Is that the fifty dollar oil that I have to purchase from the dealer? Can I use the scanner to remove code? Or turning the steering wheel reset?

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2004 3.0 X5 built 06/2004 Premium Pkg & Xenon Only
First owner and 175K miles and counting
First Major cooling overhaul in 5/2014
Sparks plugs, hose and water pump and tranny filter replaced at 90K
Mobile 1 Synthetic all the way with Mann Filter