered us a place to crash, so I didn’t want to keep him waiting too long. From Phoenix to Los Angeles, it’s a straight shot heading west on I-10. I was a bit anxious taking this new-to-me coupe on a 750 mile road trip just a couple hours after laying eyes on it, but we were off. One thing I noticed right away was I got a LOT more looks, stares and thumbs ups in this coupe compared to my silver S54. I might have even gotten more looks on the 45 minute drive out of Phoenix than I ever got in the last coupe. That’s what drew me to the M Coupe if the first place. It’s a lot like nothing else.

The route we took is actually the same route my wife and I took when we moved from Austin to San Ramon, so when we saw an eerily familiar rest stop we had to pull over. I recently bought my wife a new Canon T3i DSLR, and she used the drive to read through the instruction manual. Exciting. This was the first photo we took of the coupe.

1999 BMW M Coupe in Cosmos Black over Dark Beige

The rest of the drive was directly facing the sun, which was bearable for me with polarized Oakleys. The sun visors in the coupe are hilarious, and probably only there by law. After filling up with gas just outside of Phoenix, we made it another 280 miles until the gas light came on. We pulled over in Cabazon, CA for a fill up. Gas prices were noticeably elevated (or back to normal, if you’re a CA native). The last hour into LA was tough, because we were both starving. There were a few sketchy places that we contemplated, but once we found a Chick-Fil-A on Yelp, we held out. Heaven.

The stay in LA was quick, and nice to catch up with an old friend, but we still had another 5-6 hours of driving ahead of us, so we headed out early Sunday morning, grabbed breakfast at a local diner, and settled in for the last leg of our journey. Cops everywhere! I just recently got my 3rd speeding ticket of 2013 (4th ever) and I couldn’t afford another one, so I made cruise control my friend. Unfortunate, because it takes so much fund out of the driving experience, but necessary. We made it onto I-5 N, which is admittedly the most boring way to drive from Los Angeles to the Bay Area, but we didn’t have the time for PCH. Here’s a shot of the coupe at the last vista point in the mountains. I took a similar shot of my original coupe when I drove it from San Diego to San Ramon.

1999 BMW M Coupe in Cosmos Black over Dark Beige

 

1999 BMW M Coupe in Cosmos Black over Dark Beige

Then, we were out of the mountains.

1999 BMW M Coupe in Cosmos Black over Dark Beige

Truth is, there isn’t much difference between central California and west Texas. Flat, boring, dusty and the occasional oil derrick.

That’s how the rest of the drive was. A lot of cruise control, a lot of scanning for radio stations. Luckily this coupe had the optional Business CD player, so we swapped out a handful of burned CD’s, but those got old pretty quick. We arrived home around 4 pm on Sunday afternoon. What a weekend! I’ve got to give my wife, Britney, some serious props for tagging along for a road trip that I might not have wanted to make on my own, and that she wasn’t all that pumped for. I’d like to think she enjoyed the quality time with me! 🙂

Stay tuned for our next article where I’ll introduce you to the guys at Performance Technic, my independent shop of choice. Only then will I really know what I got myself into.

Mark Rand, San Ramon, CA

Categories: LC60677 Tags:

Market Update – November 8, 2013

November 8th, 2013 2 comments

This week’s overview of what’s happened in the M Coupe market.

Currently Listed: 52
S52: 40
S54: 12
Average Asking Price: $25,297.17
S52: $22,301.38
S54: $33,785.25

Most Popular Sales Listings

These are the cars that have been viewed most often this week:

2002 Steel Gray over Dark Gray in Philadelphia, PA

2002 Steel Gray over Dark Gray
Philadelphia, PA – $26,900

1999 Estoril Blue over Estoril Blue in Kalamazoo, MI

1999 Estoril Blue over Estoril Blue
Kalamazoo, MI – $27,500

2000 Titanium Silver over Dark Gray in Bloomfield, MI

2000 Titanium Silver over Dark Gray
Bloomfield, MI – $17,500

2001 Estoril Blue over Estoril Blue in Crystal City, VA

2001 Estoril Blue over Estoril Blue
Crystal City, VA – $26,500

Best Deals

These are what I think are the best deals still available that are not already on the most popular list.

