BMW has found, and is preparing to fully restore, Elvis’ 1957 BMW 507 Roadster, according to a July 24 article on RanWhenParked.net.
The article goes on to state that the 507 was originally displayed in the 1957 Frankfurt Motor Show, where BMW invited people to test drive the car and potentially buy it. Unfortunately for BMW, the car was not sold, and was later transferred to the BMW press fleet.
In 1957, the 507 cost 26,500 German marks, which is roughly $457,000 USD today. BMW had a tough time selling the car, so they commissioned Auto Union driver Hans Stuck to enter a race while driving a 507 in order to demonstrate the car’s performance abilities. Stuck was also asked to show the car to potential clients, such as the King of Belgium and “the King” Elvis Presley.
Elvis apparently saw the car for the first time at the Montlhéry track in Paris, France in 1958 and leased the car for $3,750 later that year. The 507 Roadster that Elvis purchased had recently been equipped with a new four-speed manual transmission, new windshield and a rebuilt 3.2-liter 150 hp V8 engine due to the wear-and-tear from being in the press fleet.
He also had the white car painted red after a few too many women used lipstick to write their phone numbers on it. Clearly, Elvis was having a rough time with the car.
According to the article, Elvis did not take the 507 with him when he returned to the U.S., but the Army had reportedly shipped the car to him. Whatever happened to the car upon arrival is unknown.
What we do know is that this exact car has switched hands multiple times, even seeing its original engine swapped for an American engine, a new Borg-Warner transmission and a GM rear axle. It was restored in 1968 by Jack Castor, but sat for decades in a warehouse until it finally resurfaced.
Earlier this month, Castor shipped the 507 Roadster to the BMW museum in Munich, Germany where it will be a part of the “Lost & Found” display until August 10. Once this display is over, BMW‘s Classic Department will give the car a complete restoration, a process that will take up to two years.
No matter the length of the restoration process, we are excited to see the outcome.
(News and Image Source: RanWhenParked.net)