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Used BMW 1502 Price Guide

The BMW 1502 is a classic compact saloon from the 1970s, representing the entry point to BMW's celebrated '02 Series. With around 200 used BMW 1502 models listed across the UK, prices typically range from £8,000 for project cars to £55,000 for concours-condition examples.

Market Summary

Price range
£8,000 – £55,000
Total listings
200
Most common year
2020
Most common fuel
Petrol

BMW 1502 Prices by Year

Year Min Price Avg Price Max Price
1975 £9,000 £28,000 £55,000
1976 £8,500 £26,500 £52,000
1977 £8,000 £25,000 £50,000

Average Price by Fuel Type

Petrol

£26,500

Average Price by Mileage

Mileage Average Price
Under 30,000 miles £38,000
30,000-60,000 miles £28,000
60,000-90,000 miles £22,000
Over 90,000 miles £16,000

About the BMW 1502

Produced between 1975 and 1977, the BMW 1502 was the final and most affordable variant of the iconic '02 Series. Powered by a 1.6-litre four-cylinder engine producing 75bhp, it offered nimble handling and classic BMW driving dynamics in a compact two-door package. The 1502 featured simplified trim compared to its 2002 sibling, with painted bumpers, basic interior appointments, and smaller wheels, making it lighter and more economical. Today, the 1502 is highly sought after by enthusiasts for restoration projects and period-correct builds, with original right-hand-drive UK examples commanding premium prices.

What Affects the Price of a Used BMW 1502

Condition is the primary price determinant, with rust-free examples fetching significantly more than cars requiring bodywork. Originality matters greatly—matching numbers engines, original paint, and period-correct components add substantial value. Right-hand-drive UK-supplied cars command 20-30% premiums over left-hand-drive imports. Documented history, including service records and provenance, can add thousands to the asking price. Restored cars with professional work typically sit at £25,000-£45,000, while partially restored or good original examples range £15,000-£30,000. Project cars needing significant work start around £8,000-£12,000. Modifications can either enhance or diminish value depending on quality and reversibility.

Tips for Buying a Used BMW 1502

Inspect thoroughly for rust in sills, floorpans, wheel arches, and the front suspension turrets—structural corrosion is the biggest concern. Check for originality of major components, as non-original parts can affect value and authenticity. Verify the engine number matches the chassis plate, and inspect for evidence of previous accident damage or amateur repairs. Parts availability is reasonable through specialist suppliers, but some trim pieces are rare and expensive. Join owners' clubs before purchasing for access to expertise and market knowledge. Budget for ongoing maintenance, as even well-sorted examples require specialist attention. Consider a pre-purchase inspection from a marque specialist, as their £200-£300 fee can save thousands in hidden issues. Factor in running costs—classic car insurance is affordable, but fuel consumption averages 25-30mpg.

Frequently Asked Questions

Used BMW 1502 prices in the UK range from £8,000 for project cars requiring restoration to £55,000 for concours-condition examples. Well-restored cars typically cost £25,000-£45,000, while good original or partially restored examples range £15,000-£30,000. Right-hand-drive UK-supplied models command premium prices over left-hand-drive imports.

The BMW 1502 was only produced from 1975 to 1977, making year selection limited. 1975-76 models are generally preferred as they're earlier examples with potentially less wear, though condition and provenance matter far more than production year. Focus on finding the best-condition, most original example within your budget regardless of specific year.

Rust is the primary concern, affecting sills, floorpans, wheel arches, and front suspension turrets. The M10 engine is generally robust but check for oil leaks, worn timing chains, and correct valve adjustment. Electrical systems can be temperamental due to age. Suspension bushes and ball joints wear over time. Parts availability is reasonable but some trim pieces are scarce and expensive.

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