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I just purchased a '02 3.0 and I am thrilled. The 4.4 has too much power if you intend on going out with it in heavy storm. It is also a bit of a gas guzzler. Although, It is a beautiful automobile I would make sure it is well budgeted for. I would also like to say that if you were to purchase a V8 I would go with the sport.
BMW is running a great program on certified pre-owned cars.
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