Got tired of looking at the peeling trim on my steering wheel and decided to fix it on the cheap! Picked up a can of Plastidip at Lowes for $6.00 and went to work. I followed this http://www.e90post.com/forums/showthread.php?t=243169
to get the trim off and it was very easy.
Once the piece was removed, I unscrewed two T20 torx screws on the silver trim on both sides to remove it from the main black trim Once that was done I started to spray with flat black Plastidip. I did about 7 coats of Plastidip on the trim and let it dry about 20 minutes between coats. I put everything back together by just reversing the steps and it looks as good as new!
I then decided to fix the roof trim that has started to peel on the driver's side. I removed the trim by starting at the rear with a flat head screwdriver. Once the clip on the rear is released it's just steady pressure working towards the front and the whole piece will come off. If a few plastic clips break in the process don't sweat it because it will still hold with the ones that didn't break. Did about 5 coats on the trim with about 20 minutes between each.
Plastidip is a great product and needs NO PRIMING and is pretty fast drying. Great thing is if you're not happy with the results just peel it off and start over.
TIP: When removing the trim from the wheel START AT THE BOTTOM and work up towards the buttons, comes off much easier this way.