<E30> repaint or replace--seeking wisdom

[Kurt Zimmerman <kuzimmer@xxxxxxxxxxx>]

I have an '89 325is.  I purchased the car 2 years ago for $8000.  It had 
93,000 mi.  At that time the wholesale value on the car in Indiana was about 
$9000. The paint needed work but it checked out mechanically. I've really 
enjoyed driving the car, but now the paint is starting to bother me.  With 
130,000 miles, the car is worth about $5000.  I received repainting estimates 
from two shops which were over $3500 (there is some damaged that was covered 
up).  Both shops suggested that I try to find a car that is cleaner.  The 
problem is that despite having 130,000 mi,  most of the problem parts on the 
car are new.  It runs strong and is a blast on the track.  I don't care about 
resale value, I just want a car that looks nice and is fun to drive.  My wife 
refuses to make car payments so we'll need to save for about 6 or 7 years to 
be able to be able to pay cash for that year 2000 BMW.

Given that I'm going to have this car (or a similar replacement) for the next 
several years, the question is: Do I spend the $3500 to paint a car whose 
mechanical condition is known?  Or do I try to sell my car and find (if I can) 
a nicer looking, lower mileage, vehicle with (possibly) an unknown mechanical 
history?

There is a third option.  Attempt to prep the car as best I can, then go to a 
place like Maaco and get their best paint job.  But this doesn't feel like a 
good solution to me.

You can email me direct.

Thanks,

Kurt Zimmerman

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