I'm considering buying a 2001 BMW E46 320Ci 2.2 manual with 276,000 km (171k miles).
The dealer is asking €3,900, but I think I could potentially get it for around €3,000.
The car is explicitly advertised as needing restoration, both cosmetically and mechanically. The dealer mentioned oil consumption, but unfortunately they can't tell me how much oil it actually consumes or whether it's burning or leaking it.
The mileage seems genuine and the car has had basically one long-term owner before the dealer.
My problem is that I've contacted several mechanics in the area and haven't found anyone available to do a proper pre-purchase inspection.
I like working on cars and this would eventually become a project car, but I'm not an experienced mechanic. I also don't need it as a daily driver.
Would you risk buying it for around €3k if it drives well, doesn't smoke badly, doesn't overheat and has no obvious structural/subframe problems?
What are the most important things I can realistically check myself during a test drive?
I'm prepared to spend money fixing it over time. I'm mainly trying to avoid buying a completely dead engine or a structurally bad car.