The car that BMW ended up making was a 2,866 lbs, two door sports car with a 3.5 L straight six that produced 273 hp. It could reach 162 mph, which was quite speedy in 1978. Turbocharged racing versions had upwards of 850 hp, whoa. Mated to that straight six was a proper 5-speed manual gearbox, this car just keeps getting better.
However there are two problems with it. First, there where only 456 units made plus seven prototypes making it one of BMW's rarest cars. Also production for the M1 was halted in 1981 meaning that finding one is probably impossible. However if you do manage to find one, it would cost upwards of $150,000. Or if you would rather take a ride in a DeLorean back to 1978 it would cost $115,00 or $416,774.46 in 2014 money.
If you put those problems aside, this is a beautiful car. The interior may not be pretty or high-tech, but it is a super car so who cares. The exterior is sleek and very modern, specially for 1978. There is a lot of modern BMW in this car. If I could choose a car that I have done in the past couple of months to be able to have to look and drive, this would deffently be in the top five.
(And no, red was not the only color it came in.)
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