Old luxury cars are in this kind of limbo, which many of them don’t survive. They’re too passé to attract the attention of their wealthy first owners. Tossed aside when the next new thing comes along, they move down to aspiring types who want to project the image of their first owners for less money (or, you might argue, sensible types who can’t stomach the idea of absorbing the double-hit of costly depreciation and maintenance). For round three, they’re fully depreciated to three or four percent of their inflation-adjusted new price. Of course, you’re not getting 100% of the original car – mileage figures are often solidly into six digits, and all the luxury amenities have suffered from use and environmental degradation – but if you budget thoughtfully, an older luxury car can still be a compelling proposition for someone on a modest budget. So first, let’s take a look at this 1990 BMW 735iL for sale for $3500 in Port Charlotte, FL.
Rusty But Trusty 