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If you buy an M3 your not expecting reliabilty you expect power, power and more power. IMO
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I know that an M Series BMW is going to be more intensive on maintenance than a standard Bimmer. That said, engine failures shouldn't be happening at this low of a mileage.
Looks like the most reliable supercars out there in terms of engine durability are the 500E and the E55. But then, we all knew that here, of course.
-Sam