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Originally Posted by E39hijinks
Nice in its day, I owned one before. But they started showing their age many many years ago. Still a classic, though. But for what it is, too much upkeep required just so you can drive an old BMW around. An E30 M3 would be a far better "old" BMW to drive around. As for E36/E39, interiors fall apart, are brittle/creaky/faded and peeling. E46 aged much better.
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If you live in a warm and humid country such as Australia these things are meant to happen especially if the owner doesn't take care of the interior (a nice UV protectant and leather conditioner do wonders for example). Then again, all cars will suffer under such climate. I was shopping for an e39 M5 and saw all sorts from almost perfect to crappy here in Sydney....