Great write up on the comparison of the three cars. I'm in the same boat well except for the e36 M. I just drove the m235i and last week drove the 228i I too was shocked at the performance of the 228i. I am as well still contemplating on which vehicle to get, but as you mentioned with piggy back the 228i will be just a blast to drive as if it were a m235i.
Only downside is by the time I'm done optioning my 228i I'm basically at a bare bone m235i which is what I want.
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