A warehouse with unsold BMW cars from the 1990s has been discovered in Bulgaria.
Forget the usual finds of classic cars in a barn.
A warehouse has been discovered in Bulgaria where eleven BMW Series 5 E34 BMWs, believed to date back to 1994, were stored. Photos of abandoned BMW cars posted on Facebook by a Bulgarian car repair shop have already attracted a lot of attention on the "No Corrosion" page. Stories of how the cars came to be in this warehouse over the years and interested speculators wanting to buy them all fuel interest.
Collection of carsThe collection consists of ten sedans and one Touring model. It has a mix of 520i and 525i models. The colors chosen were black and Calypso Red. Due to the later design of these cars, 520i models were powered by a 148-horsepower 2.0-liter six-cylinder engine, while 525i models were powered by a more powerful 189-horsepower 2.5-liter six-cylinder. While they are clearly not superior, they offer more than adequate day-to-day performance. In addition, at least one car has a manual transmission.
The condition of the cars
Although the mileage may be zero, 25 years of storage has taken a toll on the condition of the cars. Some have broken rear windows or missing gas tank lids. In addition, the paint is in poor condition from water damage. Interior photos at least show the seats, which still have not been removed from their plastic covers.
The collection consists of ten sedans and one Touring model. It has a mix of 520i and 525i models. The colors chosen were black and Calypso Red. Due to the later design of these cars, 520i models were powered by a 148-horsepower 2.0-liter six-cylinder engine, while 525i models were powered by a more powerful 189-horsepower 2.5-liter six-cylinder. While they are clearly not superior, they offer more than adequate day-to-day performance. In addition, at least one car has a manual transmission.
The condition of the cars
Although the mileage may be zero, 25 years of storage has taken a toll on the condition of the cars. Some have broken rear windows or missing gas tank lids. In addition, the paint is in poor condition from water damage. Interior photos at least show the seats, which still have not been removed from their plastic covers.
History of the cars
The initial reports implied that the cars were purchased for use by a rental company, but then never registered. The truth is out there. One commentator, Edis Shabana, claims to know the real story of how the cars got there. He believes the cars were bought by Nikolai Tadarukov, Bulgaria's former agriculture minister. They were supposed to be intended for use by members of the Bulgarian National Assembly, but after the preference of politicians was given to Mercedes-Benz cars. Due to the refusal, the cars were placed in a warehouse in Blagoevgrad, which is located in southwestern Bulgaria. An old factory full of scrap metal is not an attractive place, but at least it protected BMW from the harshest weather conditions.
Car salesBecause of the long time without use, the eleven cars will likely require a light restart before their first trip. The owner of the warehouse and the cars is reportedly considering auctioning off the vehicles. Given the level of interest on social media, he's unlikely to have trouble finding buyers for these forgotten retro cars. However, with more than 1.3 million BMW 5 Series E34s produced, these special cars probably won't achieve an astounding sale price. In the UK, similar E34 models cost between £2,000 and £5,000 depending on condition. The rare M5 model may rise in price significantly.
Because of the long time without use, the eleven cars will likely require a light restart before their first trip. The owner of the warehouse and the cars is reportedly considering auctioning off the vehicles. Given the level of interest on social media, he's unlikely to have trouble finding buyers for these forgotten retro cars. However, with more than 1.3 million BMW 5 Series E34s produced, these special cars probably won't achieve an astounding sale price. In the UK, similar E34 models cost between £2,000 and £5,000 depending on condition. The rare M5 model may rise in price significantly.
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