Faults:

Usually things for a performance car, but nothing monumental. Timing valve; oil leak.

General Comments:

Amazing handling, acceleration... all of it! I loved this car.

Because of the miles I purchased a 335i Twin Turbo. Really nice... but there is something about a M3 you just cannot shake.

Faults:

Camshaft position sensor on exhaust cam went bad on my drive home from the dealer. Replaced under warranty.

Alternator gave up a few weeks later at around 45k miles. Replaced under warranty.

Rear Trailing Arm Bushings have become soft and made for unpredictable handling when accelerating hard out of a corner. Will need replacing soon.

General Comments:

After reading and researching the E46 M3 for a very long time, I finally found one that was in excellent condition, in the right color (Imola Red) and the right price. I flew out to buy it, and while driving the 600 miles home, I discovered that all the hype surrounding this legendary automobile was spot on. It is exactly what they say it is - an incredible well-balanced racing machine that is perfectly suited to highways, mountain roads and the race track all the same.

The engine is the perfect place to start, since it set the benchmark for so many years. Inline sixes are infamous for revving smoothly to high speeds, and this is no exception. Power delivery really comes on at around 3k-4k rpm and pulls consistently and powerfully all the way to its 333hp rating at a screaming 8,200rpm. I was disappointed to find out the car had adjustable lifters that required adjustment every 50k miles or so, but I supposed this is a price to pay for this type of performance.

The handling is what makes this car what it is, though. if I wanted brutal acceleration, I would have gotten my third American Muscle car. Instead, I'm enjoying the confidence that the M3's suspension and electronics instil. OK, I'll admit it - they make me look a LOT better than I am, the DSC kicking in at opportune moments to rescue me from a certain spin. I've never driven a car that simply seems to go where you tell it to.

The interior is wonderful. I was pleasantly surprised at the comfort and noise level, particularly considering I went with the convertible. The instrumentation seems a bit dated, considering the artful dashboards that Acura seems to be crafting these days. But I don't find myself staring at the gauges much! My eyes are riveted to the road as the car sucks up the pavement, mile after mile.

The convertible top works nicely. No complaints there. Only minor squeaks and rattles, which I suppose should be expected on a 6 year old car.

Faults:

The fuel guage sensor failed at about 32000 km. causing the fuel gauge to register 1/4 tank when I was actually out of gas. I called BMW Canada's toll free number on my cel phone. They sent a flatbed truck within 45 minutes, drove me to the dealer where they set me up with a loaner. Bad situation made good.

General Comments:

It took me a at least the first 5000 km to really understand the power, braking and handling under my control. I started out driving it like my previous 3 series, but with the occaisional squirt of hard cornering or acceleration. The turning point was the BMW Performance/ Safety driving course that my wife and I took. Serious grin factor from that moment on, though clearly we had both loved the car prior to that.

We both find the 6 speed gearboxhas a notch from 1 to 2 unless you adopt a a more aggressive acceleration approach. Who wouldn't, with 333 horses at your command.

I agree with others here that the Dynamic Stability Control saves you a little too early, but once I felt comfortable, the dash button allows traction control defeat for serious tail wagging and yet still saves me from myself in the wet.

The Sport setting instantly transforms this sleeper into a snarling beast, apparently remapping the computer for spirited driving.

Of course, the big brakes and surefooted handling are always there, whether ambling to the grocery store or screaming through hairpin turns.