A low mileage N52 you won't see much of and if cared for, should last a very longtime. The car coming from a colleague should also give you an upper hand on getting previous repair history etc.. The comments by others above are also key points.
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Retrofits: 322, 609, 6FL, 6NR, 6VC, 2TB..
Upgrades: Bilstein B8 Eibach Spring kit
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