Would You Buy A Used Car From This Man? And How Much Would You Pay?

Bertel Schmitt
by Bertel Schmitt

There’s a slightly used 1977 Peugeot 504 on the market, and the last bid stood at one million $.

One owner only: Iran’s President Mahmoud Ahmadinejad. His car was put on an international auction this Saturday, Iranian state media reported as per the Business Recorder. According to Iran’s official IRNA news agency, the bid came from an Arab country.

The car even has its own website. The proceeds of the auction will go to “a project to build 60,000 homes for the disabled and to needy women who are providing for their families.”

Even Muriel Martin gave the Persian Prez. the thumbs up: “Mahmoud Ahmadinejad has but one redeeming quality, and that’s his taste in daily drivers…” That plug probably drove the price up another $500K. The car would be LeMons worthy, but the price would get it disqualified.

Still, something doesn’t compute. A million dollars – to pay for 60,000 houses? That’s $16 per house. What will needy women get in Iran? A doghouse?

Bertel Schmitt
Bertel Schmitt

Bertel Schmitt comes back to journalism after taking a 35 year break in advertising and marketing. He ran and owned advertising agencies in Duesseldorf, Germany, and New York City. Volkswagen A.G. was Bertel's most important corporate account. Schmitt's advertising and marketing career touched many corners of the industry with a special focus on automotive products and services. Since 2004, he lives in Japan and China with his wife <a href="http://www.tomokoandbertel.com"> Tomoko </a>. Bertel Schmitt is a founding board member of the <a href="http://www.offshoresuperseries.com"> Offshore Super Series </a>, an American offshore powerboat racing organization. He is co-owner of the racing team Typhoon.

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  • MRF 95 T-Bird MRF 95 T-Bird on Jan 03, 2011

    Wonder if the Peugeot's radio is tuned to the Iranian versions of Limbaugh, Hannity and Savage?

  • Jedchev Jedchev on Jan 03, 2011

    I wouldn't buy this Pug from this guy. As far as Iranian cars, I want the 1979 Cadillac Iran. It's a Seville manufactured in Iran with a much more powerful version of the Olds 350 Engine. The Shah was a big believer in the first-gen Seville and loved it so much he built a factory.

  • 3-On-The-Tree Lou_BCBeen to Vancouver many times headed to Whistler Blackcomb to go cross county skiing and snowboarding. Beautiful place awesome snowboarding.
  • Lou_BC While we discuss Chinese cars, Chinese politics, and Chinese global desires, I'm looking at TTAC and Google display advertising for Chinese tires. They have nukes aimed at us but their money and products are acceptable to consumers and business?
  • TheTireWhisperer And a thankful Memorial day to all.
  • Kwik_Shift_Pro4X Take some time today to realize that virtually zero soldiers had died defending your border.
  • Tassos As somebody who is NOT a stupid fanatic about EVs one way or the other:No manufacturer has built a "Better Tesla" EV yet. Most have tried, we wait for TOyota only (last hope for the Tesla haters)UNLESS a DIRT CHEAP Model 2 comes along (will never happen in the next 2 or 3 years), Do NOT expect that 7% to go to even 10%, let alone the ... 30% clueless Idiot Joe Biden voters expect. If anything, PLUG INS and HYBRIDS may, in the SHORT term, bring the 7% down.