Front respray about £500
Wheels about £50 a corner
Tyres would need changing if it was me so about £450 for fronts.
So add all that in and the car seems priced about right...maybe about 1k too much, but it's only a starting point. Could be a cheap car if as you say it's for track work....would just get a specialist report on the car if possible.
But as above the SG one is a better bet with the BMW warrenty..looks a bargain to be honest as well sorted.
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