Download Bmw Z4 E85 Oil Level Check Pics. It's located right beside the oil filter and also measures oil level, oil temp and pressure. The car will tell you to add oil it it's at the minimum level.
The oil level sensor system doesn't work to tell me the oil level any more.
Checking the oil levels in your car is essential to maintaining the life of the vehicle. Use the thumb wheel on the turn signal stalk to scroll thru the bc menu. My e83 used a bit of oil between oil changes and the light would come on to have a check. He drained the oil and checked the level, and the correct amount was in there per bmw spec (+1/2 quart).