C astyour mind back to the 1990s, when £40,000 was an awful lot of money. Enough for a pair of semis in Salford, the salary of a Member of Parliament, or over 22,000 Big Macs. It also bought you a lot in the world of motoring; an Audi S6, for instance – or a 4-litre XJ6, a Marcos LM500, or even a V8 Range Rover.
If you wanted a four-seater convertible with a solid image, though, you only really had two options around this price point. Jaguar wanted another £6000 for its XJS, while cars like the Audi Cabriolet were far cheaper. That left the BMW E36 M3 cabriolet at £41,800, or the Mercedes-Benz E220 Convertible at £40,300. These were two very different cars with very different aims when new,…