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You could try a suction deal, but I can almost guarantee you that it will not work. Even if it does, it won't pull the dent completely, you'll crack the paint around the edges (auto paint is very unflexible) and you'll probably have to use Bondo or plastic body filler putty to even out the hole and then feather the edges with sandpaper to achieve an even surface, prime and seal the mud (body filler) and then spray the basecoat, feather that out and then reclear the entire panel. Once you've got to all this work it'll have taken you probably 5 hours at minimum, or if you don't have the expertise or tools yourself it'll be around 50/hour for a bodyman to do it for you... 50x5 = 250, you could probably find a good condition hood for close to that and have one that has never been dented. Any car enthusiast buying the car down the road will most likely be able to pick out a bondo repair and it will significantly devalue the car. Just trust me, a Z3 is a nice car, don't mess around with halfassing it. If this was your '95 Honda Civic daily driver I'd say to hell with it, give it a shot repairing it yourself, but being as it's a nice car, at least give it the respect of a proper body job.
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