M52 with a M50 inlet manifold wont make 220. ( also thats a flywheel figure now wheels )
having said that i had a 1992/93 325 coupe with mtec kit, alpina reps. looked the nuts, sounded awesome and went well. not bad for £300...
sorry mate, i know someone with 328i with 325 inlet manifold and it did make 220, the 328 manifold is very restrictive

http://www.pistonheads.com/sales/2771409.htm
fits your budget, ugly as sin but rapid in a straight line (not sure if this one is auto)
please remember i am 20 - not 50

I have a job interview on wednesday, so i will wait and see the outcome so have a larger budget to play with, seriously considering the GT4 now, only if i get the pay rise from the job, otherwise i think it will be the BMW i will go for... however, for people that think the C70 is a barge, please do a youtube search on a review that was done on the old Top Gear... here is the link
http://www.youtube.com/watch?v=LRiomRdg-2EI think i need to test drive all of them to get a better idea, just want any of them whilst we have some decent weather and fun before Winter comes around again

only thing that put me off the toyota - it reminds me alot of Need for Speed lol.. jap overdone cars with huge body kits haha.
The Volvo doesnt look that bad though, hell of a lot of car for the money!!