BMW M3 Gets Priced Under $60,000

January 17, 2008

You might have missed it in the hoopla surrounding the Detroit auto show--and for some reason, we were focused more on the M3 Convertible pictures that made their way public this week. But at the Detroit show earlier this week, BMW announced the prices for the new M3 coupe and sedan, which go on sale in March.

BMW says the two versions will carry price tags substantially below $60,000, less than our estimated price from our early M3 test drive last year. When it arrives in showrooms, the Coupe will be priced from $57,275; the sedan starts lower, at $54,575.

Both versions sport BMW’s lasciviously powerful, 414-hp 4.0-liter V-8 and a six-speed manual transmission. The user-programmable “MDrive” feature allows owners to choose suspension, steering and throttle settings, while the cabin sports a version of BMW’s iDrive infotainment controller and lots, lots of leather trim.

With the V-8 power, the M3 claws away at the pavement until it reaches 60 mph in about 4.8 seconds. By custom it’s limited to a top speed of 155 mph.

BMW sold its first M3 Stateside in 1987 and since then, the M two-door has been joined by the four-door and convertible versions.

Stay tuned this spring as TheCarConnection.com brings you more news on the M3 Convertible and with any luck, gets behind the wheel before this winter drives us stir crazy.

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