Cheap E34 M5 needing engine rebuild?

[blanc]

Hi

I have the opportunity to buy a to buy E34 M5 for £500 as a mate is moving house and needs it gone from his driveway. I'm told that the only problem is it needs a new cylinder block which is currently sitting in it's boot.

Although I've yet to see the car, apart from the engine it's supposed to be in nice condition.

Does anybody have any sort of idea what it would cost to have the engine built up?

I'm wondering about turning it into a cheap trackday car. Does anyone have any views on how suitable an old M5 would be and is it worth the trouble?

Any views very much appreciated.

Edited by blanc on Tuesday 20th February 14:40

Edited by blanc on Tuesday 20th February 16:35

[blanc]

It's on an F plate I'm don't think it will be a 3.8.

I've yet to see it, but it's been standing for a year so it's bound to need a bit of fettling which like you say may make it not really worthwhile.

[blanc]

dp400 said:

If you decide not to go for it, would you mind forwarding my email address on to your mate as i might be interested.

[e-mail]

Thanks

Sure, I'll try and find out a bit more about it.