Depreciation!

Quadracer said:
I believe buying a car like a Zed is not necessary.
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I agree! Mine was bought as a toy to use in the sunshine, nothing more. If I were to sit down and analyse what its cost over the nine months and 3kmiles that I've had it, then I'd be in for a shock.

Life is too short to worry about cr*p like that when you get to your second childhood! :D
 
ronk said:
Quadracer said:
I believe buying a car like a Zed is not necessary.
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I agree! Mine was bought as a toy to use in the sunshine, nothing more. If I were to sit down and analyse what its cost over the nine months and 3kmiles that I've had it, then I'd be in for a shock.

Life is too short to worry about cr*p like that when you get to your second childhood! :D
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+1
 
Sadly chaps, this is why I don't buy cars new.

I bought my zed 2 yrs ago for £9k cash. No trade in, no finance. Private purchase.

Now, I would value my car at £6k (probably less). Depreciation isn't too bad for 2yrs ownership.

Would I buy a new zed outright? No chance. Would I but an s2.0i on PCP? Maybe

I really feel for the owners of E89s that have suffered mega depreciation. Sign of the economic times.... :(


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Just bloody pay the money and drive them :driving:

We've all wasted money and will never learn, to me ppl that smoke are throwing money away, they may see my car obsession the same, but whatever u get enjoyment out of who cares :thumbsup:
Unless ur v clever everyone's gonna lose out on cars
Tomorrow we could wake up unable to walk :wink:
When I'm 70 I want to be comfortable in the knowledge that at 19 I had a z4, at 25 an Aston, at 30 a fezza, at 35 a Lambo and then at 40 finally grew up, sounds like fun to me :lol:
 
Well you only loose if you trade in..So i suggest you to keep your zed and loose nothing at all :thumbsup: Even bank deposits are not safe anymore in Europe so its better to keep your tangible goods for now
 
ap208_1988 said:
Well you only loose if you trade in..So i suggest you to keep your zed and loose nothing at all :thumbsup: Even bank deposits are not safe anymore in Europe so its better to keep your tangible goods for now
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You are indeed correct, I will be keeping it and making the best of it. Lose the rft's and see what that does, and I've a little damage on an alloy I need to get sorted, but that's easily done.

Cheers Guys
 
TitanTim said:
ap208_1988 said:
I am glad to hear that :thumbsup: Ditching runflats will make a great improvement!
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:cry: Will it?

Tim.
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I went for michelin primacy hp non runflats from continental runflats and it made a good improvement in ride comfort! The ride is a bit bouncy only over pretty bad surfaces otherwise it is very comfortable! The suspension setup for the e85 could have been better though. BMW has definetely got this wrong and I read it was designed for non runflats. There is always a tradeoff between ride comfort and road holding with passive suspension systems. Last year I worked on an active variable geometry suspension system for road vehicles at imperial college for my thesis and the simulations were impresive when we applied it to a Ferrari F430. I wish i had such a system on the zed but is still under development. However the e89 should be much better in that respect. I also noticed an mpg improvement since changing tyres of about 2 mpg :thumbsup:
 
Woots said:
Just bloody pay the money and drive them :driving:

We've all wasted money and will never learn, to me ppl that smoke are throwing money away, they may see my car obsession the same, but whatever u get enjoyment out of who cares :thumbsup:
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Funny you mention smoking: a few years back I was out in central London with a colleague who drinks/smokes a lot, offered him a lift home in the Audi TT I had at the time. When he saw it he was asking 'how the hell do you afford that', so I added up his approximate monthly spend on cigarettes & vodka (West End bar prices!) & worked out the payments on the car were less!

Think he was shocked but he still smokes/drinks! :D
 
Whether new or used it's really what you're comfortable with - for a toy I'm more comfortable spending £8k than £40k but then I have the worry of maybe spending wads of cash on unexpected repairs . With a new car you have no worries for 3 years , no going over it with a fine tooth comb before you buy it - all you're concerned with is the colour and spec. Depreciation is a reality that either you're concerned about or not - all the people I know who change their new cars every two years seem unconcerned and just enjoy their cars - the thing with our cars is that they're so expensive when new the depreciation looks so much worse.

It's already been said several times - you only live once - do what you want before North Korea starts a nuclear holocaust and we all get fried :(
 
Possibly the large discounts to be had is because there's a new shape car out soon? 6 year production life cycle ?
 
Like some have said its what you are comfortable with I dont smoke ,drink a little bit when I feel the need but my cars have always been my thing through MGBS, RS Fords, Seat Cupras,Mercedes, Beemers the list goes on and why stop when you hit 40yrs when I had my children i had xr3is, RSTurbos, Calibras and now I cant wait for my 35imsport to arrive even though I am coming up to 60yrs I could have brought another house with all the money I spent on cars but enjoyed them hell yes but my golden rule is never buy one I did not have the money in the bank to pay for wether I buy for cash or finance but Deprecation thats a fact of life only once in my life have I got the same back as I paid for a car and believe it or not that was an xr3i I had for a year. 8) :thumbsup:
 
Kryton said:
Possibly the large discounts to be had is because there's a new shape car out soon? 6 year production life cycle ?
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6 years is too low IMHO for that type of cars...see the e85 which is 10 years old and still looks fresh!
 
I always look at it from a 'cost of motoring' perspective. If you get a good PCP deal, as someone mentioned on here, you're effectively renting the car for a pretty reasonable rate - BMW throw servicing in, no MOTs for 3 years and 99% of stuff taken care of under warranty. Care free motoring for 3 years for an all-in payment.

I bought my first Audi 2nd hand outright in cash, it depreciated 7 grand and I had to spend about £1000 on servicing, another £1500 in repairs, it needed new tyres shortly after buying which was £700 three MOTs, one requiring work adds in another £250ish, take into account the year of tax that gets bundled in the PCP from the dealer too, thats £270 = £10,720 - cost of motoring for 3 years technically £298 per month for a 5 year old car. Brand spanking new Z specced to my exact requirements on the PCP deal - £400pm. I think it's worth the extra £102 a month.
 
Using the PCP calculator on the new car configurator can give you a good idea how much the car will be worth at the end of the contract. The Z4 certainly doesn't fare very well in holding its value against a 1 series for example.

Eg: A Z4 sdrive 28i M sport auto list price £39k. GFV after 3 years £14k. That's just 36% of its value retained based on those figures.

A 3dr 1 series 125i M sport auto list price £27300. GFV £12000. That's 44% of its value retained over the same term.

Things of beauty alway seem to be higher maintenance versus things that aren't :lol:
 
Lets not forget...whatever it costs, we get to play in a lovely, fast, fun Z whenever we want to. What do you value that at?

You don't get into a dull 5 door hatch (however fast) or people carrier of doom...you get to flick the heated seats on, turn up the heater and get the hood into the boot...then drive with a BIG smile :D
 
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