The 530I Repair Project Continues (Photos)
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Joined: Jul 2005
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From: Bay Area, Ca
My Ride: 530i 2006 Jet Black w/tan leather. Premium package; Sport Package; Sat Radio
So you bought it in this condition right? After you are all done, how much money do you think you will save(not counting your time or the mods)?
Assuming a 2006 530i with 8000 miles on it is worth about $45k (USD)
Assuming a 2006 530i with 8000 miles on it is worth about $45k (USD)
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Joined: Jun 2006
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From: Los Angeles CA USA
Originally Posted by bitboy' post='334923' date='Sep 15 2006, 05:17 PM
So you bought it in this condition right? After you are all done, how much money do you think you will save(not counting your time or the mods)?
Assuming a 2006 530i with 8000 miles on it is worth about $45k (USD)
Assuming a 2006 530i with 8000 miles on it is worth about $45k (USD)
Because of the cost of parts, I am not doing as well as I would like on this project. I am looking at about $32,000 for this one. I try and come out 1/2 the market price. The 1997 993 Cab (911) and this car were higher due to the parts. I am not sure that a $13000 savings was worth the effort and the salvage title that this one will carry. Time will tell.
The other problem I have is I have lurked daily on this forum. As a result, I want a 550I or a M5. Also, this 530 does not have the comfort seats. After reading a recent post on those seats I want them too. My plan is to drive this car for 2 to 4 years then go for the 550 or M5.
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Joined: Oct 2005
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From: Thailand
Its looking good, I know a few guys who buy these kinds of car to fix up and sell it because they make a crap load off of it, but they say that the ride will never be the same again after an accident that bad, but I dono, so let us know how it turns out, i'll be interested to see how everything goes... congrats!! 
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Joined: Jul 2004
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From: Costa Mesa, CA
My Ride: Gone: 2004 525i Jet Black, Built 03/04, Premium Package, Black Dakota Leather, Halogen to Euro Spec Bi-Xenons Retrofit, Dark Poplar Wood Trim, Steptronic Breyton Spirit Reps 20x9F 20x10R - Nitto NT555 245/35/20F-275/30/20R, M5 Front Bumper, H&R Sport Springs, Chrome Grills, 20% Tint, Euro Reflectors, Debadged, Aux Input, CIP v19.x
good luck with the project
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Joined: Jun 2006
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From: Los Angeles CA USA
Originally Posted by rodneyremington' post='335316' date='Sep 16 2006, 08:04 PM
A salvage title is going to gut the market value of this car on the used market, I hope you are getting the bodyword very very cheap.
I would never ever buy a salvage car without knowing for sure it's history. There are some horor stories out there.
