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A couple things to also think about: The M240i has a torque-converter auto while the auto in the M2 is a DCT. In addition to the driving characteristic differences, that's something to take into account since you work on your cars.
The M240i doesn't come with an LSD. I think dealers can maybe install one as an option? Anyway, the diff in the M2 is electronically controlled and has a clutch pack to continuously control how much lockup you get. If you don't enjoy the occasional oversteer moment this is probably moot, unless it snows where you live and you plan on driving the car in the winter.
Both cars are cool, hope you get whatever works best for you.
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