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Old 05-13-2010, 04:31 PM   #1
v4vivian
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Red face 1966 BMW 1600 in Toronto, ON $8,950

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







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Old 05-18-2010, 07:23 AM   #2
nickdaytona
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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 !
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Old 05-20-2010, 05:03 PM   #3
v4vivian
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Thank you nickdaytona, I am still trying hard to sell it...
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Old 05-20-2010, 05:28 PM   #4
PinkieMoscow
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This thing has been for sale for about a year, no? What gives? Are you at least getting offers?
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Old 05-20-2010, 11:45 PM   #5
slemmer
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It's probably a love it/hate it relationship plus sourcing parts if/when needed.
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Old 05-21-2010, 12:04 AM   #6
v4vivian
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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?
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Old 05-21-2010, 12:14 AM   #7
fitter527
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needs a drop.lol.niiiiiiiice.
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Old 05-21-2010, 01:07 AM   #8
v4vivian
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so how much should I ask for? Really don't have any idea...
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Old 05-21-2010, 08:24 AM   #9
Bullet Ride
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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
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Old 05-21-2010, 09:21 AM   #10
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Given the comments made by those who have seen the car (specifically here), 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.
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Old 05-21-2010, 09:43 AM   #11
Bullet Ride
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Quote:
Originally Posted by Smitty View Post
(specifically here)

Hope that helps.
That helps a lot actually.
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Old 05-21-2010, 01:53 PM   #12
v4vivian
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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....
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Old 05-21-2010, 07:56 PM   #13
Robb
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Ebay
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Old 05-22-2010, 12:28 AM   #14
jm1602
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Good luck.

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.
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Old 05-26-2010, 10:12 PM   #15
73 Tii
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This should give you some perspective:
http://www.bmw2002faq.com/component/...opic/t,342456/

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

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