1999 Arctic Silver over Estoril Blue in Oahu, HI

1999 Arctic Silver over Estoril Blue
Oahu, HI- $17,999

1999 Estoril Blue over Estoril Blue in Lawrenceville, GA

1999 Estoril Blue over Estoril Blue
Lawrenceville, GA- $15,200

2000 Cosmos Black over Black in North Knoxville, TN

2000 Cosmos Black over Black
North Knoxville, TN – $18,000

2001 Titanium Silver over Dark Gray in Summerlin, NV

2001 Titanium Silver over Dark Gray
Summerlin, NV – $31,000

Sold This Week

Here are the cars that appear to have gone to lucky new owners this week.

Categories: Market Updates Tags:

Market Update – November 1, 2013

November 1st, 2013 Comments off

This week’s overview of what’s happened in the M Coupe market.

Currently Listed: 54
S52: 42
S54: 12
Average Asking Price: $25,313.96
S52: $22,490.19
S54: $33,785.25

Most Popular Sales Listings

These are the cars that have been viewed most often this week:

1999 Estoril Blue over Estoril Blue in Kalamazoo, MI

1999 Estoril Blue over Estoril Blue
Kalamazoo, MI – $27,500

2000 Titanium Silver over Dark Gray in Bloomfield, MI

2000 Titanium Silver over Dark Gray
Bloomfield, MI – $17,500

2002 Steel Gray over Dark Gray in Philadelphia, PA

2002 Steel Gray over Dark Gray
Philadelphia, PA – $26,900

2001 Estoril Blue over Estoril Blue in Crystal City, VA

2001 Estoril Blue over Estoril Blue
Crystal City, VA – $26,500

Best Deals

These are what I think are the best deals still available that are not already on the most popular list.

1999 Arctic Silver over Estoril Blue in Oahu, HI

1999 Arctic Silver over Estoril Blue
Oahu, HI- $17,999

1999 Estoril Blue over Estoril Blue in Lawrenceville, GA

1999 Estoril Blue over Estoril Blue
Lawrenceville, GA- $15,200

2000 Cosmos Black over Black in North Knoxville, TN

2000 Cosmos Black over Black
North Knoxville, TN – $18,000

2001 Titanium Silver over Dark Gray in Summerlin, NV

2001 Titanium Silver over Dark Gray
Summerlin, NV – $31,000

Sold This Week

Here are the cars that appear to have gone to lucky new owners this week.

Categories: Market Updates Tags:

Happy Halloween 2013!

October 31st, 2013 Comments off

BMW Roundel Jack-o-Lantern

Continuing my Halloween tradition, I carved my 4th annual M Coupe related pumpkin. I wasn’t feeling quite as ambitious this year, so I went with the BMW Roundel. Any other good pumpkin designs out there this year?

I bet the neighbors will know which one is mine :-).

Halloween 2013

Previous Years

Categories: Miscellaneous Tags:

LC60291 – Part 5: Conclusion

October 26th, 2013 1 comment

1999 BMW M Coupe in Arctic Silver over Black

Fortunately, the delay in this conclusion article was not due to anything besides my own busyness. The new OEM Sachs clutch kit arrived safely to Alex’s and was installed without any significant issues. Alex got the coupe back to me, and it drives like a dream. I’m a little jealous of the nice, crisp shift feel after the shift pin service. The bummer is that there’s a 500-600 mile break-in period for the new clutch where you’re not supposed to shift over 4k rpm. Man, it’s hard to short-shift; it feels so unnatural in a coupe. The break-in period ends right at 100,000 miles which will be a fun celebration for the new owner.

When I got the coupe back, I had a couple finishing touches that I had had on order. We replaced the AC/recirculate button that had a crack in it, replaced the door handle gaskets that were cracked, replaced the control button for the passenger seat which was cracked and loose, finished removing the windshield tint (Black Magic tint remover works great), and put a new sticker on the rear ///M badge.

