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Originally Posted by 86Zed
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I have a 2006 Interlagos Blue Z4 M Roadster, also with extended leather and carbon leather trim, probably the best combination of colors and options available for this model! I bought it used in 2012, a year after my wife bought our first BMW, a 2011 335is Coupe, selling my 2000 S2000, a car which I swore I would never sell. Now that honor goes to the Z4M which I plan to always have in my stable.
I have to ask where you got the HP rating of 338 though. The Z4 M, Roadster or Coupe, is rated at 330 HP. The identical S54 engine in the E46 M3 is rated at 333 HP, due to the shorter exhaust system in the Z4 M.
To answer some previous questions about the difference between model years, in 2007 TPMS was added as already indicated but also an AUX jack under the HVAC center stack (which can easily be retrofit to the 2006, which I did). Other than that, the three model years are identical. In an ideal world, I would own an Imola Red Roadster and an Interlagos Blue Coupe.
Instead, I added a Sakhir Orange M4 Coupe to the stable last year. Now I have my own track car and don't have to share the 335is with my wife anymore. The Z4 M has regrettably never seen track use, something about roadsters needing full roll cages or some such thing.
Driving the 2006 Z4 M Roadster back-to-back with the 2016 M4 Coupe certainly shows the difference that 10 years makes in automotive technology. I love them both though, and their differences only make each one more desireable on its own merits.