First thing is, a small amount of oil will spread a long way!. It may look like you are losing lots, but probably not.
Maybe a BMW forum might be a better place to ask if this kind of thing is normal or something to worry about?.
As for the warranty, I'd be looking carefully at the small print. The aftermarket warranties you get on second hand cars are often not worth the paper they are written on.
My advice would have been to not buy a BMW (with a few exceptions, they are not that reliable) in the first place, but that point has passed!
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