PDA

View Full Version : 1966 BMW 1600 in Toronto, ON $8,950


v4vivian
05-13-2010, 04:31 PM
Options: AM/FM Stereo, Two-toned Paint

Description: One of a Kind; 4 Speed Manual; Runs Great; Mint.

Year: 1966
Make: BMW
Model: 1600
Exterior Colour: Light Blue
Interior Colour: Black
Fuel type: Gas
Drive: RWD
Transmission: Manual
Doors: 2
Passengers: 4
Cylinders: 4
Body: Coupe
Mileage: 66,000 kms
Status: Used

AUTOLOOK FINE CARS
http://autolookfinecars.com
Phone/Fax: Phone: 416-321-2050
Fax: 416-321-2342
Address: 5210 FINCH AVE E
SCARBOROUGH
ON M1S 4Z6

http://autolookfinecars.com/cmba/DSCN3430.JPG

http://autolookfinecars.com/cmba/DSCN3747.JPG

http://autolookfinecars.com/cmba/DSCN3749.JPG

http://autolookfinecars.com/cmba/DSCN3752.JPG

nickdaytona
05-18-2010, 07:23 AM
44 year old car with 66K miles = 1500 km/year! WOW ! Plus...it's mint !
Something about that word that just cheapens the sale item .
GLWS , its a neat car !

v4vivian
05-20-2010, 05:03 PM
Thank you nickdaytona, I am still trying hard to sell it...

PinkieMoscow
05-20-2010, 05:28 PM
This thing has been for sale for about a year, no? What gives? Are you at least getting offers?

slemmer
05-20-2010, 11:45 PM
It's probably a love it/hate it relationship plus sourcing parts if/when needed.

v4vivian
05-21-2010, 12:04 AM
I am thinking of sending it to a classic car auction. Does it work? And any one knows how to get to this kind of auction?

fitter527
05-21-2010, 12:14 AM
needs a drop.lol.niiiiiiiice.

v4vivian
05-21-2010, 01:07 AM
so how much should I ask for? Really don't have any idea...

Bullet Ride
05-21-2010, 08:24 AM
So minimalistic compared to todays cars... I love it.
Your asking price is fair given the age, mileage, and condition of the car, it's just a matter of finding the right buyer. Sending it to a classic car auction might be a good idea, just decide what the lowest price you'd be willing to let it go for is and set a reserve at that price. If it doesn't sell at auction for that price come back here and repost it at the reserve price :)

Smitty
05-21-2010, 09:21 AM
Given the comments made by those who have seen the car (specifically here (http://www.bmw2002faq.com/component/option,com_forum/Itemid,57/page,viewtopic/t,340973/highlight,1966+1600/)), it seems as though this is a relatively unmolested early-VIN survivor that was owned and maintained by someone without the same appreciation for originality that most in the hobby now bring to these cars. At this price (high), the 12v conversion, lower door trim and poor quality repaint call more attention to themselves than if the car were priced more realistically.

The local market for these cars is small. As with any asset to which the market has shown little interest, you need to modify your strategy in order to increase the product's appeal. In this case, you have three choices:

1. Do nothing -- Wait for the right buyer or advertise the car in 02-heavy markets (i.e., Los Angeles, San Francisco) possibly with an offer of free or subsidized shipping.

2. Reduce your price considerably. If I had seen this car for sale several months ago, I might have purchased it at a price more in-line with the market.

3. Invest in the car. Give it a proper paint job in its original colour, some healthier looking tires, refreshed suspension bits, etc. Given the extremely low VIN, a thorough sorting of this car could potentially pay for itself and provide you with more net cash than the previous two options. This strategy is used to great effect with slow selling real estate assets.

Hope that helps.

Bullet Ride
05-21-2010, 09:43 AM
(specifically here (http://www.bmw2002faq.com/component/option,com_forum/Itemid,57/page,viewtopic/t,340973/highlight,1966+1600/))

Hope that helps.

That helps a lot actually.

v4vivian
05-21-2010, 01:53 PM
Thank you Smitty and Bullet Ride... Thank you so much for your kind suggestions. Those should be a big help! I will pass them to the owner. Thank you thank you....

Robb
05-21-2010, 07:56 PM
Ebay

jm1602
05-22-2010, 12:28 AM
This car has been for sale at that price for at least 3 years. So it looks like the market has spoken with respect to fair market value.

The associated posts on the FAQ site tell the story. Everyone is real quick to get over the cool factor (Early VIN, Euro import, funky styling, apparent low mileage) and jump right to the issues. Bad respray, poor quality electrical conversion, brutal looking shock bushings, wrong seats etc. This is the market you're selling to, very critical group.

Seller needs to either drop the price or invest some money to fix the obvious.

