#ReconditioningCarForSale

Christopher writes:

Sajeev,

I have a ’96 BMW Z3 (1.9, manual) that I bought several years ago from a friend who was moving away. This is my “weekend car,” but I haven’t been driving it much lately since my two young kids require a back seat. This means our Highlander now sees more weekend action than the Bimmer. I love the car, but am thinking of selling it and getting something fun that can hold more passengers (E30?).

My problem is that the car now has 191k miles on it and needs some work done to “make it right” before selling it. Mechanically, it needs new rear struts, sway bar bushings, ABS sensors (only about $3 each on eBay), an AC recharge, new tires (old ones have lots of tread but are getting really old) and a noisy tensioner pulley that needs replacement. Oh, and the aftermarket radio/CD player is awful.

Cosmetically, it looks good but the leather upholstery on the seats bottoms is shot (have covers on now) and a broken fog light from hitting a branch in the road.

It still runs and drives great and I feel there’s a lot of life left in it for someone looking for a cheap and fun ride. And aside from reupholstering the seats, I can do all the work myself, saving on the shop labor. But it will be a giant, time-consuming pain in the ass and those parts aren’t going to be cheap. Normally, it wouldn’t be a big deal, but free time has been in short supply lately.

Now that these cars are now fully depreciated and not worth much (especially with close to 200k miles), I’m wondering if it’s worth putting the time and money into it OR if I should just sell it dirt cheap and with full disclosure of the issues to someone looking for a weekend project car?

What would you do? I appreciate that feedback!