NADA increases 2002tii 3x value since 2002
The BMW 2002tii has been steadily increasing in value for the last several years. About 6 years ago during the year 2002, there was renewed interest in 2002’s in general due to the calendar year at that time. BMW made several splashy headlines in the Wall Street Journal and USA Today proclaiming “…inside every 2002 BMW is a BMW 2002”.
The NADA rated the 2002tii at that time around $12,000 for high retail.
In February 2008, updates of the NADA site (www.nada.com) shows the old high price for BMW 2002tii is now at that mark for the lowest amount – low retail value.
The high value of $31,900 represents a nearly 3x value increase over the last six years. This is good news for current owners who hung on or bought their cars since 2002!
Hemmings Motor News has the BMW 2002 on the cover and a great article by Richard Lentinello. The author readily comments that the 2002 is perhaps the “ultimate cult car” because people buy them just to drive them. Few of us would disagree with that statement.
Here’s a rundown of what NADA states for the car values, and I’ve added their current price for the 2002tii. The prices were the same regardless of year.
Historically, the 1972 and 1973 models bring 10-20% pricing premium for the aesthetics of those models with round tail lights and skinny metal bumpers over the 1974 USA models.
NADA PRICING (2/2008)
$12,150 – Low Retail Value
This vehicle would be in mechanically functional condition, needing only minor reconditioning. The exterior paint, trim, and interior would show normal wear, needing only minor reconditioning. May also be a deteriorated restoration or a very poor amateur restoration. Most usable “as-is”.
Some of the vehicles in this publication could be considered “Daily Drivers” and are not valued as a classic vehicle. When determining a value for a daily driver, it is recommended that the subscriber use the low retail value.
Note: This value does not represent a “parts car”.
$17,800 – Average Retail Value
This vehicle would be in good condition overall. It could be an older restoration or a well-maintained original vehicle. Completely operable. The exterior paint, trim, and mechanics are presentable and serviceable inside and out. A “20-footer”.
$31,900 – High Retail Value
This vehicle would be in excellent condition overall. It could be a completely restored or an extremely well maintained original vehicle showing very minimal wear. The exterior paint, trim, and mechanics are not in need of reconditioning. The interior would be in excellent condition.
Note: This value does not represent a “100 Point” or “# 1″ vehicle *.
* “100 Point” or “# 1″ vehicle is not driven. It would generally be in a museum or transported in an enclosed trailer to concourse judging and car shows. This type of car would be stored in a climate-regulated facility.
The Tii of the Future ?
BMW is poised to launch the new 130i and 135i for USA customers in the 2nd Quarter of 2008. All the advertising BMW is doing would lend you to believe it is the second coming of the Tii. They have even shown a Tii concept model of the 135i as a teaser for things to come. Some speculation is that BMW perceives the Tii has a renewed brand value they can leverage to sell new cars. On paper, and by many auto press reviews, the 135i has all the stuff packaged up right for the first time in a long time.
It’s the kind of car that would tend to make us 20th century BMW fans think about becoming 21st century BMW owners for the first time.
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