Is this spicy 1992 BMW 316i Touring worth $17k?
It just goes to show that BMW has always made hot estates
This highly desirable 1992 BMW 316i Touring was recently sold at auction on Bring a Trailer and when you factor in the rarity, the charm and the vintage status of this classic beauty, I think this definitely qualifies as a bargain. Obviously you already know what it cost because you read the headline but we'll get to the price in a moment.
This particular wagon is a EU-spec E30 3-Series, originally built in (and for) Germany and then shipped to the United States under the 25-year rule*. It's painted in a beautiful shade of green called Laguna Green Pearl Metallic, sitting on undersized 14-inch bottlecap wheels wrapped in Kumho tires. It's got the word '1990s' written all over it. The cabin is equally unblemished with a sunroof, grey cloth seats and black vinyl door panels.
Under the hood beats a 1.6-liter inline-four heart capable of 105 hp, sending the power to the rear wheels only via a 5-speed manual. The engine is in good condition, the odometer shows 105,000 km (around 65,000 miles), and the car has been serviced regularly, with a recent oil change, new spark plugs, new distributor rotor and cap, and a new fuel filter.
The car was sold with German service records, a tool kit, all relevant documents and a clean Florida title for a very reasonable $17,000. It's a 28-year old car, which means it isn't exactly new, but then again it's been serviced and looked afte. It's got 60k miles on the clock and that's probably a good thing, I would say, because it means that it's well used and, in terms of reliability, there's nothing worse than a very old car that's never been driven. So, bargain? I'd say so.