Used car buying guide: BMW M1

Much like the interior, its road manners were also a success. The M1 rode well on bumpy roads and its suspension set-up meant it was as planted as Westminster Abbey. Power was delivered smoothly through a five-speed dog-leg manual gearbox and the steering was communicative. 

And it did all this while wearing a frock to die for. With styling by Giorgetto Giugiaro, you immediately notice all the vents and aerodynamic Campagnolo wheels, which, combined with the orange or red paint, look beautiful – a far cry from the relatively staid interior.

The Italian connection made the design look more Milan than Munich, which was really no bad thing except it worried BMW. The solution? Fit two roundels to the boot so enamoured onlookers didn’t mistake it for a Lamborghini.

This wasn’t the only issue with the M1. Original cars, developed for racing, were plagued by engine issues and actually were more suited to life on the road than a track. It’s not the most economical car, either, and parts have to be specially ordered at great expense. 

The story of the M1 is remarkable – a car whose production life was so short-lived that many fail to remember it. Today, however, it’s a coveted machine, immortalised as a racer for the road. A very special used buy that, despite the price and lack of spare parts, would make the perfect pet cheetah.

What we said then

13 September 1980: “The M1 gives the driver an indefinable feeling of being at one with the machine. It was designed to have competition potential (which it clearly has). It happens to have also made a first class road car – possibly the best mid-engined car yet.”

An expert's view

Kevin Bird, Technical Director, Birds BMW: “It’s a BMW version of a Ferrari. With a bit of luck, you’ve got the reliability of a BMW, but the rest of it is like a Ferrari of that era. Having said that, the money that people are now paying for these cars is purely on the basis of investment, so make sure you know a detailed history of the car you’re buying.”

Buyer beware

General maintenance: No two M1s are the same, so ensure the car has a full service history from a specialist or approved dealership. Make sure you know the car’s history and if there are any faults with it. Cars like this can be difficult to repair because spare parts normally have to be custom-made.

Engine: Such is the fate of most M1s as collector’s items, many will not have accrued enough mileage over the years to develop common faults. However, it may have been sitting for a long time, so make sure the engine isn’t going to seize as soon as you try to fire it up.

Steering: This was BMW’s first rack-and-pinion steering set-up, so ensure the steering turns smoothly, especially at slower speeds. If not, it may not have been properly inspected.

Rust and rot: Since all M1s are now around 40 years old, ensure it doesn’t have rust or rot leaching into the wiring looms. Be extremely gentle when taking apart any fixtures and fittings, and ensure any replacement parts are specially ordered (see ‘Also worth knowing’).

Logo: Some owners have found the ‘M1’ logo on their car is wrong – the three ‘M’ stripes were disproportionate in width and there was no space between them and the ‘M’ logo itself. Verify with the dealership or previous owner that yours is the correct one.

Also worth knowing

BMW stopped manufacturing spares for the M1 in order to free up warehouse space, and many spares now have to be sourced from subcontractors in Germany or China. 

If you’re planning on driving your M1 every day, budget at least £5000 per year for maintenance and ensure a full set of diagnostic checks is completed. Some dealerships even recommend taking the car apart piece by piece, to make sure everything is as it should be.

How much to spend

£300,000-£499,000: Higher-mileage restored examples, normally with 50-100,000 miles, perhaps with added bodykits or spoilers. Prepare for incoming maintenance costs. 

£500,000-£600,000: Mileages from 4200 to 44,000, all restored examples with great variation in specs; some originals.