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I have a JT Designs aluminum underpanel (powdercoated black) on my M3. The stock 92-99 3-series plastic underpanels are weak and get torn off extremely easily, so JTD made this replacement one. A pic from their web site: 
At $169, I wouldn't buy it again, but at least it's a solid piece and will withstand quite a beating. I'd recommend you just stick with stock ones.
///jrb

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