In the end, it turned out to be a great looking, very well sorted coupe. Here’s a summary:

Exterior Color: Arctic Silver Metallic
Interior Color: Black Nappa
Mileage: 99,460
Rarity: 1 of 105
Clean title and Carfax and matching VIN tags

Recent Maintenance
OEM Sachs Clutch Kit
Shift Pin Service
Shifter Cup and Selector
Flex Disc (Guibo) Replaced
Amsoil for Transmission and Differential
Brake and Coolant Flush
Cooling System Overhaul
Rear Shocks

Upgrades/Modifications
M50 Manifold
OEM Euro Floating Front Brake Rotors
Godridge Stainless Steel Brake Lines
UUC Stainless Steel Clutch Line
Black Kidney rills
///M Aftermarket Aluminum Pedals
///M Floor Mats
Silver Lug Bolts
Window Tint
Pioneer SuperTuner III D Head Unit
Rear Wiper Delete

Sounds pretty good, doesn’t it? Unfortunately for those interested, it’s already sold. Fortunately for me, I never had to put together a sales listing; and best of all, it’s staying here in town. I met Carlos at a car show in Fort Collins the very day we bought this coupe. He came over to look at mine, my dad’s and Colby’s coupes and talked for a while. He mentioned he would love to find a silver over black coupe. I think the stars were aligned. It was not a done deal until this week, but I’m very excited it worked out for him. I’m sure you all will be seeing it again soon in future bbq photos.

All things considered, my first project coupe experience was a great one, and I’d definitely be interested in doing it again. If you’ve decided to sell your coupe and think it would make an interesting project, send me an email at jon@mcoupebuyersguide.com.

Categories: LC60291 Tags: ,

Market Update – October 25, 2013

October 25th, 2013 Comments off

This week’s overview of what’s happened in the M Coupe market.

Currently Listed: 45
S52: 34
S54: 11
Average Asking Price: $25,952.98
S52: $22,851.59
S54: $34,129.36

Most Popular Sales Listings

These are the cars that have been viewed most often this week:

2002 Steel Gray over Dark Gray in Philadelphia, PA

2002 Steel Gray over Dark Gray
Philadelphia, PA – $26,900

2000 Cosmos Black over Black in North Knoxville, TN

2000 Cosmos Black over Black
North Knoxville, TN – $18,000

2002 Steel Gray over Black in Fall River, MA

2002 Steel Gray over Black
Fall River, MA – $33,895

1999 Imola Red over Black in San Jose, CA

1999 Imola Red over Black
San Jose, CA – $14,988

Best Deals

These are what I think are the best deals still available that are not already on the most popular list.

1999 Arctic Silver over Estoril Blue in Oahu, HI

1999 Arctic Silver over Estoril Blue
Oahu, HI- $17,999

1999 Estoril Blue over Estoril Blue in Lawrenceville, GA

1999 Estoril Blue over Estoril Blue
Lawrenceville, GA- $15,200

2000 Titanium Silver over Dark Gray in Bloomfield, MI

2000 Titanium Silver over Dark Gray
Bloomfield, MI- $18,500

2001 Estoril Blue over Estoril Blue in Crystal City, VA

2001 Estoril Blue over Estoril Blue
Crystal City, VA – $26,500

Sold This Week

Here are the cars that appear to have gone to lucky new owners this week.

Categories: Market Updates Tags:

Market Update – October 18, 2013

October 18th, 2013 Comments off

This week’s overview of what’s happened in the M Coupe market.

Currently Listed: 49
S52: 36
S54: 13
Average Asking Price: $25,873.16
S52: $22,499.87
S54: $33,917.15

Most Popular Sales Listings

These are the cars that have been viewed most often this week:

2002 Steel Gray over Dark Gray in Philadelphia, PA

2002 Steel Gray over Dark Gray
Philadelphia, PA – $26,900

1999 Imola Red over Black in San Jose, CA

1999 Imola Red over Black
San Jose, CA – $14,988

2000 Cosmos Black over Black in North Knoxville, TN

2000 Cosmos Black over Black
North Knoxville, TN – $18,000

2001 Estoril Blue over Estoril Blue in Crystal City, VA

2001 Estoril Blue over Estoril Blue
Crystal City, VA – $26,500

Best Deals

These are what I think are the best deals still available that are not already on the most popular list.

