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I have a 03 e53 4.6is and it has had a few minor issues, but nothing that would have detoured me from making the purchase over again. In fact it was the best decision I have ever made when it comes to buying a vehicle! Thier are a ton of 4.6's & 4.8's for sale right now and it's a buyers market, have fun and find the exact one you want!
You may want to look for one with OEM Nav, that will help you keep your re-sale value up further down the road!
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