Should I buy or Should I run?

[Freude am Fahren]

I've come across a 1972 BMW 2002tii that hasn't run for a few years. Originally in riviera but resprayed red (shame). Owner claims to have owned it for the last 10 years and used to drive it as his daily before it was parked and forgotten. I'm learning more and more about the car and have plans to go see it in person. He says he's negotiable on price. My plan would be to restore it to its original color and rebuild all the suspension and mechanical stuff so it become a reliable car. I will share a few photos he has shared with me. Am I looking for trouble or could this be of interest?

 

 

[E21kc]

It’s like that sexy crazy chic at the bar- you know you might be getting into trouble but you know it will be fun at the same time. 

[VWScott]

I think it all depends on the skills you have if its worth it. Plan on the worst and go from there. The bill can add up quickly even if you are doing it yourself too so theres that.

[Einspritz]

All it needs is everything.

 

If it were Ceylon or Turkis with a sunroof I'd be in.

 

Wait, I already have two projects...

[Freude am Fahren]

I guess skill I have enough. I also have the means (a lift and tools) to do the work. Body work including rust repair I can't do and would have to outsource. But the availability of parts for repairs is what concerns me a little bit

[Einspritz]

You don't really need a lift....

[Mike G]

What’s he asking and what’s your total budget?

[conkitchen]

Take those seats and throw them in the neighbors pool

[Freude am Fahren]

He's asking 20K but says he's flexible. I am willing to offer only what I feel is the car is worth independent of his asking price. My budget is also quite flexible. 

[conkitchen]

20K? maybe about 5 years ago

[VWScott]

20k? No way.

[Freude am Fahren]

Just now, conkitchen said:

20K? maybe about 5 years ago

Like I said I will offer what I think is a fair price if he says no I won't be butt hurt about it

[conkitchen]

Just now, Freude am Fahren said:

Like I said I will offer what I think is a fair price if he says no I won't be butt hurt about it

still cheaper than a factory turbo lol 

[Freude am Fahren]

Just now, conkitchen said:

still cheaper than a factory turbo lol 

Hahahahha you have a point there sir

[conkitchen]

The simple quick math with respects to value afterwards is this. By the time to replace and source all the missing proper tii/2002 things this car does not have you will be underwater is terms of value when reselling. Now of course if you plan to keep it and enjoy it then do whatever and spend as much or little as you want on it.  If you like mostly stockish and original cars say with ALL the correct trim and factory interior, you can buy a car already done for likely less than it will cost to sort this one out.  

 

Captain obvious over and out.