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No substantial reason not to go for the //M package, it is sweet, but the seller knows it and you'll wind up paying for it. Ultimately it's only slightly upgraded sway bars, shadowline window trim and better rims. I like it don't get me wrong, my 528 is a sport, but if you come across a great deal on a nice, lowish mileage 540 and it's not a sport, go for it. For an E39 I consider anything below 120k low mileage especially if it's well taken care of.
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