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In Reply to: Today I drove an E12 528i. Help, please (m) posted by Carzzi (fugitive from Z3 board) on August 21, 2001 at 16:54:09:
My 80 was 150K, EXCELLENT Runner, EXCELLENT brakes and all other mechanical, One owner and NOT ONE SPOT of rust (typical of our climate). The bad news.... it had a broken grill and rolled front edge on the hood, and a hole in the radiator, from a minor mishap. I paid $500, and 600 later, had one of the best e12's I could imagine for that money...
I'm sorry, but what you describe is a pass for me, but I am death on rust in the first place. It is a cancer that is rarely ever localized.
You can do much better for the money, but you may have to shop patiently and you may have to get out of town to locate the right car. There are actually tons of them available... believe me.