PREFACE: I'm not sure if this is an E30 or an E36. If you could shed some light on this it would be great.
Right now I'm considering buying a 325ic BMW m-technic. You can read the listing Here.
Hello everyone, In order to afford a trip to Europe this summer, I am sadly going to have to sell my baby This is a 1992 BMW 325ic with the Euro M-technic body kit. This is a RARE car, especially to find in the US! About the car: It has 123,000 miles, automatic transmission, new white leather interior with HEATED seats! power windows, AC, CD player, 1/2 manual-1/2 auto convertible and cruise control. It is white on white, with a black convertible top. It really is a beautiful car! The car has a few scratches, but no dents, therefore may just need a little touch-up paint in a few places. It needs a new rack and pinion, but it is not an urgent fix if you continue to monitor the power steering fluid levels. I have been told this could cost up to $13,000 BUT I have a mechanic who would fix this for only $700! I would do so myself if I had the money! Because this has a mechanical problem and a few scratches on the outside, I would say this is in "fair condition" on Kelly Blue Book. They price it at $4,525....HOWEVER...this does not take into consideration that this is a very rare car, with a Euro body kit, which would add at least $1,000 to it's value, so I'm pricing it at $5,000 because I MUST SELL THIS CAR!
Pictures are in the listing. From what I have read, many, many parts should have been replaced by now. However, I am concerned about the rack and pinion and the mileage. More information from an email exchange:
I am actually not the first owner of the car, I got it at about 100k miles, so I'm not exactly sure what things were replaced/upgraded as far as things that were recalled. Do you think a mechanic would be able to figure that out?
As far as what has been done on the car since I've had it, I recently had the break pads re-done (with full break service), and looking at my service receipts I know I've had some gaskets replaced (oil filter housing gasket, intake manifold gasket set), the thermostat replaced, the air flow meter was replaced, and all other maintenance is up to date.
I will take the pictures that you requested once I get a hold of my roommates camera, probably later today or tomorrow. I'm not sure where you are located, but I'd also be happy to drive the car to you tomorrow or later in the week.
Let me know if you have any more questions!
My mechanic's name is Mo, and he is at Lamorinda auto care in Moraga (east bay)[...] Again, the rack and pinion does need to be replaced and whereas other places have quoted me at over $1,000, Mo said he could do it for about $700.
So...I was wondering if this was a good buy. From what I understand M-Technic actually IS a ///M (correct me if I'm wrong) plus I'm just in love with the styling of it.
I know people hate posters who don't want to do any work so over the last few days I have been looking up tons of BMW information and didn't have much luck finding actual information about the rack and pinion.
I really do not want to install it myself, but I might be able to pull it off if I got my father to help me out (used to run a body shop) though I'm pretty sure he has gotten rid of most of his tools...
Basically what I'm asking is "Is this a safe buy. Is it a car that I could fix up and love or should I play it safe with a nice 1998 Civic?"
Any advice you can give me would be greatly appreciated!