Sounds like a complete gamble and a waste of time. For that kind of money, buy a rusted one for 15-20k and put another 30-40 to have VSR restore it properly.
There's a nice white one advertised on the cca site for less $.
Lots of upgrades. NMMA
Sounds like a complete gamble and a waste of time. For that kind of money, buy a rusted one for 15-20k and put another 30-40 to have VSR restore it properly.
Hi Guys,
Just to update you on this car. I had been in contact with the seller and was going to fly out on Saturday. He also told me that he had the car at Bimmers R Us and that they could do a PPI. I guess I should have known better not to have used his own mechanic to do a PPI.
The PPI found that the front bushings are cracked, the fuel sending unit needs replacing, there has been some touch up on the rear by the muffler. The driver side door needs adjusting. All in all it seemed like worth flying to go seal the deal. I would take the that PPI with caution though and still suggest to have Don or someone more reputable check it out if you are interested.
Well now the seller got greedy and since he has had a lot of calls he is now asking $70k. He had promised to sell it to me for $55k but I guess he feels like he underpriced it.
Good luck to the seller! That is my rant for the day.
Thanks for the information on the PPI. I also talked to the seller. Nice guy and credible. A local dealer told him the price is too low. It will be hard to move at $70K but he may now get more than $55K. The price increase doesn't work for me. It's hard for me to rationalize paying more for an '72 e9 than a brand new 535i.
Well now the seller got greedy and since he has had a lot of calls he is now asking $70k. He had promised to sell it to me for $55k but I guess he feels like he underpriced it.
A couple years ago I would've felt the same way. But put yourself in the seller's shoes for minute.
Let's say you're a nice guy, genuine car nut, but not the type that reads the forum every day and keeps up on auction results. You list a car for sale, and someone you trust tells you that you've left $15k on the table. Let's say you haven't signed a bill of sale yet and nobody has gotten on a plane. What would you do? Are you generous enough to give the buyer that $15k spread and be satisfied that your Karma is now that much better? Would you at least have the courtesy to reimburse a potential buyer that had already bought a non-refundable plane ticket?
And more: Let's say that the shop that did the PPI realized your asking price is way out of line with the market. Would you want the shop to tell you about it or should the shop's loyalty be 100% with the potential buyer? What if the car sold cheap, and you found out later that the shop knew it was way under priced? Would you then be tempted disparage the shop's reputation?
Until the bill of sale is signed, I now feel it's the seller's perogative to change their mind.
And, I was in a similar situation to you multiple times in the last 5 years (2 CSL's and a Delahaye 135m). At the time I was pissed, but in retrospect I can't say I blame the sellers for doing what was best for themselves.
And finally, I've always used freq. flyer miles when shopping for cars, for the simple reason that you can cancel and put the miles back into the account should the car sell before I get there (and I can't the seller to do a conditional bill of sale - on a satisfactory PPI).
John