I had both, 2x E46 M3 & now my E86 M and sometimes I kinda regret buying the M Coupe. I think I prefer the E46 M3 for the track. It's easier to drive, drift and push to the limit.
I think what I like the most about my M Coupe is the look/esthetic. Otherwise, I don't see advantage to track an M Coupe over an E46 M3. They are more expensive to buy and fix (body panel) and it's easier to fix big rubber on the E46 M3.
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