Seems like a lot of money for a project - has rust but nice looking paint. Don't know what they go for these days.
E28 ///M5 Project - cars & trucks - by owner - vehicle automotive sale
Selling my 1988 E28 M5. I am the third owner. I've owned it for over twenty years. I've been slowly rebuilding/restoring it since 2004. The car is not currently finished, but it is almost ready for...
maine.craigslist.org
