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At $8,450, Does This Hard-Topped 1997 BMW Z3 2.8 Drive a Hard Bargain?

Nice Price or No Dice 1997 BMW Z3
Nice Price or No Dice 1997 BMW Z3

To be clear, today’s Nice Price or No Dice Z3 is not a Miata, which, as we all know, is always the answer. That being said, some buyers may be asking a different question. Let’s figure out what this answer should appropriately cost.

While prolific over his short career, folk singer Jim Croce remarkably had only one song hit number one on the Billboard charts. That was Time in a Bottle and sadly, it didn’t reach the chart-topping position until after Croce’s untimely death in an airplane crash.

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Some might say that the 1967 Jaguar 420 saloon we looked at on Friday also captured time in a bottle. After all, its ad did describe it as a “time capsule.” It also pretty much topped our charts, earning kudos in the comments, and its $17,450 asking price achieving a solid 88 percent Nice Price win.

Photo:  Craigslist
Photo: Craigslist

The 1997 BMW Z3 2.8 we’re beginning the week with today isn’t quite so much a time capsule, although it does look pretty nice for its age. Moreso, however, it’s more of a throwback. That is, it represents a kind of car—the small two-seat open-top sports car—that, to a certain extent, had fallen out of fashion beginning two decades before the Z3’s launch.

The catalyst for BMW’s surprising entry into this niche was Mazda’s introduction just a few years earlier of the MX-5 Miata. That roadster set the world on fire and seeing the little Mazda’s success in both sales and the motoring press, BMW’s bean counters said “we gotta get us some of that.” Of course, I’m paraphrasing. And naturally, they said it in German.

Photo:  Craigslist
Photo: Craigslist

The Z3 proved a reasonably successful hit for BMW, enough so that the model line earned an M version, a weird coupe edition, and, eventually, a successor in the multi-generational Z4.

This one comes in Bright Red over a black interior with faux wood trim to fancy it up. It also offers four-season motoring as it comes with the optional detachable hardtop roof.

Photo:  Craigslist
Photo: Craigslist

Like last week’s Viper, this BMW is said to have come from a collection, and as such it’s only done 84,000 miles since new. It rolls on brand-new tires mounted to factory Style 18 alloys. Nicely, those wheels still have their full roundels on the center caps. The one on the clamshell hood, however, has seen one too many car washes.

The paint looks to be in excellent shape despite that, as do the lenses for the headlamps, which can be a pain point on these cars. One thing to note; the dealer selling the car does not show the convertible top, nor does it mention its condition. No one should buy this car without first popping the hard top off and giving the soft top an erection or two.