I have a 1999 E36 M3 that I bought a little over a year ago. One or more of the several previous owners did some track mods: coilovers, OBDI intake, tighter steering rack. It's taken me some time to warm up to it, but now I love it. The engine has plenty of torque and will wind on out. I put a decent stereo in it, fixed a few broken electronics, had a dent fixed, and drive it. Love the functioning A/C.
I need to get some new tires and brakes on it and then take to the track.