Way too much money. I'd estimate around $1500 just for the headlights, $1000 for the bonnet and another 700ish for the bumper and then paint etc. etc. Not worth it in the end.
It would be very similar with the facelifted e46's and i think there has been 1 conversion in the world and that was to the m3 owned by one of the fifth gear presenters.
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