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I've specialized in E46 M3 for the last 8 years, but in the last 3 years I've been involved in the BRZ/FRS market. I could tell you the inside and outs about the E46 M3, but there are a few rules with the M3 if that's what you want to buy. If you don't have extra $$ for maintenance, then go with the BRZ. E46 M3 is a great car but it is more difficult to maintain compared to the BRZ. There are very notable problems with the M3 as well, like subframe failures, motor failures in which there was a recall already (from 2001-2003). If you want an M3, then I would get 2003.5 and UP ONLY which were the cars not involved in the recall, I'd get a manual ONLY which is extremely difficult to find because it's very well noted that the SMG transmission is finicky which is run by hydraulics. M3 is a more powerful car for sure, but if you don't have extra cash for maintenance and all that, it could be a nightmare, or it could be the best car you've ever owned.
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