Like any car enthusiast, I often browse eBay Motors looking for the deal of a life time. A week ago I found it: Listed was a 1979 BMW 323i Race Car. The ad said it wasn't running, but had been on the race track last fall. I figured that was OK--I build BMW motors every day. Then I noticed the car was right here in Dallas, TX. I was getting excited. Now for the truly amazing part--the price: $500 USD!!! I called the seller every 30 minutes until I finally reached him. He told me the car was stored in a garage at Motorsports Ranch-Cresson (a road course track an hour away) and that someone was coming to look at the car tomorrow. He said I could look at it after the other potential buyer. I promptly informed him that I wouldn't need to see it, that I was ready to buy it. An hour later I had the title, log books, and service history and the seller had the cash.
Now as we were exchanging money and paperwork, he kept telling me not to expect much. That the car was extremely rough, noncompetitive in it's racing class, and not running. I expected the worst, but figured for 500 bucks I'd take the risk. He had an extra set of light weight wheels that I also bought for an additional $100. Two days later I picked up the car, brought it to the shop, and started going through it.
Here where it get's good...the details on the car:
- 1979 BMW 323i
- Rebuilt 2.5L M20 using E30 electronics with less than 1 hour of run time. (The head gasket failed during break-in November 2011)
- Rebuilt E30 Getrag 260 Transmission
- Rebuilt Driveshaft
- Full Cage legal for all US club racing (I don't like the front half of the cage, but I can easily replace it)
- Reinforced rear shock towers
- Custom radiator w/ built in oil cooler (the core is over 40mm thick!)
- Custom Gauge panel on a aluminum dash: Tach, Oil Pressure, Oil Temp, Water Temp, Voltage, and Wideband O2
- Window and center nets
- OMP Race Seat with 6 point harness
- Aluminum Passenger Seat with 5 point harness
- Fire Suppression System (covers the driver and engine bay)
- Custom Aluminum front air damn/splitter
- AP Racing Aluminum rear airfoil
- 25.8mm Front Sway Bar with Poly Bushings
- 19.6mm Adjustable Rear Sway Bar with Poly Bushings and Adjustable End Links
- Fiberglass Hood
- Lexan Windows
- 4.10 LSD
- 3.91 LSD
- Coilover Suspension Front and Rear (Height adjustable, no rebound or compression adjustments)
- Stock Brakes with good rotors and over 50% of race pads remaining
- Stainless Steel Brake Lines
- 8 - Kosei K1 Race Wheels (15x7 13lbs)
- Riveted on Fender Flares
- Removable Racing Steering Wheel
- Transponder (for timing and scoring)
- Painless Racing Wiring Harness
- Adjustable Camber Plates
- Front Strut Bar Brace
And now here's a few photos of the car. It needs a little bodywork, but it will make a fine race car!






My plans for the car:
I have a low hours 2.5L M20 race motor from one of my E30 race cars on a stand in my shop. I'm going to install that motor just to get the car running so I can begin using it for Track Days and Testing.
Next, I'm faced with making the car competitive in a racing series.
Motor
There are two series I'll compete in. The first will class the car by displacement and the second by weight/hp. The maximum displacement I can run in the class I prefer is 2980cc. That means I can either destroke a S50B30 or build a 2.98L M50. I'm going to go with the M50 because it is difficult and costly to get a S50B30 here in the states. To fit in the right Weight/Power class I'll need to de-tune the M50 or add ballast.
Wheels & Tires
To be competitive I need a little more rubber under the car than the 15x7 wheels will support. I will likely sell the 15x7 K1's and go with the Kosei K4 in 15x8 with 245/50R15 Hoosier R6 tires.
Suspension
There are lots of bushings that will need to be stiffened up. I will replace all factory rubber with poly bushings. The current coilover aren't very good, so I'll be replacing those with a set from GAZ Shocks. I need to get a set of 323i front struts to GAZ. Is there anyone in the UK that has an extra set they would sell to me and ship them to GAZ? I'd prefer not to send the already modified set that are on the car.
Brakes
With over 300hp, I will need a lot of stopping power. Any suggestions on upgrades for the 323i?
Other
The car will need a little work to the cage, chassis stiffening, body work, and paint. I may need modify the subframe to use an E30 differential. I may also need to use modified E30 half shafts.
Since I can do most of the work in house, I think my total cost for the entire project including the purchase of the car will be $7500 USD. That's cheap for a car that will be capable of embarrassing modern Porsche 911's on the track!
Thanks in advance for your suggestions and feedback!
BJ Meyer
Clown Shoe Motorsports