E36 M3, Need Advice

[HuGo]

Ok, so my job bought in a silver 99' 5spd silver M3. Its missing driver side door handle (well it has the handle to pull it up but doesnt have the outer part) missing 1 foglight and the ugliest part, it has dual exhaust. Its lowered (not sure what kind of suspension) I can buy the car for 10gs plus titles and paper work. Now heres the problem, it has frame damage in the quarter panel on passenger side. According to the "buyers" from our store, they did a good job for someone who doesnt know wont be able to catch.

Im wondering if 10gs is ok, and how much do the M3's go for? As far as i know a good condition M3 is atleast 14gs? Im thinking that after everything, the car might cost a little under 12gs. Now i just want to buy it to resell it. But im scared to buy it cuz if i cant sell it ill be forced to keep it. Now im wondering how much i can sell this car for without the person buying wont spot the frame damage. Yes i know its cruel, but hey, we all need money. The funny part is that if they were to look up the VIN, it wasnt reported in an accident.

I need to recover the money i lost in putting my car back to its normal form before the accident that happen to my car.

[marleymon]

hugo- you live at home...right? you shouldn't even have the cash to handle this. Fasfa does not count.

Instead put some full coverage on that e46 you say you have.

Also selling a car with known frame damage making it unsafe to drive is illegal....

[DustenT]

Screwing someone else over in order to make money or get ahead is probably the worst thing you can ever do.

You have this highlighted in your signature: "What You Reap Is What You Sow". I'm sure you understand that you generally get back what you put into life. If you are generally a nice guy and don't screw people over, you will usually get treated the same way back. If, on the other hand, you knowingly sell someone and unsafe, damaged car...you are just asking for trouble. What if that person dies and it's because the car wasn't fit for the road?

Go or finish college, get a good job and make money the same way the rest of do, by working hard...not by deceiving people to make money.

[Panzer_M]

Doesn't cali have Lemon Laws?

Here in Florida, if you sell a car with known issues, w/o telling the buyer, first you get the car back and have to refund the purchase price, then second you might just find yourself in court for fraud and other charges by the state if your a dealer, private sellers might not get it so stiff, but there are still fines.

[mohaughn]

Originally Posted by Panzer_M

Doesn't cali have Lemon Laws?

Here in Florida, if you sell a car with known issues, w/o telling the buyer, first you get the car back and have to refund the purchase price, then second you might just find yourself in court for fraud and other charges by the state if your a dealer, private sellers might not get it so stiff, but there are still fines.

I know real estate has full disclosure laws but I've never heard of a full disclosure law for buying a car. Usually you sign that "AS IS" paperwork which basically means the seller is not liable for anything. The Florida lemon law also only applies to new cars.

Even though I don't think selling a wrecked car is illegal I do think trying to buy a wrecked car in hopes of selling it as a pristine car for a profit is pretty dick. The universe normally has a way of paying you back for those kinds of things. But honestly, isn't this how most of those little car lots make their money? I know of atleast three mechanics around me that buy broken down wrecked cars. Make the bare essential repairs to be able to sell the car, and try to rape people on the price. Not something I would do, but there are plenty of dishonest people that do it all of the time.

Even then, $14k for an E36 M3 is pushing it. It would have to be pristine and people that are looking for that kind of car would probably get it inspected.

[Panzer_M]

Originally Posted by mohaughn

I know real estate has full disclosure laws but I've never heard of a full disclosure law for buying a car. Usually you sign that "AS IS" paperwork which basically means the seller is not liable for anything. The Florida lemon law also only applies to new cars.

Even though I don't think selling a wrecked car is illegal I do think trying to buy a wrecked car in hopes of selling it as a pristine car for a profit is pretty dick. The universe normally has a way of paying you back for those kinds of things. But honestly, isn't this how most of those little car lots make their money? I know of atleast three mechanics around me that buy broken down wrecked cars. Make the bare essential repairs to be able to sell the car, and try to rape people on the price. Not something I would do, but there are plenty of dishonest people that do it all of the time.

Even then, $14k for an E36 M3 is pushing it. It would have to be pristine and people that are looking for that kind of car would probably get it inspected.

I just know 1st hand from a used dealer from who I bought a car years ago, found out there was a suit following the next year from issues of Odo fraud, and other issues. I read the pamplet sent to me by the lawfirm, but I didn't get involved as the car I purchased had no issues..least it seemed that way/nothing I noticed and I was happy with the car, but the dealer closed shop and fled the state.

[mohaughn]

Originally Posted by Panzer_M

I just know 1st hand from a used dealer from who I bought a car years ago, found out there was a suit following the next year from issues of Odo fraud, and other issues. I read the pamplet sent to me by the lawfirm, but I didn't get involved as the car I purchased had no issues..least it seemed that way/nothing I noticed and I was happy with the car, but the dealer closed shop and fled the state.

Oh yeah. Odometers are definitely different. There is another form you and the dealer sign that says the dealer has not tampered with or does not know about any odometer changes. In a civil case you can sue anybody you want for anything that a judge think has merit.

[HuGo]

You know what, i agree with all of you. I thought about it some more and it isnt worth it. Yes it's messed up to sell someone a f*cked up car, and i dont know why i even thought about it in the first place.

To be honest...i knew one day something bad was going to happen to me, and i knew whatever it is that i did years ago or whenever, if it ever were to come back to me, it'll come back to my car which is exactly what happen.

Sorry for the stupid question and idea. The last thing i want to happen or hope to happen is for people to get hurt. And that wasnt the first thing i thought about which was the first thing that should have popped into my head.

Thanks.