I have driven both cars within the last month. The M235i was brand new obvs, the 135i was a fleet car (driven by a BMW executive) with 6k miles on it. Both are nice, the M235i is undoubtedly nicer. That said, I negotiated the 135i down to $35K from an original MSRP of close to $50K. Is the M235i $15K nicer? Honestly I don't think so. I skipped the 135i because I want warranty, lease, drive it for 3 years and give it back no hassle. Completely different situation than what you are looking for.
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