In Reply to: Had inspection on E30 M3,more ??, what to do? posted by Eric Carnell on May 13, 1999 at 18:16:06:
: Following up to my "many questions" posting...
: The 88 M30 M3 with 87K miles was inspected today by a BMW dealer. ..The car does need the following: all belts, transmission mounts, both oil pan gaskets, hood shock, new differential, rear shocks, splash pan missing, R control arm (L appeared "new"), . The owner wanted $13,500 but is "very willing" to negociate. The dealer suggested $12,500 but that sounds high to me.
: My alternative is an '88 M3 with 113,000 miles which is "perfect". The owner insists I can take it anywhere I want and it will "need nothing." It has a "blueprinted" engine which he reports is as good a new. It also has a new clutch, new shocks, mounts, sway bar links,bushings, radiator, brakes, full Borla exhaust, new front bumper and air dam (he didn't like the pits), Dinan chip.
I would be a little circumspect about the dealer's assessment. A new differential at 87k? It could be a little noisy, but a switch to Redline diff oil might be all it needs (Speaking from experience). A new front control arm would be a good thing if you want to take the car to the track frequently... but it's not a requirement for a car that's primarily a street car (the ball joint studs occasionally fail on track cars -- replace with aluminum 1991 parts).
As for the $14,000 car... yes, it's true that you seldom get your money from modifications. However, if the engine has a fresh rebuild (what does "blueprinting" include?) bearings, rings, pistons, maybe top-end, well that's worth something. These engines last a while (mine's got
more than 150k and many many track/race miles), and I would love to have a fresh rebuild, but they're very expensive... $4k- 10k depending on how much is done and by whom.
I would have a mechanic check out the second car, too, before putting money down.