I have wanted an M3 sedan since they came out in 1997. Now that they are about ten years old, I am finally able to afford one. I have had mine now for a little over a year. It had 96000 on it, and now has 107000. It is still solid as a rock. I have driven it in high performance driving schools and autocross races. It is very quick and very stable, yet perfectly comfortable for everyday driving. The only complaints I have are the lack of steering wheel adjustments and a weak air conditioner. If you are sitting in traffic for more than a few minutes on an 85 degree+ day, it starts blowing hot air. Other than that the car is perfect. Most people are surprised when I tell them that it is a 1998.
Powerful I6 engine; comfortable, supportive seats; great, surefooted handling.
Stronger air conditioner, tilt/telescoping steering wheel.