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Remember the $2K Rule and you will not be suprised (archive)

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Posted by Gale Hawkins on August 27, 1999 at 21:43:44:

In Reply to: Re: 1988 528e price posted by Drew Zacharda on August 26, 1999 at 20:17:16:

The $2K Rule simply states any 8yr+/100K+ BMW will ask for $2K of your money in 1st 12mo of ownership. Chet, Drews post points this out. Buy up front based on that and you will not be the fool in most cases. Plan to live with kick-nacks not working and idle problems that have an expensive fix. My 85 is still a great car but I would not own it if it was an auto because the idle is not always perfect. It is true for a few $ for vaccum hose can do wonders for some idle problems. Best of luck. Sticking with the $2K Rule improves your luck :) since you are buying something most people will not touch at any price. If you do not get in a hurry you can by solid BMW's at or 10-20% below "trade-in" value. It is done daily all across the USA. Their retail price is of no value unless you total yours and you are settling with the insurance company but they are not stupid.

: FWIW, I sold my shimmy-free '86 528e with 111k miles for $3650 two months ago. If it had been a 5-speed I would have kept it. (It took about $1200 to remove all shimmy -- struts, thrust arms, control arms, sway bar links and tie rods).

: Good luck,
: -Drew Zacharda
: '90 535i/5
: '89 325iX

: : I'm goin to look at a 1988 528e this weekend with
: : 135k on it, and it sounds like it's in very good
: : shape, all power options and black leather interior.
: : I may be able to get it for 3k. If all systems are go
: : and the body is decent, is this a good price, a great
: : price? I'm pretty knowledgeable about cars but have
: : never owned a beamer and am a little nervous about
: : expensive repairs, though I know my share of backwoods mechanics around here who really know there stuff ..
: : any insights, encouragements, discouragements?

: : thanks
: : chet

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