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I agree w/ Bruce...
As a point of reference over 15 months ago I picked up a 2004 M3 w/ 2,700 miles, premium, harmon kardon, 19s, aluminum trim, heated seats, etc. plus dealer installed dinan exhaust, air flow intake meter, software, sirius, and ACS pedals / short shift kit from a dealer (although it wasn't a BMW dealer and therefore no CPO) for less than $48k. I ran the VIN w/ my local dealer and Carfax which were completely clean and my local indy said it was perfect and confirmed it was never driven in rain or snow...the car was in absolutely perfect condition. So I'd probably keep looking around...
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