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Best two work cars I've ever owned were a 320is and a 325i. Both had a ton of miles - by most people's standards - but with a little TLC they were relatively cheap, considering I paid something like 2800 and 3500 respectively. When I sold them the 320 had almost 300k on the clock and the 325 was something like 275k. And they still ran great.
My long-time BMW/Volvo mechanic did advise me to not go with a 5-series once because parts costs being so much higher, so I stayed with 3's and was very happy.
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