Gor134
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I almost impulse purchased an E46 M3 Convertible 6MT in "decent condition" to replace my 440. Those German cars certainly aren't the best made. One of the kidney grilles fell out and the interior was creaking constantly. But it was the best driving car I've ever driven period. Those old school mechanical feels are something you can't get on a modern car. It's pretty slow by modern standards (way slower than my 440 and only comparable to an IS350 at most) but the fun cannot be compared. It's sad how the M3 became a hideous spec sheet maximizer with zero relatable experience to the old spirit M3.
So far I have sampled a few performance sedans from all brands and the GS-F is by far the best modern option. None of them are close to the E46 in terms of feel. The Lexus V8 does have better sound and way more power. It just lacks a manual transmission.
My ranking so far is E46 M3>GS-F>CT4-V Blackwing>F80 M3>G20 M340>IS500>S5>RS3>Stinger GT>C43>F90 M5. I will be trying the E92 M3 later and hopefully an IS-F could appear in my area.
DEFINITELY try the E92 M3, and have you tried the Chevy SS? I think neither would disappoint you.. the E9x M3 paired the modern styling with the old school NA experience and great hydraulic steering of the old (extra points if you get a "single hump" interior without idrive), while the Chevy SS was regarded by many as a modern E39 M5 in it's greatness. (I have not driven an SS).
E92 M3 is currently one of my dream cars, and having driven an '11 IS F I would definitely say the E92 is a better experience, with the IS-F having a very addicting induction noises....
For me.. I want to own all four of what I consider the "holy quartet" of V8 sport exec sedans/coupes... B8.5 RS 5 with the RS 4.2 engine, C63 W204 with the M156 engine, E92 M3 with it's S65, and the IS F with it's 2UR.