I didn't get quite the deal thebluedog did, but I bought my 01' 3.0 - (Sport, Prem, Cold, DSP) for $29k w/ 41k miles 2 years ago. It wasn't CPO, but it was in mint condition cosmetically and mechanically. I now have 80k miles and have no problems other than replacing window regulators and it still looks like new. It's an amazing vehicle and even though not as quick as the 4.4, still a blast to drive even 2 years into ownership.
Don't know if this helps, but thought you might like to hear from a happy '01 owner.
Good Luck, if you do buy and need help with anything just ask. This is a great group of people that give support like no other.
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2005 ///M3 Competition / Interlagos Blue-Black /6spd/SS Race Exhaust/Angel Eyes/Passport HW/Mich. Super Sports Soles (love em)
2008 ///M3 Melb Red w/ Beige Novillo, Tech, Prem, & 19" (Retired)
2005 X5 4.4i Estoril/Grey Sport, Nav, DSP, Prem, Pano, etc. (Wifey's)
2007 335i Silver/Black SP,PP,CWP, Comfort access, & Sirius (Retired)
2001 X5 3.0i (Retired) Silver/Gray Sport w/19"/Prem/DSP/CWP
2002 YZF600R (Retired)
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