E39 Change Oil Myself?

Dear BMW Experts,
I just purchased a 2003 530 and I absolutely love it. As noted by
others on this group, I'm not comfortable with changing the oil and
filter at 15,000 mile intervals and would like to reduce it to 7,500 by
changing the oil myself between visits to my BMW dealer (they want $100
to change the oil and they are not conveniently located).

How easy is it to do this? I used to change the oil on my previous car,
but I can't even locate the filter when I raise the hood on the e39.

Alternatively, is there anything wrong with buying some BMW filters and
Mobile 1 and having the work done at a local Jiffy Lube place?

Thanks in advance for your help,

Ambrose

.

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