I would go with a 2007 automatic Z3, 4 door, FWD, from the dealership. You can find one for about $103,642. So it's still in your price range.
On a more serious note: Go with the 3 series, might want to go for the 4 door though, you may thank yourself when you have a little extra room in the back seats :-)
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The word 'politics' is derived from the word 'poly', meaning 'many', and the word 'ticks', meaning 'blood sucking parasites'.