1990s / 2000s / BMW / Future classic / German

Is the BMW Z3 Roadster a future classic?

bmw-z3-9For several decades, Mercedes-Benz was the only German luxury car company that offered a regular-production convertible. BMW fired first when it launched the ragtop version of the E30 3-Series and the Z1 convertible in 1987, and Audi quickly joined the party with a topless four-seater dubbed simply Cabriolet in 1991.

The Z1 was a rolling display of BMW’s technological might and limited to just 8,000 examples. The E30 Cabriolet was popular among buyers and powerful when fitted with BMW’s sumptuous straight-six, but non-M3 models were undeniably more touring cars than sports cars.

BMW finally launched a sporty, mass-produced roadster in 1995. Called Z3 in order to create a connection with the earlier Z1, it rode on the same platform as the E36 Compact but it wore a more fluid design penned by Japanese designer Joji Nagashima and the two shared no styling cues.

The Z3 was assembled in South Carolina, earning it the honor of being the first in a long line of BMWs built in the United States. The public’s initial reaction was less than stellar: The build quality was not up to par and the 138-horsepower 1.9-liter four-cylinder was not powerful enough. Shortly after its launch, the car appeared in a James Bond movie and sale sky-rocketed in spite of the aforementioned drawbacks, giving BMW time to iron out the kinks.

The quality issues were remedied and the car was offered with an all-aluminum 3.0-liter straight-six rated at 189 horsepower, drawing customers back into showrooms and away from the then-new Mercedes-Benz SLK.

Over its production run, the Z3 was offered with a wide array of four- and six-cylinder engines ranging from a 115-horsepower 1.8-liter four offered only in Europe to a 3.0-liter straight-six rated at 231 ponies. A 325-horsepower 3.2-liter inline-six powered the last M-badged roadsters, marking the Z3’s final evolution.

A shooting brake called simply Z3 Coupé was added to the lineup in 1999 but that’s a different story for a different time. Z3 production ended in 2002 after receiving several minor facelifts and it was replaced by the E85 Z4 a year later.
A look in the classifieds reveals that some of the early Z3s trade hands for less than $5,000. As values drop, many examples get unjustly abused or are fitted with grotesque aesthetic modifications such as fake hood scoops, massive bumpers and an impossibly low suspension.

Will collectors turn their attention towards non-M examples of the BMW Z3 Roadster, or will they gravitate towards other convertibles from Japan, Germany and Italy?

12 thoughts on “Is the BMW Z3 Roadster a future classic?

  1. Just one very short story: During 1995 I worked for about 6 weeks for BMW in their Harting (Regensburg) plant – I studied back then and needed the money. 🙂 I remember distinctly that someone there told me that US built Z3s were brought to Harting for quality control… So there you go, a short story. 🙂

      • As far as I remember, the early Z3s came to Regensburg, and only if they passed QC they were shipped afterwards to dealers/customers – my memory is however murky if this was the case only for Z3s destined for Germany, or for the entire Europe (but I suspect the later). For a short initial period every Z3 (at least those destined for Germany) passed through Regensburg.

        This probably didn’t cost that much: probably they used “empty return capacity” to transport the Z3s from the port to Regensburg via rail or road – and then they had on average only somewhat longer transport route to the dealers/customer.

        They made a big push to improve quality in their US factory, and some Regensburg workers were even send there for a couple of weeks. How big the quality problems were, I don’t know. I guess a little bit of real problems, and a little bit of BMW HQ being freaked out at the prospect of having this important model being label “bad quality” – AFAIK they got quality into acceptable levels (acceptable for HQ) within a short time.

  2. Had to vote no, and I own one. I doubt prices for clean examples will go much lower as there are just too many clean examples out there. People bought these as seasonal cars, and leave them at vacation homes 10 months out of the year (I drive mine 10 months out of the year). I do, however, doubt prices will go much lower on them, especially the 6 cyl models. Those will always be in demand, but as I said, supply will be there for a long time to pick up the slack.

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  5. Prices are now starting to climb for the 2.8, 3.0l & Z3m models particularly low mileage examples. Beautiful engines, good corrosion protection and much less cost of maintenance as compared to e.g. a Boxter. They are becoming in short supply and prices should easily climb above the £10k mark for the best examples.

  6. Prices for the I-L 6 cylinder models are now rising year on year and a few wide bodied 2.8L models have fetched in excess of £10k. I think they are currently an excellent investment. They are reliable, a piece of art and great fun to drive. Boxters on the other hand cost thousands of pounds when they go wrong and the regularly do.

  7. I think the 2.8 and 3.0 versions will rise in value over time, l have owned both and they are superb cars for the money.
    They are really well made and easy to work on.
    Maybe the last BMW you can realistically service yourself.
    The “M Sport” version which has the uprated suspension and seats like the “M” is more sports car than GT, if that’s what you prefer.
    Sure, it will never be a Ferrari, but it might be an alternative to a TVR or Porsche.

  8. I feel that the reliability and classic shape of the BMW Z3.Plus the fact it had a cameo in the James Bond Goldeneye movie will certainly help it towards classic car status especially the Atlanta Blue with the leather trim and the five spoke alloys off the movie after all many Bond cars have gone on to appreciate in value over time and if you can’t afford a DB5 you may be able to grab a slice of Bond Car action for a fraction.

  9. the z3 is vastly underrated by most, but they have got a lot going for them, buy one while you can enjoy it for reasonable money, before they do become sort after

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