E89 Prices

[Beerman]

You do realise than a minimum of 4 months ago takes you back to the start of Autumn?

Autumn starts in October? Where do you live?

Firstly 4 months ago takes you back to September and not October.

Autumn officially started on the 22nd September in the UK.

Apart from not being able to count, or knowing the seasons of the year, your argument is holding up well.

[tiglon]

Have they really depreciated much? I've had mine for approx 3 years and 8 months (32,000 miles), and I estimate the value has gone down by approx £6k in that time. That's £136 per month... doesn't seem unreasonable.

[CliveN]

I think mine has dropped from £100 a month since I bought it in 2017. I think the market is changing though. This means that leggy examples are now becoming as“affordable” as some E85s. But people are wary of big bills; this reduces prices further. Coupled with cars being written off for the most minor of instances with often terrible compensation, people are scared of losing their shirts. Even low milers like mine (29k and 2k a year) are falling but are more likely keep an edge if specd correctly. But the idea of any car now increasing in money (even classics) has gone. I have been looking at Z8s and the selling prices have shifted from over £200k to £150k in the last year alone. Given the potential for wallet emptying I will probably leave it but now is definitely the time to buy not sell.

[CliveN]

I think mine has dropped from £100 a month since I bought it in 2017. I think the market is changing though. This means that leggy examples are now becoming as“affordable” as some E85s. But people are wary of big bills; this reduces prices further. Coupled with cars being written off for the most minor of instances with often terrible compensation, people are scared of losing their shirts. Even low milers like mine (29k and 2k a year) are falling but are more likely keep an edge if specd correctly. But the idea of any car now increasing in money (even classics) has gone. I have been looking at Z8s and the selling prices have shifted from over £200k to £150k in the last year alone. Given the potential for wallet emptying I will probably leave it but now is definitely the time to buy not sell.

[Z450]

I think it seems worse than it is, due to how over inflated car prices beocme during Covid. The reality is most cars don’t appreciate, we had a short spell when they did. I think it’s hard for those who bought at the peak and are now selling!

[simnew]

I certainly wouldn’t go by prices from WBAC…. Those are low to start with.

[Beerman]

I think it seems worse than it is, due to how over inflated car prices beocme during Covid. The reality is most cars don’t appreciate, we had a short spell when they did. I think it’s hard for those who bought at the peak and are now selling!

That's exactly what it is. Prices for cars are correcting themselves after covid.

If you ignore the temporary dramatic rise in car prices the depreciation is probably on a steady curve. If you bought a car at peak prices the correction feels like heavy depreciation.

[Beerman]

I certainly wouldn’t go by prices from WBAC…. Those are low to start with.

It depends what it is. Some cars they offer terrible values, but others they offer a fair price. They can't all be bad offers when they are so popular

The prices WBAC offer for the Z4 match up with trade in prices. They are offering fair money for the Z4.

[ibroker]

The 35is are standing up relatively well. Late nice ones can push £22.5 which i think is ok.

WBAC 2011 35is 80k £5k

Thats a ridiculous post. No one with a 35is with low miles is going to go to WBAC. And thats a high miler at 80k. Not reflective.

[Busterboo]

Apart from not ... knowing the seasons of the year, your argument is holding up well.

You're right and I was wrong. I had no idea that Autumn in the UK lasts near as damn it until Christmas.

That said, I'll bet you London to a brick that the convertible market collapses in October.

[Mr Tidy]

But surely the E89 isn't a convertible in the usual sense as it's effectively a Coupe with the roof up?

At the end of the day I think they have just fallen into the 10+ year old BMW ownership demographic, with limited appeal for many who need more than 2 seats. And they do seem to be starting to suffer issues with the roof mechanism.

I'm still struggling to get to grips with my first E86 being 8 years old when I bought it, but my current one is 18!

[flybobbie]

I paid dealer 18k for my 23i in 2012 and accept it's value is going down by at least 1k a year.
Still to me it's a 18k car, i intend to keep, so try to look after it likes it's a 18k car.
wbac value probably 5k, one of those vehicle score sites said 8k, i think that is slightly optimistic.

[flybobbie]

If you pay several thousand for a run of the mill car it will go down in value by 1k a year.
Only once you get to cars valued a couple of grand there will always be a market for starter cheap transport losing a few hundred a year.
Only once did i buy Audi 8o for £1500 and sold it year later for £1500.

[Z450]

I think sometimes we can get concerned about the value, if you can afford to buy and run the car then enjoyment should be the priority and any potential future value is surly a bonus?!

[flybobbie]

Someone i knew would have a new car every few months, i asked why and how.
He said dealers need to buy new and get to second hand value quick to drop the price and keep the quotas up.
Must have known someone in the trade.