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November 1st 2019 Update – While updating our database, we confirmed this car has been sold. Thanks for looking!
We came across this rare Silver over Burgundy and Black leather 1999 BMW Z3 2.8 Coupe on Craigslist in Clifton Park, New Jersey where the private seller is asking $19,700 for. Using the Hagerty Insurance Online Valuation Tool as a guide, the private seller currently has their “Clown Shoe” priced $2,700 higher than the #2 “Excellent” estimate of $17,000.
BMW’s second generation Z3 roadster entered production in 1995 and was the first BMW produced outside of Germany in the company’s then-new Spartanburg, South Carolina production plant. Unlike the company’s original Z1 roadster, which never sold in the US due to its innovative “dropping door” design, BMW based the Z3 on a shortened version of the 3-series’ excellent E36 chassis that used the rear semi-trailing arm suspension of the older E30 chassis.
While the roadster is great handling car, a group of engineers at BMW felt a stiffened version might make an excellent track day weapon. Consequently, this group went rogue and developed coupé model outside of work in their own time. The Z3 Coupé shares the same platform and parts with the roadster, but features a chassis-stiffening hatch area and is 2.7 times stiffer in comparison. Unveiled at the 1997 Frankfurt Auto Show, Coupé models entered production in September 1998 with its controversial Shooting Brake design, which quickly received the name “clown shoe”and “bread van” by critics. At time the polarizing design limited sales to less than 8,000 however in recent years these models gained an almost cult-like following as once inside the car, drivers find they are incredible handling sports coupes.
The seller provides a very brief description simply saying that his “iconic BMW Z3 hardtop Coupe is in amazing condition” that has always been stored in a heated garage. With only 47,000 original miles, this 2.8 Clown Shoe is equipped with a five-speed manual and sun roof. These love-it-or-hate-it Z3 hardtops gained a cult-like following over past several years and prices rose to reflect that. You will attract attention at every Cars & Coffee or RADwood event you drive it to, so good luck with the purchase!
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