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Old 18-07-2020, 05:51 PM
Jon_Bmw Jon_Bmw is offline
Senior Member
Join Date: Nov 2007
Posts: 131

I agree with Dave, purely from a financial point if you had two cars
1) a1 condition 100k miles and £40k
2) Needs £10k spending but only 40k miles and £30k

You would always buy 2. The UK market and buyers always love low mileage. Condition can be lovingly restored, low mileage cannot. If you're buying run of the mill cars this is slightly less true but something like this option 2 is best.

The hard part you have is working out how much it will actually cost to bring it back to a decent condition. I think threads like this always end up sympathising with the original poster. If the original poster had been the seller the comments would be different I think.

Always try and put yourself in the other persons shoes, the list could be resolved as following.

500 wheel refurb
500 tyres (although I see this as ongoing wear and tear/maintenance)
200 caliper rebuild all round
200 broken coil spring
1200 sill replacement (less if you do the graft yourself and just get someone to paint them)
300 bumper repaint

Of course there might be many other hidden issues.

So does 26-28k sound reasonable still for a 2002 s54 with low mileage? There can't be more than 20 in the UK with that mileage or lower.

In this situation where a car has sat, it's almost as if every party is losing. The seller sees cars with his mileage for sale for 40k+ and is slightly blind to his owns faults, the buyer sees every potential issue and is risking a huge amount of money on something that he can't properly assess with a test drive etc.

I think I'd be encouraging the seller to at least stick it through an MOT or inspection by a specialist, your issue is that if they don't find anything significant the price might go up!

If he hasn't accepted your offer what does he want for it?
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Old 18-07-2020, 05:58 PM
Jon_Bmw Jon_Bmw is offline
Senior Member
Join Date: Nov 2007
Posts: 131

Is the engine change documented? I.e copy of Bmw warranty document/invoice, or just a story?

Even if it's true because you trust your mate, when you come to sell it the same strength of argument won't hold true if I was buying it.

I'm not sure you can verify it with Bmw as they don't tend to give out what warranty work has been carried out in its lifetime. It could make quite grim reading on some 7 series
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Old 19-07-2020, 09:24 PM
abid abid is offline
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Join Date: Jan 2015
Location: Somerset
Posts: 128

These cars will very easily swallow £5k. My last preventative maintenance trip cost me over £4k iirc.

I think £10k is a very little money for these cars now.
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