Hi all,
I'm fairly new here and to '02s in general. I have uncovered some nasty surprises in my very first 2002. I was hoping some of you more experienced fellows might be able to point the way for me.
Back in March, I bought a 73 roundie from out of town, had a BMW tech do a PPI for me and very little rust was detected. HOWEVER, when I set about removing the aftermarket stereo and moldy carpets, I noticed that underneath the carpet the cardboard material was damp. In addition, once the center console was removed quite a bit of surface rust become visible.
Being quite put off by this, I decided to remove all the carpets and and sound deadening material this past weekend. A few hours with the 5n1 and heat gun, this is what I discovered...
RUST EVERYWHERE!
So what to do now? I guess I should let clarify what I'm after out of the car and what resources I'm working with..
Ultimate Goal:
A barebones 2002 that is a reliable and fun summer daily driver. No need for concourse medals or satellite radio in this one! Original parts and trim can go hang as long as it looks to the casual eye as though the car might have come from BMW (i.e. not seeking fender flares or 2200" wheels). We are after carefree fun and enjoyment here. At least for now.
Mechanical Aptitude:
Guys I'll be honest, on the Pelican parts talent scale, I'm sitting at a solid two wrenches, but would love to increase that!
Tooling:
I have a ratchet set.
Financial Resources:
I've budgeted exactly $4500 to put into the care and repair of the car until January.
Now that is out of the way, what should I do gents? I have a shameful $8000 in this one. Debating whether to sell and cut my losses or ride it out.
Thanks in advance,
Stew