I recently sold my e46 with 250K+ miles. I even put such warnings in my listing! I was pleasantly surprised by the amount of interest the car generated and by the TYPE of buyer it attracted.... several younger BMW enthusiast types who seemed to fully understand what they were buying. It sold to the first person to see it at full asking price.

AM.

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E70 2010 3.0 M57 AT Titanium Silver with Black Leather
E53 2004 3.0 M54 AT Toledo Blue with Gray Leather
E83 2008 3.0 N52 AT Silver Gray Metallic with Black Vinyl
E46 1999 2.8 M52TU 5MT Black with Tan Leather 250K+ miles (Sold, but not forgotten)