Found on Craigslist: 1964 BMW 700 for sale

I was not aware that BMW built its own version of the Corvair. That’s essentially what this is as the BMW 700 is a rear-engined vehicle offered in a handful of body styles. Actually, both the Corvair and the 700 landed around the same time, so these are more alt-universe versions of each other. And I’ve found one for sale.

It appears that the owner has run out of patience and a place to finish this build. It’s not done, and per the listing, the current shop can no longer work on it due to the health conditions of the shop owner. So the car is being sold in pieces in a sort of “Please Take This Off My Hands” plea of an ad. Here’s the text:

This is super rare opportunity to owned 1964 bmw 700 coup .currently register clean calif title.it’s a project can be easy to finish everything there including brand new windshield oem glass .original engine was taking a parts for machine finish all new seals. Piston rings . Brand new set of rubber shield .new brake hoses,car was performed sand blast last year and primer.all parts are there molding emplems .California car .very small rusted in front nose .unfortunately the mechanic shop owner no longer can do the job ( health condition) sadly I have to giving it up for some lucky new owner asking $5500 obo market price for this rare bmw around $ 36k

https://orangecounty.craigslist.org/cto/d/garden-grove-bmw/7379717013.html

There are a lot of parts there. It’s a car you don’t really see over here. And it clearly needs to go to a BMW-addict owner eager to get this thing done. I don’t see it lasting long especially with that wonderful “obo” tacked to the asking price. Someone is going to scoop this up and hopefully turn it into something great.

Go see more pics at the listing link posted above.

7 Comments

  1. I’ve only ever seen one of those at a car show years ago. They’re interesting enough to justify that price, I think.

  2. Less like a Corvair, and more like an Amphicar. Produced by the same man that saved BMW by buying it out instead of letting Mercedes Benz buy it in 1959, the Amphicar was produced by The Quandt Group, owned by former Nazi slave employer, Herbert Quandt.

  3. Seller is a little bit optimistic about the market value, but not way off for a perfect specimen. Of course, the rule of thumb is to take the difference in price between a car at, say #3 condition and #2 condition, double it, and that’s how much it would cost to restore the car to the next higher condition.

    https://www.hagerty.com/apps/valuationtools/1964-bmw-700-ls

    If a #2 car would be worth $50K, then this would probably get snapped up right away. I think the current value doesn’t justify paying a shop to restore it. My prediction is that the seller will get tired of the lowball offers, but finally give in at $1500, and 10years from now the DIY buyer still won’t have it in drivable condition.

    1. I’ve never had a good estimation for restoration service costs because I’ve never had a car restored (or even painted or engine-swapped). I only look at a project with consideration of how much it would cost ME to do the work to my level of satisfaction. The labor is the fun part for me– I’ve not ever started a project as an “investment”. If I were looking for this model, it appears to be a good starting point given the condition and completeness, though I’d need to talk them down a bit.

  4. I have alerted the only person I know with a BMW 700. Haven’t heard back. I assume something like the beginning of Gumball Rally happened; A man gets a phone call, one word is said, man jumps out window. (My pal lives in a garage with no windows, so I think he’s safe.)

  5. Someone far more talented than myself could drop in a BMW Motorrad flat twin for quite a bit more PAH!

    I believe my only familiarity with these is that old video of people spinning out on that one corner of the Nurburgring in assorted vintage German cars, as these were plenty well represented.

  6. They are neat looking little cars with a touch of Triumph herald to the styling. The factory engine is variation of the 600 R60/2 motorcycle engine so at the back of my mind I have always wanted to see what an R100 engine swapped one would be like.

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