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So long as you go with a 2010+ I think you're ok buying out of warranty. Obviously you want to due some through DD when buying an M3 out of warranty. In-depth PPI (talk to the tech and call out a few key areas for him to inspect in addition to the checklist), compression test, if buying from the forum check the seller's previous post, run the vin (google, BMW, and car fax).
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