Value of a 2002

[Guest Anonymous]

Looking at buying my first BMW 2002 and not quite sure how to value the vehicle. Vehicle runs reasonably well. Stock engine with unknown mileage. Body in good shape, few cosmetic flaws, minor rust in non structural areas. Seats are in rough shape, so they have covers on them. Couple minor issues with wiper blades not working. Car seems to shift well. Car is priced at $5k. Any room for negotiation on this. It is a small speciality car dealer selling the car. Thanks. New to this market, but hoping to someday be an owner (and contributor) for others with questions.

[jmon0261]

That sounds way over priced. Pictures help a lot.

Here is a mash to compare- Good luck

http://www.jaxed.com/cgi-bin/mash.cgi?cat=cp&itm=bmw+1970s&loc=&fil=2002&ys=&ye=&ps=&pe=&pgs=100&submit=++++go++++

[jrhone]

First off you should ask about the dealer. This will tell you about the car. If they sell 2002s regularly then someone here knows about them. Second the car is WAY overpriced. I bought a pretty clean car for $3K. That car sounds like a $1500 car to me. Seriously. There are PLENTY of 2002s out there. Also do you want to work on it or buy it and drive it? If you plan on doing work and upgrading it in ways then spend less, like $2K and get one that needs some minor work. If not spend $7-9K and get one that needs just a driver. $5K is no mans land...It will get you one that still needs work (maybe as much as a lower priced car) and one that is not just jump in and drive ready....just my opinion. Good luck on our search.

[THE1ST3]

Need more information: is it a 67 or a 76? Is it a tii or carb'd? Does it have a sunroof? Is it an east coast car or a west coast car? Does it have original paint? What kinda wheels are on it? Records of service performed? How does it drive? How's the clutch/brakes/exhaust? Any smoke/knocking? Let's see some pics. Without these and other critical details, most input is gonna be minimally useful.

[pjo33us]

I am in the same boat... looking to buy a carb 2002 to turn into a vintage racer. I am in Colorado and it seems like every car that comes for sale either has extensive rust (along with the other issues of a 40 year old car) or sellers want around $5k or more for something that still has some "cosmetic issues".