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I would believe the M3 will start at a price around 55-60K, making it roughly 10K more than the E46 M3.
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I pretty much agree with you here. My opinion is that the 70K will be for everything.
Going off your 55-60k starting price, you add some options, TTL, gas guzzler tax and I think the whole total will be close to 70K. There is no way the base price is 70K in my eyes though, just way too expensive, even for an M3.