I'm Micheal and I recently bought my first BMW - a 1998 E46 328i - and wanted to get involved in the forums.
I have to confess that I used to think that with the BMW you were just paying for the brand, but man was I wrong! I've found myself taking the long routes when out because I've started really enjoying driving again. "Ultimate Driving Machine" seems about right, and my car is 16 years old.
I'd class myself as "one step above complete novice" when it comes to doing my own jobs, but currently I'm having to move fairly regularly so don't have a whole rake of tools with me. It's got a few wee issues, but nothing major. The biggest is probably, what I think to be, a leaking manifold which causes a bit of a noise and some sporadic power loss when the car is cold. But other than that it seems great.
I've got stacks to learn about these cars, but think mine has a partial winter pack on it - headlamp washers, ski bag and fold down rear seats (no heated seats though). It has a gorgeous full leather interior and (I think) a sports steering wheel. According to the registration document it is a 1998 but was imported to the UK in 2000.
Anyway, sorry for the mini essay, I'll finish with some photos: