An MB E350 doesn't compare with an M3 at all. Cos they're in two different categories altogether. M3 being a sports sedan/coupe. And the E350 being a sort of luxo-cruiser. If you were to compare it to the other German brands, you'd compare it to a BMW 5 series/Audi A6.
What model year is it? I think the newer ones look pretty good.
The E350 is a great car. My Mom-In-Law owns a 2010 E350 and I've driven it a few times. It is very comfortable, quiet, engaging to drive, it has plenty of power and is a really nice car overall. It compares more to the 5 series BMW if anything though.
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