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E28 (1982 - 1988)

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  #1  
Old 04-20-2011, 10:56 AM
Hous3 Hous3 is offline
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Location: DC
 
Join Date: Apr 2011
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Mein Auto: '05 X3
86 535I with 96k miles? Possible?

Hi I am thinking of buying an 86 535i, will go to see it this weekend, wholesaler says the car has 96K miles, no rust, and good paint but no service documents..i find it hard to believe a 25 year old car can have such low miles...any way i can check to see if the meter has been turned? They are asking $2800 what would be a fair price if it is running condition? Any tips on what i should be looking at when inspecting the vehicle?
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  #2  
Old 04-20-2011, 04:53 PM
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catso catso is offline
catso
Location: Chicago
 
Join Date: Dec 2009
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Mein Auto: 2000 323i, 1988 528e
Quote:
Originally Posted by Hous3 View Post
Hi I am thinking of buying an 86 535i, will go to see it this weekend, wholesaler says the car has 96K miles, no rust, and good paint but no service documents..i find it hard to believe a 25 year old car can have such low miles...any way i can check to see if the meter has been turned? They are asking $2800 what would be a fair price if it is running condition? Any tips on what i should be looking at when inspecting the vehicle?
Carfax or Autocheck should give you a history which will include the mileage at various intervals. It may be rare, but there are cars over 25 years old with 96K or less. Many times they're second cars and aren't driven everyday. My '88 528e only has about 115K. Mileage is only one indication of condition. Drive it and look it over top to bottom if you're going to buy it. A rather common problem with older BMW's is the odometer gears failing. That would be very difficult to detect if it was repaired and may affect the true mileage.
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Old 04-21-2011, 12:15 AM
BOBO15 BOBO15 is offline
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Location: PA
 
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Mein Auto: 03 325 xi and 86 535i
Pretty fair price if miles are true. I have an 86 535i with 165k and it runs like a beauty. These cars are known to last 200k + easily. I also see 86-88 535i 200k for sale asking price of $2000. I don't know who is buying the cars with that high of mileage but somebody must. At the same time I feel like my car will run forever as long as I keep it. Always go $500 less than asking price, Most people ask more then their minimum selling price. Hope this helps a little. My car was originally $34000 back in 86 off the lot, so your getting a true luxury sedan.
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