first year bugs on 4.8is? there was a recall to replace the engines on the early ones. early ones didnt have panoramic sunroofs which is a plus. i would def get an early 4.8is, ones with close to 60K on any of them will need to replace the front air shocks. and probably the cv axle outter boots, if you live in cold climate, than expect the intermidate levers and shafts on v8's produced from 9/03 to 9/06 to need replacement. other than that, a solid vehicle.

how many 2002 m3's did you see that had engine failure? i see more 04-06's that needed engines because the vanos gear broke. dont shun the early builds they are great cars, bugs that have been addressed while under warranty.