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The gf has a cabrio e46 325ci, every mechanic I've came across said they love that M54 engine. One of them had it in his 5 series and ran it up to 350k miles with no problems. I guess if you keep up good maintenance it'll run forever. Its also easy to work on, i recently did the valve cover gasket and oil filter housing gasket. I also threw in a k&n cold air intake and fresh plugs and its a blast to drive and its an automatic (MT would be even better).
I guess if you're not a DIY'er it can get expensive since simple things like those take a couple hours and most shop around here charge a flat rate of $75 per hour minimum.. If you're a DIY'er then you don't have to worry about the wallet so much.
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