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 Post subject: Anyone own a 97-00 BMW 540i?
PostPosted: Wed May 09, 2007 5:16 pm 
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Got Powah?
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I'd like to see one up close and personal before I make a lowball offer for one out of state. Anyone?

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 Post subject:
PostPosted: Wed May 09, 2007 5:32 pm 
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Official Mustang Tire Corder
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Paging Dan Durusky.....

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 Post subject: we have a 1992 bmw 525i
PostPosted: Thu May 10, 2007 12:00 am 
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Location: purveyor of the ridiculous
if that helps any, good car most of the time

pete g


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 Post subject:
PostPosted: Fri May 11, 2007 12:51 am 
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Well, nevermind the question, I bought one! What an amazing car to drive. 2000 540i 6-speed with Dinan stage 4. Cosmetically not perfect but mechanically fantastic and the perfect family hauler. Picking up later this weekend.

Next up: For sale, 1999 Mazda Miata 10th anniversary, 46k miles, in better shape than the BMW.

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Mike Whitney
whit32@gmail.com, 919-454-5445
V10, V8, V8t, I6, I6, V6, F4t, I4, I4, I4, I4, I2, 1, 1


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 Post subject:
PostPosted: Fri May 11, 2007 6:06 am 
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MikeWhitney wrote:
Well, nevermind the question, I bought one! What an amazing car to drive. 2000 540i 6-speed with Dinan stage 4. Cosmetically not perfect but mechanically fantastic and the perfect family hauler. Picking up later this weekend.

Next up: For sale, 1999 Mazda Miata 10th anniversary, 46k miles, in better shape than the BMW.


Mike, did you drive all the way down to Huntersville to check it out yesterday? I think the last I saw him asking was 15,500 obo -- how did you do with it?

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 Post subject:
PostPosted: Fri May 11, 2007 8:10 am 
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Chuck Branscomb wrote:
MikeWhitney wrote:
Well, nevermind the question, I bought one! What an amazing car to drive. 2000 540i 6-speed with Dinan stage 4. Cosmetically not perfect but mechanically fantastic and the perfect family hauler. Picking up later this weekend.

Next up: For sale, 1999 Mazda Miata 10th anniversary, 46k miles, in better shape than the BMW.


Mike, did you drive all the way down to Huntersville to check it out yesterday? I think the last I saw him asking was 15,500 obo -- how did you do with it?


Yep, left at 2pm yesterday, shortly after we talked. 101k miles, getting it for $13,000. For a MY2000 it's a good deal despite the flaws, and he's a great guy to buy from. I think we may be brothers separated at birth.

It's no M5 but with 310 hp and 340 ft-lb of torque it's every bit as fast as the M3. If it's possible the 540i feels even more "solid" (you know, that "German" car feeling) than the M3 too.

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V10, V8, V8t, I6, I6, V6, F4t, I4, I4, I4, I4, I2, 1, 1


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 Post subject:
PostPosted: Fri May 11, 2007 8:27 am 
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MikeWhitney wrote:
Yep, left at 2pm yesterday, shortly after we talked. 101k miles, getting it for $13,000. For a MY2000 it's a good deal despite the flaws, and he's a great guy to buy from. I think we may be brothers separated at birth.

ROFL!

Quote:
It's no M5 but with 310 hp and 340 ft-lb of torque it's every bit as fast as the M3. If it's possible the 540i feels even more "solid" (you know, that "German" car feeling) than the M3 too.


Oh yeah, definitely. The E39 body structure made huge advances in torsional rigidity...the E36 feels like a flexi-flier in comparison. I'm guessing it's a bit faster than the M3, but it will be a WHOLE lot more fun to drive everyday since it has a vastly wider powerband...lots of torque down low.

That's awesome that you got it for what you thought you could, $13k -- sounds like a great deal. What were the flaws you mentioned?

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 Post subject:
PostPosted: Fri May 11, 2007 8:47 am 
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Chuck Branscomb wrote:
That's awesome that you got it for what you thought you could, $13k -- sounds like a great deal. What were the flaws you mentioned?


