E46 M3 is a great machine, but for a fun weekend car with noise akin to a triple stack of ecstacy, it'd have to be an E93. That V8.. my goodness.
If you do go for an E46, make sure it's a 6MT, has had the subframe reinforced, and everything else. I can't remember from the top of my head everything that went wrong with my old E46 M3, but there is a pretty long list; that and the glorious V8 soundtrack of the E93 is a reason to get the E93. AFAIK, there are minimal issues with the E93 in comparison to the E46.
Can't go wrong either way. Good luck!
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