Many possibilities...
Untuned, dead clutch, dad driving his son's car, motor in bad shape, or ebay turbo setup.
I've ridden in some nicely tuned turbo e46 M3s and they pull a lot harder at freeway speeds than my current M3. If they handled as well as any of its other brothers, i.e. e30, e36, or e9X; I'd consider an FI'd e46. They have the aesthetics going for them.
Allen
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2021 ZR2 Airborne certified
2019 GTS PCCB 5x130 Slick
2016 Agate Grey GT4 PCCB LWB
2013 HP4 Competition
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