New owner, bought it as a daily driver and am LOVING the car. It's a 2000 carbon black (actually love that color) on black with 94k miles. Got a great deal on the car and it's in great shape for the years/miles.
I read up on the car A LOT on this forum before buying, so thank you to everyone who's contributed! The body is in good shape, just has some minor imperfections/scratches but still looks great. Biggest cosmetic problem is a cracked front bumper cover (don't notice it until you're up close). Additionally the wheels have some road rash. But none of these things bother me too much, I'll probably tackle the bumper cover first.
On the plus side, no rust anywhere (even underneath), both banks of VANOS have been repaired already, new clutch at 80k miles, has had some suspension work, already upgraded to the auto-leveling lights and newer fog lights, interior is spotless with little to no wear spots, no stuck pixels, a/c blows cold, and is absolutely solid with no rattles. I've stocked my garage with a few extra liters of 10w-60 but so far the oil consumption hasn't been too terrible.
The car drives like it's new and is unbelievable all around.
My to-do list:
- rear pads in the next few months
- rear upper control arm bushing needs to be replaced
- driver side mirror has a filter or something that's distorted and makes everything blue and blurry
- looking for a used set of wheels for a winter set
Otherwise not looking to mod it anytime in the near future, just want to focus on preventative maintenance and make sure it's a reliable dd. Eventually I'll consider doing something with the exhaust to free up the V8 to really sing the song of its people. (Just not sure if I want to deal with something loud all the time)
Thanks again to everyone who's posted on here!
I'm inclined to just drive it and be wary of early warning signs. I spoke with a BMW master tech buddy and he shrugged the whole thing off. His response was essentially: "Wait till it starts knocking or you have copper showing up in your oil." 
). I'm hopeful that if and when it happens I'll be able to notice an early warning sign!
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