E89 Market Pricing..how much do you pay for 40k less miles?
- Thread starter B21
- Start date
Scottish Borders
The cheaper one. High miles doesn't really put me off.
In fact if you put another 40k on a took another £2k off the asking price, id buy that one.
Also dont forget the low miles one has dealer markup/warranty. If it was a private sale id expect it to be two grand cheaper.
In fact if you put another 40k on a took another £2k off the asking price, id buy that one.
Also dont forget the low miles one has dealer markup/warranty. If it was a private sale id expect it to be two grand cheaper.
North West Surrey
I was thinking about this just yesterday and, under my new rules, both cars are worth the same as both are "underused". They've sat about barely being used but, and this is the important bit, they've had equal chances of scratches, scrapes, car park dings and something failing prematurely because they've never had a full shake down.
"Low mileage" and some boost to along price means under 10k miles. Or 10k kilometres. Or something stupidly low. Something where the owner left it in a garage and either forgot about it or thought it might make him money because he's a massive cock. The actual few cars that really haven't had a chance to rot.
I sold my mother's Fiesta last year. 53 plate/22 years old, 1 owner, 30-odd thousand miles. The door trim had still fallen off (and been stuck back on), the steering wheel was peeling, there was a mildly rusty ding, boot release was flaky. It wasn't bad by any stretch but, it wasn't factory fresh which is what people seem to think "low mileage" means. The one thing that would price it above anything else was that it had been garaged from new. And that's something that is almost impossible to guarantee on the majority of cars unless they are a one owner job. And then it's irrelevant whether the mileage is 30, 80 or 180k miles as the driving is only 6000 hours of use compared to the 125,000 hours of sitting out in the elements, quietly suffering.
"Low mileage" and some boost to along price means under 10k miles. Or 10k kilometres. Or something stupidly low. Something where the owner left it in a garage and either forgot about it or thought it might make him money because he's a massive cock. The actual few cars that really haven't had a chance to rot.
I sold my mother's Fiesta last year. 53 plate/22 years old, 1 owner, 30-odd thousand miles. The door trim had still fallen off (and been stuck back on), the steering wheel was peeling, there was a mildly rusty ding, boot release was flaky. It wasn't bad by any stretch but, it wasn't factory fresh which is what people seem to think "low mileage" means. The one thing that would price it above anything else was that it had been garaged from new. And that's something that is almost impossible to guarantee on the majority of cars unless they are a one owner job. And then it's irrelevant whether the mileage is 30, 80 or 180k miles as the driving is only 6000 hours of use compared to the 125,000 hours of sitting out in the elements, quietly suffering.
At the summit of the picturesque fens
I don't think the two cars above are a fair comparison, even with the mileage difference.
One is being sold for a profit (dealer). They will have bought that car for no more than £12k (probably more like £11k). The asking price is to hopefully make them a good few quid, but also give them a lot of 'wiggle room' and still make a healthy profit.
The private sale one probably started at £10k plus, but has been reduced cos they weren't getting any interest (it has got gold wheels, which doesn't help).
So if you take the private seller's original expectations (probably based on others they have seen on the internet for sale) and the purchase price of the dealer car, you have around £2k difference. Which is about right for the 44k mileage difference in the general market.
Any other details; service history, condition, options, etc etc are pretty irrelevant when it comes to people's valuation on cars these days. Especially dealers, cos they couldn't give a s**t.
However, if either were 100% perfect, despite the miles, they would be much more money. There is no such thing as a bargain car these days. Believe me, I've looked.
One is being sold for a profit (dealer). They will have bought that car for no more than £12k (probably more like £11k). The asking price is to hopefully make them a good few quid, but also give them a lot of 'wiggle room' and still make a healthy profit.
The private sale one probably started at £10k plus, but has been reduced cos they weren't getting any interest (it has got gold wheels, which doesn't help).
