If you want a real M car, save up and get the M3. BTW, it's 1M. The M1 is a TOTALLY different car...
2008 E92 M3 6MT, AW/Blk Ext., brushed aluminum
2006 E46 M3 ZCP 6MT Carbon blk/blk(sold)
2001 E46 325Xi 5MT Jet Blk/Blk (sold)