Are people off loading their 35/35is?

[mcbutler]

I love my 35i, the sound and performance on a stage 2+map are amazing - BUT
I have recently started thinking about the next repair bill (I know its coming) and how much money I want to continue throwing at what is an old car.
Just last year I had an iDrive screen for £2600 - full set of BMW warranted injectors (less than 40k miles) nearly £2500 - new radiator (nearly £400) - new heater fan motor £200!!!!!
The two years prior to that were also equally expensive, the car was already on its second HPFP at 20k miles, to date its only just over 40k!!!!!
Shes garaged and always dry.
I only paid 12.5k for her 4 years ago so I should make a profit on that if I sell her but it wont cover all the work done....
Would I buy another - HELL NO probably lol

 

[mcbutler]

FWIW I did some number crunching and obviously can prove anything with statistics but..

Taking AT and ‘how many left’ as sources…

In the aviation industry we often take the percentage of a fleet for sale as an indicator of health of the market / aircraft type..

Of the 3.3k 23i 2.9% are on the market

Of the 2.2k 30i 1.3% are on the market

Of the 10.6k N20 versions 1.6% are on the market

Of the 1.4k N54 versions 1.2% are on the market

On that basis whilst prices are certainly much lower it’s seems that N54 E89s are not being dumped at any greater rate than other E89s..

For Busterboo the Atacama yellow versions rank 66/95 and 7/10 in terms of increasing price for their respective variants…

Interesting - When you say 'on the market' does that mean actually for sale or still on the road/registered??

 

[B21]

On the market equals for sale on Autotrader..

I appreciate there are other sales channels but for simplicity picked arguably the most popular / consistent one..in the UK

 

[enuff_zed]

Used car prices are high right now due to the unavailability of new cars.

Firstly, I have no evidence to back this up, other than being told by more than one new car dealer.
For various reasons (covid, raw materials from Ukraine, etc) there is a shortage of microchips and as we all know, modern cars are full of the things. Hence it is difficult to produce new vehicles and 'approved used' are becoming the next best alternative.
For a long while now we have had new cars on a PCP from Listers BMW in Kings Lynn. Usually we reach the 32-month mark and have paid back half, at which point you can hand the car back with no further fees.
A couple of months ago we reached that point with our 120d. Ignoring the lump sum at the end, but including the deposit I had paid, my outlay had been £20k. Rather than just hand it back, Listers were all over us and gave us just shy of £24k for it, giving a healthy deposit towards our new 520d and keeping the monthly payments for that reasonable.
So if you are sitting on a 2/3 year old motor and, like us, are happy to take a new car 'off the shelf' then it's a great time to be doing so.

 

[Z450]

I think prices are still higher than compared to pre covid but not as high as during covid.


Funny you mention the 35i/35is I have noticed a much higher levels on Z4 E86 Coupes for sale currently particularly on the private market

 

[tiglon]

In hard times, it's the middle of the market that suffers.

Owners of very expensive cars won't be as likely to suffer from a cost of living crisis, and cars at the bottom end will see increased demand as people look to cut costs.

Unfortunately, Z4's are in the middle, they aren't generally owned by people to whom money is no object, and they're often a luxury extra car rather than a necessity. It's the easiest way to raise funds if things are tight.

My Focus is still worth strong money, compared to during covid and pre-covid. Bought in 2019 for 4.5k on 25k miles, at one point it was worth just over £6k, now on 85k miles and cheapest comparable car on autotrader is still over £5k.

My Z4 is clearly worth considerably less than when I bought it 2 years ago this month. I would say minimum 25% less, if not even more.

It's easy to generalise used car prices, but there are considerable differences between different parts of the market.

 

[mr wilks]

Used car prices are high right now due to the unavailability of new cars.

Firstly, I have no evidence to back this up, other than being told by more than one new car dealer.
For various reasons (covid, raw materials from Ukraine, etc) there is a shortage of microchips and as we all know, modern cars are full of the things. Hence it is difficult to produce new vehicles and 'approved used' are becoming the next best alternative.
For a long while now we have had new cars on a PCP from Listers BMW in Kings Lynn. Usually we reach the 32-month mark and have paid back half, at which point you can hand the car back with no further fees.
A couple of months ago we reached that point with our 120d. Ignoring the lump sum at the end, but including the deposit I had paid, my outlay had been £20k. Rather than just hand it back, Listers were all over us and gave us just shy of £24k for it, giving a healthy deposit towards our new 520d and keeping the monthly payments for that reasonable.
So if you are sitting on a 2/3 year old motor and, like us, are happy to take a new car 'off the shelf' then it's a great time to be doing so.

£600+ a month to drive a 120d :? then walk away from it or go in deeper crazy days hoping the 520d is more "reasonable "

 

[enuff_zed]

Used car prices are high right now due to the unavailability of new cars.

Firstly, I have no evidence to back this up, other than being told by more than one new car dealer.
For various reasons (covid, raw materials from Ukraine, etc) there is a shortage of microchips and as we all know, modern cars are full of the things. Hence it is difficult to produce new vehicles and 'approved used' are becoming the next best alternative.
For a long while now we have had new cars on a PCP from Listers BMW in Kings Lynn. Usually we reach the 32-month mark and have paid back half, at which point you can hand the car back with no further fees.
A couple of months ago we reached that point with our 120d. Ignoring the lump sum at the end, but including the deposit I had paid, my outlay had been £20k. Rather than just hand it back, Listers were all over us and gave us just shy of £24k for it, giving a healthy deposit towards our new 520d and keeping the monthly payments for that reasonable.
So if you are sitting on a 2/3 year old motor and, like us, are happy to take a new car 'off the shelf' then it's a great time to be doing so.

