Buying Guides | BMW 2002

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Modern twist on the 02 Theme;

Valuation Guide August 2020

	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	£20,000 +	£10,000 – £18,000	£6,000 – £10,000	Up to £6,000
1600-2 Coupe	£24,000 – £35,000	£15,000- £22,000	£8,000-£15,000	£3,000-£8,000
1602	£24,000 +	£12,000-£20,000	£6,000-£10,000	Up to £6,000
2002	£30,000 +	£18,000-£28,000	£8,000-£15,000	£2,000-£8,000
2002 Auto	£18-£24,000	£12,000-£16,000	£8,000-£12,000	£2,000 to £5,000
2002 Tii	£40,000 +	£25,000- £30,000	£16,000- £24,000	£8000 to £15,000
2002 Touring	£24,000	£10,000-£16,000	£5,000-£8,000	Up to £4,000
2002 Touring Tii	LHD £20 -£25,000	EUROPE ONLY £10 – £15000	VERY FEW £5,000-£10,000	UK £2000 – £4000
2002 Targa	£35000 +	£20,000 – £25,000	£12,000 – £18,000	£4000 – £8,000
2002 Full Cab	£40,000 +	£25 -£30,000	£12 – £20,000	£8,000 – £12,000
2002 Turbo	£100,000 +	£50,0000-£70,000	£30,000	+£25,000

New Klasse

1800 £15,000 £8 – £12,000 £5 – £7,000 £4,000

1800 TI £25 – £35,000 £15 – £20,000 £8 – £12,000 £4 – £7000

1800 TiSa £60,000 + minimum (200 only built and most are Historic Touring cars now)

2000 £15,000 £10 – £14,000 £6 – £8,000 £4000

2000 Ti £15 – £20,000 £12 – £15,000 £8 – £12,000 £4 – £8000

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 a RHD late model Tii no history and still made strong £17,500 plus comm.

Very good Turbos are selling for in-excess of £100,000

Pat Tremain & Richard Stern.