I have just acquired a BMW320IS with less than 38,000 miles. It was sitting up in a garage for 10+ years. The car is in near MINT condition. It has power brakes but not power steering. It is a 5 speed manual with no AC. It has a moon roof, spoiler w/fog lamps, racing seats, Cassette player with an outstanding stereo system, manual windows, andall original accessaries. The car is having all the neccessary work done by a certified European auto dealership. The engine has not been broken down. The fuel system has been cleaned, restored or replaced. New drums were installed on the rear wheels. Original paint is a silver/grey and in outstanding condition. The motor is in such a good shape that the dealer says this car is quite special. It is running beautifully and handles like it is brand new.
I am going to have it detailed by professionals so that the original paint is not damaged.
What I want to know is what is this car worth? Should I keep it for my personal vehicle? I am in education (Special Ed K-6) and I could really use the extra car. However, I could also sell it because I could use the extra $$$.
There isn't much to go on here in Tuscaloosa, AL. The car is a one owner car from an estate that I helped to close. The family gave me the car in exchange for payment for services rendered. After the detailing, this car will be in near mint condition inside and out. I am really pleased with the dealer's assessment of the condition of the car. I was told that if I keep the car for two more years that the value will climb to $10,000+ due to it being an antique and in such great condition.
WHAT SHOULD I DO?????
If I decide to sell, I can get you in touch with the dealership that is restoring the car. They can tell you technical stuff that I can't. The owner of the dealereship says that I should hang on to this car. He said it is very uncommon to find a 1983 320IS in such great condition.
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