The problems start once the mileage climbs on BMWs. Especially if maintenance has been minimal.
You say you want economy. Well, that really means a 320d / 318d. The timing chain problems on cars of the age you're talking about are well-known. In addition, they've all got DPFs - which will probably be reaching the end of their lifespans now, requiring expensive replacement. They've also all got DMFs with the clutch, and (depending on the mechanical sympathy of the previous owner / owners) those could well be worn out now too.
So a £4000 car could, quite feasibly, cost another £2k within a year or less. And that's just on the clutch/DMF and DPF. If the timing chain goes then the engine is quite possibly scrap.
I'd recommend not going for a 'premium' brand. You'll get a hugely newer / lower mileage mondeo estate for the same money as a 3 series. And cheaper parts for when things do go wrong.
(finally, no, I'm not a 'premium' brand or BMW hater). I've got a 2013 325d estate. But I've had it since nearly new, maintain it perfectly, and will quite possibly drive it into the ground.
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