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That sounds like a bit much for that car. They are great cars and all, but you should be able to get that for under 5g's. I have a 95 325 is with rims, exhaust, chip, CAI and a nice sound system. I got it with all of that w/ 80,000 for $8500. Visit Bimmerforums.com there are lots of posts about common problems w/ these cars.
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