Barn find E28 M5 .

Car99

I was in a shed doing some work and I saw an old E28 in there.
I asked the old lady who owned the shed about it and she said it was her late husbands and that when they relocated from the uk about 8 years ago that was their car. It been parked there for about 7 years still on uk plates . I asked if I could have a look around it to which she said yes.
So I had a walk round it , D reg , black in colour , a fair amount of rust here and there ,bbs basket weave alloys , beige leather interior, elec seats, M power 6 cylinder engine and a little M5 badge on the boot. Interesting.
Quick check of the vin num through real oem and it turns out to be a 1986 RHD E28 M5 . There's 168k on it .
I asked the lady would she sell it and had she any paperwork for it and she said she might and came back with a nice big service file.
I came back that evening with a battery and 5 gallons of fuel , quick check of oil and water and low and behold she started first time brakes are seized on though.The lady said she would sell it and asked me how much it was worth
Which is why I am here, I don't want to rip the lady off or overpay for it so could you good people put a value on it?

Kenny Logins

Ask her?

JJJJNR

How can a D reg still be on UK plates.

Kenny Logins

Ignore me. Somebody has to break the ice and name a price to start the ball rolling.. tricky situation alright..

Kenny Logins

JJJJNR wrote: »

How can a D reg still be on UK plates.

UK 1 August 1986 – 31 July 1987

Rhys Essien

This will give you an idea of price.

http://www.carandclassic.co.uk/classic_cars.php?category=&make=10&region=&country=&era=8&advert_type=&price=&keyword=e28&S.x=48&S.y=26

Kenny Logins

Rhys Essien wrote: »

This will give you an idea of price.

http://www.carandclassic.co.uk/classic_cars.php?category=&make=10&region=&country=&era=8&advert_type=&price=&keyword=e28&S.x=48&S.y=26

£5795 to £23995? :pac:

911s

JJJJNR wrote: »

How can a D reg still be on UK plates.

In Ireland a 'D' in centre of plate means Dublin reg. In UK a 'D' at start of reg means 1986/87 reg, commonly referred to as a 'D' reg.

Rhys Essien

One here asking £23,995. sterling :eek:

Id be saying "Missus,will ya take €3,000"

http://www.carandclassic.co.uk/car/C374074

PyeContinental

5 gallons of fuel?
Anyway, I don't know how much it's worth but I'd like to see some pics in situ.

Kenny Logins

Rhys Essien wrote: »

One here asking £23,995. sterling :eek:

Id be saying "Missus,will ya take €3,000"

http://www.carandclassic.co.uk/car/C374074

TBH, if it has been sat up that long it'll need a good bit of work to get back on the road. Bill could easily run into thousands...

Is the rust only on the bodywork and relatively easy to sort? If so I imagine anything in the €1500 region would be fair enough. If the lady accepted €1500 I don't think you'd be after wronging her

Although as it's on UK plates and would currently attract VRT it might well be worth less, few years away from vintage tax too.

Rhys Essien

Very True.Would 2-3k seem fair then?

spyderski

You'll be spending €5-10k to get it anywhere near right if its in the condition you've described. Then it'll be €2,000 per year to tax for the next 3 years.

As you've described it I'd say a grand is fair value for both parties.

Car99

I was think somewhere between 2 and 3k after a bit of research looks like you could easily spend 10k putting it right. I wouldn't mind putting 13 k into it if it was worth that or more when finished. If I had to break it would i get 3k back. RHD rare by all accounts only 186 made if google is correct. Decisions decisions.

Car99

PyeContinental wrote: »

5 gallons of fuel?
Anyway, I don't know how much it's worth but I'd like to see some pics in situ.

5 gallons to thin out any dead fuel that might have been in the tank luckily enough I only put in two gallons and she started up.
I'll ask can i take some photos.

Rhys Essien

These lads might give you better advice

http://bmwclassicsireland.com/

Car99

RoverJames wrote: »

Is the rust only on the bodywork and relatively easy to sort? If so I imagine anything in the €1500 region would be fair enough. If the lady accepted €1500 I don't think you'd be after wronging her

Although as it's on UK plates and would currently attract VRT it might well be worth less, few years away from vintage tax too.

