Reddit reviews 5 M12-1.50 Single Oversize Oil Drain Plugs with Gasket

Here's a link to the same bolt I bought: http://www.amazon.com/gp/product/B0040CRVD8 (comes in pack of 5).

It's the same type of bolt except a bit oversize, so you can re-thread the aluminum pan -- just do it slowly and be careful on the first try, perhaps even back out a few times.

I was in the same situation and found this to work. I haven't changed the oil again yet, but I'll make a point to be extra careful re-torquing next time.

One piece of advice I found was to use high temp sealant (http://www.amazon.com/gp/product/B0002UEN1A) on the bolt at every oil change, as insurance against any lose threading. But just judging form the feel of bolt, once you rethread it seams to be a pretty tight fit; you'd have to be careless to mess it up.

Good luck.

This is sadly pretty common for 1998-2006 BMWs. Always use a torque wrench and a fresh crush washer. Just one Jiffy Lube visit can necessitate a new drain pan or a fix. There are numerous fixes available though:

This is the legit fix: https://www.amazon.com/dp/B003SER3PA/ref=aag_m_pw_dp?ie=UTF8&m=A2J41G0RQ2IUXB

I went with this self-tap oversized plug to fix my busted threads: https://www.amazon.com/gp/product/B0040CRVD8/ref=oh_aui_search_detailpage?ie=UTF8&psc=1

If you use the cheap oversized method, make sure to actually tap the hole with the plug -- few turns in, back it out, clean, etc.

I've used oversized drain plugs a couple times and they do work.. Here is one from Amazon for m12 x 1.5 - http://www.amazon.com/M12-1-50-Single-Oversize-Drain-Gasket/dp/B0040CRVD8