1999 Arctic Silver over Estoril Blue in Oahu, HI

1999 Arctic Silver over Estoril Blue
Oahu, HI- $17,999

1999 Estoril Blue over Estoril Blue in Lawrenceville, GA

1999 Estoril Blue over Estoril Blue
Lawrenceville, GA- $15,200

2001 Black Sapphire over Dark Beige in Pewaukee, WI

2001 Black Sapphire over Dark Beige
Pewaukee, WI – $27,500

2000 Titanium Silver over Dark Gray in Bloomfield, MI

2000 Titanium Silver over Dark Gray
Bloomfield, MI- $18,500

Sold This Week

Here are the cars that appear to have gone to lucky new owners this week.

Categories: Market Updates Tags:

Market Update – October 11, 2013

October 11th, 2013 2 comments

This week’s overview of what’s happened in the M Coupe market.

Currently Listed: 47
S52: 35
S54: 12
Average Asking Price: $25,606.16
S52: $22,391.68
S54: $33,910.25

Most Popular Sales Listings

These are the cars that have been viewed most often this week:

2000 Alpine White over Dark Beige in Williamston, SC

2000 Alpine White over Dark Beige
Williamston, SC – $12,100

1999 Estoril Blue over Estoril Blue in Seattle, WA

1999 Estoril Blue over Estoril Blue
Seattle, WA – $13,500

2002 Steel Gray over Dark Gray in Philadelphia, PA

2002 Steel Gray over Dark Gray
Philadelphia, PA – $26,900

2001 Estoril Blue over Estoril Blue in Crystal City, VA

2001 Estoril Blue over Estoril Blue
Crystal City, VA – $26,500

Best Deals

These are what I think are the best deals still available that are not already on the most popular list.

1999 Arctic Silver over Dark Gray in Mount Prospect, IL

1999 Arctic Silver over Dark Gray
Mount Prospect, IL – $16,250

1999 Estoril Blue over Estoril Blue in Lawrenceville, GA

1999 Estoril Blue over Estoril Blue
Lawrenceville, GA- $15,200

2001 Black Sapphire over Dark Beige in Pewaukee, WI

2001 Black Sapphire over Dark Beige
Pewaukee, WI – $27,500

2000 Titanium Silver over Dark Gray in Bloomfield, MI

2000 Titanium Silver over Dark Gray
Bloomfield, MI- $18,500

Sold This Week

Here are the cars that appear to have gone to lucky new owners this week.

Categories: Market Updates Tags:

LC60291 – Part 4: The Mechanicals

October 10th, 2013 4 comments

1999 BMW M Coupe in Arctic Silver over Black

Now that the coupe looked brand new, it was time to make the drive match the looks. Step #1: shift pins. I knew I was completely out of my mechanical depth with that particular project even with Vinci’s awesome DIY. I contacted another local coupe owner, Alex (the up and coming “Randy Forbes” of Colorado :-)). I knew he had done the shift pin service at least once before, and he also happened to still have the drift tools. I then contacted Jonathan Thayer of BimmerDiffs.com to order up a shift pin service parts kit and some Amsoil for the transmission and differential. He was nice enough to expedite the shipping to make sure I got everything in time.

When Alex came to swap coupes (yep, I now have his in my garage too :-)), I had him take it for a test drive with me to see if he felt anything we may have missed. In the first corner he mentioned that the rear shocks had to have been replaced (which we later confirmed). He also noticed some minor clutch slippage. He suggested we just do the clutch too since we were dropping the transmission for the shift pin service anyway. We all agreed.

We took a good look through the engine bay where he confirmed the new cooling system components and m50 manifold. He also agreed with our previous assessment that aside from the headlights, everything else up front was original with no sign of previous damage. I’m pretty confident that it was never in any type of accident. The chrome-ringed headlights remain a mystery.

