Cheap 23i

[Smartbear]

I think it’s a power thing. All the people selling want more power now so perhaps are up grading but in all honesty the 23i is a peach of an engine. I had one for a short time and I loved it and that’s while I had the Z4M. Loads around so prices are falling. Just my opinion of course

Or possibly selling for better economy + cheaper ved ? with even the 23i costing £365 yr anyone with rocketing outgoings will not have to look far to save a few ££ a month .
23i a great car though , had one for a while , they do need to be pushed through all the gears to get momentum but they do pick up .
Going forward as pointed out above from here on brace yourself for some carnage with used prices of some cars .
My own thoughts for a E89 if buying now would be a manual 12-14plate 2.0i Msport 70k-90k circa £8000/£9k , already out there & likely to get cheaper :wink:

autotrader.co.uk/car-details/202305097173171?sort=relevance&advertising-location=at_cars&include-delivery-option=on&make=BMW&maximum-badge-engine-size=2.0&model=Z4&postcode=bb120hr&price-from=5000&price-to=10000&radius=1500&year-from=2009&fromsra

I accepted an offer of £13,600 for my Sep 2013 20i (50k miles) a few weeks ago, that sounds quite generous after reading this thread?
Rob

 

[True-Blue]

I think Rob is spot on with respect to the second hand car market right now.

There are many 2 seater convertibles listed (not just Z4’s) that have been on the market for ages, with ambitious asking prices, but not moving.

I had to accept less for my E89 than I thought I would as I only had a handful of genuine enquiries. First car for ages where I’ve put loads of time and effort in without making a bean. Was happy that it washed its face, but if I’d have been paying for labour for the suspension refresh and paint correction I’d have been well out of pocket.

The logical thing for me to do, having sold it, was sit on my hands and wait for prices to start falling… but life’s too short and I wanted a car to enjoy the summer.

I did consider a Z4M or Alpina, but opted for the safer option of a modestly priced E85 3.0Si - if the market falls significantly the net cost to change up to an M or Alpina will be in my favour I believe.

I genuinely think anyone considering selling makes a genuine and concerted effort and gets on with it before things deteriorate.

 

[MikeyH]

I think Rob is spot on with respect to the second hand car market right now.

There are many 2 seater convertibles listed (not just Z4’s) that have been on the market for ages, with ambitious asking prices, but not moving.

I had to accept less for my E89 than I thought I would as I only had a handful of genuine enquiries. First car for ages where I’ve put loads of time and effort in without making a bean. Was happy that it washed its face, but if I’d have been paying for labour for the suspension refresh and paint correction I’d have been well out of pocket.

The logical thing for me to do, having sold it, was sit on my hands and wait for prices to start falling… but life’s too short and I wanted a car to enjoy the summer.

I did consider a Z4M or Alpina, but opted for the safer option of a modestly priced E85 3.0Si - if the market falls significantly the net cost to change up to an M or Alpina will be in my favour I believe.

I genuinely think anyone considering selling makes a genuine and concerted effort and gets on with it before things deteriorate.

Yes, there is a Sterling grey E85 3.0se for sale near Exeter that comes up for the past 3 summers. Starts at £8000.00 and drops to £7500.00 then disappears from sale. Back again this year for £8000.00, now down to £7000.00. Does he know something re price decline. :thumbsdown:

 

[deltasierra]

To most a Z4 is a Z4 , an M or Alpina is only noticed by a knowlegable enthusiast, they both cost a lot more to buy and maintain, it’s your choice if you want to do that, performance wise there are lots cars that are faster on the road today.

A 2.5si or 3.0si in good condition is going to cost £5k plus, sellers want as much as they can get of course and a low milage 3.0si with all the extras may well be worth £7k plus. After the summer prices fall so bargains are there to be bought for £1k and more below then you have all winter to update anything that needs doing - on a 15 yr old car there may be quite a lot.

 

[True-Blue]

I think Rob is spot on with respect to the second hand car market right now.

There are many 2 seater convertibles listed (not just Z4’s) that have been on the market for ages, with ambitious asking prices, but not moving.

I had to accept less for my E89 than I thought I would as I only had a handful of genuine enquiries. First car for ages where I’ve put loads of time and effort in without making a bean. Was happy that it washed its face, but if I’d have been paying for labour for the suspension refresh and paint correction I’d have been well out of pocket.