I reckon if I got it by the time it's finished it would be eligible for vintage tax and €200 euro vrt if that's still an option in 3 years time.

Bigus

Car99 wrote: »

5 gallons to thin out any dead fuel that might have been in the tank luckily enough I only put in two gallons and she started up.
I'll ask can i take some photos.

Just buy it, Rj s figure of 1500 would be fair.

Kenny Logins

Bigus wrote: »

Just buy it, Rj s figure of 1500 would be fair.

This. If it were me, and I had somewhere to keep it, I'd offer ~€1500 and keep it as a long term project. Aiming for somewhere between 1st August 2016 and 31st July 2017 to complete.

Rhys Essien

OP,three words....you lucky ba$tard

Post up the pics when you get a chance.

spyderski

Car99 wrote: »

5 gallons to thin out any dead fuel that might have been in the tank luckily enough I only put in two gallons and she started up.
I'll ask can i take some photos.

The 3.5 straight six engine is bombproof. I have the similar (non-msport) engine in a 635csi and it starts 1st time, even when its been laid up for the winter.
The main problem with 80's BMW's is rust - especially as this one spent most of its life in the UK - road salt eats the metal on these things.
Check the inner wings, arches, door sills and underneath. If the rust is really bad it would make the car uneconomical to repair.
The good thing is most of the parts are still available from BMW, although v. expensive.

Car99

Going to offer her €2500 and not charge her for the work I did. I want to be fair and I'm looking at it a a 3 to 4 year project. Wish me luck. I'll let ye know how it goes.

Kenny Logins

spyderski wrote: »

The 3.5 straight six engine is bombproof. I have the similar (non-msport) engine in a 635csi and it starts 1st time, even when its been laid up for the winter.
The main problem with 80's BMW's is rust - especially as this one spent most of its life in the UK - road salt eats the metal on these things.
Check the inner wings, arches, door sills and underneath. If the rust is really bad it would make the car uneconomical to repair.
The good thing is most of the parts are still available from BMW, although v. expensive.

I do too. Are there many owners on here?

Red Kev

Car99 wrote: »

I reckon if I got it by the time it's finished it would be eligible for vintage tax and €200 euro vrt if that's still an option in 3 years time.

If the car was originally hers you might get her to sort out the VRT as it will be €0. If she was the owner of the car in the UK it shouldn;t cost them anything to VRT it here. It might be a bit of work with the tax office but should be doable.

Car99 wrote: »

Going to offer her €2500 and not charge her for the work I did. I want to be fair and I'm looking at it a a 3 to 4 year project. Wish me luck. I'll let ye know how it goes.

It's fair enough, though I'd go for €1500-€2000 myself.

This is presuming that the rust isn't too bad, but it will might probably need an outside respray to bring it up to scratch.

If it was mine I'd change all brake discs and pads along with giving the brake lines a possible full overhaul, this can easily run to €2000 if you can't so it yourself. It'll need new tyres as well which will be another €700 with fitting and tracking.

Needless to say all fluids, filters need to be changed along with a full service, you'll also need to clean the tank properly and maybe change some hoses and pipes that have deteriorated along with any worn suspension parts or bushings etc.

Best of luck with it, hope you get her on the road again, a car like that deserves to be out and about.

Car99

Bought it, now it goes in to my shed until I have time to restore it. Cheers for all the inputs.

Basil Fawlty

Any chance of some photos? I love those M5s

Car99

I'll start a thread on the resto when the time comes, she's nothing special to look at at the moment , exact same as a standard E28 bar the full leather interior , mechanicals and shadow line trim. I'll not post any pics till I get working on it.

galwaytt

Car99 wrote: »

I'll start a thread on the resto when the time comes, she's nothing special to look at at the moment , exact same as a standard E28 bar the full leather interior , mechanicals and shadow line trim. I'll not post any pics till I get working on it.

Aaaaaaaaaaaaaargh !! :eek:

Not Fair !

galwaytt

....on a similar note - I'm saying anymore, owner has things to consider - but this has been found in Ireland in the last week :eek: :eek: :eek:. Parked in a garage untouched for 25 years. This is not made up - I took the pics







Original, Irish-reg, 1-owner since 1958 (iirc.........)

