In 1999 they launched the 1.8l with 114 bhp and the 2.0l with 148bhp. The 2.8 got an extra 1bhp. Then in 2000 they brought out an updated 1.9 with 117bhp, a 2.2 with 168bhp and the 3.0l i with 228bhp. Basically they got worse unless you could spend the money on the bigger engine sizes.
The z3 has probably hit the bottom of its depreciation curve though and nicer examples are getting more expensive in recent years. The nicest z3 (m-coupe with the s54 engine) is going for upwards of $50k in nice condition/low miles.

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It currently carries a condition #2 (Excellent) value of $24,000, but a 2.8-liter coupe is considerably cheaper with a #2 value of $17,000. "The 3.0L M54 engine is probably the best car for the money of all the Z3s, including the M versions," says Adam Wilcox, Hagerty information analyst. The Z3 is easily one of the most affordable ways to get into BMW ownership. The M versions are the most desirable ones, but also the most expensive. You'll be lucky to find a decent one of those for less than $50,000. Luckily, the regular Z3 is much more affordably priced. • Intro Why am I selling my BMW Z3? What I love and hate about my Z3 2.2 roadster. Fast and Fun 3.69K subscribers Subscribe 9.2K views 1 year ago After 6 months ownership it's time to say 5ZMI. 297 32 131 432 22 140 403 380 231

why are bmw z3 so cheap