Mine was like that too. First time I've seen something like this on a BMW and I have owned more than 10. I think they are all like that.

Around the hood edges I could not stand it, so I taped up and hit all the edges with paint.

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BMWCCA Chapter President, Hawaii Chapter (fmr)
03' X5 4.4i, 02' MCoupe, 99' MCoupe (sold), 88' M3, 01' E39 M5