There comes a point in your life when you have a pretty good understanding of your transportation needs and desires. Is your car new or old? Sport or sedan? Train, plane or motorcycle? Of course this can change throughout the course of your life, but for most part there is a character car(s) for all of us. In light of a recent purchase of a 2003 BMW Z4 2.5L Roadster, I wanted to try and rationalize what type of collector I am currently, and strive to be in the future.
When the Stars Align
Like many car stories, this one starts with the spotting of a neglected car, sitting in the same place for ‘as long as I can remember.’ Right time, right place and a fair deal is all a car buyer could hope for. Much was the case with our subject car.
Dressed in a lovely Maledives blue on beige Oregon leather interior, it’s dash was also sporty in look and feel, having been fitted with the rare graphite finish. The tan top fit its package and the Zagato body design is what makes it iconic for BMW in the early to mid 2000s. Two engines were available in 2003- the 2.5i 185 HP inline 6, and the beefier 3.0i 225 HP V6 counterpart. Automatic and 5-speed manual gearboxes were offered in both the 2.5 and the 3.0 liter models, and this car happened to be an automatic in the smaller package.
No matter, as it’s no secret now that I enjoy the look of the car and what it offers a consumer wanting an entry level sports car with a budget spanning $6-18K. Myself and motoring enthusiasts Taylor Wrighton were hunting for small projects and something we could enjoy working on together. A stroke of luck in Sand City landed us a car that needed some cosmetic TLC and some attention to making sure of its safeties.
Honey-Do-List
First things first were addressing the brakes, tires and suspension. After sitting for a handful of years, pads and rotors were required. Although I was the third owner and only 44K miles on the odometer, a swap out of the rear springs and tires were also needed. No matter- Taylor was on the case making a list of all the things to do on the project. Interior and engine bay were made spotless. Even the investment of fixing the convertible top, that intermittently would decide to not work, was all part of the normal tidy up process.
Although the car was coming together quickly and with minimal resistance, there came a point to decide what to do with the car when it was finished. Might this have been something discussed before purchase? Absolutely. But being a BMW lover and at a price point that would serve as an investment, I really couldn’t afford not to buy the car. In a short amount of time, the Z was road ready and feeling happy to be back out on the back streets of Monterey.
Automotive Identity
Most of you know by now that work surrounds me among the top collectible classic cars in the world as a senior advertising executive with Sports Car Market Magazine. Through the path of Keith Martin, I am able to travel the country attending classic car auctions, car shows, rallies and events which comprise of mostly six figures to the multimillion dollar blue chip autos. Last time I checked, I fall a little short to be afforded the luxury of owning one of these classic cars, and I don’t see anyone leaving me a huge lump sum anytime soon.
Alas, I’m far from out of luck as there are many options for me that won’t break the bank and I have been very fortunate enough to ride and drive in many classic Ferrari, Porches, hot rods and muscle cars over the years. I still desire something of my own, but at what level and condition? Over the years I have interacted with many types of classic car dealers, investors, collectors, brokers, club members, racers and drivers. People in transportation, restoration and insurance. There are so many levels in this industry- just as many as there are people who enjoy this hobby. Am I now skirting around my original topic? Possibly. It might be due to the fact that my idea and personal vision of an enthusiast changes from week to week, and maybe because I can write another 1,000 words on the subject. To be continued.
Time to Move On
Both of us enjoyed driving the car, which I highlighted in my post about the Treasure Island Cars and Coffee event in SF. We also knew that it really wasn’t a long term fit for either of us. Why not?! I am a father of two which requires me to have a sedan first. Ironically, I drive a 2001 BMW 330i M-Sport 5-speed that has the larger 3.0 liter motor that this Z4 doesn’t. Taylor drives a 2002 BMW 325i and has a shop truck, with no room for a third to join his collection of motorcycles and projects. It was settled to start marketing the car to be sold.
A buyer was quickly found with little to no public promotion. A family friend was ready to purchase as soon as it was finished. The car will stay in the area getting most of its future service done by Taylor, and I was in the green after the deal was done. Enough to purchase a classic touring Ferrari? Not even close, but it does plant the seed for the next car to find its way into my garage and slowly move towards a spot on the lawn for the Pebble Beach Concour d’Elegance…hey I can dream can’t it?!