Jump to content
  • When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.

need advice 1976 purchase


Crashgordan

Recommended Posts

Here's the (now corrected and updated) story:

 

Uncle has a 1976 4 speed, blue, sunroof, 150K miles

When stationed in Germany he purchased the car new and drove it while in country. 

Apparently after he was stationed in Germany and returned home and went back to college, He then purchased the car here in the US.  

Drove it for many years.

 

Car now sits in a family barn and hasn't been started in probably 20+ years.

Ran when it was parked.

per uncle plugs were pulled and a few ounces of oil were poured into each cylinder.  

 

I'd like to keep this car in the family, he's getting older, is not married and has no children.
 
He thinks it's worth "a lot" and i don't know what that number actually is.  he won't say.
i once heard him say $15K and then more recently heard $5K.  
He's not actively selling it but wants to sell it to me.
 
I have plenty of shop space, have other cars (BMW's), motorcycles and machines and a full rolling tool-chest and do most of my own maintenance.
 
The car is 8 hours from me and i've seen it, my instincts are that after draining and replacing the oil, pulling the plugs, and rotating the engine enough to circulate fresh oil, it might run. 
i'm sure all the rubber seals and gaskets are shot, so i am not unrealistic.
Floors seem solid, trunk seems solid, there is some rust in the usual places.  there's a big stain in the pain where a leak in the barn roof has dripped for years.
I would trailer it home.
 
I don't need another project, but do love the car and story and would be willing to take it on.
 
i have no intent of restoring, only preserving from further decay, and making her road worthy and maybe getting him behind the seat again.  it would thrill him
 
 
ignoring the family story, Where should we start on price??  trying to remain objective here.  
 
i know without more info, it's hard to give advice, but i'm looking here for your thoughts.  
 
I appreciate any perspective from this great group. 
 
 

IMG_5634.JPG

IMG_5635.JPG

IMG_5636.JPG

IMG_5637.JPG

IMG_5638.JPG

IMG_5641.JPG

IMG_5642.JPG

IMG_5645.JPG

IMG_5646.JPG

IMG_5647.JPG

IMG_5639.JPG

IMG_5640.JPG

IMG_5674.JPG

Edited by Crashgordan
updated color
  • Like 1
Link to comment
Share on other sites

If you buy it, inspect/clean the fuel tank and pick up assembly or you may not make it home,

I'll let everyone else tell that it's not a Tii.

Edited by jimk

A radiator shop is a good place to take a leak.

 

I have no idea what I'm doing but I know I'm really good at it.

Link to comment
Share on other sites

As Jim pointed out, it’s not a Tii, and it’s blue under all that dust, not black. (If you look in the database you can see an example of what the color looks like).   So not a highly desirable color (golf, inka, Schwartz).  With the family discount I think you are closer to the 5K vs the 15K.

 

 

Link to comment
Share on other sites

Thanks Jimk.  

If we do this i'll probably trailer it home and get it sorted out here.  

 

also, this particular platform is new to me, so i know nothing about them.  Regarding Tii, i also know nothing about that, except that it was noted on the VIN plate (hence the question and possible confusion) and looking for wisdom, that is all.  

 

Thoughts on fair price?  won't hurt my feelings.  

 

Link to comment
Share on other sites

17 minutes ago, bluehills2002 said:

As Jim pointed out, it’s not a Tii, and it’s blue under all that dust, not black. (If you look in the database you can see an example of what the color looks like).   So not a highly desirable color (golf, inka, Schwartz).  With the family discount I think you are closer to the 5K vs the 15K.

 

 

 

thank you for your thoughts.

(and i've updated the original post to reflect these color/model clarification) 

 

ignoring the family component, is $5K too much. 

what's it worth based on the info i have.

i won't buy it just to save, it still has to be a fair deal.

 

 

Edited by Crashgordan
Link to comment
Share on other sites

I think that around $5K is the current retail value for cars that need work or aren't running but are otherwise complete.  Here are some examples...

 

https://losangeles.craigslist.org/wst/cto/d/seal-beach-bmw-2002-e/6788151877.html

 

https://losangeles.craigslist.org/wst/cto/d/prescott-valley-1971-bmw-510/6802110527.html

 

The friends and family pricing should fall between $3K and $5K IMHO.

 

Mark92131

  • Like 1

1970 BMW 1600 (Nevada)

 

 

Link to comment
Share on other sites

35 minutes ago, Mark92131 said:

I think that around $5K is the current retail value for cars that need work or aren't running but are otherwise complete.  Here are some examples...

 

https://losangeles.craigslist.org/wst/cto/d/seal-beach-bmw-2002-e/6788151877.html

 

https://losangeles.craigslist.org/wst/cto/d/prescott-valley-1971-bmw-510/6802110527.html

 

The friends and family pricing should fall between $3K and $5K IMHO.

 

Mark92131

 

That's great!  and thank you for commenting!

Link to comment
Share on other sites

Yup, 3-5k is in line with current markets.

 

And the plates under the hood will say 2002/2002tii just to cover all bases.

 

BIGREDFLAG- if you are in California, you will have to smog a '76, and that is both difficult

and a big hit on resale value.

 

Good luck- it looks like a decent candidate.