It was an especially easy to make the decision to replace the clutch because the previous owner of the coupe had included a brand new one with the car. He said when he had first bought the coupe, the low clutch engagement had made him think the clutch was on its way out before he later learned that the low clutch engagement was normal on M Coupes. To be honest, I never noticed any clutch slippage on my test drive, but agreed it made sense to make the change given the transmission was being dropped anyway. The included clutch was an F1 Racing brand, stage 2 clutch kit. Stage 2 was probably overkill for this particular coupe, but the online reviews for this specific clutch were positive (I did come across some problems on Honda and Mazda forums). I packed up the hatch with the shift pin kit, Amsoil, and clutch kit, and Alex took the coupe back to his garage and lift (what service!).

BMW M Coupe Hatch Packed

It all started out well. The transmission came out fine, but Alex noticed the flex disc (guibo) was soft enough that he could flex it by hand. That’s no good, so we got a new one. No big deal. The shift pins for reverse and 5th were locked in place which explains how horrible it shifted. He finished the shift pin service and moved on to the clutch. Removing the old clutch went fine. It appeared to be the original clutch and was in good shape for the mileage but obviously showing its age and mileage. It was time for a replacement anyway.

Alex got out the new clutch kit. It seemed to be pretty well  made. He lined it up following the sticker showing which side should face the flywheel and immediately noticed a problem. Once reassembled with the stock flywheel, the clutch disc would most likely weld itself to the throwout bearing guide tube when started. Was it on backwards? We did some more research and came across this thread. In it, it was suggested that you do install the clutch in reverse of the directions when not using an aftermarket flywheel. That seemed pretty sketchy. Alex called the clutch manufacturer, and they said their kit would not work with a stock flywheel. Well, I guess a new, stock clutch was in order then.

I called the local dealership in hopes of being able to obtain one quickly and get the project completed. The parts manager recognized my voice, offered me a discount, and said he could get one by Friday. The problem was that their retail price was $575, and my price was $470. I pointed out that Turner Motorsports sells the kit for $336. He looked it up and confirmed it was the same kit. He said his own cost for the kit is $427, so he had no idea how they were selling it so much cheaper. He advised I just go with them this time since he could not compete with that price.  I decided overnight shipping would be worth it this time, and placed my clutch order yesterday afternoon. It was already out for delivery to Alex’s house this morning. Crazy!

Because we don’t have a ton of history on the car, we also decided to “reset” the maintenance clock by flushing all the fluids and doing an oil change. As previously mentioned, we’ll have Amsoil in the transmission and differential, as well as doing a brake and coolant flush. It should be good to go for a long time to come.

So unfortunately, this does not wholly conclude the “Mechanicals” portion of this project. Alex has to work at his real job the next few days. Final results should be in on Saturday. I can’t wait to drive it again!

< Previous: The Detail     Next: Conclusion > (Coming Soon)

LC60291 – Part 3: The Detail

October 9th, 2013 6 comments

1999 BMW M Coupe in Arctic Silver over Black

A couple days later, Colby returned with his detailing/polishing gear. We were fortunate to catch a break in the rain to give it a good wash both outside and in the engine bay. When I attempted to remove the stoneguards from the rear fenders, they started to disintegrate. They had bonded to the paint and could only be removed in pieces. So, public service announcement, remove and wash your stoneguards with ever wash. I’m guessing the previous owner had never removed them in the 3 years he had the car. The engine detailing was the most telling as it revealed a newer radiator and all new plumbing. The cooling system had been done! We also noticed the source of that extra power: an M50 manifold. It just got better and better.

1999 BMW M Coupe in Arctic Silver over Black

We pulled the coupe into the garage, and Colby got out his ridiculous new polisher and went to work. I watched the surface scratches melt away over the next 4 hours. He happened to nick the rear spoiler while polishing and thought it looked pretty good. So this coupe now has a mirrored black finished spoiler :-). He then introduced me to a product called Black Wow and Pre-Wow. They lived up to their names and all the formerly faded trim pieces now look brand new. It’s safe to say we took 50-60,000 miles off the look of the coupe.

