Cannot argue with Dave 20-25k.....

Was offered a pretty good one with excellent history for 16k a couple of years ago....I should have taken it in hindsight, that era of m car is really heating up now with collectors.

I think the e36 M3 is lagging well behind it. My impression is that the e39 was never popular with less desirable owners, so they are generally in better nick. They are sensitive to mileage like all m cars, but buy on condition. Try avoid one thats been modified.