Buying Guides

Buying Guides to Download

Download an 02 Buying Guide

Download a detailed 2002 Buying Guide from December 2007

BMW 02 series at the movies

Classic bimmer – covered

 

Valuation Guide May 2016

 

 

Concours

 

Best in world

# 1

Excellent

 

Not Quite Concours #2

Good

 

Better than #4  few issues

# 3

Fair

 

Daily driver

Some issues non-standard parts     #4

1502 £8000 + £5000 – £7000 £2000 – £4000 Up to £2000
1600-2 Coupe £10 – £20000 £8000- £10000 £4000-£8000 £2000-£4000
1602 £8000 + £5000-£7000 £2000-£4000 Up to £2000
2002 £15000 £10000 £5000 £2000-£4000
2002 Auto

 

£10-£12000 £7000-£10000 £3000-£5000 Up to £2000
2002 Tii

 

£25000 + £12- £20000 £8- £12000 £4 – £8000
2002 Touring £10 – £12000 £7000-£10000 £3000-£5000 Up to £2000
2002 Touring Tii

 

 

LHD

£10 -£20000

 

EUROPE ONLY

£8 – £10000

    VERY FEW

£4000-£8000

UK

£2000 – £4000

2002 Targa

 

£25000 + £12 – £20000 £8 – £12000 £4000 – £8000
2002 Full Cab

 

£25000 + £12 -£20000 £8 – £12000 £4000 – £8000
2002 Turbo

 

£50000 + £25 – £40000 £20000 £15- £20000

New Klasse

1800                       £6000                   £4 – £5000        £2 – £4000              £2000

1800 TI              £15 – £20000         £10 – £15000    £6 – £8000       £4 – £7000

1800 TiSa        £30000 +     minimum (200 only built and most are Historic Touring cars now)

2000                  £6000                    £4 – £5000        £2 – £4000          £2000

2000 Ti              £10 – £15000       £8 – £10000        £4 – £8000       £2 – £4000

Valuations:

This is a bit of a minefield, with everyone having an agenda. Some to peg values of their beloved 02 as on various forums.

Others who have a vested business interest in 02 values, where we see far different prices for fully restored and modified vehicles.

Everyone has an opinion with arguments for both sides of the fence being right and justified.

 

However this exercise is one that needs to be addressed, for the BMW Car Club Valuation Service to be able to justify the values to both people requesting a valuation and the insurance companies. We must therefore, take this decision more seriously as classic car values are currently increasing.

 

We have monitored Auction results and Internet sales in recent months, It is quite bizarre what some vehicles are making at Auction and a similar vehicle in similar condition is achieving far less on the Internet.

We have also taken note of some classic car magazine valuation guides and Hagerty Insurance Valuation Tool. These all do broadly speaking reflect the same or similar general values

 

There are and will be major exceptions to these rules

VERY LOW MILEAGE

EXCEPTIONAL CONDITION

FULL DOCUMENTED HISTORY

HISTORICALLY RARE AND SIGNIFICANT VEHICLES

THOSE VEHICLES WITH SPECIAL PROVENANCE

 

All these can significantly enhance a vehicles value. This is not a one value fits all exercise each vehicle should be considered on its merits.

Previous lists have all shown what cars you can expect to get in a specific valuation and condition range; this now needs to be more model specific.

Not everyone will agree with some of these figures, we must be more realistic in the current classic Car climate; we must also be more vigilant to any dramatic changes that may occur and be ready to revisit these values as appropriate.

See recent H&H Auction result March 2016 2002 Targa Cabriolet making £47,000.

A 2002 Tii in USA fetched $71,000 in June, prices in USA seem even stronger than Europe, and presumption is market demand and popularity presently in the USA is greater than Europe.

Recently found was an extremely low mileage one owner original 1602 making significantly more than £15,000

A couple of Turbos have also appeared at Auction one failing to sell at around £50,000 mark whereas another easily made more than this.

Pat Tremain & Richard Stern.