Colby Detailing M Coupe

The following day, my mom, who generally has no significant interest in cars, dropped some stuff off in our garage while we were out. While on the phone she told me that it looked like a new car no less than 3 times. One of those times she even interrupted herself mid-sentence to ask if her coupe (and my dad’s) would ever look that good. Yep, Colby does good work!

Seriously though, how many 99k mile coupes looks like this:

1999 BMW M Coupe in Arctic Silver over Black

1999 BMW M Coupe in Arctic Silver over Black

To be continued…

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LC60291 – Part 2: First Impressions

October 8th, 2013 6 comments

1999 BMW M Coupe in Arctic Silver over Black

It was dark, but the first things I noticed were the blacked out kidney grilles and rear fender stone guards. There were also new-ish silver lug bolts. Squinting through the tinted driver side window, I spot aluminum ///M logo pedals along with the factory ///M floor mats. Oh yeah, and window tint including the top 3rd of the windshield. Windshield tint may be worth it in Florida, but it would not survive long at my house. It also had S54 curved M badges on both the back and side  gills. The rear badge was about the most faded S54-style badge I’ve come across and also placed in the S54 badge location. Not a huge deal, but I’ll be hitting up Tyler at Never Done Garage for some new stripes.

The only concerning thing I noticed were the chrome-ringed headlights. If you read this article, you’d know that chrome-ringed headlights did not show up until the model year 2000 coupes, and this was a 1999. Usually things like obviously replaced headlights in addition to modified kidney grilles would be a red-flag of a possible front-end accident. I went back and looked at the 3-year old photos and noticed the headlights had been replaced at that point, but it still had it’s stock kidney grilles. So the kidney grilles were replaced at a different time and most likely just for looks. That made me feel a little better, and the Carfax report we had run was completely clean; I still wanted to get some more eyes on it though. Overall first impressions were pretty good, but I’d have to wait until the next morning to see it in the daylight and take it for a drive.

When morning came, I still couldn’t get into the car, but I took the opportunity to jack up the back of the coupe and check the diff mount. It looked perfect, phew! While under there I noticed some Goodridge stainless steel brake lines; that’s a good sign. The rear brake pads also looked relatively new. I came around to check the front brakes: OEM Euro floating rotors, score! I also spotted a UUC stainless steel clutch line. It had definitely been owned by an enthusiast. Things were definitely looking up.

1999 BMW M Coupe Rear Differential and Mount

Around 10 o’clock, Colby arrived in his 2000 dakar yellow M Coupe around the same time the truck driver returned. I exchanged an envelope of cash for the keys, and it was officially in my possession. We immediately opened the doors to get a better look of the interior. The first thing I noticed was the Pioneer head unit I had not noticed the night before. It looked decent and had both USB and Aux inputs. Not bad. The interior itself was in better than average shape for a 99k mile coupe. The driver seat had some minimal bolster wear, and the seats looked a little dry from being parked in the Florida sun. The most obvious flaw was the cracked recirculate button in the center console, that would definitely need to be replaced. The rest looked like it would clean up pretty well, and the seats would look much better with some leather conditioner. We next went around to the front and checked out the engine bay. Everything appeared stock and operational. We’d get a better look once we detailed it.

1999 BMW M Coupe in Arctic Silver over Black

Now it was time for the first drive. I was admittedly a little nervous when I first started it up. What had I gotten myself into? It started up fine, went right into reverse and off we went. Driving down my street there were no worrisome rattles or clunks. I breathed a sigh of relief. When we stopped at the stop sign at the end of my street, I had a little trouble getting it going before realizing I was in 3rd gear. Oops! I shifted and off we went again. When I upshifted I found myself in 4th rather than 2nd. Something strange was going on. At that point I noticed that the shift lever went all the way to the right whenever it was in neutral. Darn, the dreaded shift pin issue. I guess at least I had something to work on in my “project” coupe.

