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I have both in convertible form. A 2016 M235 and a 2012 135i with the DCT, performance engine option, LSD, M Perf exhaust etc. (basically all the things that the 2013 135is had plus a few more go fast goodies). Anyway, the two cars are different beasts. The 135 is not as well sorted out as the M235i, the handling is a bit on the raw side compared to the M235i. In the 135's favor the DCT is much better than the M235's ZF8 under almost all conditions. On the practical side the M235i rides better has more room and is just a more refined car. Now for the reality, the M235 has be a paragon of reliability other than 2 oil changes and one convertible top recall nothing has gone wrong on the car. I can't say that of the 135. During the 4 years under warranty the car was at the dealer 16 times for various repairs. Now two years out of warranty, we've been to the independent BMW mechanic twice and currently have yet another oil leak so it is going in for a third repair. I love both cars, but certainly wouldn't trade in a M235 for a 135is.
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