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)
I just bought a 94 530i.. with 134k+ Ok so here is the story I bought this car and the guy told me it ran awesome and all that. I did drive it and just fell in love with the car. The engine looks clean and the inside of the 530 is really well taken care of. And now a week after buying it, it is starting to idle very rough in the mornings. After a while it will smooth out. Now here is the question I owe the guy (a friend of my boyfriends) 1500 more for this car I paid him 1000 already. Is this car worth me keeping? or should I just take my lose? I really know nothing about bmw actually I really don't know anything about cars period. I know about the nikasil engine problem now after I bought the car I don't think I would have bought this car knowing all that I know now. I know older cars need maintance and all but I don't want to pay thousands of dollars to fix it. I just need some advice should I keep this car or should I just give it back?
It kinda looks like you bought this car with eyes closed shut. What you describe could be a lot of things, so my recommendation is that you invest $100 or so (I know, that hurts) and take it to either a reliable BMW indy mechanic or a BMW dealer and have the car checked out. Make them print out a list of what they find, along with an estimate of what it will cost to fix. Armed with that information, you will be able to make a decision as to whether or not to keep the car. It also may provide you with a negotiation point as to reducing the $1500 you still owe. Don't just give it back!
When you own a luxury car like a bimmer, you have to accept the fact that it is going to cost you more to run. Membership has its rewards, but it's pricey! It will behoove you to find a good mechanic who will look out for your best interests. Good luck!
thank you for your advice. I have an appointment tomorrow with a bmw mechanic.. 90 dollars an hour. He is really well known around my area. I really should of become a bmw mechanic ha ha. Anyway I plan on having everything checked out. I really do love this car. And it might not be the time for me to have a bimmer... hmm. thank you though.
@jayarras. So I decided to run a car fax report and it shows that for the last 2 years this car has been being tossed around from car dealer to auction to car dealer.And we aren't talking little car dealers big name used car dealers. 3 auctions in 2 years (Nikasil? I think so). It has only had a few miles put on it in the last two years. Also so no info on any engine replacement. Which was a recall so I would think it would show up on car fax. I think I am just going to try to look under the car and see if i can find the numbers and if it is a nikasil engine then its going out and I have read that they cost 5k+ to fix. I think I would rather loose 1 thousand than spend money trying to figure out what is wrong and having to find out what I already know. What do you think? I did talk to the seller who told me he didn't have the money but he will take the car back.... ugh next time I go to buy a car I am not going to let the exterior fool me!!
Do you have the title? If so, try to unload the car for the agreed upon price you had with the seller, and then pay him off. That way, you walk away with no money out of pocket and all the wiser for your experience. If you don't have title, see if title holder will agree to letting you find another buyer. I would NOT just give him back the car because it looks like he sold it to you in bad faith (Hard to believe he didn't know the vehicle's history.) Tell him YOU don't have the money right now and he won't get it until you can sell the car first. That puts you in a much better position.
Lots of dealers are looking to take in cars for trade. They, of course, are going to know about the car's history before they accept it for trade, so see if they will cut you a good deal on a new set of wheels to give them incentive to sell you another vehicle.
I guess you learned your lesson, and will know what to do first next time. Good luck!
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