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I own both an E46 and a Boxster. Both are very expensive cars to maintain.
If I was in college I would recommend the BMW over the Boxster though for one reason..... the E46 is far more reliable. You spend a lot of time either upgrading (IMS bearing and water pump as one example) or repairing Boxsters...... E46's have common problems as well but they cost a far bit less to fix.
I agree with earlier comments however..... anyone in college should not buy either of these cars.... in college I was not responsible enough to keep up with the expensive maintance required to own either of these cars...... buy a civic!
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