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You just bought the '01. I, also, have an '01.
The key is not to pinch the gas cap wire. Make sure it's free.
Mileage? Water pump gives out between 60K-80K
4.6? 4.4? 3.0? 3.0, there are aftermarket waterpumps with stainless steel impellers vs BMW plastic (4.6 & 4.4 we're stuck with BMW, as far as I know)
4.4? check the 2 hoses in the back of the engine (approx 1 1/8" dia) If they flex easily and feel thin, replace them. Have the control arms checked for looseness. My '01 a/c fan was not shutting off with the ignition. 2nd stage resistor also a typical problem.
5+yrs old - new battery? what service has been done to it? Brakes? Most (and I do mean MOST) of my lightbulbs/sockets burned out between 50-53K. After 5 separate "check ____ light", I told them to replace them all at the sixth warning light. I still have one original foglight and one headlight, the rest have been changed. Check your rear license plt lights. If there is corrosion, the rear latch assy is leaking. If you replace this ($230), it also may cure the problem of the rear hatch, which often unlatches in early models. At least, it did for me.
Fortunately, I have a great dealer in Idaho Falls,ID and had them go over it "head to toe" when installing the Dinan S2 upgrade to "weed out" anything questionable after 2 owners and 42K miles.
This is the website to be at to have your questions answered about your X5. I hope you have as much fun with it as I do with mine.
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Mark  _______________________________
2001 X5 4.4i topaz blue/sand Sport, complete Dinan S2  , hitch, V1, tint, BSW Stage 1, Alpine INA-W910BT
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