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Great birthday present. And trust me, I am not one for buying a 16 year old a high performance car, even though my older brother had a Porsche 928 as a DD (1984 so the power level was relatively low by contemporary standards). Just don't take it for granted, because there are many of us who cannot afford an M3 and we have been working for a long time, or other financial responsibilities that make it impossible.
Hopefully your parents know that this car (like any other high-performance car) is a trouble magnet for people at a young age, and they know that their son isn't going to drive w/ reckless abandon. But from your opening post, it sounds like you have your head tightly screwed in.
NEVER, NEVER brag about your age or your finances (or your parents') because people hate tools more than anything else. You may hate the way us older people are saying things like this, but a very humble attitude about your car and wealth will get you far in life.
PS: Hell if I were you I would be happy as hell too; enjoy
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