In-Person Auction
1968 BMW 1602
1968 BMW 1602
| Make | BMW |
| Model | 1602 |
| Year | 1968 |
| Mileage Indicated | 86 842km |
| Transmission | 4 Speed Manual |
| Engine | 1600 |
| Wheels | 13 Inch |
| Interior Colour | Black |
| Exterior Colour | Green |
| Paperwork | Yes |
| Vehicle Condition | Good |
We’ve caught wind of a fascinating tale suggesting that Niki Lauda once took the wheel of one of these beauties. Upon gazing at the impeccable condition of this BMW, it’s easy to entertain such a notion. This particular BMW belongs to the era known as the NEUE KLASSES, a phase that pulled BMW back from the brink. The 1602 model, in particular, played the role of a savior. Without this very 1600 model, the E21 and E30 3 Series might never have come to fruition, possibly leaving BMW in dire straits during the 1980s.
“Neue Klasse,” when translated to English, signifies “New Class.” BMW initially applied this term to its groundbreaking sedans of the 1960s and 1970s. The 1602 stands as the compact engine iteration of the beloved 2002—a 1602 badge on a 2002, or the reverse, could easily deceive most observers. Our own 1602 possesses decent performance, and a bit of TLC could easily restore it to greatness. Despite its small 1600 engine and manual gearbox, this little beast proves incredibly fuel-efficient. For dedicated BMW enthusiasts, this specimen is an absolute gem—a sound investment, although the ultimate judgment rests with you.
Frequently Asked Questions
An in-person car auction is an event where vehicles are put up for sale to the highest bidder. It takes place in a physical location, such as an auction house or a designated venue, where potential buyers can attend the auction in person.
In an in-person car auction, registered bidders gather at the auction location and bid on the vehicles that are presented on the auction block. The auctioneer starts with an opening bid, and interested bidders raise their hands to place their bids. The bidding continues until there is only one bidder remaining, and that person wins the vehicle.
To participate in an in-person car auction, you need to register beforehand. Registration requirements include providing identification, proof of residence, and a deposit. Once registered, you can attend the auction and bid on the vehicles that interest you.
Yes, in-person car auctions allow potential buyers to inspect the vehicles before the auction begins. This inspection period gives you the opportunity to assess the condition of the vehicle and determine its value. It’s important to carefully inspect the vehicles you’re interested in and consider any potential repairs or issues.
Test drives are not allowed at in-person car auctions. However, you can check the interior, and examine the vehicle’s features.
Winning a bid at an in-person car auction is considered a binding contract. If you change your mind or fail to complete the payment, you will face consequences such as losing your deposit.
