GT|Motion, I don't think you can go wrong with any model year V. Having a factory bumper-to-bumper warranty has definitely helped me from not hating this car. It seems the early model year cars have more problems - differential, navigation buttons, motormounts, headlamps, transmission. I have had about $5000 worth of warranty work done to my car. I'm glad I had stuck to my purchase plan of requiring a factory warranty. Overall, this car is a blast to drive and looks great. With a kid on the way, this car fits the bill perfectly.
Nice M3. Just yesterday, I got back from Watkins Glen hanging out with friends that are in the DelVal BMW club. (Former member myself driving a Ford.) For a while, I have been wanting to get an E30 or E36 BMW for the track but these plans have been put on hold since being laid off. Your E36 M3 will make a great track car for you. Off the track the V would be great too. A friend of mine who is an instructor owns an '08 M3 (E90) gave me a ride around The Glen. I wish that never happend!! Yes that E90 car is so much more technologically advanced but having been in other E30/E36's in the past with just suspension work is flat out amazing. I would love to take the V on the track but with my current circumstance that would be foolish. One of these days I'll get that track car and the V will be for work.