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It's all relative. The E46 M3 is fast, at least by the standards of today's current cars. I would venture a guess that it's up around the 95th percentile compared with what's out there. Costwise, generally speaking, you have to spend more to go much faster. Exceptions that come to mind are the WRX STI, the EVO, Mustang Cobra, and of course Corvette. Then again, like you mention, it's not svelte lightweight that can be tossed around without feeling its bulk. Somedays when I punch the loud pedal, the car feels really fast, at other times I wish for more. Overall, going on two years of ownership, I'm still happy with the car. 95% total performance "package" that can still carry four passengers and their stuff, I'd say the Audi S4 is the closest competitor in spirit.
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