One funny thing I need to always get a feeling for is the "story" of a car's life. So this car was born in NC, purchased and regularly cared for at Flow for the first 68k miles of it's life until sometime in 2002. Like most $60,000 new cars, first/second owners tend to have the money to care for them properly. I have the BMW build sheet/recall info, clean carfax, and Flow's service history so it's well documented for the first 68k miles.

Then it was traded in at Flow and auctioned (over the CPO limit according to Flow), and fell into the Pit of Despair (NYC) for about 10 months. These appear to have been the hardest 10 months and 10,000 miles of the car's life. But it does have at least a few BMW dealer receipts from its stay in New York. I have to believe that some rich kid got it, grazed a signpost or mailbox or something, and mommy and daddy took the high HP car away from Junior and sold it quick. It has some (very good) paint work on the RR quarter (no carfax records), a few scratches on the trunk, a couple of minor door dings, and some rock chips. About average for a 7 year old car but below average for a typical 7yo BMW.

So the current owner found it on ebay in 2003 and flew (one way, bad idea) to NYC to pick it up. He got there and it was "a mess", but he took it anyways and drove it back to NC. I think he said he paid $24k in late 2003 at 77k miles.

He spent 3 years improving it, doing everything right mechanically, etc. I figure with the Dinan stuff, new ctrl arms, new wheels (had 4 bent M5 wheels on it when he got it), etc, he probably has put $10k in it in the last 3 years.

It's still got a few minor things, which is fine with me since I would be bored with a perfect car. Two of the rear window sunshades are stuck open, the Nav software needs an update (and I need to research the hack about how to use it as a TV!), rotors are old, and the interior needs some more detailing.

Bad depreciation curves for the last 3 owners if you do the math. And the market is really soft for these cars right now. Good for buyers like me though!

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Mike Whitney
whit32@gmail.com, 919-454-5445
V10, V8, V8t, I6, I6, V6, F4t, I4, I4, I4, I4, I2, 1, 1


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 Post subject:
PostPosted: Fri May 11, 2007 9:05 am 
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Sounds pretty good Mike. Hey, I just realized that I have a full set of OEM BMW pads from my 2002 540i that I took off the car when it had about 200 miles on it (went with pads that don't dust so much). Not sure if you want to run OEM dusters, but let me know if you're interested in them, and I'll try to bring them with me to Sanford.

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2019 BMW M2 Competition slicktop 6MT
2011 BMW M3 sedan slicktop 6MT
2007 BMW 328i wagon (slushbox for now)
1975 CanAm 125MX2


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 Post subject:
PostPosted: Fri May 11, 2007 3:09 pm 
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Mike,

You are my Hero.
AS well as having the distinction of the only client in my book of business that has as many vehicles as me!

Sincerely,

Cline Hall

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 Post subject:
PostPosted: Fri May 11, 2007 5:57 pm 
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Cool, man. I've had my 540i/6 for a few months now and im liking it a lot. Its a lot of car for the buck for sure. It has new shocks and i might throw some M5 sways on it and call 'er done.


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 Post subject:
PostPosted: Mon May 14, 2007 9:49 am 
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Location: Raleigh
So Mike when does the M3 get converted to the track car? Let me know and I may be interested in some of the interior parts!

Ron


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 Post subject:
PostPosted: Mon May 14, 2007 10:06 am 
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Ron Spencer wrote:
So Mike when does the M3 get converted to the track car? Let me know and I may be interested in some of the interior parts!

Ron


Going to be keeping full interior and streetable for now. Goal is to get safety equipment installed first.

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Mike Whitney
whit32@gmail.com, 919-454-5445
V10, V8, V8t, I6, I6, V6, F4t, I4, I4, I4, I4, I2, 1, 1


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 Post subject:
PostPosted: Mon May 14, 2007 10:42 am 
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Image

Image

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Mike Whitney
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V10, V8, V8t, I6, I6, V6, F4t, I4, I4, I4, I4, I2, 1, 1


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 Post subject:
PostPosted: Mon May 14, 2007 11:17 am 
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is that a DINAN STAGE FOUR! spoiler? :)

looks great in black. mine is boring silver


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