The original sales invoice confirms that this example was purchased by first private owner, a Mrs Carole Knight, as a dealership demonstrator at a considerablecost of # 27,000 less # 16,000 for her 1987 325i Convertible in part exchange.
It was necessitated by the defendant's insurers as a (pre 2004) Lloyds syndicate not being able to self fund a «secure» annuity and as a consequence facing the prospect of purchasing an annuity for the claimant on the open market at very considerablecost.