Valuation boring i know but......

[Simon13]

As most know i'm in joint owership of this



Our much prized Alpina C2 2.7 touring. Anyhow the other owner wants out so i'm going to take it all on. Everything bill wise has been split 50/50. I thought i could pay the half the original price and be done with it. Not so its worth more than what we paid which was £2700. But i'm not convinced alot more?

Be realistic, people.

Spec is diamond black with heated grey sports leather, OBC, cruise, full 2.7 conversion plus Alpina 296mm big brake upgrade. 3.73 LSD instead of the factory 3.91. Bodywork isn't rotton anyhwere but paint isn't brillaint on it. Milege around 180,000. Engine rebuilt by moi runs like a watch and makes factory power. Trump card of the car imo. Will do a 14.8 quarter mile in full trim! All suspension is 100%, still has ali control arms fitted. Also new bmw subframe bushes 2 months ago. Drives tight if a little hard ride comfort. I still have Alpina springs and added the front spoiler as it never had one from new. Lots of history no service bokk but a copy of the original build sheet to prove its pedigree. Supposedly on of 14 RHD tourings of which the survival rate seems quite high

My thoughts are around £4000 Its not forsale add but is in a way to help you value it in your humble opinions!

thanks

[goosiegander]

I think 4k is a little light Simon,

4.5-5k at least, reasoning being, try finding another...

HTH

[penton08]

Sorry mate but i would of thought that it is worth at least 5k, I remember a toshed up m50 touring doing nearly £4000.

[Simon13]

what i mean is would you pay that for it? And if you would then its as close as i'll get to a realistic value. Its not for insurance so nothing hyped up lol

[Dezzy]

Sorry mate but i would of thought that it is worth at least 5k, I remember a toshed up m50 touring doing nearly £4000.

I would have to agree mate.

I reckon it would easy fetch 5bags

[kieran325]

What does the half owner want ? has he made any inkling to a figure.

[daimlerman]

Simon is in a very difficult position here.

He has a need to be fair to his co-owner but does not want to have his trousers pulled down by buying him out at an inflated price,possibly just to 'keep the peace'....

We all know that you rarely get back the cash that you sink into a project,this is why we always tell people to 'buy the best that you can find',so to say,for example,that this car is worth it's purchase price plus the cost of all the work done on it is not entirely fair to either party.

I think that I would offer your partner £1500 now,with an agreement that if the car is ever sold on,you will be prepared to re-negociate,based on the final selling price.I would further respectfully suggest that you take out 'agreed value' insurance on this car,at a value of at least £5K....

[e30topless]

this is a difficult one Si, how can it be valued?

if you have both gone 50/50 then it owes you both the same , but you have done the spannering so he's saved a fortune?
i would be offering him 2k

[Dan320is]

this is a difficult one Si, how can it be valued?

if you have both gone 50/50 then it owes you both the same , but you have done the spannering so he's saved a fortune?
i would be offering him 2k

Seems reasonable enough.

[DanThe]

Is he desperate for the money? Do you particularly want to keep the car? If no put it up for sale and see if it goes.
If yes then you need to bid low if he is after a quick buck, £1500 would be what id offer especially as you are all the work/knowledge in the car.

Did you buy it as an investment between you? If yes then you need to pay over the odds to keep him happy.

[The_Haywood]

i'd be offering him £1k if i'd done all the work!!

[Steve-E30]

I think that I would offer your partner £1500 now,with an agreement that if the car is ever sold on,you will be prepared to re-negociate,based on the final selling price.

Nice idea but simon will be putting his own money to the car and if the car goes up a lot in value the other guy will earn for nothing
Other way is if the price dropped could simon ask for money back
Tbh id go with "todays" values and maybe see how much he wants
My guess is 2k ??
Car will fetch 4k , As others have put 4.5-5k , Its finding a buyer though
Hes happy hes got a lump sum no doubt
Your happy you are now sole owner on a car you went in together on so it could be owned (Think i remeber you didnt have the spare dollar at the time ??)
Ask yourself this question
If you wanted out of the car what would you want back ?

[toby]

Comparable vehicles on sale now? I couldn't find any but didn't look that hard. (Someone else will be doing that already I guess.) The best way to find a fair value obviously would be see to what other cars very similar to this go for at the moment (almost impossible, I know). The current financial climate surely won't elevate values that much since you bought it and it hasn't become incredibly rare since you bought it (has it?). If not the value is unlikely to be much greater than what you paid for it. I don't think the main factor is the current value of the car though.

If you did all the work on it (I agree with Dan's point) then split the original price as you said Si, plus half the parts price on top for an easy life (unless that's ridiculously disproportionate) and a gesture of 'thanks for helping me get it in the first place'.

I think I'd be happy with that. Buying him out of it with what he has put into it - basically refunding his money - it is a good deal. He's had some use out of the car and getting all his investment back.

If circumstances were different, for instance, and the car had gone up 400% in value - in that case it would be hard for him to just accept getting his money back if it had gone up loads in value - plus if he wanted out of the car then you might have to sell it to get out of it. I'm not suggesting it has gone up in value but exaggerating to make the point here, by the way.

The car's value doesn't seem to be the main factor but rather what is the best offer to get the other guy out of the car. That comes down to what you'll think he'll be happy with.

[Steve-E30]

Can i ask who uses the car more as well ?
Do you both use it or just you si , Only thinking as you have done all the work but does the other guy use it , Just a thought

[snakebrain]

Andy on here recently bought one of these. He's a very straight guy and clued in on classic BMWs. He would be worth talking to (privately) about what he paid to get an idea of current values. I think his username on here is ANDY325TOURING, but he's on bmw5 as ANDYM535. I'm sure he'd be glad to help if he could.

