Found a 2001 E38 740il for sale locally. I’m looking at picking up another flip car to provide some holiday bucks, but could use some wisdom.
136,000 miles, black over tan. mid-range in options.
Interior is clean, everything works, busted LCD screen on cluster, busted cupholders. I can easily make the interior 9/10, it’s maybe 7/10 right now.
Body also pretty good, but has some rust on bottom rear corner of all doors. Also quarter-size bubble in right rear fender above tire. I live in Ohio. Underbody is pretty clean from what I could crawl under to see.
Mechanically, rough. Definitely needs valve gaskets, power steering hoses, diff seals, front brakes. PS pump also suspect. Runs fine, leaks are not bad, not good. Newer radiator and W/P with paperwork for that.
Runs, rides and drives fine. The guy won’t budge from $2300, I’m trying to get a 20-25% margin on resale. Is it feasible (barring unforseen calamity)?