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@Dammit
Depends what the alternative is - which does of course start at "don't replace the Volvo" and escalate from there.
For a leased vehicle you are looking at 6-12k/year.
One of those 535d's is the the sensible choice I am sure, but it's looking like a decent example will be ~15k.
I have no idea whether the seller of the 540i would be open to any negotiation on the price but if we go your suggested route we're probably somewhere between 8-15k for the first year, and I do think it's somewhat cooler than a 535d. Albeit also a much worse car.
The 911 has cost slightly more than your suggested figure to bring up to standard, I'd rather not spend that on the Estate.