So if you take the private seller's original expectations (probably based on others they have seen on the internet for sale) and the purchase price of the dealer car, you have around £2k difference. Which is about right for the 44k mileage difference in the general market.
Any other details; service history, condition, options, etc etc are pretty irrelevant when it comes to people's valuation on cars these days. Especially dealers, cos they couldn't give a s**t.
However, if either were 100% perfect, despite the miles, they would be much more money. There is no such thing as a bargain car these days. Believe me, I've looked.
Maybe but let's be realistic Andy, there's no way you'd consider any car that had done 80K miles!
Sellers of low mileage cars love people with that mileage fixation.
I have freely admitted I am one of those. And I wish I wasn't (cos it would have saved me tens of thousands over the years). But it's a fact of life that low mileage cars are more expensive; whether they are any better than a higher mileage one or not.
The UK car market is dominated (almost monopolised) by car dealers these days. For many reasons (but mainly easy finance). In the 21st century the car dealing industry has decided that low mileage = lots more profit. Which bleeds down to the rest of the market.
For example......my 'Fauxrrari' is a low mileage Z3 (54k miles) with a full service history (14 stamps and counting). I know that my car underneath is one of the best out there; not just because it has low miles, but because those low miles in a 25 year old convertible means it has never been used in the winter, on salted roads, and was garaged every winter for 25 years. So the low mileage is just a 'headline'. The other advantages that come hand-in-hand with those miles are the real value IMO. Hardest part is selling things that no-one can see or read. But you can see low mileage, so that is good enough.
Very low mileage convertibles generally mean they have been a 'summer only' car. Which would generally mean they have been looked after and most importantly (in the UK) garaged when not in use. In my opinion and experience.
I know, hence my post!
My Z4MC has just gone past 100K miles and is still driving brilliantly - as is my 130K mile 330i.
Mileage is like age, just a number.
Yes it is......the less you have the more you are worth.
With a car like an E89, I would be looking to buy based on condition and service history, rather than mileage. Both cars are the same age, so component degradation due to age will be similar across both cars and will likely need similar preventative or even corrective maintenance. Mileage also doesn’t tell the story on things like roof usage cycles, number of clutch engagements etc.
I’d be looking at bodywork condition, interior condition and evidence of servicing through its life. So on the example above, I’d take the higher mileage and cheaper vehicle every time.
I’d be looking at bodywork condition, interior condition and evidence of servicing through its life. So on the example above, I’d take the higher mileage and cheaper vehicle every time.
https://ebay.us/m/RNH9V3 for the expensive one..
I'd go with the higher mileage car as well. Many good aspects pointed out here (same age, thus same degradation).
The N54 is a solid motor capable of very high mileage with proper maintenance - it's the ancillaries that cause issues. With the money saved you'll have plenty left over to put these right - the lower mileage car may need ancillary help as well, who knows? If both cars are in the same physical condition it's a no-brainer......And I'm a lower mileage guy.
I much prefer the darker grey as well (everybody and their mother drives a silver vehicle here in the USA), and I'd sell those trashy-looking gold rims for a set of nice titanium-silver wheels. Are both interiors black?
The N54 is a solid motor capable of very high mileage with proper maintenance - it's the ancillaries that cause issues. With the money saved you'll have plenty left over to put these right - the lower mileage car may need ancillary help as well, who knows? If both cars are in the same physical condition it's a no-brainer......And I'm a lower mileage guy.
I much prefer the darker grey as well (everybody and their mother drives a silver vehicle here in the USA), and I'd sell those trashy-looking gold rims for a set of nice titanium-silver wheels. Are both interiors black?
Yes both interiors black..the new owner very much like his BMW OE 437M forged wheels FWIW
Tennessee
I’m in the lower mileage camp. There is something psychological in most people’s minds when a car reaches >100,000 miles. You buy the 80k car, enjoy it for several years, and put on 20k more you reach the “tipping” point. Buy the 36k and enjoy it for several years, and you still have a low mileage queen at 56k.
