The way to go with European is lease for 4/5 years and get warranty that covers that period.
Once the 5yrs is about to elapse get rid. Or if you have money and/or are good with repairs or know a guy...keep it.
Yeah owning it during the warranty period is the key I suppose. My dad gave his 09 535xi when I graduated college 2 years ago so I can't beat free. At the time I had a 2003 Grand Cherokee V8HO Limited that had a a billion miles on it. I purchased that two years old in 05 when I got my drivers license, but by 2013 it was falling apart mechanilly. It's too bad because it was in beautiful aesthetic condition.
I could afford a new car right now if I wanted to but I'd rather hold off and get as much use out of the BMW before its completely unreasonable to own. When I got the multi-thousand dollar quote yesterday I thought I had reached that point until my father stepped in and paid the bill. I'm technically inclined and could do *some* work on it, but I live in a city and have very little room to work or store tools (I grew up with my father restoring a couple cars, so I know my way around them). Not having a car payment/tens of thousands sucked out of savings is a good feeling though. There are things I'd rather do with my money. At the same time, anticipating pricey repairs and increasing reliability issues worries me.
I'm obviously grateful to have the car and it's a blast to drive, but I'm really not in love with it. First and least important, I don't find it particularly attractive- it reminds me of a beluga whale. Second, I'd prefer an SUV for all the winter driving I do (both to work and my frequent ski trips to Vermont). Third, I'd prefer the versatility of an SUV in terms of space. Fourth, the 5 is too big for a sedan (I know this contradicts my last point). If I were to buy a sedan, I'd want something smaller like a 3/C/A4/IS size. Fifth, I tend to find BMWs a bit pretentious, especially driven by people in their mid-20's... Although I was in the neighborhood of Boston University today and saw plenty of 18-22 year olds driving Porsches, Maseratti, and G-Wagons.
I still am interested in the Grand Cherokee EcoDiesel or the VW Touareg TDI. The Jeep is the better value in nearly all respects. I have read/heard a lot of complaints about the 2014+ models now that they've bit fit with Fiat electronics, so that's annoying. The Touareg on the other hand I know to expect less than average reliability. I'm drawn to the fact they're fairly uncommon/not mainstream (unlike the JGC) and possess a sense of class while not being overly pretentious. It's too bad they're not quite as premium as the original models were.
The only other SUVs I am attracted to are the Lexus GX, Toyota Land Cruiser, and Land Rover LR4. They're all probably way out of my budget. The LC is too big and thirsty for practical use in my life. The LR4 is too unreliable and expensive to run. The 4Runner is hideous looking now. The X5 is nice, the X3 is okay, but I don't want another BMW. Other Acura, Lexus and Audi SUVs are too feminine looking. Forget anything American. I really like the newly released XC90, but the price tag has ballooned.