BAT green 1976 BMW 2002. opinions?

[astrakhan]

Price: $5000

Location: Virginia

Description:

Hi folks, please forgive me if this was already posted and discussed, I couldn't find any previous mention of this car.

any opinions or thoughts on this vehicle?

It seems to be in pretty nice shape but....

Asking for a friend.

1976 BMW 2002

BRINGATRAILER.COM

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Bid for the chance to own a 1976 BMW 2002 at auction with Bring a Trailer, the home of the best vintage and classic cars online. Lot #72,564.

 

Edited May 5, 2022 by astrakhan

[Mario Falfan]

Nice color, good looking interior, the real issue is how much your willing to pay? And remember BAT will charge 5% on top of the selling price …

[JQ02]

I think it's a good sign that the paint is over 4 yrs old and there don't appear to be any rust bubbles in the paint.

"Rust is present on the floors" could mean some sheet metal work for sure. My guess is that it'll go between $12-15k

[Teej]

It all depends on the price.

 

The seller seems to be very forthcoming, there is a detailed independent analysis.  The only two serious issues are that the steering box has no adjustment left (good replacements are tricky to find and getting pricey) and the pedal box is perforated (same).  If AC is important to you, repair could get expensive as well.

 

BAT usually fetches more than what I feel these cars are worth.  John's estimate of 12-15 is probably close to the car's actual value, but with their policy of extending auctions by two minutes every time there is a better bid, it could go higher.  And whether it's realistic or not, Hagerty values a 76 02 in good condition at over 23K.

 

From what I can see, this car is somewhere between fair and good.

 

 

[JQ02]

You called it, @Teej  I thought 15 would be high, but the bidding continues getting bumped every couple minutes past reasonable. $18k and counting. ... sold for $21,250.  

Edited May 6, 2022 by johnq22

[astrakhan]

wow, just over $21k, amazing. thanks to all the folks above who offered an opinion.

My bud was pretty psyched when he saw it sitting at around $6k for awhile.

thanks again for the input.

[Teej]

@johnq22, I have  a love/hate relationship with that site.

 

They get some really cool cars and often have informed comments, but it seems to me they are largely responsible for driving prices of semi-collectibles into the stratosphere.

 

I don't envy the entry level guys who want something they can enjoy and wrench on without going into hock or ruining their marriages.

 

I thought I overpaid for my 02 4 years ago......but at this point it's done almost as well as my portfolio, and I sure didn't intend for it to be an investment.

 

@astrakhan, this is always the way on BAT.  It looks like a smokin' deal until the last hour or so and then the big guns come out.  I wish your friend luck, but these days it's hard to find a decent shell for that price.

[JQ02]

On 5/6/2022 at 5:27 PM, Teej said:

@johnq22, I have  a love/hate relationship with that site.

 

They get some really cool cars and often have informed comments, but it seems to me they are largely responsible for driving prices of semi-collectibles into the stratosphere.

 

100% agree @Teej. I watch it and sometimes comment, but unfortunately, I'm not likely to buy a car on it.  Sell, one maybe ? 
I WAS in the market for a 2002 [update: thanks to those who've reached out! I bought a '76 on 5/11 that's more of a driver than a project; Found on craigslist, paid $2k less than this green one and I believe I got a bit more car.-], but I'm scrounging FB Marketplace, craigslist, any anywhere else I can find. I'm open to a basket case for the right price, so what I'm looking for won't be there anyway.

Edited May 16, 2022 by JQ02

[mmichalik]

@JQ02 I just PM'd you.