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At $55k the 4-door M3 is a whole lot of car for the money, and gives a used E39 M5 (what were those new...$80k 5 years ago?) a run for its money...not to mention the C63, IS-F, and RS4. But a sports car it is not.
A bit OT, but e39 M5's are an absolute bargain these days. Readily available for < $40k, even those with extended warranties. Plenty of room, very comfortable, and handle amazing for a sedan. But my next car is a 997 and not another M.