I can say with 99% certainty (with BMW is never 100%) that I found a dream X5 for enthusiast / home mechanic like me:
I did preliminary inspection and there are simply no issues: Bone dry, no leaks, no cracked bushings, no sign of incompetent mechanic butchering etc...
I ran the codes and it did show thermostat jammed as expected and some misfire and o2 sensor codes.
I cleared everything and ran engine through few cycles and no codes. I suspect it's either it was cranked up many times while cold at dealer and unburned fuel triggered these codes,
Or (which I'm about to pull the plugs and inspect o2 sensors) they are original and simply tired. Either way, I have no concern as engine runs smooth and quiet.
For start I'm changing oil and filter, changing thermostat, removing wheels for good cleaning and ordered new wheel caps (new style is better looking and cheap) and ordered missing hitch cover.
Few quick pictures after wash and I haven't touched interior yet other than installed new rubber mats I had. This weekend is going to friend of mine for professional buffing. He inspected it already and confirmed that paint is in great shape. I will do interior myself.
Also I love the silver rings in cluster. My understanding is they only came in 2006 with Sport package. Feel free to correct me if I'm wrong.
First picture is called "King is dead, long live the king". Actually, I'm about to prepare 4.6is for sale (maybe on BAT) but if anyone here is interested, I'm open to offers:
