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Common fault we do our fair share of them the dealer networks solution is as stated to replace the column, the thinks what happens to the old column when it goes to the dealership? Is it safe to drive around with the light on? Well one woman I saw 2 weeks ago had been driving her 120d for over 5 months with the light on before selling the car forced her to sort it out.
From memory it's a surcharge part which means it's your new columns fitted(new!) sent back, fixed, re packed and sent out for re use. And at a guess the refurbishment process in many cases might go along the lines of what we Indus do right now.
It's £95 plus VAT for us plus while we are at it we always carry out a full diagnostic on the car as well to see if there are any other issues lurking. Getting rid of the light is fairly straightforward I'd say success rate for us and other indus I talk to using Autologic is a strong 95%
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