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BMW reliability is going to be worse than most any Japanese vehicle. As well, the repair costs when things do break are going to be more expensive. I posted something on overall reliability by brands recently, I willt ry to find it. BMW came in below average. Many individuals purchase extended warranties for BMW's as they can get pricey after they fall out. Especially now, since many things you used to be able to do yourself you are now forced to bring it in to the dealer (No oil dipstick on cars anymore? Come on!).
I've owned my 1991 BMW for 4.5 years and put on 70,000 miles with minimal hastle but it is much more reliable than the vehicles built today. Hope that helps.
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 '91 M42 E30 - All sorts of goodies.
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