Alright, here's the scoop. I found a 1994 BMW 325is near DC for $4900. (Dealer) Without even seeing the car, I called up and said that I was 2+ hours away, and if he wanted me to come look at it, he'd have to lower the price by $500. (Bold move on my part, but he did it.)
I got down and checked things out, and I can't say that I was impressed. The front of the car was rusted quite a bit, and the right fender was damaged beyond repair. The rear bumper had been hit, it seemed, so that too would also have to be fixed. (Looks like it just needs to be popped back into place.) The muffler was almost rusted through, so that will need to be replaced as well. One of the foglights was completely busted, and the other was just missing altogether. The last noteworthy exterior detail was that the rear two tires were nearly bald, and the front right had a small nail in it.
We can safely assume that this car had not been serviced yet...
Moving on to the interior. The leather seats are fairly beat, and the center arm rest is very beat. The driver side window makes a clicking noise if you hold down the 'up' button once the window is up the whole way. Same goes for down. Passenger window was fine. The sunroof slid open halfway then stopped. (Not even halfway really, the piece under the actual sunroof slid halfway, so the roof never went back at all.) That's the only thing worth mentioning about the interior.
Despite all of the visual stuff, I drove the car extensively, and I don't think it could have run any better. The engine made no akward sounds, and the clutch felt good.
After all was said and done, I was, but was not impressed. (I loved how it ran, but the visual stuff really sucked.) Before I left, the sales guy asked me what it would take for me to buy the car "as is". I told him I would consider it for 4 grand. I put a refundable $100 deposit on it so he could hold it for me over the weekend while I made a decision.
I have made up a list of the things that I would like to have fixed, as well as did a little research online for the prices. I came up with this:
Hood - $150
Fender - $100
Front "Grille" - $50? (I don't know what part this is actually called. I'll upload a few pics in the next post, you'll see what I mean.)
Tires - $400 (Est.)
Fog Lights - $150 (Est.)
Sunroof Motor - $150? Couldn't find that online...normal window motor runs for $110...)
Muffler - $50-75
Paint for Hood, etc - $400
The total comes out to around $1500, and quite a bit of time.
I would NOT mind working on the car, as I have off until September, but I'm not sure if everything would fit my budget. I'm going to upload the pics next (not sure how exactly to do it, give me a few minutes) and if you all would be so kind, please give me some input as to what to do. I really didn't want to spend more than $4800-5000 for this, and if it comes down to putting more money into the car then that, I'll probably have to back out. Also, if you know of any cheaper prices for any of the things I listed, please let me know.
Thanks in advance...