Haha! Bang-for-buck bargain!

Soldato
Joined
2 Mar 2004
Posts
11,919
Location
SE England
What does 500 quid get you these days? A nice watch? A computer? A set of tires?

How about this?

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:D

It's a 1994 540i, one of the rare 6-speed manuals. It's done, staggeringly, a shade under 180,000 miles but has full service history and a mountain of previous paperwork - it's even got an MOT until January, recently been serviced, had new cats, two new front tires and a new BMW battery!

It hasn't seen polish, nor a decent clean, for years - it's photographed just as it rolled off the transporter (and after drifting up and down our dirt track for a bit) - so is rather unkempt looking to say the least.

Inside is dirty, but serviceable:

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Both driver and passenger leathers are, remarkably, relatively unworn - there's no rips or tears but they are quite creased with age so will need some TLC. Some of the minor trim needs some fettling too and I think, ideally, the driver's carpet could do with replacing. No biggy, though.

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Armrest is unworn which is, again, quite remarkable.

Under the bonnet isn't bad either:

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.......although the engine top cover is missing - it's in the boot. It's recently had the PCV system overhauled which is why the cover was off. This 4.0 is an Alusil replacement so doesn't suffer the corrosion issues of the earlier Nikasil engines.

Specs are a relatively healthy 290BHP, 300ft.lb and 0-60 in 6.2 seconds for the manual - not overtly rapid but then it does weigh 1600kg+.

Amongst other things, this 540 has throwing star alloys off the M5 (although I'm not sure if they're genuine), clear indicators all round, stability control, air con (needs a condensor but works), cruise, ABS, PAS, traction control, total closure, a Thatcham alarm system, M-Technics suspension (lower and stiffer), the upgraded interior light package, vented and dotted discs, heated headlight washers, one touch windows and sunroof, on-board computer and more.

It reputedly has an LSD as well but I've not established that yet - although I have found it's been chipped and has a K&N filter. Rather alarmingly there's no limiter so it spools up and over 8k with ease.

The 540 only arrived yesterday - so I've yet to really go through it with a fine tooth comb. So far on the list of things requiring attention are:

- Lower front track rod ends need replacing
- Passenger front electric window stuck
- On board computer needs new backlights
- Dash needs switching to correct manual one (in the boot)
- Air con needs a new condensor
- Some light cosmetic rust to front edge of bonnet, rear edge of boot and front wheel arch corners
- Fuel lines by tank aren't too clever (new, but incorrectly fitted so rubbing)
- Whole car needs a damned good clean :D

The only other thing that I really need to look into is the clutch - it's very heavy and the biting point is quite high, which may just be down to the fact that it's old and wearing out. It still grabs, however, and drives just fine - It doesn't matter too much, as with all the torque on tap you just drop the clutch at idle and it picks up and goes, so doesn't require much concentration or effort.

Other than that, it runs and drives very well and even rides nicely without ominous clonking or groans. There's no overheating, even when sat for ages, no oil or coolant contamination, and it feels like all 300ft.lb are there - you can get into 6th just rolling along at 10mph and it'll just burble down the road.

My first port of call is just to give it a thorough clean and check everything over. What I'm going to do is either patch it up and make sure it's presentable, and either keep it or sell it on - or, unfortunately, break it for parts.

These cars are, for the most part, worth more in component form than as a going concern which is a shame - but quite often the case. Depending on what needs doing, this may be the route I tread - as I'd really quite like some parts (the OBC, the wheels maybe, the lights) for my 525i and I could split the rest up and cash in on it.

............and that means I could keep the engine and box for something much, much more interesting and replace the clutch (if needed, may just need bleeding or be a hydraulic issue) out of the car........ :D


I will post up some more pictures and details later as I start to dig a little deeper, to see what's what. A good wash, polish, hoover, feed and a little TLC will no doubt have it looking a million times better.
 
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Wow thats incredible to get one of those for £500 - the interior looks very tatty which I guess explains the price a bit but nothing a new one from a breakers wont sort.

A mint E34 540i usually commands quite a bit of dosh these days!
 
