I just purchased the Peake research tool for BMW. It resets the oil light indicator, service intervals, and can also read SES codes, etc. Thus, it can save a significant amount of money in the long run if you take your car to a private mechanic, and/or you need to know a SES code. For instance, you could order the part you needed saving significantly from dealer costs, even with BMW CCA discounts.

I'll rent this out for $20.00 to recoup some of my costs. Like some have done, once you have rented it once from me, it's unlimited use after that.

Unfortunately, it only works with 2001-2005 BMW's. Most of the newer BMW's use the 16 pin connection OBD-II port by your driver's left foot well. Older bmw's use the 15 pin or 20 pin connection. It will not work with the 740i or 740il (2000-2001).

Let me know if you are interested. It should be here in one week.

R5/FCX II-16, Fault Code Tool (2001-2005 BMWs)

Reads trouble codes/Scans codes, resets Check-Engine, Oil service and Inspection.