The oft-heard advice given by motorheads is never buy another man's project...but these are the same motorheads who constantly buy other folks' projects - meaning the advice is actually a self serving attempt to keep competition and bidding wars at bay, or so I tell myself when I see something like this BMW New Class.

Find this 1976 BMW 2002 project currently bidding on ebay for $1,225 reserve-not-met with 1 day to go, located in Tujunga, CA. CRZRSN pointed out in his oppo post yesterday that the offset stripes and yellow paint job are a good match for Torchinsky's beetle.

When you buy any used car you instantly inherit all of the old problems and issues that go with the car. However, when buying a running/driving/registered car you can likely diagnose and understand most of those problems in the course of a good 1-hour test drive and maybe a compression check...not so much when you pick up an almost finished project. Assume everything the seller did recently needs to be redone in some fashion and you'll be much happier.

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The interior needs some help on this New Class -specifically it needs to be torched and rebuilt from the ground up. However, most of the pieces should be available from reproduction or new old stock sources for a reasonable amount of cash. A good project car like this is the ultimate transformer because it will transform your wallet into something lighter.

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This 2002 will need some of your time/money/effort before it can buzz around town, but is the asking price low enough to risk getting stung? See another cheap classic? email us here: tips@dailyturismo.com

Originally posted as 5k: BumbleBMW: 1976 BMW 2002 on Daily Turismo.