15k: Bold Roast: 1988 BMW M5 E28
The nice thing about looking for an E28 M5 is that you don’t need to select for paint/interior color since they all came as black coffee on the outside with a cream & sugar interior. The US market E28 M5 was only available in 1988 and just over 2000 were built making it one of the rarest of M-badged cars, but is still surprisingly affordable today. Find this 1988 BMW M5 offered for $13,950 via craigslist. Tip from Kaibeezy.
This 4-door sport sedan was quick machine when it left the factory and faster than just about anything with doors in 1988 (4 or 2!). The black paint on this one looks good in the photos, especially for the asking price.
No need for engine/trans option selection since they were all powered by the same espressocharged S38 3.5 liter inline six, mated to a 5-speed manual gearbox. This S38 is stock except for a Dinan chip which will probably make it good for a few more ponies than the stock 256 horsepower.
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They're cheap because the cost of an engine rebuild (which they will all need sooner or later) will total the car.
Every engine will need a rebuild sooner or later, your point?
The last four words of my sentence are the important ones.
So when it needs an engine pull the six and LS it and keep the six around and freshen it when money allows. Heck even a stock 5.3 truck engine should be lighter and produce similar numbers. And with a few mods(intake, cams, exhaust) and a tune should hit near 400hp.
Hear, hear!! 100% agree with William's comment. Its like we are twins separated at birth!
Except if you are going to do that, please start with a stock 535i. It is a much cheaper starting point, and you are not chopping up an original car. Because really, once you have a 400hp V8 in there, are you ever going to go back to the 256hp engine?
Why even do that to a 535i? It's not like those aren't desirable, either. Use a 528e.
Or an E36 325i for that matter!
or an audi
With bumpers like those, who needs a front porch?