£600+ a month to drive a 120d :? then walk away from it or go in deeper crazy days hoping the 520d is more "reasonable "

No the 120d was £463 a month as we've done it a few times and gained equity each time to put down as a deposit (hence the bit where I wrote 'including the deposit'. :roll: )
It works well for us and hey! We're loaded so don't care anyway.

 

[Pondy]

My Z4 is clearly worth considerably less than when I bought it 2 years ago this month. I would say minimum 25% less, if not even more.

Only cos you bought it from a tight Scotsman who overpriced it... :lol:

 

[Pondy]

I bought my Z4 during the second big Covid lockdown, Jan 2021.
It is easily worth £2-2.5k MORE now than I paid then with 6k miles more on it. So the covid thing doesn't quite add up. You can't equate an E89 to new car prices, as they haven't made them for 7 years.

I put mine down to mileage. Low mileage cars are being offered at massively more money than the equivalent with even slightly higher miles. Massively more!

Just look on the forum at the prices people are asking for low mileage E86s with low miles.

 

[Nictrix]

Just look on the forum at the prices people are asking for low mileage E86s with low miles.

Can you get low mileage E86s with high miles or high mileage E86s with low miles?
:lol:

 

[Pondy]

Can you get low mileage E86s with high miles or high mileage E86s with low miles?

Just look on the forum at the prices people are asking for low mileage E86s with low miles.

Can you get low mileage E86s with high miles or high mileage E86s with low miles?
:lol:

A low mileage car with low miles is so much more desirable than just a low mileage car IMHO. :lol:

 

[Christopher72]

Well, I tend not to finance cars, having too many cars and only paying for insurance, it's really all sunk cost. In Ohio we can register for 5 years no inspections for about $170. No taxman in my pockets if I have something in my garage that I only use on sunny days. Marcoose likely has to pay a 'Sin Tax' for an ICE, I'm sure.

There's really nothing at the price point that I'd enjoy as much -- and I 'm a bit DIY centric, so having a car in pieces in my garage to me is a great excuse to get away to my space and work with one of my 'too many' children on a project. I have parts waiting for my time and that's cool. Not everyone wants to wrench, so I get it that paying someone to do these things can get expensive. Gain a pub friend that owns a lift :lol: :cheers:

If you want a hobby that is just throwing money with risk of 500%+ loss, get into the large reef aquariums hobby. I guarantee you'll stop complaining about car maintenance when one of your beautiful expensive aquatic animals consumes another one. Or your 570 Liter aquarium busts a seam after 5 years, losing thousands in animals + aquarium, while also ruining your floors and next level down ceilings. Everything in perspective. unch:

 

[Nictrix]

Can you get low mileage E86s with high miles or high mileage E86s with low miles?

Just look on the forum at the prices people are asking for low mileage E86s with low miles.

Can you get low mileage E86s with high miles or high mileage E86s with low miles?
:lol:

A low mileage car with low miles is so much more desirable than just a low mileage car IMHO. :lol:

:lol:

 

[Argyll Andy]

My Z4 is clearly worth considerably less than when I bought it 2 years ago this month. I would say minimum 25% less, if not even more.

Only cos you bought it from a tight Scotsman who overpriced it... :lol:

Emmm, you can f**k right off

 

[Pondy]

Emmm, you can f**k right off

He-he-he! :lol: :lol:
"harsh but fair" I reckon!

 

[Marcoose]

Marcoose likely has to pay a 'Sin Tax' for an ICE, I'm sure.

‘Sunshine Tax’. Yes, just paid the annual renewal, US$360. Yes, pricey. But I’m not complaining. The quality of life in San Francisco is fantastic. I drove (the famous and beautiful) California Highway 1 yesterday to fish at Martin’s Beach. Top down both ways. I’m going up the Sierras next weekend. Living the dream. That costs something.

 

[mcbutler]

Used car prices are high right now due to the unavailability of new cars.

Firstly, I have no evidence to back this up, other than being told by more than one new car dealer.
For various reasons (covid, raw materials from Ukraine, etc) there is a shortage of microchips and as we all know, modern cars are full of the things. Hence it is difficult to produce new vehicles and 'approved used' are becoming the next best alternative.
For a long while now we have had new cars on a PCP from Listers BMW in Kings Lynn. Usually we reach the 32-month mark and have paid back half, at which point you can hand the car back with no further fees.
A couple of months ago we reached that point with our 120d. Ignoring the lump sum at the end, but including the deposit I had paid, my outlay had been £20k. Rather than just hand it back, Listers were all over us and gave us just shy of £24k for it, giving a healthy deposit towards our new 520d and keeping the monthly payments for that reasonable.
So if you are sitting on a 2/3 year old motor and, like us, are happy to take a new car 'off the shelf' then it's a great time to be doing so.

Pretty much spot on there chum, micro processors are a huge issue and its really unnerving to realise just how vulnerable the 'west' is to shortgaes of such things. Its reflected in the price of copper as well apparently, I have a tenant who is a trader, he was saying that copper pricing is a great guide to recession etc as it is used in pretty much everything so as demand drops it indicates manufacturing and demand slow downs... Interesting...
As you say, hang on to your present car and try to sell at the right time

 

[mcbutler]

On the market equals for sale on Autotrader..

I appreciate there are other sales channels but for simplicity picked arguably the most popular / consistent one..in the UK

 

[B21]

£12,750 for a 55k mile well spec’d Yellow 35i…almost worth buying for a rainy day..


https://www.autotrader.co.uk/car-details/202305077119023