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Factor in the build and development cost of the clio you'd get a years worth of trackdays and consumables for the bimmer. Also the M3 will be much easier to sell when you get bored of it. Horses for courses but I certainly wouldn't mark the M3 as a more expensive option.
Greenlight on here seem pretty keen to offer track insurance, try them. I wouldn't bother personally if you have instruction and know yours and your cars limits you'll be fine.
I've never experienced any in a Clio (have in other much faster cars) or heard of anyone having any benefits especially the guys who race clios.
Personally I'd save the £30 and always tell our customers too as well.
Smaller swept area if it has grooves . Last time I was on track in my clio I had 0 issues with 'gas' build up causing brake fade. On a 2 hour stint at Le Mans maybe just outside Middlesbrough in a clio I wouldn't worry about.