I figured you guys would give me the best advice.
I have the opportunity to buy a 1997 BMW M3 for $1,000.
Here is the details:
Doesn't have a lot of service records
Very clean exterior and interior
Seen the CarFax. No red flags besides the salvaged title.
My question is...is the unknown worth the risk at $1,000? I would use it as a commuter car and probably put 1500-1800 miles a month on it. I would love to get 1-2 years of use out of it. But I know if one big repair is needed I'm SOL.
What do you guys think I should do?