Join Date: May 2013
Location: Toronto, Canada
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|5-Series (E12,E28, E34, E39, E60) Chat relating to the BMW 5-Series of all generations. Specific models include: BMW 518, BMW 520, BMW 520i, BMW 530i, BMW 528i, BMW 530i, BMW 518i, BMW 524d, BMW 525i, BMW 525e, BMW 528e, BMW 540i, BMW 535i, BMW 520d, BMW 525td, BMW 525d, BMW 530d, BMW 525i/xi, BMW 530i/xi. (BMW 5-Series Forum)|
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Welcome to Bimmerwerkz from a fellow Canadian.
I hope you got a PPI done prior to purchase, especially on an M5. Sounds like you might not have though. All this stuff can be fixed though so dont worry.
Usually a tranny rebuilt and re install including labour runs around $2,000. Removing the tranny alone is a labour intensive process. While the tranny is out, make sure to replace the clutch and flywheel. You wont want to pay for it to be done a second time.
What kind of a rebuild are you looking at? Full engine out, strip down rebuild? Is the mechanic doing ALL the work or will you be doing some? I think $6,000-11,000 is high unless your going for full engine out rebuild. A standard head off rebuild should run you around $3,000. The block can stay in the engine. You just need to remove and plane the head and replace the headgaskets. While its off, replace all rubber hoses, lines or any hard to get plastic parts. Rubber and plastic break down over time and fail. Better to do it when the head is off and things are easy to get to.
Any other questions, feel free to ask.
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Just my 2c worth, depending on how bad the rust is and where it is, you may want to look for another car with a good body and poor mechanical condition, and combine the best of both vehicles into one car. Good luck, it sounds like you have a lot of work in front of you. Make sure you keep a good photographic log of your progress.
Your better off welding in new metal. Fiberglass isnt as stong and usually looks like shit.
Their was a guy in Sweeden/Finland (somewhere) that did a full frame off restoration to an E36 Alpina. Take a look at his thread below to see what he did for rust replacement. Very impressive IMO.
Alpina B3 3.0 E36 -94 Restoration - BMW M5 Forum and M6 Forums
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