I thought all this stuff had been dug up years ago.........

Kenny Logins

More details please.:D

Car99

galwaytt wrote: »

....on a similar note - I'm saying anymore, owner has things to consider - but this has been found in Ireland in the last week :eek: :eek: :eek:. Parked in a garage untouched for 25 years. This is not made up - I took the pics







Original, Irish-reg, 1-owner since 1958 (iirc.........)

I thought all this stuff had been dug up years ago.........

I'll swop you.

galwaytt

Kenny Logins wrote: »

More details please.:D

I wish I could.......but owner needs to consider his options atmo........I have 2 people chomping on the bit to buy. I'd love to do it, but the numbers involved are......let's just say I could have a modern used 911 Turbo Cabriolet.......for less !!

unkel

Car99 wrote: »

Going to offer her €2500 and not charge her for the work I did. I want to be fair and I'm looking at it a a 3 to 4 year project. Wish me luck. I'll let ye know how it goes.

I'd say that is very fair. The car is going to be worth quite a bit when done, but that will take a lot of money and effort

That said, the car as is, is worth a lot more than any €1k banger

I reckon you scored yourself some karma points here

Good luck with the resto and keep us updated! Picture thread is a must or you will be banned from this forum

PyeContinental

A picture for inspiration?

This is one of the nicest E28 M5′s we have ever seen ... We’ve always loved the way the black taillight trim looks as compared to the chrome units on the standard E28′s.

http://bringatrailer.com/2008/02/20/fantastic-first-generation-1988-bmw-m5-sedan/

Do-more

PyeContinental wrote: »

A picture for inspiration?




http://bringatrailer.com/2008/02/20/fantastic-first-generation-1988-bmw-m5-sedan/

From the comments in the link above this bit is ominous given the OP's car is showing 168K

The high mileage (151k) will make it hard to get this kind of money. The S38 motors usually require rebuilds between 150k and 200k miles. Some have gone over 200k before serious work, but others have had catastrophic failures at 100k or less. That matters when a rebuild will cost about $15k.

Bigus

Do-more wrote: »

From the comments in the link above this bit is ominous given the OP's car is showing 168K

American bull****, and the op's engine could have been rebuilt already.

RobAMerc

I am very very jealous, I have no idea whats a fair offer. In fairness by the time the next person found it there may be nothing left - so whatever figure ye ar both happy with is the right one.

btw - have a look at this Harris on his M5. Love him or hate him ( or just be jealous ) he knows about motors and truly loves them.

Marlow

Definatly a fair offer. Good luck with getting your fingers on the M5. Very lucky find.

/M

Big Nasty

POGTFO OP!!!!

kev1.3s

http://cars.donedeal.ie/for-sale/vintagecars/4863257
Is this the car by any chance?

Basil Fawlty

Thats an M535i not an M5

DC72 138 0203 5' E28 Saloon M535i ECE R M

Kenny Logins

kev1.3s wrote: »

http://cars.donedeal.ie/for-sale/vintagecars/4863257
Is this the car by any chance?

Spotted that earlier. It's a 'C' reg.. Hmmm

Marlow

Basil Fawlty wrote: »

Thats an M535i not an M5

DC72 138 0203 5' E28 Saloon M535i ECE R M

Aye. Can also be spotted on the little things, like that it only has a "///M" badge, not a "///M5" badge. And rebadging is a more modern thing

/M

Car99

Basil Fawlty wrote: »

Thats an M535i not an M5

DC72 138 0203 5' E28 Saloon M535i ECE R M

And it's not black also that M535 has the optional extra body kit which was also available on the M5 which thankfully IMO my M5 does not have.

Itsfixed

Yes, i agree, much better without the body kit.

Do join us over on BMW Classics Ireland, stick up up thread in our project cars section as we'd love to follow your progress.

Come along to our show on 23rd June in Straffan. That could inspire you to get it ready for the 2014 show!

Torq

So? What ever became of this barn find?