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I have a M roadster (S54) same engine. It's been fairly relaible to 110,000 miles other than the usual items, water pump, vanos, power steering pump etc.
If you don't need the back seat, the roadster may be a better alternative.
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2001 M Roadster Imola Red
2002 E46 Sedan Sapphire Black Metallic
2012 E91 xDrive Sapphire Black Metallic
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