I've happened across a 2002 LMB M5 with about 80K miles on it, however, seller has also been forthright and disclosed following:
- Car has a rebuilt title (seller indicates no frame damage, but I have no idea - he has provided pictures of the damage, but I wouldn't know. I do see from the pictures the wheel on the side the accident occurred is different from all other wheels indicating that the original got toasted, so I'm sure control arm and the rest also bit the dust too, but doesn't help me on the frame part).
- He's only owned the car for a year (a little under)
All of this originally tells me to go away and keep looking. But I love LMB and seller is close by which is convenient. Asking price was $19K.
Am I stupid to walk away just because of a rebuilt title? What does getting a rebuilt title involve - I always assumed it meant very extensive work, perhaps a write off from insurance. I'm also hesitant because he's owned for less than a year.
My head tells me to walk away, but....I'd love an M5. I've decided I'm going to continue searching for an M5 up to end of May and then admit defeat if I can't find one - just take over my wife's Jetta lease for a few years to save money for the next car.
- Car has a rebuilt title (seller indicates no frame damage, but I have no idea - he has provided pictures of the damage, but I wouldn't know. I do see from the pictures the wheel on the side the accident occurred is different from all other wheels indicating that the original got toasted, so I'm sure control arm and the rest also bit the dust too, but doesn't help me on the frame part).
- He's only owned the car for a year (a little under)
All of this originally tells me to go away and keep looking. But I love LMB and seller is close by which is convenient. Asking price was $19K.
Am I stupid to walk away just because of a rebuilt title? What does getting a rebuilt title involve - I always assumed it meant very extensive work, perhaps a write off from insurance. I'm also hesitant because he's owned for less than a year.
My head tells me to walk away, but....I'd love an M5. I've decided I'm going to continue searching for an M5 up to end of May and then admit defeat if I can't find one - just take over my wife's Jetta lease for a few years to save money for the next car.