BMW 850csi

Colin62 said:
If the price of the car is geared to cover your debt as well, let him sell the car on the open market and pay you back in cash from the proceeds. If he can't do that, then the car isn't going to settle the debt. Then take that money and buy a car that you really want, not something you're already having second thoughs about.
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At last...someone is thinking clearly and logically about this issue.
 
Interesting specs : seemingly an under stressed 12 potter. That said, I've had Beemer's start failing on me just as they approached end of warranty/ motor plan, as if by clockwork. Could be an extremely expensive excercise to maintain this car. Approach with extreme caution. Might still be an excellent hobby/ Sunday car though ! The sound of that 12 gurgling might just about seal it for you OP.
 
Get it if you can afford it, maybe an investment if you look after it for another 15 years, surely a classic. If you need the cash back then forget it.
 
Colin62 said:
If the price of the car is geared to cover your debt as well, let him sell the car on the open market and pay you back in cash from the proceeds. If he can't do that, then the car isn't going to settle the debt. Then take that money and buy a car that you really want, not something you're already having second thoughs about.
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Unfortunately i am dealing with someone who is not entirely reliable when it comes to repaying debts. I have no doubt that if if sold it on the open market i would not see a cent of what is owed to me and be at the end of the line waiting to be paid.

Having said that i pretty much have the car i want (although a newer one or a ferrari would be fun).
The car itself would serve little more than a "financial instrument" for my purposes.
An attorney friend suggested i give my friend x amount as a "deposit" on the car, take possession of it, sell on open market, take what is owed and give him the balance.
 
grantza said:
Unfortunately i am dealing with someone who is not entirely reliable when it comes to repaying debts. I have no doubt that if if sold it on the open market i would not see a cent of what is owed to me and be at the end of the line waiting to be paid.

Having said that i pretty much have the car i want (although a newer one or a ferrari would be fun).
The car itself would serve little more than a "financial instrument" for my purposes.
An attorney friend suggested i give my friend x amount as a "deposit" on the car, take possession of it, sell on open market, take what is owed and give him the balance.
Click to expand...

You will struggle to sell it. Like I said, even the dealers won't touch this car.
 
grantza said:
Unfortunately i am dealing with someone who is not entirely reliable when it comes to repaying debts. I have no doubt that if if sold it on the open market i would not see a cent of what is owed to me and be at the end of the line waiting to be paid.

Having said that i pretty much have the car i want (although a newer one or a ferrari would be fun).
The car itself would serve little more than a "financial instrument" for my purposes.
An attorney friend suggested i give my friend x amount as a "deposit" on the car, take possession of it, sell on open market, take what is owed and give him the balance.
Click to expand...

I'd be loathe to sell something that I didn't legally own ! Fire the friend.
 
Fudzy said:
I've posted this story on carforums.co.za, guy there reckons collectors would be interested.

http://www.carforums.co.za/viewtopic.php?f=3&t=60926
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I know that the M3 CSL (think E46) is currently appreciating; this 8-series may also be a possible collector’s item. I don’t know the history in regard with this 8-series collection, but some Forumnites in your link might be spot on. Exclusive and or vintage dealers might also show some interest, they are also usually the guys who collect these… Best to contact BMW :whistle:
 
Problem solved.
It has been sold to someone in Durban who collects cars.
She leaves Cape Town on sunday for a new home.
 
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