I'm Paul just purchased an e34 - 1994 530i M60 ZF5HP18 sedan. There are a few problems with it and most of them I can sort myself.
So far I have uncovered some neglect (I got the car for a steal):
-Shocks (all 4 Corners)
-Rear Brakes (rotors and pads, metal on metal)
-Differential is leaking fluid its covered in it (probably the seals)
-AT shift cable is incorrectly adjusted (car will only go into S4, have to really push to make it lock into park)
-some scratches on the door and door molding missing (some minor rust spots from small nicks)
-one of the fuel tank hangers is missing, there is a ratcheting strap in its place (seems to be holding the fuel tank ok, but I'd like to replace it after checking the mounting locations for rust)
From the list the AT Shift Cable is the only thing a little uncertain to me.
I saw this Untitled Document
. Now I'm curious whether I need that "special tool". I can't seem to find it via a Google search.