I have been driving my M3 sedan in metro Boston for the past three winters. Really only two since we didn't get any snow this past year. I think either car with snow tires would be fine. I think the E92 is a better all around functional car. It has a real trunk and hopefully your have the fold down rear seats for hauling larger things.
Personally I think a rear wheel drive car is more fun and more predictable in the snow.
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