jordo, that car looks pretty beat. to start, it isn't a sport package, the mileage is high without documented maintenance and it is the cheapest e39 ever made. i would keep looking or convince the guy to give you the old wheels and drop the price to $3500. most likely it will need front suspension work, VC gasket, VANOS seals and other vitals.

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2006 4.8iS Black/Black with custom Audison Voce/Image Dynamics sound
Production Date - 10/05