e36 M3s are for the birds.
Just buy an e46 M3. 333hp, used around $30K-$35K for a decent one. We've got 3 used M3s. 2 SMG, and 1 manual.
2002 M3
Price: $35,990
Exterior Color: IMOLA RED
Interior Color: BLACK LEATHER
Miles: 39,447
Engine: 333 HP INLINE 6
Transmission: MANUAL 6SPD
Options: Manual, Moonroof, Leather, 19" Wheels, Titan Shadow Trim
Once you've driven an e46 M3 you won't go back.
If you want a better feel for the car, get the manual.
If you like to press buttons and flick your wrist, get the SMG.