We continued our test drive through the farm land east of my house. I realized then that I had never actually driven an S52 coupe before. Of the 10-15 coupes I’ve had the pleasure of driving, they had all been S54s (I guess I live a charmed life :-)). It felt much more peppy than I expected, and Colby thought the same. We pulled over and started pressing buttons. Everything was in working order. Colby drove back to my house and confirmed that it definitely felt faster than his S52. Interesting.

1999 BMW M Coupe in Arctic Silver over Black

To be continued…

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LC60291: 1999 Arctic Silver over Black – Part 1

October 7th, 2013 Comments off

1999 BMW M Coupe in Arctic Silver over Black

Maintaining this website, I obviously come across a lot of coupes. Most of the time I can just admire them from afar, but this time things worked out differently. For quite some time Rick Medeiros on the east coast, Mark Rand on the west coast, and I, here in Colorado, have thrown around the idea of buying a coupe with potential, helping said coupe realize it’s potential, then finding a deserving owner to take it from there and enjoy it. The idea is not necessarily to make a lot of money, it’s more about taking the opportunity to feed an obsession, learn more about the coupes we love by doing projects our coupes don’t require, fully sorting nice drivers’ cars for fellow enthusiasts and hopefully not losing money in the process. A couple weeks ago, we found just such a coupe and took the plunge.

The story of this coupe is an interesting one. It all started when I saw a post about someone having spotted a “Z3 hardtop” with a for sale sign in Jacksonville, FL. You never really know what people could mean, but I PMed the original poster and asked if he had taken any photos just in case. He texted me some photos which confirmed it was indeed an M Coupe, and the for sale sign in the photos had a phone number on it. We decided to call and were pleased to find out the owner was a military officer (in my experience, they always seem to have well maintained cars). He had owned the car for about 3 years and purchased it in North Carolina.

Photos from Original Poster

1999 BMW M Coupe in Arctic Silver over Black     1999 BMW M Coupe in Arctic Silver over Black

So what do you look for when buying a coupe sight-unseen? First, we decided to run a Carfax report to confirm its history. It showed a clean title and no reported accidents. It also confirmed that it had been in North Carolina 3 years before. Everything checked out. It was a little light on reported service records, but most independent shops don’t report, so that’s not necessarily unexpected. The good news was that it had spent the first 11.5 years of it’s life in warm, dry New Mexico and Arizona. This is always a plus because you can be pretty sure it never had to deal with salted winter roads or salty sea air.

The next thing I usually do is Google the VIN number just to see what comes up. Most of the time, it’s just brings up bmwmdata.com or my site, and that was the case with this search. Every once in a while I come across a warning on a forum of an unreported accident or a listing on an insurance salvage auction site though, so it’s always worth checking.

Finally, I put the VIN into my own system. I started my M Coupe Buyers Guide site a little over 3 years ago, so I figured I must have had this coupe’s previous listing in my database. Indeed I did, but I was disappointed by what I found. If you’ve been following the coupe market for a while, you’ve probably heard of ES Motorsports in Greensboro, NC. They do not have the best reputation, and they’ve sold some questionable cars over the years. This coupe happened to be one of theirs. We asked the seller about it, and he was aware of their reputation. He said he had done an independent inspection before purchasing it. He also pointed out that he had 3 years and nearly 25,000 miles trouble free since that time. Fair point. He then promised (with the word of a military officer) that we would not be disappointed. We took his word for it and bought it.

The next step was determining which one of us we should ship it to: Rick was closest, Mark had arguably the best market, and I split the difference. I guess I won the lottery this time :-). We used UZ Auto Trans Inc. out of Denver which got the car to us in great shape and remarkably fast (at least compared to my previous experience). In any case, I would definitely use them again in the future. It was not quite the same as when my coupe arrived, but it’s never a bad day when a truck drops off an M Coupe in your driveway for any reason. It also happened to be the same weekend I was coupe-sitting for my parents during their garage sale. Three coupes in my garage? Yes, please!

