the 1st bimmer m3 V8....

...no, it isn't the E90 M3...it was actually the E46 M3 GTR...this was a series of 10 built just for homologation purposes to enable the GTR to be used to compete in its class at Le Mans...and at the cost of EUR250,000....no wonder...apparently there are only 2 left...1 somewhere in the middle east in some rich fella's collection and the other in the official BMW museum...

taken from Wiki
As a special and rarely designed car, the BMW M3 GTR V8 special, has extreme acceleration and as well as almost unlimited top speed making it the fastest car in the game at over 200 mph.

An E46 GTR came to life on February 2001, powered by a 4000 cm³ V8 producing over 450 bhp also having the 4x4 steering. Unlike the straight-six powered M3 versions, which were outpaced by the Porsche 996 GT3, the racing version of the E46 M3 GTR V8 was very successful in the American Le Mans Series (ALMS), entered by Schnitzer Motorsport.

Rivals such as Porsche pointed out that this car was more of a prototype as no V8 engine was available in the roadgoing BMW E46, which is violation of the spirit of Gran Turismo. In 2001, ALMS regulations stated that cars must be for sale on two continents within twelve months of the rules being issued. To fullfill this rule, BMW put 10 GTRs on sale after the 2001 season, for over 250,000 euros (then $218,000) each, allegedly only available for select customers.

Due to this, the ALMS rules were altered for 2002 to state that 100 cars and 1000 engines must be built for the car to qualify without penalties. Although BMW could have raced the V8 with the new weight and power penalties under these new regulations, they chose to pull out of the ALMS, effectively ending the shortlived M3 GTR's career.

Engine Type: V8
Displacement cu in (cc): 244 (3997)
Power bhp (kW) at RPM: 350(258) / 7250
Torque lb-ft (Nm) at RPM: 270(365) / 5000
Redline at RPM: n.a.
Brakes F/R: ABS, vented disc/vented disc
Tires F-R: 225/40 R19 - 255/35 R19
Driveline: Rear Wheel Drive
Exterior Dimensions & Weight
Length × Width × Height in: 181 × 70 × 53
Weight lb (kg): 2976 (1350)
Performance
Acceleration 0-62 mph s: n.a.
Top Speed mph (km/h): 155 (250)
Fuel Economy EPA city/highway mpg (l/100 km): n.a.

check out the GTR Works team in action in the vid below...holy sheeet!