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Having had an N reg BMW 316i for 9 years, I can only praise its reliability. Servicing cost little (providing you don't use BMW!) largely because it rarely needed anything doing. Failed MOT once for something fairly stupid and easily solved. It's also driven from the right end. I enjoyed driving it in all conditions and types of journeys, 325i is much the same but with a lot more poke.
Now moved to an 05 320d. I'll gloss over an initial problem (solved stress-free under guarantee) and say otherwise my experience is the same, running costs even less unless you need to buy a tyre.
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