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Spent some time lurking on this board and was seriously considering a 330i. But when I realized that I could get a 2003 E39 540i/6 M-sport for about the same price as a well equiped 330i, I jumped ship. Picked up a 2003 CPO 540i with a warrenty through 3/09, and only 23,500 miles for $42,000 (original MSRP was over $60K!). This is an awesome automobile.
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