I went from a 535i to a 750Li. I like them both equally. The 7 does turn heads more for some odd reason, I guess of its huge presence (it's a beast to park, the ass always sticks out). The N63 engine is scary fast compared to the N55. I do miss the 535i for its sharper handling and much better fuel economy (avg 27mpg vs 20mpg).
The rear damage of the 7 would scare me away from the purchase. I would get the 535i mSport, then bump the power up with Burger Tuning. The 7 doesn't seem to have much warranty left, you don't want to be caught dead with a $100k MRSP car w/o warranty.
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