Depreciation!

I picked up my 2009 3.0i for £14.5k (almost) fully loaded. The mileage is quite high but, having a full service history, I figured it was a bargain. The previous owner must have lost well over £20k in three years, which is a horrific rate of depreciation! I guess higher mileage examples of this sort of car are much more difficult to move on, hence the huge price difference. I am going to keep it forever so its resale value is not a problem for me. :D
 
Z4_Gaz said:
I picked up my 2009 3.0i for £14.5k (almost) fully loaded. The mileage is quite high but, having a full service history, I figured it was a bargain. The previous owner must have lost well over £20k in three years, which is a horrific rate of depreciation! I guess higher mileage examples of this sort of car are much more difficult to move on, hence the huge price difference. I am going to keep it forever so its resale value is not a problem for me. :D
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Wow bargain, my 2009 E86 Coupe cost more than that.
 
My car was £39k before discounts, about £32k after discounts and adding toys....

PCP deal is 4 yrs. GFV is about £12.5k

So practically £20k depreciation over 4 yrs. If I keep it that long, thats £5k per year, but if I change sooner, then it will be more per year, cos it looses most early on right?

Key is to keep for a long time, then the depreciation isn't so bad. But are E89's built to last I wonder?
 
I'm not sure the Z's depreciation is really that bad - Z4s are almost never sold at list price. I've been looking at getting one for a couple of years before I took the plunge and there is always MASSIVE support on them. My kitted out 20i was a shade under 40k but the dealer took just under 9 grand off (would have taken a lot more off if I hadn't insisted on a 2013 LCi model). So in reality it's a £31k car and my GFV is £15,500 so again, thats £5k per year depreciation and worth 50% (at a minimum) of its true value after 3 years. Which isn't terrible, it only looks awful when you compare it to list price.

I personally feel BMW overpriced the Z4 by about £5k for what it is - which is why they are always offering money off them. They probably keep the list price a little higher so it sits closer to the Boxster and maintains its prestige in that bracket.
 
supersebbo said:
I'm not sure the Z's depreciation is really that bad - Z4s are almost never sold at list price. I've been looking at getting one for a couple of years before I took the plunge and there is always MASSIVE support on them. My kitted out 20i was a shade under 40k but the dealer took just under 9 grand off (would have taken a lot more off if I hadn't insisted on a 2013 LCi model). So in reality it's a £31k car and my GFV is £15,500 so again, thats £5k per year depreciation and worth 50% (at a minimum) of its true value after 3 years. Which isn't terrible, it only looks awful when you compare it to list price.

I personally feel BMW overpriced the Z4 by about £5k for what it is - which is why they are always offering money off them. They probably keep the list price a little higher so it sits closer to the Boxster and maintains its prestige in that bracket.
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All the deals seem to be on 20i
 
Would dispute that statement just got 11.8k of list for my new speck 35imsport and a pretty good trade in price on the23i well happy but got to wait till June for it. :( :D
 
I think the argument here is not whether if the z4 is worth the depreciation over a value car as i agree they are entirely different beasts and it becomes a question of how much value you put on the enjoyment of owning a zed. The real question is comparing a like for like, new verses 3-4 year old model £20k cheaper....I will be rubbing my hands at a 35is in 2-3 years just after a new z4 is available thus further dumping 2nd hand values...much like current e85/e86 owner have done
 
As the OP let me explain my post, I knew from day one what I would lose over the 2 1/2 to 3 years I keep cars, but shocked I had taken a bit over half of that in just 7 months.
Also looking on BMW approved used, 28i of lower spec, same age and more miles are going for figures which mean the dealer is looking to make £5,500. Remember this car is warrantied and service packed, and meticulously clean, so not even prep work to do.
 
Hi all, I've just registered as I'm about to buy my 1st Z4! I'm trying to get all the info I need before deciding which model, new or old, how to pay etc and found this thread very interesting.
The OP's depreciation looks horrible, so putting me off buying a new car. I've looked at a few Personal Contract Hire scemes that can put me into a new 2.0i M Sport for £1626 down and £275 per month (for 35 months). If I put £30000 in a 3 year bond that pays 2.5 per cent, it will knock off a further £2150 from the 3 year payment.
This appears a great deal but am I missing something?
 
If you are saying that the car cost is £30,000 (assuming that as you said bank £30k) you are effectively renting the car for £11k ish which would be very good, as the GTV for the car is about £12k

So unless I've missed something I'd rip their hands off
 
As kettleboy says, that's £11,000 for 3 year's motoring. You could probably get a decent 3 year old one for £15,000 but in three years it may only be worth £5,000 and you are carrying some risk so there isn't much in it. I know there is some rounding in those sums (man maths!) but you get the gist. I'll gladly pay a few extra £k to have brand new but not £5k-£10k.

One of the problems with the Z4 pricing is the 'free' M Sport pack which is adding £3.5k to the list price but minimal value to the car for most people. None of the M Sport options would be on my 'must have' list. This is distorting the actual price and value and the residuals, causing a knock on effect for folks who bought 2 or 3 years ago. The real price of a Z4 now starts at £25k and you are getting a great spec for a £25k BMW. Compare what else you can get for £25k new that is probably going to be worth 50% in 3 years time...and the E89 really is a GREAT car.

I think now is actually a great time to buy new as long as you get the right deal. (Actually the end of March was the best time :D )
 
ap208_1988 said:
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!
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I quite agree I think the E89 has held up very well in the looks department but as I say the new model must be just around the corner? hence the large discount's.

There are massive discount's on the Audi R8 also, but only because a new model is on the horizon :)
 
Anyhow it occurs to me that non of us are really that hard done by because..

Poor Tim is PAYING BMW to keep THEIR CAR in HIS GARAGE! :poke: :rofl:
 
Maniac said:
Anyhow it occurs to me that non of us are really that hard done by because..

Poor Tim is PAYING BMW to keep THEIR CAR in HIS GARAGE! :poke: :rofl:
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At 6% interest! :roll:
 
Maniac said:
Anyhow it occurs to me that non of us are really that hard done by because..

Poor Tim is PAYING BMW to keep THEIR CAR in HIS GARAGE! :poke: :rofl:
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Hehe har har but if decide to keep it and pay it off I will be getting a car with less than 5K on the clock, mint condition at a bargain price :) or I may swap for a 35i and watch it break all the time :poke: :rofl:

Tim.
 
TitanTim said:
ronk said:
Maniac said:
Anyhow it occurs to me that non of us are really that hard done by because..

Poor Tim is PAYING BMW to keep THEIR CAR in HIS GARAGE! :poke: :rofl:
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At 6% interest! :roll:
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Ahem 4.9% :wink:

Tim.
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Don't worry about it, if it makes you happy it doesn't matter what the cost :thumbsup:
 
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