Craigslist

At $13,000, Is This 2002 BMW 540i M-Sport a Bargain?

Good Price Or No Dice 2002 BMW 540i M-Sport

With its six-speed shifter and M-Sport options, the Good price or no dice The BMW 540i has a lot to offer. Let’s see if the price makes it a Bimmer to beat.

When Chevrolet introduced a new, scaled-down Caprice in 1977, it represented a new era for the nameplate, reversing more than a decade of ever-increasing dimensions and ever-heavier performance. To christen this new era of better packaging, performance and efficiency, Chevy dubbed the new Caprice the “Classic”.

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As oxymoronic as that may have been, the car still proved a hit for the marque, as nearly a decade later 1985 Chevy Caprice classic sedan we looked yesterday attests. Unfortunately for the seller, many of you found the car’s $8,500 asking price equally contradictory. Ultimately, this resulted in a no-dice 80% loss for the large sedan sort.

Photo: Craigslist

Photo: Craigslist

It’s pretty easy to compare yesterday’s Chevy Caprice with today’s. BMW 540i M-Sport 2002. After all, they’re both rear-drive four-door sedans powered by V8 engines.

That’s about where the similarities end. And, I’d say the Bimmer’s 290-hp M62 all-alloy V8 and Getrag 420G six-speed stick will make it a much more engaging whip than the 160-hp Chevrolet three-speed. Of course, you make yourself in such decisions.

Photo: Craigslist

Photo: Craigslist

According to the ad, this black-on-sand 540i has 131,000 miles on the odometer, and remarkably for a BMW of this age, this odo still seems to have all its pixels intact. It looks great on the outside and rolls on near-new Michelin tires wrapping a set of beautiful Style 66 alloys. Well, that wheel count even extends to the spare tire in the trunk.

Photo: Craigslist

Photo: Craigslist

The interior shows some wear on the leather of the seats and the carpet. There is also a minor issue with using black carpets in a beige interior, but that’s probably just me. The rest of the cabin seems to be in perfectly serviceable and commendable shape, right down to the stereo head unit.

The M-Sport package adds a sports steering wheel and seats to the mix. Back in the trunk things are tidy, although the lid-mounted kit is missing a few tools, so a demerit for that.

Photo: Craigslist

Photo: Craigslist

According to the description, this car in its proper title “needs nothing”. It is claimed to have had only two owners in its lifetime and was always stored in a garage. The ad also mentions that a service and inspection was performed by a BMW service technician within the last month.

Photo: Craigslist

Photo: Craigslist

It all sounds pretty appealing and there’s a funny thing about this call. If you do a Google search for the VIN of this car, you get some interesting results. The first to appear is this ad, of course. What you get then is a bunch of “related searches on topics like “2002 BMW 540i reliability” and “2002 BMW m sport horsepower”. It looks like a few people have checked out this hot sedan.

They’ve had plenty of time to do that, as the ad has been live for three full weeks. It can indicate lack of interest in the car or good concern over its asking price of $13,000. We can’t do anything against the first, but the second is why we’re all here.

Photo: Craigslist

Photo: Craigslist

What’s your take on this 540i and that $13,000 asking price? Does that seem like a price that should entice a potential buyer to pull the trigger? Or is the seller just shooting himself in the foot?

You decide!

Phoenix, Arizona, craigslistwhere to go here if the ad disappears.

H/T to Jim Schurr for the hookup!

Help me with NPOND. Contact me at [email protected] and tip me at a fixed price. Don’t forget to include your Kinja handle.

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