Just been offered a 1996 750iL V12 for £1000

[TW]Fox;17949653 said:
I doubt it - there are numerous complete 750i's for much less than £3k. It isnt worth £3k in bits, a lot of the expensive bits are unique to the 750i and there is hardly a huge market for spare parts.
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You're right! For example, if someone want's a sensor or part of the interior there obvisouly going to go out and buy a whole car for <= £3,000. Who would be stupid enough to buy a part from one being broken for spares?

My brother bought a V12 Jag for £700. He got that for the engine and gearbox after running it for 6 Months. After that he weighed it in and got a further £300 and a 3 Month refund on the Tax. He also bought a 4.2 Sovereign for £500 which lasted him a year before selling it for a huge profit without any bills besides standard running costs.

You don't buy a monster car for 1K and expect anything more than some fun until it breaks. Repair costs are irrelevant.

I'm thinking of buying an old Range Rover which I know is a nail just so I can have some fun off roading. He wants £300 for it with 4 Months tax and MOT. No brainer really as it's exactly what I'm looking for. If it breaks I'll weigh it in and walk away no a penny out of pocket.
 
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Orange Peel said:
You're right! For example, if someone want's a sensor or part of the interior there obvisouly going to go out and buy a whole car for <= £3,000. Who would be stupid enough to buy a part from one being broken for spares?
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There isn't THREE THOUSAND QUIDS worth of spares in an E38! Most of the V12 specific stuff has limited market and would be a pain to strip anyway, so you are left with standard E38 bits which are everywhere, E38's start at 500 quid on Autotrader!
 
[TW]Fox;17950446 said:
There isn't THREE THOUSAND QUIDS worth of spares in an E38! Most of the V12 specific stuff has limited market and would be a pain to strip anyway, so you are left with standard E38 bits which are everywhere, E38's start at 500 quid on Autotrader!
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This guy is buying it for £1,000. There IS more than THAT in it.

Even if he makes £500 and it lasts a Month it's hardly anything to cry about if he's had fun.
 
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Orange Peel said:
This guy is buying it for £1,000. There IS more than THAT in it.
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I was disputing the claim that there was £3k in it, not that there was £1k in it.

But yes, lets buy it anyway so you can spend a month taking it to bits with half a car shell on your drive picking bits off it in the cold with a Haynes manual (OH wait there isnt one for this car).

My mistake, its a legendary idea!

Why not start up a business breaking the plethora of 500-900 quid E38's on Autotrader if you are so confident that they've all got so much money in them? You could give up your day job and become.. A scrap man.
 
Since when do you need a Hayne's Manual to take a car apart? :confused:

The point of this "exercise" is to enjoy it for a short time whilst not losing any/much money on it at all. Not to go into business and make a profit from doing it full time.

You don't half over-complicate things.

Buy car, drive car, sell car.

OR

Buy car, drive car, car breaks, break car, sell bits.
 
Define car breaks. Do you sell if it needs a 100 quid fix?

Probably not.

Do you sell when it needs another 100 quid fix?

2 new tyres?

Before you know it you have sunk cash into it. Then a semi big bill appears. Now what? Sell? But you have put a lot into it so far...
 
Sorry, im with Fox here.

Buy it and have fun with it until it breaks?

What fun? :confused: I am a massive fan of luxury class cars, so much so that i have convinced myself that this class of car renders all cars in the lower classes as pointless.

The problem is though, that this extends only to their intended purpose, that purpose being to much miles in and be a general daily driver for nipping around and commuting etc. They are not "fun", there is no fun to be had with an extended wheel base 7-series.

Pointless excercise buying a knackered old one which will end up slowly sapping away at your wallet over time in a fairly big way. If you want a nice car like this, spend say £10k on a better one, otherwise dont bother.
 
[TW]Fox;17950429 said:
If you've got the disposable cash to spend £1k on a car, fuel it at 15mpg and then simply shrug and walk away when it dies then what are you doing buying £1k cars in the first place.
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...V12 :D

TBH I would snap that up in a heart beat (if it's been cared for like you've said and is spec'd to the roof!). Only a G, for a 5ltr V12 7 series with TVs and such! People spend that much on fitting a TV into Saxos.

There's no way in hell I would buy it as a primary car, but I would love to have it as a new toy to play with till it breaks. I mean a grand for a decent condition and well spec'd version is great, people spend more than that on crappy TVs!
 
If you can afford to pay £1000 purely to be able to say you owned a V12 then go for it.
You will be throwing that money away though (and lots more besides).
 
It's quite legitimate to question why you would want to buy such a car for that price.

It is a lot of car without a doubt but that type and age of car will need work doing and if you are saving for another car next year then why bother ?

Fuel alone will be eye watering cost.

Doesn't the 750 work on GPM rather than MPG ?
 
£1000 with MOT for one year's motoring in V12 style.

I'd certainly buy that for my 8 mile daily commute, for which 15 mpg isn't really a major drama.

If there were niggly things to fix that were cheap, like lights or the horn, I'd fix it. If something major went wrong like gearbox, I'd junk it, cry a little and scrap it whole for hopefully a few hundred. But that's the gamble and it's one worth taking imo. It could end up giving you years of joyful wafting.
 
Robbie G said:
£1000 with MOT for one year's motoring in V12 style.

I'd certainly buy that for my 8 mile daily commute, for which 15 mpg isn't really a major drama.
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Except you won't get a year trouble free out of it. YOu would be better off with a 728i which on your commute would be pretty much the same with the added bonus that if it goes wrong you can probably fix it.
 
[TW]Fox;17950754 said:
Except you won't get a year trouble free out of it.
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Can I borrow your crystal ball plz k thx.

If what was said in the OP was true, and that the guy will be doing the ridiculously expensive suspension work BEFORE selling it, and getting it up to scratch, the chances are high that it will see out 12 months.
 
If you've got a sense of humour, a spare grand, and fancy a giggle then it's worth it. You just need to set, and stick to religiously, a budget for minor repairs and the moment you hit it or get close to hitting it, you get shot of it and write off the 2-500 cost of the grin owning it gave you.
 
[TW]Fox;17950754 said:
Except you won't get a year trouble free out of it. YOu would be better off with a 728i which on your commute would be pretty much the same with the added bonus that if it goes wrong you can probably fix it.
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But how do you know this?
What makes this top of the range BMW fundamentally, as in starting up, driving, and stopping less reliable the 14 year old fester I use to go to work in?

The fester is made of thin metal, and cheap parts, it cost me £700 in august last year and untill now its needed one front fog light bulb, a rear wiper blade and a battery.
If the TV's break, who cares? If the electric seat heating fails who cares?
Why will this car be less reliable than my fester?

If it lasts him ten months, before something gives, he has had ten months of that, as opposed to paying ten months finance on a C1 (as an example) and per month, the cost to own would have been the same.
 
If I was offered this, I'd think **** it and at least give it a go. If nothing else, just to have owned a V12 :D

I think you could easily sell it on for what you paid for it, even in 6 months time.
 
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