Scott 
2000 BMW 3 Series Convertible 323Ci 2dr Convertible
100k hard miles in Arizona
 I've had the car for 5 years and 75,000 miles.  In terms of maintenance and parts failures this car has been very very easy.  Total invested in non routine maint:  not more than $1,000, and considering what the AZ heat does to rubber components, that isn't bad!  I love this little car, and based on the really low trade in value, I'm probably going to keep it for fun and get a new sedan.  If you're looking for fun at a low cost, and the pricing on Edmunds is accurate, this is a great deal!  My only complaint is this is a very heavy car for only 175hp under the hood.  It doesn't accelerate fast, but handles great and feels comfortable even at excessive speeds (with the top down or up).