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I've been having very similiar thoughts of switching to a 981(likely the turbo 4 next year).
An M2 and a base cayman will be essentially the same price. Despite the plethora of options, all you really need in a cayman is the sport suspension, so 53-55k. Same price bracket as the M2.
The downside is the euro delivery. Porsche bakes in a 3k charge at the dealer that you'll ultimately be paying, and you need to put up a 19% VAT until the car is back in the states.
M2 will be a more "special" vehicle and will turn more heads than a base cayman, but it won't touch the cayman in handling or balance.
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