2002 BMW Z3 2.5i

Description

OFFERED WITHOUT RESERVE 

Out of a combination of a lifelong automotive passion and an unyielding desire to support the people of his Alabama community, the Generous Collection was born. Mr. Greg Rusk, a successful business leader in the cardboard industry, with a big heart for helping families and friends in times of need, would regularly pay overly generous fees to acquire an interesting vehicle. After decades of collecting and supporting local automotive enthusiasts, the Rusk family is ready for these vehicles, each with their own story, to write their next chapter back on the road, where they belong.

The Generous Collection debuts with Part 1 offering over 200 cars in October, all offered without reserve, emerging from years of long-term silent storage. Many additional lots will be offered in the coming months. From the quiet shadows of the Generous Collection to the sunshine of backroads and highways, enthusiasts now have the opportunity to own a piece of a generous car-collecting legacy. 

* * *

When the Mazda Miata proved in 1990 that a small two-seat roadster could be a runaway success — after they had all but disappeared from the market a decade before — other manufacturers began planning their own, the most famous of which were the Porsche Boxster, Mercedes-Benz SLK, and BMW Z3.

The Z3 project began in 1991 with a design from Joji Nagashima, and a final version was launched in 1995, with production starting that September at BMW’s facility in Spartanburg, South Carolina. The BMW Z3 was based on the E36 3-Series platform, with MacPherson strut front suspension and rear semi-trailing arm suspension from the older E30 (1982-94) 3-Series. The first Z3s were powered by a 140-horsepower, 1.9 liter four-cylinder engine capable of 0-60 mph in 7.9 seconds and with a top speed of 120 mph, with power climbing as production continued. Priced $10,000 higher than the simpler Miata, the Z3 had something that the Mazda did not: BMW’s prestigious performance reputation.

“‘Grown-up Miata’ is a nutshell summary,” Car and Driver wrote upon the Z3’s release, “[but] that understates the slick and sophisticated BMW feel that sets the Z3 apart from any other two-seater on the U.S. market."

Highlights

• Offered from The Generous Collection

• Finished in Sterling Gray (472) with tan leather interior

• Powered by a 2.5-liter DOHC inline six-cylinder engine rated at 184 hp

• Five-speed automatic transmission

• Black manual soft top

• Clean CARFAX Vehicle History Report

Features

• 16-inch wheels wearing 225/50R16 tires

• Power-assisted rack-and-pinion steering

• Power anti-lock brakes, seats, windows, and locks

• Air-conditioning

• Anti-theft system

• AM/FM/CD stereo

Known Imperfections

• While reasonable efforts were made during preparation for the sale, due to the volume of cars in this collection it was not possible to diagnose or detect all imperfections present in the cars. 

• Paint chips on nose

• Antenna broken off

Included

• Keys

• Owner's manual

• Tonneau cover

• Tool kit

Ownership History

This 2002 BMW Z3 is offered from The Generous Collection of no reserve automobiles. The accompanying CARFAX Vehicle History Report places it in Georgia, Tennessee, and since 2003, Alabama.

Additional Notes

A Broad Arrow Auctions Specialist is working as an agent on behalf of the owner of this vehicle. Broad Arrow Auctions is a wholly owned subsidiary of Hagerty.

Contact: Ramsey Potts Phone: 912.508.4096 email: rpotts@hagerty.com

Title in Transit:   

What does Title in Transit mean? 

Hagerty Marketplace has confirmed a clean title status, the owner maintains the title in hand and will send it to the Hagerty Marketplace team to be reassigned to the new owner after the auction is complete. 

Alabama Sales Tax Notice to Bidders: Because this car is located in Alabama, the selling dealer may be required to collect and remit Alabama state sales taxes of up to 2% of the purchase amount, even if the buyer plans to register the car outside of Alabama, if (a) the buyer is located in AZ, CA, FL, IN, MA, MI, or SC (capped at $500 in SC), and (b) the buyer does not transport the car out of Alabama using a common carrier (e.g., if the buyer drives the car or transports the car out of Alabama on a personal trailer). Additionally, the selling dealer may be required to collect and remit Alabama county or city taxes from buyers located outside of Alabama, if (a) the buyer does not transport the car out of Alabama using a common carrier (e.g., if the buyer drives or transports the car out of Alabama on a personal trailer), and (b) the buyer fails to provide an executed Drive-Out Certificate for Nonresidents. For additional information, please consult this publication and your own tax advisor regarding sales taxes applicable to cars located in Alabama that are sold to residents of another state.  

Please note that all lots in The Generous Collection are offered after many years of storage, without operation or service, in warehouse facilities. The seller endeavored to provide limited mechanical servicing to bring some cars back to running potential, however, not all cars will be running at time of sale. Because of the extended static display, it must be assumed that all cars will require additional mechanical attention before being driven safely and, in most cases, cleaning to both the interiors and exteriors. All the cars will have imperfections associated with long-term static storage and require extensive sorting to perform best and safely. The burden of determining a car’s status, both mechanical and cosmetic, rests fully on the bidder, prior to bidding and the close of the auction. All lots are sold as is, where is.    Additionally, due to the location of the collection and limited access to the facility following the close of the auction, all lots must be retrieved while a Hagerty Marketplace representative is onsite beginning Monday, November 3 through Wednesday, November 19. No cars can be retrieved prior to November 3 and any lots remaining after November 19 will be re-located outside in the parking lot for retrieval by their buyers.