First i just want to let you know that this is a semi long post so be ready. If you can read it and help me out i would be very thankful because i'm really looking to buy this car. I posted up on bimmerforums and barely anyone has helped me out. here's the link to bimmerforums: http://forums.bimmerforums.com/forum...d.php?t=456564
Anywhere here is my post:
I know you probably get a lot of threads like this and i definitely searched but my situation is a little different.
I've already posted up a thread about a valve ticking/tapping issue about the car here: http://forums.bimmerforums.com/forum...d.php?t=455493
Anyway, more information:
Car has 187k-190k.
All electronics work(except power antenna)
interior is in very good condition
exterior is good for it's age. Tiny rust spots on the passenger side door on bottom, small spot on sunroof, and trunk. No major dents, dings
Jacked the car up to check for a leaking transfer case and other parts. Looks clean of tranny fluid. There seems to be oil on the passenger side axle and misc parts (under oil filter area)but it's not fresh..more on this..
Shifter feels like it's mounted in jello. There's something disconnected because even when it's in gear you can move it all the way from side to side
suspension and steering feel very good. The car "feels" great besides the horrific shifter. I believe it's lowered on m-technic(? can't remember exactly) springs with bilsteins in the back and some other brand in the front.
There seems to be oil puddled up near the oil filter, exhaust headers on some kind of mounting plate. It's actually slighty above and to the side of the oil filter/headers. I'm not sure where this came from but i'm thinking it's from lazy oil filter changes when taking it off and spilling it. I'm thinking(hoping) the oil i saw underneath was from this as well. Ideas? Any why the hell is the oil filter mounted underneath the headers?!? lol
The valve tapping/knocking issue. The owner prior to the one selling me the car has kept all the service records from when he owned the car. The current seller was nice enough to give me his phone number since he was very involved with this car. I asked him about it and he told me the valve adjusters are worn and cause this knocking noise. Even when adjusted the noise will come back within 2k miles. I was told in the previous post that this is common. What is involved with changing these? is it better to just find a used head off a junker?
Checked the oil dipstick about 3-5 minutes after i had the engine running. DOH! there's some white streaks in the oil. I'm definitely thinking Head gasket issue. I called the previous owner on this topic and he said he never had any loss of coolant or white smoke out the pipe issues. He did mention that since the car is rarely driven and just sits(which is true, the new owner has put maybe 2-3k miles on it since may 05. That was in the first months that he owned it and the last couple is has been sitting in cold weather), that possibly water has has developed in the oil pan because it never is heated up all the way. The car does just sit there and is not started very often and not heated up all the way. Regardless of that theory, i plan on changing out the head gasket if i notice more severity.
Now between the valve issue, head gasket, and shifter issue this guy is asking too much money IMO. Add to that the timing belt is due for replacement(previous owner claims 30-50k ago which means i change right away if i buy). I plan to change the head gasket, head studs, timing belt, tensioner pulley, water pump, install a rogue or UUC shift kit, new valve adjusters if it makes sense, and miscellaneous tune up parts. All that added up with doing the work myself= i have no idea. What would these parts run me? The engine does feel good and seems to have all the torque/power that it should have. Just the coolant/water on the dipstick and valve issue are really buggin me.
I shot out an offer of 1500 and he turned me down and i said arrivederci. But the car keeps calling me for some reason and i'm thinking about calling him back to see what his offer is. My opinion is the car is worth no more than 2000. I'm assuming i'm going to have to spend another 500 in parts to get it in proper running order so that would bring it to 2500 which is what the car would be worth. I'm not sure if that's a proper ballpark or not which brings me here.
I would like to hear your advice and what you think is the best thing to do for each issue i mentioned and how much you would spend. What is the best route to take. Remember i will be doing all the work myself.
Any help would be much appreciated.