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I got a certified used 2008 128i convertible with an extended warranty last year and love it. I get 4 years of full warranty or 100k miles. So far they've fixed the AC, the PCU, the brakelight bulb assembly, a cable in the top that made one of the covers not retract back, and minor stuff like fluids and license plate mounts.
I did have my under-hood cover and some plastic shields rip off on the bottom, and it cost me $500 (for some plastic! o.O). They said it looked like it hit something that caused damage. My stupid neighbor kept hitting my bumpers as he parked in the driveway, so I'm not sure if it was that or me running over stuff (roadkill, leftover truck tire in the highway).
Now I have invested in a garage space and that jerk neighbor has moved away.
Anyway, I'm still happy with it! The dealership by me also always has free wifi, bagels and cappuccinos. Yum!
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