Given that money is tight (ish), if I were you I´d find an e36 328i Sport, fit the M50 inlet manifold / throttle body conversion (in this months edition of BMW Car if your curious) get it remapped and enjoy without the absurd parts & insurance costs that an M3 brings to the party.
As covered in the previous M3 thread - forget ideas of getting an e36 M3 for 5k and finding it anywhere near cheap to run.
As covered in the previous M3 thread - forget ideas of getting an e36 M3 for 5k and finding it anywhere near cheap to run.