I think the build quality of the e28's is a lot better than the e34
My e28 535i was brutal on gas also, I averaged 18 and thats completely staying out of the pedal, with the tq that motor has its hard to do.
I now drive a m54b25 e39 5 speed, and its not that slow.. Ive been getting 25 mpg.
FOr the money youll spend on a nice e34 you might want to look at e39's. Felt big and dopey at first but its starting to grow on me.
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