V-maxx coilovers. Setup is in decent shape overall, appears to be free of any major issues. Shock bodies are free of rust, threads look pretty good. Finish on the springs has held up well. Rear shocks have seen better days.
V-maxx reports a lowering range of 20-50mm in the front and 20-40mm in the rear, but rear perches are not included. Great budget suspension upgrade for any 2004 R32 owner.