Can I have it when you're bored? I really have a soft spot for these. :cool:

Looks like you'll have a fun time cleaning it up too - I cleaned my inlaw's Civic a few months ago which they'd basically been using as a mobile skip and a dog carriage for a couple of years. It took ages, but looked good afterwards.
 
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I'm guessing the MPG values 30 and above are there just for comedy value :p
 
Hi mate

Car looks great - pretty much what you told me las weekend when you had first seen it.

In black with the throwing star alloys it looks rather good!

Breaking it for parts is just wrong ya hear??? As Fox says these could be worth a useful bit of cash, and the things that need fixing shouldnt be all that bad?

Anyway, I reckon you're gonna enjoy playing with it whatever you decide!

:D
 
Right, first I thought I'd start by cleaning the interior - just got in, and I apologise for the shoddyness of some of the pictures, just down to poor lighting.

First I binned all the junk floating around in the car, and sorted out what was worth keeping. I found a spare flashlight for my other 5, which was nice - so now it's complete :D

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I started in the boot:

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Pulled it all out and wiped it down, hoovering out any large debris:

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Tried a few spots of Autoglym foaming cleaner:

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....and put it all back.

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Could still do with further improvement - but it's a start and doesn't smell dank and old any more.

I moved inside next - starting by pulling out all the hideous overmats. Underneath, I was pleasantly suprised to find remarkably good order original carpets:

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The leather on the driver's seat is tired but a good feeding and treatment kit would probably sort it right out:

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Steering wheel, however, has had it:

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Original medikit intact and complete, right down to the scissors and manual. Ace! This slots under the passenger seat and clips in.

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I then spent some time vacuuming, foaming and sweeping the carpets:

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.....and then wiped down the whole interior, firstly with water, then antiseptic wipes, finally spray cleaning the leather, then treating it:

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Blaaaaaaaaaack!

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The leather still needs further treating and a colour kit - but is perfectly saveable, soft and comfortable - the flash treats it a little hard as it shows up all the cracks!

Now, this was just a quick two-hour session to prep the car for it's inspection - so it's clean, easy to work on and not a total state. It allows me to properly look at what's what and see what may need doing - consequently it's no pro finish, just serviceable :)

The pair:

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Now, running swiftly out of time and daylight, I quickly chucked a bucket of water over it, mopped it down, sprayed some cleaner on the alloys and blacked the wheels, just to get an initial impression - albeit with it wet.

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Tomorrow I will polish it and give the exterior a thorough going over to identify any rust spots or trim issues. I'll also start going through all the electrics and onboard systems to see what is working and what isn't, and what I could do about it. One thing that sprung to mind is that I'd like to remove the tints - as they make it too dark inside and it just looks a bit gash, to be honest.

Not a bad start though! My other 5 is considerably cleaner, to say the least - just look at the engine bay! The car hasn't even been cleaned for a few weeks!

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Had a bit of a thought regarding the clutch too - it's very similar to that of my old Corvette (again, V8 and a beefy manual transmission) - the pedal weight and action are much the same, so maybe I'm being too critical of it. The clutch in the 525 is featherweight, hence my comparision - but an unfair one. I will look into it further.

Quite entertaining though, got back in the 525i and damn near put my foot through the floor!

Anyway, onwards!
 
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Awesome!!. :D

Although I imagine if it did start going "wrong" it would turn into a money pit. :p

That said, you could probably flog the alloys for a few hundred quid tomorrow if it did stary going awry. ;)
 
If they are genuine throwing stars, they're worth about 300-400 quid on t'bay - plus I've got nearly new tires all the way around. Regardless, easily sold for a few hundred at least as you say :)

Manual gearbox is worth a big chunk of change too - along with the flywheel, engine, diff, interior electrics, cruise module, things like that.
 
Ok, as Howard already mentioned - Where the hell do you find these cars??!!. :p

Having a scan through my local classifieds, £500 would get me a tatty heap of claptrap.

You still got the Mille btw?. I can't recall if you still have it? ( memory like a hen :D ).
 
why is there nothing like this about when I have cash to waste! was looking for a 540 for a while without any luck, you jammy git :D

where did you buy it?
 
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Stunning deal mate, but... put the orange lenses back on... that's a car that really, really doesn't suit detangoing.
 
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