Since your looking at both, the cost difference must not be a factor. As for the car hands down I'd go with the e46. Mileage and maintenance. I'm partial to the e46 though having owned 4 different models in the past, my 330i ZHP was my first, wish I had kept it. I still have my '01 Z3 3.0 roadster - it's a keeper, but if I were looking for that additional car to be a DD, between the Z3 and the e46 again here I would choose the e46.
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