i have about 6500 saved up and im driving around my parents old volvo which blows.
I have been driving around my parents volvo which blows. I have about 6500 saved up and have seen 95 m3s for around 7000
and 95 328i for around 6000

i would normally say the M3 but considering the year and price it probably was used for murder, has 200,000+ miles, or has major mechanical errors. the 328i is just as good if you feel like installing a turbo kit

Lol, if you find a 7000 M3 be prepared to put 7,000 more in it
The 328 is underrated and is a great car and seems more in your price range.

You're 16, and have 6500 saved up? Dude, that's major cash for someone your age. Forget about a BMW. Here's what you do. You have a car already. Sure, it's a grandma car,and it sucks, but whatever. Pay your dues. Work hard. Invest that money now. Be smart with it and watch it grow. In ten years, guess what you'll be driving? How bout a 911? How bout an escalade? How bout a brand new m3? Ten years sounds like a long time, but how many 26 year olds do you see who own cars like these all by themselves? Not many, and how many high schoolers do you see rolling in $7k cars? LOTS. And many of them will do it for the rest of their lives. I'm all about BMW's. I own 2, an e36, and e46 m3, so i'm not hating, i'm just saying wait a bit, and you can have something much better.