Sold
Pl. 1 of 24

Our read

GarageScout Take

The documented S38 3.7-liter rebuild gives this Schwarz II E34 a materially different mechanical specification, with forged pistons, a rebuilt fuel system, machined flywheel, and new Sachs clutch. Mileage sits below the middle for this generation, while the removed catalytic converters, deactivated driver’s airbag, and minor right-rear shock seepage remain disclosed compromises.

Strengths

  • The S38 received a documented 3.7-liter rebuild with forged pistons and supporting internal and fuel-system work.
  • Factory M5 equipment is paired with the three-piece forged Style 20 M System II wheels and throwing-star covers.
  • Recent service includes suspension links and brakes in 2020, a harmonic balancer and drive belt in 2023, and an oil service in September 2024.

Watch For

  • The catalytic converters have been removed from the exhaust.
  • The driver’s airbag has been deactivated.
  • The right rear shock exhibits minor seepage.
  • The lower front chin spoiler was repaired and painted in 2023; light roof scratches and cracks in the left front fog light and right rear taillight are also