I've often said that BMW's E36 generation M3 offers about the best bang for your buck in a performance sedan, and I'm going to say it again because I enjoy repetition as much as a woodpecker enjoys pecking wood. It is also important to say this because someday the E36 M3 could go the way of the E30 M3 and soon offer one of the worst bang for your bucks. If you are going to invest in an E36 M3, get the best one you can find...like this one with less than 50k miles on the clock. Find this 1997 BMW M3 E36 here on eBay currently bidding for $15,900 reserve-not-met with less than one day to go.
The E36 may have a fabulous chassis powered by a decent engine, but it
is filled with a lackluster interior and maintenance is expensive.
Regardless, it is by and far the cheapest way to wear the coveted ///M
The '98 M3 is powered by the S50B32 inline-6 that displaces 3.2 liters
and puts out 240 horsepower and 240 ft-lbs of torque. You might be
tempted to step into an E46 330 that puts out similar power, but you'll
miss the limited slip out back and E36's fantastic steering feel. Even
the E92 335i is no match for the M3 once the road gets twisty.
See another white M3 with a big wing that isn't ludicrously overpriced? email@example.com