Nice first car...I was looking for a 3.16 too some months before,but i ended up with a M!0 3.18i (nothing too fast,but there are 15bhp more which is adequate i d say for a first time rWD car).Knowing what I know now,I would not buy anything but a 16v (M40) for its power,even though reliability is the same as always:first class! Well,enjoy your ride and be sure your tyre pressures are normal-it does affect the ride and handling a LOT !
A3TeRnuS