If the wheel has a figure 8 and/or hop, it can be mounted on a lathe (face toward chuck), the wheel is manipulated until the barrel side indicates within a few thousandths of an inch, then a skim cut is taken on the hub mounting surface.

Bingo, figure 8/hop fixed. All for ~ $125 to $150.

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'03 X5 4.4 Sport, last of the M62s (8-03 build date)
I believe in deadication to craftmanship in a world of mediocrity!