$3,700? Are you serious? I mean the car looks cool, but a 20 year old car is a 20 year old car, and IMO that is high.
That is pretty slick. I'd be willing to pay almost that price for something that had an engine swap.
M3 rolling chassis ($8-10k)I dont know about the M3's, but the 325i models can be had for less than 5k all day long. Around here (midwest) when I look for a few on mostly ebay one day I saw about $3000 (on the high side) would get you a sold car with pretty good miles for the year (100k and up, for sure. but hey, thats still a low mileage car in most peoples opinion of an older car)