Pulled the pin on a 2001 grenade / bought the cheapest clean title m5 - BMW M5 Forum and M6 Forums
E39 M5 and E52 Z8 Discussion 1998-2003 Advertiser's Forum

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post #1 of 35 Old 3rd January 2019, 06:41 PM Thread Starter
OjaiM5
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Pulled the pin on a 2001 grenade / bought the cheapest clean title m5

Hello M5Board! I just made the best (worst!?!?!) decision ever. I went to look at a 2001 M5 that was advertised on CL on the 1st of the year.
I drove it and it ran really well however needed so much work that I thanked the owner and said that I would pass on it.
He said if he could take the huge speaker box and amp out of the trunk he would sell it for $7,000. I tried to walk away but my legs wouldnít let me.
The car is beat.
180,000 hard miles
Front seats are trashed
suspension feels like a Tijuana taxi
Broken drivers mirror
cars smells like cotton candy vape and air fresheners
crusty vinyl wrap on the roof
brake pedal is soft until it is pumped
hood cable broken
bad carbon fiber kidneys fell out
Tires are gone
headlights need refinishing, random LEDs, I am suspect about the the ballasts being legit, front plate mounted funny,
has the p0412 and P0441 (carbon build up and fuel breather valve) - hopefully a shark tune will clear this up
many other little things that need fixing. It is going to be a big project!

Some positives!
It is fast, surprisingly
Nice square set MVR Wheelset
short shifter with zhp knob
Neat Brushed interior trim - not vinyl
Fairly nice interior, fold down rear seats
carbon vis hood - would prefer not to have this but it will work for now
interesting front carbon splitter
Body is in pretty good shape
has some suspension modifications - havenít checked what brand yet
A/C works
basically all electrical works
Has 1/2 of a muffler delete - there is one one each side. Never seen this

The plan for the car -
I would like to drive it and tack it - it is too far gone to try and make it original
Make it safe
replace all fluids
fix the codes / get smogged
rebuild all of the suspension
new tires
New seats - possible Cobra, Sparco or Recaro
Tinker on all the little details
Wish me luck!




1/2 of a muffler delete! But the car is so loud

someone was doing burn-outs




extras! a vape pen, that new car air freshener, horrible front plate mount, strange carbon kidneys, and thankfully the correct oil!
Oh yeah, is this a vanity plate that says sexy973???? haha


Will update as I get stuff done!
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post #2 of 35 Old 3rd January 2019, 06:52 PM
KevinM
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Good luck man - the car won the lottery!

Something tells me that you and Clemster are going to become close acquaintances...

Kevin

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post #3 of 35 Old 3rd January 2019, 06:57 PM Thread Starter
OjaiM5
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post #4 of 35 Old 3rd January 2019, 07:06 PM
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Wait...half a muffler delete?! Who...who does that?



Oh you found a vape pen...OK it all makes sense now.


Getting it safe enough for track duty is definitely the best thing you can do as that Beast needs a tremendous amount of work. But for $7k it's hard to pass up.


Looking forward to your updates!

'03 M5 | 987.2 Cayman | @kian.ski
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post #5 of 35 Old 3rd January 2019, 07:45 PM
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NICE!!!! Sometimes a good car deserves a second chance and loving owner. Good luck!

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post #6 of 35 Old 3rd January 2019, 09:01 PM
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Man dude, I bet you'd be blown away at what Leatherique would do to those seats, especially if you coupled their black leather dye with it! It would do them WONDERS even just alone without dye.

New (old): 2003 E39 M5 TiAG
Old: 2001 E46 330i Steel-Grey Metallic (Totalled)
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post #7 of 35 Old 3rd January 2019, 09:05 PM
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Oh wait, my bad, I didn't see the stitching torn like that when I first looked, just thought it was all dry cracking, but not torn stitching.. dang. New seats and grille in order asap!

New (old): 2003 E39 M5 TiAG
Old: 2001 E46 330i Steel-Grey Metallic (Totalled)
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post #8 of 35 Old 3rd January 2019, 09:25 PM Thread Starter
OjaiM5
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Ah, no wonder it is SO loud.
The resonator has been removed. I am running on two mufflers, so odd.
What do you guys think is a good fix? Add good rear mufflers only? Buy a Resonator and do full muffler delete?
Thanks
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post #9 of 35 Old 3rd January 2019, 10:50 PM
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Quote:
Originally Posted by OjaiM5 View Post
Ah, no wonder it is SO loud.
The resonator has been removed. I am running on two mufflers, so odd.
What do you guys think is a good fix? Add good rear mufflers only? Buy a Resonator and do full muffler delete?
Thanks

Add the resonator and do a full muffler delete. Loud enough to be enjoyable while eliminating drone.

'03 M5 | 987.2 Cayman | @kian.ski
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post #10 of 35 Old 4th January 2019, 01:07 AM
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Props on picking that up. I don't think it looks to bad from the photos. Shame on the seats cause the hold up incredibly well. If you like projects this one can be fun. Enjoy.

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2001 Audi S4
2004 Honda S2000 - Sold
1991 Porsche 911 - Sold
1991 Audi 90 - Sold
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