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I would negotiate the CPO model down. You typically can haggle off 8%+ on CPO models.
The 740 (N55 engine) is reliable and offers great gas mileage. I drove it a few times before getting the 750Li. Coming from a 2011 535, I felt the 740 was too heavy for the engine.
I highly recommend the F10 - 535i / F01 - 750 over a F01 - 740i. Just something to consider.
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