Hi, im new to BMW cars and about a week ago purchased a '95 530i Automatic from the local BMW dealership with 95K miles on it. I was not informed of this known and a serious problem with the M60 engine that can fail anytime and be very costly to repair. Since im new here and don't know if this has already been discussed but any suggestions what can be done to fix this problem. Another thing which seemed a bit strange is that when i asked the BMW salesman for a warranty he totally declined and gave some lame excuse about how the dealership is not big enough financially to cover extended warranties, im beginning to think the Nikasil problem may be the reason. Any useful suggestion would be greatly appreciated.