Hi, sorry not sure if this is the right forum but I need some advice on a vehicle I am looking at upgrading from my 2001 BMW.
Found myself a generally tidy 2003 330i motorsport sedan in white, Had an agreed price of $17,000 before I had a pre-purchase inspection done at jeff grays.
Ill list most of what it has apart from the general things.
126000kms
Tan leather interior
ABS Brakes
Blistien shocks
Genuine 18" BBS Ch forged alloy rims
Slotted/drilled brake upgrade
Chromed brake calipers - ground and painted
Custom made strut brace
AC Schnitzer cat back exhaust system - custom quad tail pipes
AC schnitzer pedals and gear shifts (replicas)
Zeon Headlights
Multi Function steering wheel
New speakers
Rear Sub woofer
Reversing mirror
Warrant and rego expire in Dec 2013
Now after having it checked out by jeff gray it has come back with a few problems, I reduced my offer to 15k but they guy reckons he could get more for it, should I stick with 15k or is it still a good buy for 17k even with the problems listed below.
Power steering pipe from reservoir to pump leaking
Oil filter housing gasket leaking
Main drive belt cracking
Rear differential mount cracking
Rear Left tyre worn
Thermostat plug leaking
Vanos hose washers leaking
Reaction bushes excessive movement
There is still a couple minor things like broken clips and wipers etc but not biggys, to get it warrantable dealer has quoted $1100 to fix bushes, alternator drive belt and power steering. Not to mention I will still need a new tyre and the Rear differential mount fixed.
It overall is a very tidy car, so whats it worth... is it worth 17k as it is? Im thinking not with the k's or am I missing a bargain? Are the dealers finding excessive problems, the owner reackons they seem to find problems where there aren't any but id rather trust them than him to be honest.
Any expert advice please, ive left it for now but wouldn't want to miss out as its rare to find one like it.
Edit: Should also add the guy has had it around 2 years but only done around 7000kms in it.
