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Is the BMW 3 Series a good buy?

I am thinking of buying a BMW 3 series 1.6, either 2006 or 2007. Love the car but have been a little put off by horror stories of repair bills being astronomical. Mileage on the 2006 is 80,000 miles. Mileage on the 2007 is 50,000. What would be a good price for both and is the BMW worth it (are the scare stories true?)?

Thanks a million.