If the brakes are squealing, there's a good chance it is the brake pad wear sensor. A new design was implemented in January 2006 and can be identified by its green color.
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My breaks are squealing............yet my breaks are not due for another service.....2006 bmw 530i
MY CAR HAS ALWAYS HAD THIS PROBLEM, EVEN WITH NEW PADS, ITS A DEFECT ON THE BRAKE RIDGES FOR MOS E60 2004 AND 2005 MODELS