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For my money the e46 M3 is the best car BMW has ever made, and one of the best cars of the 21st century. Incredible engine, beautiful and ageless body style, and practical for most day-to-day needs.
That said, the e46 isn't getting any newer, and the e92 is in a whole new league performance-wise.
Apologies if this has already been asked in the thread, but why not an e92 335i? I am biased because I own a 2009, but it's around the same as the e46 m3 in terms of straight-line performance, and cost of ownership should be a bit lower than with an M3 (of any gen). You also get the more modern styling... Not to mention the fact that $5k in simple ecu and bolt-on mods will put you in the 450bhp range.
I recently bought my '09 335 coupe -- local, no accidents, 6spd, 62,000kms -- for $22k. Definitely better value than an e46 m3 IMO, as long as you don't mind going forced induction (and the lag is almost imperceptible, at least in the twin turbo N54).
I actually personally prefer FI for a daily driver, since you can use the power more often (and without waking up every one in the neighbourhood revving to 8500rpm).
Last edited by Amaru; 01-31-2015 at 05:56 PM.
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