In Reply to: So $9-10K is not out of the question for E-30 M3 posted by Frank on April 15, 2002 at 16:46:06:
For a good car that you won't have to do ANYTHING to in the next couple of years, I'd say $14-15K minimum.
Anything below that and...
1. You will need to at least replace a bunch of old, worn-out parts, e.g. vacuum hoses, bushings...lots of bushings, tie rod ends, control arms, strut mounts, shocks, motor mounts, tranny mounts, etc., etc., ...
2. The seller already replaced all of these things but is not expecting to come anywhere near breaking even, i.e. he is desperate. In this case, TAKE IT AND RUN! You got a great deal.
Point is, unless you REALLY ENJOY working on your car, you might as well shell out the $15K+ for a good car rather than fixing up a cheaper car...because you'll probably end up paying the same either way.
This all only applies if you want a nice car to keep for a long time. If you want to buy it, fix stuff as it breaks, and sell it in a couple of years, you might be better off with an $10-12K car.
in fairly good condition?