Whats this '71 2002 worth?
 

This is the description the seller gives....

Looks clean in the pictures too....

It amazes me that people run an ad like this and don't proof read. Link to the pics?

http://forums.pelicanparts.com/uploa...1267464342.jpg
http://forums.pelicanparts.com/uploa...1267464355.jpg
http://forums.pelicanparts.com/uploa...1267464365.jpg
http://forums.pelicanparts.com/uploa...1267464376.jpg

Send the seller a check for $10,000 and have him agree that he will not sell you the car at any price.

This way, you'll have lost less money than if you bought the car and fixed it up.

Cheers,
JR

Cool looking cars but they are made of iron oxide.

PM "karlusmagnus" here on Pelican. he recently sold his Tii and is pretty knowledgeable.

Guess I should have mentioned I was wanting to pull a "onewhippedpuppy" on this thing.... Whats it worth in its present shape with a good cleaning?


JR don't worry about me and projects... That VW learnt me a lesson... I sent it your way yesterday and washed my hands of it... Lost ~1200 and consider myself lucky...

LOVE those cars. good friend had one in college. i had the privilege to be his passenger, when he put it into a wall. it was a cherry 2002Tii. we almost (came this close) to hugging and crying. we lived, car didnt.

what is the asking price?

Guy is asking 2200.... I wouldn't feel right If I didn't chew him down 200 though... I got chewed down 200 on the VW.... I feel its only fair to pass the buck....

Posted edited - Z-man.

Well, it' s a roundie, and roundies are nice ;-) The problem with those - I have one - is that no matter who does the work, you'll end up spending twice what it's worth, if not 3 times... ;-(

They're fun little cars, the engine is cheap to modify and upgrade, the parts are available and reasonable, but they ARE made of rust! And it's kind of a VW GTi market, lots of them around, lots of kids buying them as first cars for a song and modifying the crap out of them, and as a result of all of the above, the values have a hard time rising. Even for nice ones... Tiis are the cream of the crop for resale, but you can beat Tii performance for less money with carbs mods or modern fuel injection...

I know some guys on the BMW2002FAQ board who have $20-30K in restoring them...
Me, I have over $13K in the car including purchase, and it's worth 8-10 on a *good* day !
It's one of those cars that sucks you in with its cute looks, good handling and innocuous purchase price - then when you are hooked, it reams you with restoration costs ;-) For the money i have in it now, I wish I'd bought an Alfa GTV instead. But it's fun ! And people LOVE this thing... They damn near kill themselves catching up with you in traffic just to give you a thumbs up !


http://www.erikaslist.com/pictures/2002_side.jpg

(New head, fuel injection, 5 speed box and brakes from a 318, rust repair, trunk lid, hood, interior stuff, wheels, exhaust, brake lines...never ends)

Deschodt

I agree completely.. Of course, I still have what's left of my first car, a 71 roundie, and someday I will spend way more than it is worth to fix it back up..

And there is nothing wrong with that !! :p As long as you know what you are getting into... It's rather like spending $30K restoring a 911T instead of a 911S, except even more upside down. If there ever was a car where one should BUY a complete restoration, that's the 2002 - possible the Alfa I want as well... but I never learn ! The lure of the cheap car is strong !

So are you guys avoiding telling me a number so I will run? Cuz.... if I could buy this drive it for a month or two and make grand I would be all over it....

No, I'm avoiding giving you a number because I have no idea what it should be... Seems everyone finds superb cars for $500 and I could not find a halfway decent one for $5000 when I was looking !

I *think* the current price is fair IF the description in accurate... I paid more for my car... Then again a stored car might have more issues than one that is currently running... and your rust in the rockers could be that the car is about to break in half... hard to tell from distant blurry pictures and a seller's description...

Go see it?

I might have a chance to go look at it this weekend. Unless you guys don't think I stand a hope in hell of making any money...

Buying a 40 year old car that is known for rust issues and hoping to flip it for a profit? What could possibly go wrong? :p

I obviously wouldn't buy it if it was a total rust bucket.... Guy might not like me rolling under it with a creeper and poking around but too bad....

There a plenty of 2002's in that shape going for less than $3K. No profit to be found in that car.

As one who owned an Alfa 2000 GTV I would say keep the 2002. Unless you speak fluent Italian and have lots of time, money and FF miles. You think BMWs rust??

Yes! He could make a small fortune...