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I love the E46 330i, I had one and it was fantastic - until the cooling system had a meltdown - but I would never buy a non-M for $30k, even if it is ZHP. While it may take longer and a bit more effort, you'd be much better off finding one from an owner and having leftover cash for any repairs, these cars sold in large numbers, there's still some out there in good condition.
Based on the BaT market listings too, the price is high for a coupe. The sedans sell at higher prices (likely because there was no M Sedan available).
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