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Re: M3 ownership questions (archive)

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Posted by marc on March 05, 2001 at 19:05:59:

In Reply to: M3 ownership questions posted by Sean K on March 05, 2001 at 17:09:39:


I would have to say that I concur with the others that have followed up thus far. In that I have recently purchased my 2nd M car (my first was a 4 door E-36 M3 and now I've gone to the real deal (88 E-30 M3) I purchased the car for 12,500.00 (only after a complete inspection by a highly competent BMW mechanic (cost 160.00) Post the inspection I found out there were repairs needed to get the car to the condition that I needed ( I am somewhat anal and must have perfection) I agreed to purchase the car knowing that all the rubber needed to be replaced (this includes fuel line, belts, hoses, bushings etc) The car I purchased was only driven 3000 miles in the 3 years before that it was driven 160k miles. I learned during the inspection that the car had compression numbers of 180 across all 4 cylinders and leakdown results showed less than 13% with little varience between cylinders (this is a sign that all is as well as can be expected from a high milage motor) The only major repairs needed were a driveshaft rebuild (joints were seized) and a rear diff bushing.

Now onto the mods: There are many things that can be done to these cars from air filters to superchargers it depends only the imagination of the owner and his/her budget! I would recomend small steps if you intend to go forth with your purchase. As your income increases keep your car budget relative and you will soon have an unbelieveable automobile.

Best of luck
Marc
88 M3

I am a 17-yr old high-school student with a part time job( $7.00/hr.). My 1st question: Will $11,000-$13,000 get me an 1988-1989 M3 in good condition, or will it have costly mechanical problems?
2nd: If its in good condition, will I be able to keep it in good condition without going backrupt? Around how much money a year do they cost to maintian? Is owning an E-30 M3 realistic for me?





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