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The 996 turbo won't depreciate anywhere near as quickly as the M3, however a lot of that saving will go in servicing and maintenance costs, hence financially there is pretty much no difference.
So it pretty much comes down to which car you prefer more.
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Current: BMW G20 M340xi Sapphire Black
Previous:
BMW G30 530E Carbon Black M Sport
BMW E46 325Ci M Clubsport Carbon Black
BMW E36 318i Alpine White M Sport
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