I have a bmw 850i 1991 with about 12,000 miles on it. Mint Condition.
Wife would not drive it because it was too expensive. Sitting under a
cover under a carport. Any idea what it is worth or how I might sell
NADA says US$19K low to $23K high retail, which includes $4.7K for the
mileage. Sellers' asking prices for '91 850s (looking at cars.com)
are between $10K and $27K, plus one goofball asking $42K for his. I'd
suggest putting in on line somewhere like cars.com with an asking
price in the NADA price range.
The only thing that I would counter with is: how many 91 12 cylinder
850i's do you suppose that you can find with such low original mileage?
My guess is ; not many. Supply and demand... find the right buyer
for the car and 40k is not out of the question.
There's a '91 on cars.com with less than 13,000 miles claimed and an
asking price just under $27K.
There are 28 '91 850s advertised there, and the average asking price
(including the $42K goofball's car) is under $17.5K. All but the two
mentioned are asking under $20K.
840s and 850s were very nice cars in their day, but IMHFO there are
too many of them still around to drive up the price of a particularly
nice one to more than double the average. But as you say, there's no
harm in asking. Someone out there could be willing to pay that price.
The problem may be finding him.
The right buyer for a low mileage car is a collector, and the car
isn't seriously a collectible - at this point it's just a nice used
car. Finding someone that wants to buy an 850i and just look at it in
his garage will be *tough* and could take years. The price range
quoted is for selling. A $40k asking price if for someone that wants
to keep the car while telling his wife that no one's interested.
Some people like that kind of thing - the guy that bought my
Rolls-Royce a few years ago has had it up on CCTOL for over a year
with an asking price about $10k more than reasonable. Forget you can
find cheaper ones in the RROC newsletter any given month - he's
decided his is worth more and that's that.
A friend of mine knows a lonely old guy who lures visitors with his
mint condition 65 Mustang convertible, which has been advertised for
sale for about 6 years that we know of. People stop by, shoot the
breeze, talk classic cars, and wander off when they discover his
asking price is twice anyone else's and non-negotiable. My friend says
he makes decent lemonade, though.
2003 BMW 325i Black/Black
2003 BMW Z4 Black/Black
Not uncommon. Once was looking for a BMW cycle - and heard about one
owned by an elderly (and still riding) gentleman in his 80's. I made an
appointment to see it - and was greeted by him and shown part of the
bike. The right side if I remember correctly. The rest of it was buried
under a mound of junk - which was probably collectible memorabilia - but
it became obvious he had no intention of selling it - he just wanted
someone to talk about bikes with. Apparently his wife - who rode with
him - told him he had to clean out the shed. So he put the bike up for
sale at a price it would never sell at (it had something over 200,000
miles on it) and had a nice time chatting with people who came to see it.
Nice old guy - this was about 10 years ago - I should swing past
sometime and see if the shed and bike are still there.
That is a "niche" car if ever there was one. I see them sometimes
listed on eBay or other online sales techniques, but I can't imagine
that would be the best avenue to get the true value of your car.
Perhaps the best option would be to have it sold at auction at one of
the big concourse car auction houses. You will have to wait a while for
the next big event, but they will heavily advertise it and get the big
dollar car collectors bidding on it.
Oh, and as to worth? You did not say if it was a 6 speed or an
automatic, nor did you say the colors (which make a big difference
believe it or not) but I would say that the car, if truly in "concourse"
condition, would be worth anywhere between 20k and 40k dollars to the
right collector. I know that is a wide range, but that is how it works
with "collector" cars...
German vintage car magazine "Motor Klassik" recently brought a story
about the 850, they even rate the E30 convertible an upcoming
Fuel consumption may be an issue in the future, but a BMW 850 and a
box of electronic spare parts, stored away for another 15-20 years,
could very well be a nice investment;-)
please replace spam-muelleimer with fk-newsgroups for e-mail contact
well, given the choice of sticking it in the garage to have parts
corrode and sieze due to not wanting / be able to afford to fill the
thing up with juice, or having an LPG conversion (you can run petrol
when it's converted too!) and still being able to justify driving it
daily - I don't see what's so wrong?
It's not a collectors car, it never will be - it was probably one of
BMW's biggest 'flop' cars, as it was too big to be a sporty coupe and
not enough cabin space to be a luxury limo either.
It's not like I've suggested an LPG conversion on a B10 or an original
LHD e30 M3.
That is your opinion Russ. However is seems there are many others that
have the opposite. Those would be the ones that would buy a 15 year old
car and stash it away in a garage.
I do not have the personal wherewithall nor garage space for such
endevours, but I would bet that this car will appreciate from whatever
price is paid today (assuming one does not drive it much). By the way,
parts don't seize and corrode in dry storage.
A car does not have to be practical, get good gas mileage or a marketing
success to be a collectors item. There are many folks I know that
consider this particular model to be a work of art, and I would include
myself in that total. ...but I don't have a lot of artwork around my
house either! ;-)
Appreciate all the responses to my query. More info. It's red with an
automatic transmission. I'm thinking I should take it to my local BMW
dealer, get the gaskets, gasoline, etc, changed/replaced, and fire it
up. Then maybe just enjoy it. Ron
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