Just wrap it.. I paid $4 shipped for a 1'x1' 3M piece of vinyl off eBay which is plenty for the steering wheel trim. The vinyl is actually very forgiving.

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2004 X5 3.0i - 6 Speed Manual

• OEM Style 168 20s
• JL Audio Stealthbox - Alpine M500.1
• Weighted ZHP Shift Knob
• E46 330i Heated Sport Seat Retrofit
• E39 M5 Tri-Stitch Steering Wheel
• OEM 4.6is Spoiler Kit
• H&R 25mm Spacers
• B&B Tri-Flo Exhaust