Land-locked Drop-top- 1988 BMW M3 Convertible

South America has been in the news quite a bit recently, if you haven’t been paying attention. But when you think about South America today, you’re probably thinking of the upcoming Olympics, perhaps the Zika virus, or if you’re well versed maybe the crumbling country of oil-rich Venezuela. Maybe you watched the Top Gear specials and you saw Argentina, Bolivia or Chile appear on your screen for the first time. One country you probably don’t consider is Paraguay. Paraguay sits alongside more famous Bolivia as one of the two land-locked countries in South America. It’s also one of the countries which attracts the least tourism in the West, a legacy of a government that adopted isolationist policies following its independence from Spain in 1811. It’s relatively tiny, too – with a large percentage of the 6 million inhabitants focused in a small area around the capital of Asunción. The top two exports Paraguay is known for are soybeans and frozen meat, and most of those go to neighboring giants Brazil and Chile, along with some to Europe. In short, it’s a religious, agrarian, isolationist country with no ports. But that doesn’t mean there aren’t some with money. And those with money have bought cars in the style of the West. In fact, it might just be the best place to buy…an E30 M3 Convertible?

CLICK FOR DETAILS: 1988 BMW M3 Convertible on eBay


Year: 1988
Model: M3 Convertible
Engine: 2.3 liter inline-4
Transmission: 5-speed manual
Mileage: 120,000 mi
Price: No Reserve Auction

Vehicle Details
Year: 1988
Make: BMW
Model: M3 E30 Convertible
Model code: BB05
Mileage: 120,000
Transmission: Manual
Engine: 4 Cylinder, 2.3 L (195hp)
Exterior Color: Misano Red
Interior Color: Black
VIN: WBSBB050X03559073
Located in: Asunción, Paraguay
Autos Clasicos py

Description

Relisted due to non-paying buyer. Please only bid if you accept our payment and shipping policies! Please ask all questions before bidding! Car is located in Paraguay, shipment is at buyer’s expense. Assistance with shipment provided. Full payment must be made prior to shipping!

Up for auction is this very sought after 1988 BMW M3 E30 Convertible.Convertible M3’s were only built for the European market. This one is a BB05 version, 1 of the 174 ever built. M3’s were all hand-built at BMW M’s Garching facility.

This M3 was delivered to the UK market and registered into the M Registry with the following Factory/OEM options:
◾16-inch cross-spoke alloy wheels
◾green-tinted windshield stripe
◾velour floor mats
◾warning triangle + first aid kit
◾heated front seats
◾on-board computer
◾ radio preparation with BMW Sound System
◾power antenna
◾cassette holder

A renowned car collector in Paraguay imported the car around 2013, then sold it locally to the current owner 2 years ago. Since purchased the car only drove for around 300 miles but it was always well taken care of

The current owner made the following repairs/restorations to the car:
◾Full paint
◾New upholstery for front and rear seats
◾Purchased factory-optional hardtop
◾minor repairs and restorations

This beauty runs strong, shifts smoothly through all gears. All windows and electronics are in operating condition. The convertible top system also operates normally. Alpine wheels just add to make this car a real gem.The current owner just imported the optional hardtop and it just look amazing

During our inspection we tried to document graphically all imperfections of the car as you can see in the images.

As noted above, the vehicle is located in Asunción, Paraguay. We can assist with shipping overseas at buyer´s expense. We got a quote for the non-paying bidder to ship the car from Asuncion to California, 20 ft. container for about U$4,750.00.- We were told that import duty in the U.S is 2,5% of car’s value but please check with your local authorities.

Please keep in mind you are bidding on a pre-owned vehicle. Everyday driving can cause minor chips, dings or scratches on a vehicle. Unless otherwise noted in our photos or description these items are minimal, but may exist in some cases.If you have any questions about this or any of our other auctions please feel free to contact us at (+595)992 285 844. Thank you for your interest and we look forward to hearing from you. More pictures are available please write us at lpomata@hotmail.com

TERMS OF SALE: Please note that all sales are final and all vehicles are being sold AS-IS, WHERE-IS with NO warranty expressed, written or implied. Any descriptions or representations are for identification purposes only and are not to be construed as a warranty of any type. It is the responsibility of the buyer to have the vehicle inspected prior to bidding. We do our best to represent the vehicle as accurately as possible to disclose any known defects associated with this vehicle. Seller assumes no responsibility for any repairs. Please read the terms & conditions of the sale before bidding. Any inspections are to be completed before the end of sale therefore we encourage the buyer to contact us prior to bidding. This vehicle is subject to prior sale and we reserve the right to end this listing at any time.

Autos Clasicos py

PAYMENT TERMS: The successful high bidder will submit a $500.00 NON-REFUNDABLE deposit with PAYPAL within 24 hours of the close of the auction. Buyer agrees to pay remaining balance due within 7 days of the close of the auction. All financial transactions must be completed before delivery of the vehicle.

PAYMENT METHODS: PayPal for $500 deposit only due within 24 hours of the end of the auction, no exceptions.
Remaining balance to be paid by Bank wire transfer 7 days after the close of the sale

Finding a pristine M3 Convertible is already fairly rare; there just weren’t many produced, and they fall into the realm of the most infrequently seen M3s. The early BB05 195 horsepower model is correctly listed as 174 produced; that makes it significantly more rare than all but a few limited edition models like the Europameister ’88 and Ravaglia models. As we’ve covered previously, these M3 Convertibles were a bit of a headscratcher, as they added 400 pounds and softened up what was supposed to be a pure racing machine. But they’re certainly desirable to quite a few, and this one looks great in Misano Red (236) with Black Leather (0226), and is offset by the Alpina wheels. At 120,000 miles, it’s no spring chicken, but it appears lovingly taken care of and sporting recent refreshing. As with all things E30 M3, it’s going to be expensive – but right now, it’s a no reserve auction with a starting bid of $69,000. Is 70K the right number for this car? Well, Nate wrote up a later 215hp ’91 with a scant 21,000 miles in May that failed to sell at the astronomical $130,000 Buy It Now. More of a comparison should be made of the ’90 I wrote up in December which sold for $71,000. It appears that the seller is in the right range of price, but this car has many more miles than those two lower mileage, completely original examples. Plus, you need to go through the importation process which will likely be expensive. But it’s not like there are a glut of examples to choose from on any given day, so if a drop-top S14 has been your dream and you’re game for a road trip through South America, maybe it’s worth the gamble on the open bid. Just bring some snacks, as it’s an 89 hour, 4,000 mile drive – just to get to Bogota, Colombia.

-Carter

Bookmark the permalink.

Comments are closed.