The timing chain is only the beginning. PS - Of course BMW is being an arse about the whole thing. They can afford to, and don't give a shit about the used market. I can't really blame them. Yeah, can ...
You should have the B47 engine fitted to your car (which replaced the notorious N47 which had all the problems with the chain). We would check to see what engine you have fitted as if you have the N47 ...
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