You may want to check to see if the car has been cloned and could be a former write off/cut 'n' shut, perferably by checking to see if the VIN matches the DVLA records and there's no errant paint mismatches around the car (engine bay, boot [under the floor carpet], etc).
If that matches up, it may be worth (if you can) finding out who first sold the car (if the current seller is not the first owner), especially if it is an import - whether a grey import or just from an (Rh*) EU country. You may need to check with BMW themselves via the VIN.
There can be errors - for instance my Mazda3 was imported from Cyprus (unused hire car) and sold to me (as new) via Motorpoint in 2006, but I only noticed much later on that the colour was listed as grey and not silver.
A minor mistake, but still. All I needed to do was contact the DVLA, given them all the details, including proof (photos in my case) and voila, they sent me a corrected V5 free of charge in a couple of weeks. What to do as regards V5 errors/omissions can be found on the V5 document itself as well as on the DVLA website.
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