Join Date: Oct 2008
Location: Michigan (Northern Midwest U.S.)
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They are very different cars. Not the same motor. If you want an M3, and you have the cash, buy one. Buying a 328 and modding it to make it more like an M3 would cost even more than buying an M3.
A '98 328 can be bought in good condition for 4grand, which is what I paid for mine. No 328s came stock with LSD, so that has to be swapped out.
A 328 is very easy to live with, and costs less to maintain than an M3. But I hear the M3s are lots of fun, so if you do your own work or have deep pockets, go for it! : )