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Find a mint used E39 530i and you'll be set. Really, if you like your 535, the 530 is a simpified version and any potential maintenance will still cost you less in the end (for the life of the car) than the cost difference between the used 530 and a new car.
If you're stuck on a new car, then you'll have a limited range if you don't wan all the bells and whistles while still providing theblevel of comfort and performance that you are use to in a BMW.
I agreed having a sedan is very nice. I bought my 530i used and it's been rock solid. I figure if I have to put another 10K into it over the next 5 years I'll still be well ahead.
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