£50k M Roadster

well its worth what someone will pay him for it. i suspect it'll be for sale a long, long time at that price.

and its not even a coupe, just a roadster. how much would he be selling a low miles coupe for, £70k?
 
Unless you were planning on putting it in storage as an investment, why would you bother spending more than £10-£15k on a Z4M?
 
That car has been posted a few times on here. It has been on sale for a very long time.

It is never going to sell, but I get the feeling the owner is just trying to influence prices.
 
Beerman said:
It is never going to sell, but I get the feeling the owner is just trying to influence prices.
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That does seem to be a problem lately, when people gauge their prices on others advertised. Maybe why prices of used cars are all over the place, and still nothing is selling.
"I am asking £35k for my 80k mile E85; it's much cheaper than the low mileage one for £50k" type of thing.
 
Then you check trade prices for 80k Z4Ms an its under 4k at the moment. Im looking for a 7 seat family car and took the Z along and they asked if that was the trade so thought what the hell see if WBAC is telling porkies and I was offered just shy of 4k 2 weeks ago and mine is immaculate and a 1-4 combo.

Advert is crap too, especially for a car that is shooting for that kind of price the fact the paint is wet too... anyone car person knows you dont look at cars when its wet...

No substance to its history, if it has that lower milage I bet the service history is very sporadic but who knows because the advert gives you almost nothing other than not to be missed and an MOT/INS2.

The Z4M is so niche anyway a car than twice its actual value even in a good climate with a 5 min advert like like. Complete dreamer, if thats worth more than 23k in todays market they would be very lucky.

There are 43 cars for sale on auto trader atm and they have all been sitting for a looonng time. 43 cars is one of the highest amount of cars at one time ive seen.

If the guy gets it then great as that means the majority of these cars are worth a lot more too and I would sell mine tomorrow :rofl:

Reality is a different thing.
 
Pondrew said:
Beerman said:
It is never going to sell, but I get the feeling the owner is just trying to influence prices.
Click to expand...
That does seem to be a problem lately, when people gauge their prices on others advertised. Maybe why prices of used cars are all over the place, and still nothing is selling.
"I am asking £35k for my 80k mile E85; it's much cheaper than the low mileage one for £50k" type of thing.
Click to expand...

That's exactly what happens. Sellers are all basing their own valuation using the higher price adverts. It is also bad how many owners convince themselves their car is a good one when it's not.

Before you list a car on AutoTrader it gives a valuation of the car. Other accurate valuation guides are available online and places like WBAC will let you know what the trade price would be.

Still owners ignore all those guides and convince themselves they are all wrong. Then they can't understand why they can't sell their car and trade in offers are so bad.

HPI valuation guide has a graph showing valuations over the years and how they are dropping off. Coronavirus pushed prices far too high, but now prices are slumping very fast.

Lots of people are stuck with cars worth nowhere near what they need. Hence why so many cars are advertised overpriced, or the recent surge in car repossessions.
 
Absolute dreamer. I clicked the link expecting to see an advert from Millennium Heroes or similar, with a highly polished immaculate example kept inside, with loads of interior shots.

If nothing else, the advert is shite - no interior pics, no engine bay shots, no proper detail on service history. Car looks like it's had a bucket of water thrown over it before pics taken, parked on the driveway.

Be lucky to get £20k for that imo!
 
Another thing that is becoming commonplace is the 'speculative' for sale advert (which I think this one may be).
Especially prevalent with cars used as 'toys' and 2nd or 3rd cars.
The attitude of "if it sells for a very high price, great. If it doesn't I'm not bothered and will keep it" is everywhere.
They skew the market, and encourage more owners to think their cars are worth a fortune which doesn't help anyone.
Makes buying a decent, reasonably priced car almost impossible IMO.

There was an E86 M for sale on here for about six months. Started at £20k+, got down to £15k and is finally sold, presumably for less than £15k. 25%+ is a big difference between initial ask and selling price.
 
Beerman said:
Before you list a car on AutoTrader it gives a valuation of the car. Other accurate valuation guides are available online and places like WBAC will let you know what the trade price would be.
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Autotrader valuations, from my limited experience, do tend to undervalue cars for the public. They are heavily involved in the trade these days, the traders pay their wages and a lot use their software to gauge the market and manage their stock, etc.

I sold a car last year. AT valued the car at £25k. At £25k it would have been the cheapest of its kind on the internet for sale by thousands. It was probably the best of its kind aswell. One previous owner, tiny mileage, showroom condition, etc. I sold it in a week for £29k and it was nowhere near the most expensive on AT (private sales). So I don't trust AT valuations.
 
Autotrader won't value these cars as they are too old which is probably why there is a price discrepancy across the market and the trade prices of £4k are obviously hugely undervalued.
 
HPI/ Cap values have been out on the Z4 E85 E86 and for a little while, and WBAC have undervalued them for a long while.

Auto trader varies some cars it’s really out on in both senses it can under value and over value.

As with all these they are just guides so don’t truly reflect what cars are bought and sold for. Selling something like a Z4M is a specialist car, so if you went to your local car dealership you are likely to get a poor value. You would do better using a specialist garage, or as always selling privately.
 
The valuations are often used for insurance value though, and that is when you get really stuck if a write off means you get back 4k.

You would have a mighty battle with an insurance company if you try to get back £13k for what they see as a £4k car.
 
pvr said:
The valuations are often used for insurance value though, and that is when you get really stuck if a write off means you get back 4k.

You would have a mighty battle with an insurance company if you try to get back £13k for what they see as a £4k car.
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Good point.
You would struggle even more getting a £50k payout for a car the insurance would value at about £15k, then take off 50% because they are bastards.
I couldn't see any insurance doing an 'agreed value' of anywhere near £50k for an E85M.
 
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