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10-05-2005 10:37 PM #1
10-09-2005 07:54 PM #2
10-10-2005 12:36 AM #3
Re: 91 M5 for 6k good condition got some questions
He should have every scrap of paperwork for the rebuild. If he doesn't and just wants you to "take his word"...walk away. The rebuild should also cost anywhere between $7-12k, done by a reputable shop that know M-cars...not the local Shell station. If it was a $3k rebuild...something is very wrong.
Even if the engine is perfect, an M5 with that kind of mileage should have had major suspension work and trans rebuild/replacement, within the last 50k miles. There are alot of other parts that should have been replaced as well. The diff, drive-shaft, steering box, catalytic, exhaust...etc, are all big...BIG, ticket items(steering box is $3k, cat is $2.5). If he doesn't have a stack of receipts...WALK AWAY!!
The price seems way too low for anyone who has put major money into that car. Even with the mileage, if the owner showed me a stack of receipts for the above work, plus 10 years of full documentation (should have receipts for over $2k every couple of years), and it passed a PPI with flying colors, I would be expecting to pay over $10k at least.
If you buy the thing for $6k, then end up doing another engine rebuild to get it right, then address the aformentioned issues, you are looking at well over $20k...far more than you would have to spend for a solid well maintained, enthusiast owned M5.
Get a PPI from a factory trained mechanic no matter what. If it's too good to be true, it probably is.
10-10-2005 12:40 AM #4
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