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First off, I like hearing that your 850 has been good to you. My wife and I bought one (non-turbo) and now I'm starting to wonder if it's really a trouble car (based on reading this board, that is- starting to scare me!) We have 46K on our '97 850.
I agree with the folks who say go for the lower mileage replacement- which is why my wife and I bought her 850. She had a Civic w/ 150K trouble free miles on it, and we decided that with my car (the lowly e34 525 :) aging (at 91K) and a baby we wanted to have something more reliable on hand. Now we're keeping the Honda as the back up "beater" as well- so I agree with having three! You also have a very good point in that you are into the area of regular repairs.
Anyway, the short story is what we always hear anyway- you have to go with what you are comfortable with- oh, and also sell me the M5. :)
Regards-
Eric
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