I was looking through craigslist and letgo and stumbled upon this machine. It's a 2003 4.6is and from what I can see, it has the Dinan exhaust on it. (wonder if there's any more Dinan equipment on there...) Here's the only info that's listed in the ad:

" 124k needs timing chain brand new Trans. RAre truck tons of extra 4.6 motor still good 4500.00 ,obo Dinan "

Would this be worth the project? I'm big into DIY so I would plan on doing the timing chain guides myself/having a professional lend me a hand. I'm assuming it still runs and it says that it has a new transmission.

I'm pretty cheap, and I'd rather not get something unless it's an absolute steal. I like to think my DD black 5 speed was a steal only paying $2,300 and it not needing more than $80 worth of sensors to get all of the lights off the dash and pass PA emissions + inspection.

So what would be a good price for this? Assuming that I could talk him down...

Any input is appreciated.

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Running:
2001 E53 3.0i Black 5MT Style 87, Eibach Swaybars, Headers, Turner Monoball Bushings, Oil pump nut fix, E60 short shifter + ZHP shift knob, Sport Swap 204K (G-power supercharger coming soon)
2011 E70 35d Blue Style 214 3" exhaust, Dudmd stage 2, 2" HR lowering springs
2012 E70 35d Black Style 215

Sold:
2002 e39 540i 6MT Black sport, M5 LSD, M60 Intake manifold
2003 e39 525i Auto Grey Sport