I've got a pretty hard choice... I sold my M3 with the idea of buying and E36 325i as a track car and eventual club racer. In my search, I found a 1991 E30 to drive around while I searched for an E36 candidate. I then found a 1995 325i that is a great candidate, and bought it also.

I now have the two cars and can't decide which way to go: Which car would you drive as a daily driver and which car would you track out and eventually build out as a club racer??? E30 or E36??? What would you do and why?

1991 Laguna Green / Black E30
http://www.kchildre.com/photogallery/photo19731/passside.jpg

1995 Black / Black E36
http://www.kchildre.com/photogallery/photo041/124_2401.jpg

k prepared e30s on clubracing page go for 7k to 8k. one was with a trailer I think. It is always cheaper to buy someone elses already done car. I have gone the way you are talking about with my 92 325i and I have yet to put the cage in it and I could buy a finnished car in about the state of tune mine is for 12-15k. Which is less than I have in mine and I have done all of my own work. If I had paid for the stuff to be done forget about it. On a budget? sell the E36 and go to schools in the E30 with good but stock suspension and street tires. You will learn to drive it and when you are ready sell the stock car and buy a finished racecar. That is what makes economic sense. Plus if the stock E30 is nice you get to preserve a dwindling supply of nice streetable E30s. If you have a little more dough then do the same with the E36. Plus the E36 would allow a bolt in of an M motor down the line and running I prepared which I believe is the fastest growing class in club racing right now. Just my 2 cents.