You are definitely playing against big odds at 16...
It's an unusual situation - to do the responsible thing, you must not speed. But in that case, why get an M3? And if you do speed, you probably will do it in the least safe manner because you don't know how to do it any other way.
It's not the $ amount that raises my eyebrows, just the memory of past deeds...
In other words, I wish a ton of good luck to you, OP...