I'm in the market for a 2003 540i with the M-sport package: I drove one and it was a superb ride suspension wise, except for the owner, who claimed he just gave the car a level 2 inspection himself, he's an excellent mechanic, just didn't have the reset tool, no receipts though, yet the car had no bars and when I gave it half throttle in sixth gear at 1500 rpm, the engine started misfiring and it set the SES light on (I remarked on it, he claimed I set it off by driving the car like that: in my world, the SES light shouldn't come on just cause you're driving in sixth at half throttle, right?). So I passed. I saw this car on eBay:
My issue with that car is it looks like someone took a trip through the parts store and bought one of everything. My experience has been that most people don't do very good work when adding things to their car. It might look nice, but as you peel back the layers, you'll find lots of things that need attention. For that reason, I'd rather buy a car that's completely unmodified, even if it's a little neglected.
I'm in the market for a 2003 540i with the M-sport package: I drove one and it was a superb ride suspension wise, except for the owner, who claimed he just gave the car a level 2 inspection himself, he's an excellent mechanic, just didn't have the reset tool, no receipts though, yet the car had no bars and when I gave it half throttle in sixth gear at 1500 rpm, the engine started misfiring and it set the SES light on (I remarked on it, he claimed I set it off by driving the car like that: in my world, the SES light shouldn't come on just cause you're driving in sixth at half throttle, right?). So I passed. I saw this car on eBay:
...
gave it half throttle in sixth gear at 1500 rpm, the engine started misfiring and it set the SES light on (I remarked on it, he claimed I set it off by driving the car like that: in my world, the SES light shouldn't come on just cause you're driving in sixth at half throttle, right?). So I passed.
...
Good move taking a hike. The seller is either
A) an incompetent mechanic - no-one competent would say that an SES would illuminate without an engine fault of some sort
B) a good mechanic who is truth challenged - knows there is a fault but thinks he can pull the wool over your eyes.
In either case, you wouldn't want to take over his problems while paying for the privilege.
I'd say if you want the 2003 Factory M-Tech M-Sport, wait and get that car. Early cars are not bad, but are not as valuable as a true factory M-Tech car.
If you do go this route, the car seems fine with the typical forum folk "add-ons." I would like to inspect it to see how well the paint was done. BMW never offered color matched trim for the M-Tech bumpers. So, you will want to check the finish to see if they sanded it or painted it rough. It has aftermarket wheels which are not as nice as factory wheels. Also, watch the aftermarket exhausts because they can drone which may or may not be problematic. If you are close by, go take a look at it and evaluate it.
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