BMW M Coupes in the Driveway

Unfortunately the delivery occurred at 8:00 PM in the evening, and due to a miscommunication about the transportation company not accepting personal checks, the driver could not leave the keys with me until I could get a certified check or cash from the bank the next morning. My neighbors were probably wondering what I was doing on my driveway shining a flashlight into a car, the doors of which I could not open, but my curiosity was overwhelming. Up until that point, we had only some cell phone photos and its listing from 3 years ago. Would it really live up to our expectations?

This article got way too long, so I decided to split it into a multi-part series. Stay tuned for Part 2 tomorrow.

Market Update – October 4, 2013

October 4th, 2013 Comments off

This week’s overview of what’s happened in the M Coupe market.

Currently Listed: 44
S52: 33
S54: 11
Average Asking Price: $25,971.85
S52: $22,843.17
S54: $34,220.18

Most Popular Sales Listings

These are the cars that have been viewed most often this week:

2002 Steel Gray over Dark Gray in Philadelphia, PA

2002 Steel Gray over Dark Gray
Philadelphia, PA – $26,900

1999 Estoril Blue over Estoril Blue in Seattle, WA

1999 Estoril Blue over Estoril Blue
Seattle, WA – $8,600

1999 Alpine White over Dark Beige in Tulsa, OK

1999 Alpine White over Dark Beige
Tulsa, OK – $12,500

1999 Arctic Silver over Estoril Blue in Oahu, HI

1999 Arctic Silver over Estoril Blue
Oahu, HI – $18,999

Best Deals

These are what I think are the best deals still available that are not already on the most popular list.

1999 Arctic Silver over Dark Gray in Mount Prospect, IL

1999 Arctic Silver over Dark Gray
Mount Prospect, IL – $16,250

2001 Estoril Blue over Estoril Blue in Crystal City, VA

2001 Estoril Blue over Estoril Blue
Crystal City, VA – $27,999

2001 Black Sapphire over Dark Beige in Pewaukee, WI

2001 Black Sapphire over Dark Beige
Pewaukee, WI – $27,500

1999 Imola Red over Imola Red in Wake Forest, NC

1999 Imola Red over Imola Red
Wake Forest, NC- $18,500

Sold This Week

Here are the cars that appear to have gone to lucky new owners this week.

Categories: Market Updates Tags:

Market Update – September 27, 2013

September 28th, 2013 Comments off

This week’s overview of what’s happened in the M Coupe market.

Currently Listed: 46
S52: 35
S54: 11
Average Asking Price: $26,079.41
S52: $23,327.40
S54: $33,584.91

Most Popular Sales Listings

These are the cars that have been viewed most often this week:

2002 Steel Gray over Dark Gray in Philadelphia, PA

2002 Steel Gray over Dark Gray
Philadelphia, PA – $26,900

1999 Estoril Blue over Estoril Blue in Seattle, WA

1999 Estoril Blue over Estoril Blue
Seattle, WA – $12,211

2001 Estoril Blue over Estoril Blue in Crystal City, VA

2001 Estoril Blue over Estoril Blue
Crystal City, VA – $27,999

1999 Arctic Silver over Dark Gray in Mount Prospect, IL

1999 Arctic Silver over Dark Gray
Mount Prospect, IL – $16,250

Best Deals

These are what I think are the best deals still available that are not already on the most popular list.

2001 Black Sapphire over Dark Beige in Pewaukee, WI

2001 Black Sapphire over Dark Beige
Pewaukee, WI – $27,500

2001 Titanium Silver over Dark Gray in Summerlin, NV

2001 Titanium Silver over Dark Gray
Summerlin, NV – $31,000

1999 Cosmos Black over Dark Beige in Cornelius, OR

1999 Cosmos Black over Dark Beige
Cornelius, OR- $20,000

1999 Arctic Silver over Estoril Blue in Oahu, HI

1999 Arctic Silver over Estoril Blue
Oahu, HI- $18,999

Sold This Week

Here are the cars that appear to have gone to lucky new owners this week.

Categories: Market Updates Tags: