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Miles don't matter. Maintenance and care is what matters. I've seen cars with almost 200k miles that look and are mechanically better than cars with 75k miles.
That said, someone on here did exactly what you are looking to do (paging Visceral). He bought an E90 for track/autox because he has a family and wanted something he could bring the kids to events in.
At that mileage, the stock dampers are probably close to being shot so you'd need to replace them anyway for AutoX. I have MCS but that's expensive, but lots of other after market options that will work with EDC that won't break the bank.
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