In Reply to: 1988 735i-I NEED ADVICE posted by James Kettler on August 06, 2001 at 15:02:54:
It is real easy to fall in love with these machines and to drive one can bring an instant addiction. Not to scare you James...but it does take money to keep these cars running. The electronic do-dads can nickel & dime you to death and the common faults like the tranny, driveshaft, radiator, and front suspension will out right empty your bank account!! (see RobWilsons' post below this one) But on the other hand, you feel that the car is in "perfect" condition...my advice to you is...PRE-PURCHASE INSPECTION!!!. If you never listen to anything else...hear me...PRE-PURCHASE INSPECTION!!! James, this will be the best money you will ever spend. Since you are working with a limited budget...the inspection would give you an opportunity to find out if anything looms large in the near future concerning mechanical maintenance or replacement. If she passes the inspection with flying colors...this would also give you an opportunity to start a slush fund for future maintenance and repair.
E32 ownership is like dating or being married to a high maintenance woman. Her stunning looks are mesmerizing, the way she feels is intoxicating, you can't keep your eyes off her and turn to give her a look when you leave her prescence...but if you don't have the money to give her the things she wants and need..she'll leave you broke, disheartened, and defeated!
It helps if you are a do-it-yourselfer...but James, I beg you to really think this one over with your folks. As txhedg said, one repair bill could wipe you out finacially and you'd be stuck. Sometimes it is better to defer our gratification...there will be plenty of 7 series to buy in your future. Wait a few years and you would probably be better off purchasing an E38 (or that E32 you've first fell in love with). You are young and I would hate to see you mired with the financial responsibility of keeping an E32 running. There are so many other thing to wast your money on at your age! 8-)
Just my .02.
Hey, I was considering buying a 1988 735i with 150-160k miles. I'm only 17 years old but I really like BMWs and this car is just within my price range. Can anyone advise me as to wether or not this is a car that will be too expensive for me to maintain? I make about 7.50 an hour and i have to pay 60% of my paycheck to my parents to pay them back for the car. The car is in PERFECT condition, it's like brand new. Please someone email me or post a follow up with advice. Thanks.