73 Tii
05-26-2010, 10:12 PM
This should give you some perspective:
http://www.bmw2002faq.com/component/option,com_forum/Itemid,50/page,viewtopic/t,342456/

$6500 USD for a well sorted and original 67 1600-2

If you can get about $5k for the car take it.

v4vivian
05-27-2010, 03:06 PM
Thank you 73 Tii for your good suggestion. After talking with the owner of my 1600. I think he can make it around $6000 CAD. Just wonder if this price is reasonable? Or I still have a long way to go?

Smitty
05-31-2010, 01:22 PM
Thank you 73 Tii for your good suggestion. After talking with the owner of my 1600. I think he can make it around $6000 CAD. Just wonder if this price is reasonable? Or I still have a long way to go?
Well, the market will judge things best. If you lower the price to that level, I suggest taking some more flattering photos and listing it in Hemmings. The low VIN might also help get it featured on Bringatrailer (e-mail directly -- don't send a link to the for-sale post).

Also, if you go for another round of classified ads, I suggest dropping the boilerplate dealer stuff (e.g. "Fuel type: Gas"). Anyone shopping for this sort of car is more interested in condition, maintenance and provenance. To be honest, the fact that it's being sold by a dealer is already a bit of a red flag. Your ad needs to overcome that stigma, not reinforce it.

Smitty
06-14-2010, 01:56 PM
LOL -- I see it's been reposted at $8,950. My heart goes out to you, Viv.

v4vivian
06-14-2010, 02:13 PM
no, as long as i have known, the price has been dropped to $7,550...

Smitty
06-14-2010, 02:16 PM
The most recent ad for this car on Kijiji is dated June 4th:

http://toronto.kijiji.ca/c-cars-vehicles-classic-cars-1966-BMW-1600-in-SCARBOROUGH-W0QQAdIdZ209416076

v4vivian
06-14-2010, 02:40 PM
as i have known, the owner dropped the price 2 weeks ago, the ad on autotrader is here:
http://www.autotrader.ca/result/AdFrameless.aspx?id=1423493

i think the kijiji one should be posted by the other salesman. maybe a little bit earlier than the price drop date. i will ask them to change the number.

jm1602
06-17-2010, 11:11 PM
[QUOTE=v4vivian;1428704]as i have known, the owner dropped the price 2 weeks ago, the ad on autotrader is here:
http://www.autotrader.ca/result/AdFrameless.aspx?id=1423493

i think the kijiji one should be posted by the other salesman. maybe a little bit earlier than the price drop date. i will ask them to change the number.[/QUOTE

"posted by the other salesman"? Is the car for sale by a private individual or by the dealer? For sale by the dealer on behalf of the actual owner??

jeremy
06-18-2010, 07:15 AM
Isn't "Autolook" a used car delearship at Finch and Middlefield?

Quack
06-18-2010, 07:52 AM
Isn't "Autolook" a used car delearship at Finch and Middlefield?


yes they are, I know Louis Wong the owner, bought 3 cars from them in the past including my E39 540i I use to own.
http://www.autolookfinecars.com/

jm1602
06-19-2010, 09:52 PM
Thank you Smitty and Bullet Ride... Thank you so much for your kind suggestions. Those should be a big help! I will pass them to the owner. Thank you thank you....

This is the comment that confuses the issue. Reference to the "owner".

damameke
06-19-2010, 10:10 PM
This is the comment that confuses the issue. Reference to the "owner".

consignment ?

jm1602
06-19-2010, 11:16 PM
consignment ?

The original post should have been moved to the for sale section but I think there was some confusion about who made the post here. Clearly this is someone from the dealership fishing for interest here. Just looking at the posts is pretty amusing, to me anyway.

He quotes...
"Thank you nickdaytona, I am still trying hard to sell it..." (Yep highly motivated seller, car sitting a the dealer with no takers at $9K for over 3 years.)

"I am thinking of sending it to a classic car auction. Does it work? And any one knows how to get to this kind of auction?" (The dealer doesn't know this?)

"so how much should I ask for? Really don't have any idea..." (The dealer doesn't know this either?)

"Thank you 73 Tii for your good suggestion. After talking with the owner of my 1600. I think he can make it around $6000 CAD. Just wonder if this price is reasonable? Or I still have a long way to go?" (who owns the car anyhow???)

"no, as long as i have known, the price has been dropped to $7,550..." (What?)

"as i have known, the owner dropped the price 2 weeks ago, the ad on autotrader is here:
http://www.autotrader.ca/result/AdFr...spx?id=1423493

"i think the kijiji one should be posted by the other salesman. maybe a little bit earlier than the price drop date. i will ask them to change the number." (the other salesman, what's really going on here I wonder?)

Anyway, all in good fun. Keep trying man and best of luck with the sale.