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BMW makes a great sedan....
I have an '05 e46 M3 I special ordered new. I needed space for 3 kids in the rear seat, which precluded any thoughts of a 911 (similar performance and 20k less). My M3 compliments my old SC, but does not replace it. The SC has the charm & the "tinker need" that my M3 has yet to attain. This is hard for some people to understand. My wife told me - "I thought the SC was in good shape, why are you working on it all the time?" I wanted a vehicle to work on - the M3 has been bulletproof (knock on wood) for 5 years now.
My old SC is loved for what it is - a 60's sports car that has been constantly updated to keep pace with newer designs. I think that's part of the charm, all the archaic little design features (cable clutch, finicky gearbox, air cooling, plywood kick boards, etc..), and the nice build quality. Repair a few of the well know quirks of the SC/Carrera series, and you've got a solid "lifetime" heirloom.
I'd keep the 911 for occasional use and buy a more "beater" grade coupe/sedan for the day to day gruel. An old e46 330i (even M3's are becoming downright affordable), or even a GTI could be a cost effective and fun ride. Get collectors insurance on the 911 to save money, and pile the miles on a more plebeian ride.
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