The logical thing for me to do, having sold it, was sit on my hands and wait for prices to start falling… but life’s too short and I wanted a car to enjoy the summer.

I did consider a Z4M or Alpina, but opted for the safer option of a modestly priced E85 3.0Si - if the market falls significantly the net cost to change up to an M or Alpina will be in my favour I believe.

I genuinely think anyone considering selling makes a genuine and concerted effort and gets on with it before things deteriorate.

Yes, there is a Sterling grey E85 3.0se for sale near Exeter that comes up for the past 3 summers. Starts at £8000.00 and drops to £7500.00 then disappears from sale. Back again this year for £8000.00, now down to £7000.00. Does he know something re price decline. :thumbsdown:

There’s a silver Grey E85 3.0si on 40k ish at £10k that’s been on autotrader since July 2021, started at £9k and went up. The way the advert reads I can only imagine that the seller wants to keep it and his/her/they other half are pushing for it to be sold - currently say’s offer must be over my asking price

 

[True-Blue]

To most a Z4 is a Z4 , an M or Alpina is only noticed by a knowlegable enthusiast, they both cost a lot more to buy and maintain, it’s your choice if you want to do that, performance wise there are lots cars that are faster on the road today.

A 2.5si or 3.0si in good condition is going to cost £5k plus, sellers want as much as they can get of course and a low milage 3.0si with all the extras may well be worth £7k plus. After the summer prices fall so bargains are there to be bought for £1k and more below then you have all winter to update anything that needs doing - on a 15 yr old car there may be quite a lot.

I’ve read this twice, presume it was in response to me? Apologies, but I’m not really sure what your point is?

I’m not talking about the winter slump in convertible prices, I’m talking about an interest rate driven increase in personal expenditure that the majority of renters and mortgaged home owners are going to face.

I’m lucky, half of my mortgage is on a five year fixed rate that ends in July 2024. I’m in a position to clear it completely, but if I wasn’t the interest rate shock from my current rate of 1.14% would be frightening - I consider myself very fortunate, I imagine I’m in a small minority (maybe not on this forum because of the average age, but of the general population)

The Covid price bubble will burst, and that’s the point Rob was making, I believe he’s correct.

 

[matsmith749]

Logic dictates that I agree with the burst bubble on prices - but I'm just not so sure.

The price changes we have seen over the last few years might just be a shift to a new normal, and the slumps in price of the past might be looked back on as the actual anomoly.

I take nothing for granted, and am happy with where I stand TBH - I guess that is the luxury of having a few quid.

 

[True-Blue]

Logic dictates that I agree with the burst bubble on prices - but I'm just not so sure.

The price changes we have seen over the last few years might just be a shift to a new normal, and the slumps in price of the past might be looked back on as the actual anomoly.

I take nothing for granted, and am happy with where I stand TBH - I guess that is the luxury of having a few quid.

It’s difficult to predict I agree, but many landlords are bailing out of the buy to let market which (you would think) would normally be good news for first time buyers and the housing market… with the govt agreement on interest only mortgages and 12 months before eviction, the economic picture’s starting to look weak.

I’m not by any means loaded, and I’m conscious of how things taken out of context on the internet can read, but I’m
Iucky enough to not have to worry too much if interest rates go higher or if my weekend toy drops value - I’d rather have a weekend toy than not

Most of us on here are old enough to have seen many aspects of this cycle before, the only thing that’s different now is that Covid is still affecting the supply of new cars - Propping up used car prices. My gut feeling is that it’s going to get painful for many and ‘weekend/toy’ car prices will suffer most… time will tell

 

[deltasierra]

Some models have a long order time but most are a couple of months or so for a factory build, many have stock cars available quickly, the long wait for components post Covid is less of a problem than production line space.
The economy is in a mess for sure but buyers want the best deal, some can wait, others need to sell, there is a wide range of Z4s to suit most pockets, but, unless you can do DIY maintenence a Z4 can get very expensive, thankfully we are lucky enough to have expert forum members to point us in the right direction.

Nobody is talking the price down, cars depreciate, they reach a point where repair costs more than the value, so you break them for spares