thats the park lock cable, that entire part with the accordion boot is available as a spare part and costs less than 20 dollars.

Its not that hard to remove if you are savvy enough to take off the pan and work a few tools in it.

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2012 BMW X5 (Beef + Granite suspension model)

1995 E300D - The original humming machine (consumed by Flood 2017)
2000 E320 - The evolution (consumed by flood 2017)