Depends on the condition. 5K means it will need some work. Timing chain, cooling system, gaskets (valve cover, upper timing, lower timing, upper oil pan). Since it is a 2003, your entire suspension will need to be changed (control arms, struts/shocks/springs). It adds up if you don't do your own work.
Common spots are gas in the gas cap, wheel wells, and generally under the body. I lived in Wisconsin for 5 years and my E39 was badly rusted after 16 years at the time.
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