 

t

"I learn best through painful, expensive experience, so I feel like I've gotten my money's worth." MattL

Link to comment
Share on other sites

Its a nice color and rare by the paint code production chart. But as others have stated, here in LaLa land, 76' just doesn't carry much value because of smog requirements. I'm trying to imagine if it was a 74' for sale, maybe fetch $5K-7K or more? Has some nicely preserved elements, radio, dash, vinyl, kidney and pretty darn white washer bottle. Since you don't plan to "restore", I'd try to make a deal.

Link to comment
Share on other sites

Id say $1000 because that's what I bought mine for in almost identical condition, but that was about ten years ago now... In my opinion, you're talking 2000-2500 bucks, I'm also cheap and understand what needs to be done to get it on the road reliability. Running it's a 6000-7000 car. Mind you, this is all in the Seattle market, your market may vary. And again, I'm a cheap ass.... Looks like a good project though! Barn finds are my favorite to work on as they have the lowest possibility of being F'd up by a previous owner. Good luck!

  • Like 1

-Nathan
'76 2002 in Malaga (110k Original, 2nd Owner, sat for 20 years and now a toy)
'86 Chevy K20 (6.2 Turbo Diesel build) & '46 Chevy 2 Ton Dump Truck
'74 Suzuki TS185, '68 BSA A65 Lightning (garage find), '74 BMW R90S US Spec #2

Link to comment
Share on other sites

I bought a 76 blue, with an ok exterior and rough interior for 5k just a few months ago. It ran well, and had new tires. the inside has recaros that are ducktaped and the thing was mega dirty. It cleaned up well. the back seat is dried and cracked and not useable. A few rust spots in the pan and couple places under wheel wells that need attention. also there's a bad patch on the drivers side shock tower. 

 

all in all a good "cheap" project that I can drive and goof around with. I am pleased with the price. All that detail to try to help you measure by. 

 

Its cool that he bought it over seas and brought it home. sometimes cars are worth more just cause who or where they came from. 

fullsizeoutput_1da6.jpeg

fullsizeoutput_1da5.jpeg

  • Like 4
Link to comment
Share on other sites

14 minutes ago, esty said:

any o2 that is complete & not a rust bucket is worth $5k in my opinion

 

 

Yep,

 

Tho the rust around the turn signal housings on this one leads me to believe the rockers are toast.

 

Hope I'm  wrong :)

 

Cheers,

  • Like 1

Ray

Stop reading this! Don't you have anything better to do?? :P
Two running things. Two broken things.

 

Link to comment
Share on other sites

I think $1000 is an insult to a family member, hell, so is $2500. You want him to feel just a bit warm and fuzzy about handing it off to you.

 

It is an emotional thing regardless of the price, and if he doesn't feel good about the price, it probably is worth more to him in memories.....like the car in the background of your photos......and you don't want to be the one who "screwed" him over the price.

 

Discuss the market to him in a genteel way and if he agrees, he will come to the same price as you, if not, then respectfully walk away. You will spend many thousands getting it to be roadworthy and chasing gremlins that are bound to come your way.

 

Whole brake system

Wheel Bearings

ALL suspension and hose rubber parts

fuel system

cooling system

Heater valve

clutch?

guibo

and on and on.

 

As an example, years ago, I bought an E30 M3 with only 19,000 miles on it over 15 years. I spent over $5000 IN PARTS just replacing the rubber bits and servicing the different systems so I felt confident in driving the car without concern. It is the same with a 150,000 mile car.

 

Who knows, if he finds out how much it will cost to get it running, he my just give you the car to see it going again. In that case, you better loan it back to him for a drive.....

  • Like 2
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • BMW Neue Klasse - a birth of a Sports Sedan

    BMW Neue Klasse - a birth of a Sports Sedan

    Unveiling of the Neue Klasse Unveiled in 1961, BMW 1500 sedan was a revolutionary concept at the outset of the '60s. No tail fins or chrome fountains. Instead, what you got was understated and elegant, in a modern sense, exciting to drive as nearly any sports car, and yet still comfortable for four.   The elegant little sedan was an instant sensation. In the 1500, BMW not only found the long-term solution to its dire business straits but, more importantly, created an entirely new
    History of the BMW 2002 and the 02 Series

    History of the BMW 2002 and the 02 Series

    In 1966, BMW was practically unknown in the US unless you were a touring motorcycle enthusiast or had seen an Isetta given away on a quiz show.  BMW’s sales in the US that year were just 1253 cars.  Then BMW 1600-2 came to America’s shores, tripling US sales to 4564 the following year, boosted by favorable articles in the Buff Books. Car and Driver called it “the best $2500 sedan anywhere.”  Road & Track’s road test was equally enthusiastic.  Then, BMW took a cue from American manufacturers,
    The BMW 2002 Production Run

    The BMW 2002 Production Run

    BMW 02 series are like the original Volkswagen Beetles in one way (besides both being German classic cars)—throughout their long production, they all essentially look alike—at least to the uninitiated:  small, boxy, rear-wheel drive, two-door sedan.  Aficionados know better.   Not only were there three other body styles—none, unfortunately, exported to the US—but there were some significant visual and mechanical changes over their eleven-year production run.   I’ve extracted t

  • Upcoming Events

  • Supporting Vendors

×
×
  • Create New...