I bought the E38 for $500 December with a blown engine. I swapped in an engine from a scrap yard and have about $1400 in it right now. With about 5000 miles on the new engine I'm feeling pretty good about it! It really is a high quality car, and even for being just over ten years old that quality shines through.
I am doing better generally, and stand by the advice that it's better to sacrifice everything to achieve your dream, or at least get a decent education. I'm hoping that as the economy improves I'll be able to get my income back to what it was before I moved here. But then, I do like helicopters...