[B7]

Si, Theres been some damn good points here but 2 stick out:

In your favour, YOU and solely you, have done every bit to this car. Now it was no shed when you bought it but christ, it's twice the car now. It's had a full engine rebuild for christs sake. The car would be worth not much more than a clean 325 touring had it been left to go further into ruin

In Robs favour, you have had virtually sole use of it. I know he used it well when YOU (again you mind ) converted his smokey old 323 to a 328. He has also contributed to half the parts.

There is a pay off there. Yes you've used it but more to the point (and much more at that) is that now it is 10 times more saleable for the cost of only the parts it's had and thats down to you.

You know what I think it's worth (maybe with a bit of paint) and that you should NEVER sell. Would be a right coo having two diamand swartz C2 2.7's would it not?? I'd offer Rob 2k and see what he says but have a monkey in reserve just in case it needs a sweetner.

[B7]

Pretty car!!

[Jim320i]

If you was selling it, then I think it would be fair to go halves etc... But your not, he wants out so personally, I don't see why you should be giving himmarket value... Might just be me on that though as i'm a tight git. He may be a friend, but that doesnt mean you should have to pay half the full price. Especially if you hve done all the work etc.

I would be offering half what you guys paid for it in the first place if it was me. The extras and costs occured, sounds like you have dealt with in terms of actually doing the work etc.


But, I would pay £5000 for that easily if I was searching for one...

[mabz]

start at £1750.00 as you know it would easily fetch £3500.00 all day long and then move to 2k.personally i wouldnt go much more than 2k as its a rarity and also a bit of a marmite car(i like it btw),sure people are willing to hand out more for a rarity but its finding them?theres plenty of tools to work in your favour by the sound of it.
definately a tough one i hope it work out for both parties,not really a situation id want to be in.

[Simon13]

Well just to give a better picture, the other half is my brother in law so its the family game a bit too. He lives on the same road as me and his reason for wanting out isn't a financial one but this new addition




he bought this 66,000 mile 325i cab a few months ago, which is fair enough. He doesn't need 2 1/2 cars and 2 motorbikes plus the wifes car to run! all on his income.

The touring has sentimental value to me and its not forsale. Rob didn't buy in with me to make fortunes but knew he could yield his money back or a little more. We were never going to lose out on it for what we paid. We have suggested what daimlerman said and go on the fact if it was ever sold on by me and some proper coin was made then i'd split some of it with him.

The deals always been i did the spannering and he kept the money side tight, being an accountant helps! I'll have a chat with him. Its currently insured for £5000

[mick_318is]

Si,

I think your curent line of thinking is spot on ( especially as its family)

I would think something around 2k + 10% of anything over 4k if you were to ever sell it within the next 10 years. ( I would definitely put a end date on it )

Mick

[daimlerman]

We have suggested what daimlerman said and go on the fact if it was ever sold on by me and some proper coin was made then i'd split some of it with him.

You can choose your mates,but family you is stuck with....

So pleased that an elderly mind was helpfull!

[Jim320i]

You can choose your mates,but family you is stuck with....

So pleased that an elderly mind was helpfull!

You can always disown family though like I do...

[DanThe]

We have suggested what daimlerman said and go on the fact if it was ever sold on by me and some proper coin was made then i'd split some of it with him.

You can choose your mates,but family you is stuck with....

So pleased that an elderly mind was helpfull!

Its out of order IMO, if you sold your house for a quick sale would you expect a cut of any appreciation the buyer is likely to get in the future? Its not like he is going to be paying towards running costs anymore

[bss325i]

Give him 50% of the original purchase price and 50% of the parts cost. He gets all his money back and had the spannering for free.

Does that not sound fair?

I cant see Simon selling this anytime soon!

[mattycoops43]

+1 if you have done all the work, if he gets all the money back he put in, I don't think that's unreasonable, what he has effectively done is loan you the money to sort the car. Up to you if you think he should get paid any more on top for the favour!

[bss325i]

Also, you do spannering for him on all his cars, gratis as well i assume?

[Simon13]

as i say hes family, who does my tax return? I'm from a tight family, blood thicker than water.

I've done 70% of the milege on it, but i just want rough figures really. Theres alot of love for the wagon on here, i want to take it all on and try and find the money to repaint both sides, pina skirts and a tech 2 tailgate spoiler for some true epic action.

Plus full pina stripe kit/warpaint.

5000 seems optium

[Simon13]

And get the 2 door done. God loves a tryer and i love a distraction car or 2 or 5 maybe along the way

540i e34 or m5?

[Blitz]

And get the 2 door done. God loves a tryer and i love a distraction car or 2 or 5 maybe along the way

540i e34 or m5?

Both

[Felix79]

Rubbish get a e34 B10 Bi-Turbo

[B7]

Give him 50% of the original purchase price and 50% of the parts cost. He gets all his money back and had the spannering for free.

Does that not sound fair?

I cant see Simon selling this anytime soon!

Very fair.

If someone want out of the deal, then what happens after shouldnt count.

Perspective here is:

I bought half the two door si currently has coming up for sale. I decided it wasnt for me so si bought me out for half what it owed us. I wouldn't expect si to give me anything when.he sells it. I've put fuck all more into it.

[goosiegander]

Give him 50% of the original purchase price and 50% of the parts cost. He gets all his money back and had the spannering for free.

Does that not sound fair?

I cant see Simon selling this anytime soon!

This,

Spanner driving of any good quality is far from cheep!

[B7]

Theres also another thing to consider here. Who want the arrangement to end?

If it's si's choice to buy Rob out and Rob don't want out, then maybe there is a case that whenever the car is sold on, a %age would be payable.

BUT

If it's Robs choice that Simon buys him out, then it's his choice. He should not expect to inherit any windfall later surely?

[Morat]

You owe your brother in law half of my left testicle. It's a weird world!