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E36 M3 (1992-1999) {Euro - S50 B32 321hp @ 7400 rpm} {U.S. - S52 B32 240 hp @ 6000 rpm}
Total Produced: 71,212 - Years Produced: 1992 to 1999


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Old Thu, Nov-08-2018, 07:28:25 AM   #1
silasbr
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Default A Barn Find? Almost

Hello Everyone,
Little excited here with the possibility of maybe joining this exclusive group and to make a childhood dream come true.
I have a friend that has a 1997 M3 Black with vader seats that is sitting in his garage and wants to sell.
He said the car has been sitting for about 6 years all garage kept under a cover.
He is second owner and has had the car for about 17 years now.
Used to be his daily driver and has around 130k miles.
He did rear strut tower reinforcements.
He was honest by saying that it needs rear brakes and he recommended me getting the cooling system overhauled.
Also showed me some minor scratches on the paint and a small hole on the back seats.
Other than the hole on the back seat, interior seems pretty clean overall.

I have read extensively the threads about most major issues the E36 M3’s have specially regarding roast in the chassis. There’s very little bubbling of rust on the edge of the trunk lid, there’s a little bit of rust right under the license plate near the trunk latch but other than that I did not see major rust anywhere around the car or under the car.
From looking under i did see that most likely the rear subframe needs to be replaced due to rust.

He did mention that it does run fine and no engine lights come up. Battery was dead and I couldn’t see it running.

We were initially talking around U$4000 before I had even seen the car. Now I’m not sure. I will go check it out once more since I only saw it at night.

Let me know what you all think? Should I go for it?











Last edited by silasbr; Tue, Nov-13-2018 at 04:29:52 AM. Reason: Text Color Change.
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Old Thu, Nov-08-2018, 03:04:46 PM   #2
NolliM3
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Default Re: A Barn Find? Almost

Get a pre-purchase inspection from a reputable mechanic familiar with BMW vehicles as ultimately you'll be the decision maker!
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Old Thu, Nov-08-2018, 03:08:09 PM   #3
silasbr
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Default Re: A Barn Find? Almost

Thank you!
I already have a shop here in Chicago that only does BMW’s. Will be though to get it there without plates, insurance.
Also he said one of rear brake caliper seem to be seized.

Last edited by silasbr; Tue, Nov-13-2018 at 04:30:18 AM. Reason: Text color change.
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Old Thu, Nov-08-2018, 03:19:43 PM   #4
NolliM3
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Default Re: A Barn Find? Almost

Quote:
Originally Posted by silasbr View Post
Thank you!
I already have a shop here in Chicago that only does BMWs. Will be though to get it there without plates, insurance.
Also he said one of rear brake caliper seem to be seized.
Here, I would make an agreement with the seller to split the cost to have a flat-bed carrier take it to that shop...(about $80 plus millage).
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Old Thu, Nov-08-2018, 03:23:53 PM   #5
silasbr
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Default Re: A Barn Find? Almost

Quote:
Originally Posted by NolliM3 View Post
Here, I would make an agreement with the seller to split the cost to have a flat-bed carrier take it to that shop...(about $80 plus millage).


Great Idea. Thank you!

Last edited by silasbr; Tue, Nov-13-2018 at 04:30:31 AM. Reason: Text color change.
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Old Thu, Nov-08-2018, 03:34:27 PM   #6
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Default Re: A Barn Find? Almost

Great find! Be prepared to change out a ton of hoses and possible rat chewed wiring...That rust looks like parts need to be changed out.
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Old Thu, Nov-08-2018, 03:41:55 PM   #7
97_4dr_5spd_m3
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Default Re: A Barn Find? Almost

I'd say get it running and then start talking money. Once it is running and you can go in and make sure that everything else works you can better tell where you stand with expected costs after purchase. Things like tires and the coolant system will definitely need to be replaced. A lot of the other stuff is cosmetic or easily fixable.

My opinions on PPIs has always been meh. Got one once and still had a $1000 bill a few weeks later. Shop said that it must not have been a problem then and the dealer had ammo to argue against me.
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Old Thu, Nov-08-2018, 04:35:31 PM   #8
Obioban
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Default Re: A Barn Find? Almost

Whever else happens-- drain the current fuel and put in new fuel before trying to turn it on at all! And engine oil.
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Old Mon, Nov-12-2018, 10:22:23 PM   #9
silasbr
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Default Re: A Barn Find? Almost

@krull thank you! Rats are one of my fears! But he put a battery on it and all non engine electrics seem to work fine.
@97_4dr_5spd_m3 I feel that given the amount of items that need replaced, the PPI would only be useful identification of bad rust spots on the under carriage.

@Obioban thank you for the tip. We’ll be replacing the fuel on the tank.

Now for some more pictures!




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Old Mon, Nov-12-2018, 10:43:06 PM   #10
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Default Re: A Barn Find? Almost

How long has it been sitting?
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Discussing A Barn Find? Almost in the E36 M3 (1992-1999) Forum - {Euro - S50 B32 321hp @ 7400 rpm} {U.S. - S52 B32 240 hp @ 6000 rpm}
Total Produced: 71,212 - Years Produced: 1992 to 1999 at BMW M3 Forum.com (E30 M3 | E36 M3 | E46 M3 | E92 M3 | F80/X)