Hi Guys, I could use any advice you might have on a possible purchase.
I was close to buying a 90 325is, 150K miles. I just had a pre-purchase inspection done and discovered the following:
- needs muffler
- two small oil leaks: one on tranny, and one possibly from pan gasket (?)
The mechanic said he wouldn't worry about the oil leaks. There were small, and "somewhat normal" for a car of this age.
Otherwise, the mechanic said the car is wonderful. Spent most of it's life in CA, so it is entirely rust free. It was recently prepared for track schools (my goal) and my mechanic said the ride is solid and it would be ready to take to the track.. It has new suspension, control arms, control arm bushings, timing belt, water pump, thermostat, valve cover gasket, steel brake lines, pads rotors.
I just don't know what to pay given the above problems. :evil: I was ready to give $5K because I'm having trouble finding a good car, and I need one soon... but now it's tough to decide... UG!
Maybe $4K and offer to fix everything myself? Or should I make him pay to get it to pass inspection first. Should those problems make me run away?
I was close to buying a 90 325is, 150K miles. I just had a pre-purchase inspection done and discovered the following:
- needs muffler
- two small oil leaks: one on tranny, and one possibly from pan gasket (?)
The mechanic said he wouldn't worry about the oil leaks. There were small, and "somewhat normal" for a car of this age.
Otherwise, the mechanic said the car is wonderful. Spent most of it's life in CA, so it is entirely rust free. It was recently prepared for track schools (my goal) and my mechanic said the ride is solid and it would be ready to take to the track.. It has new suspension, control arms, control arm bushings, timing belt, water pump, thermostat, valve cover gasket, steel brake lines, pads rotors.
I just don't know what to pay given the above problems. :evil: I was ready to give $5K because I'm having trouble finding a good car, and I need one soon... but now it's tough to decide... UG!
Maybe $4K and offer to fix everything myself? Or should I make him pay to get it to pass inspection first. Should those problems make me run away?
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