E89 3ltr auto
- Thread starter bison
- Start date
At the summit of the picturesque fens
Gwest44 said:
Glass’s or Cap Clean is usually what the trade use a guide price with many cars going over book value, retail price is obviously higher.
Pondrew said:B21 said:
I thank you Peter!
You have no idea how hard that was to say!
For all your moaning how these cars are overpriced have you managed to find any of them subsequently sold at a fraction of the original ask?
If it’s a fairly uncommon car very low milage someone may well pay £15k if the car suits them, maybe that is top heavy but there are lots of Z4s advertised at what I think is over priced. The price is similar to a Z4M which is even older they are both weekend toys, the seller will either get his price or lower the price to move it, my guess is when the sun shines in April he will get close to the asking price.
Having said that prices today for E85s is a lot stronger than October last year, I paid probably £1000 less than the same car would cost me today.
Having said that prices today for E85s is a lot stronger than October last year, I paid probably £1000 less than the same car would cost me today.
Scottish Borders
The market in the UK for E89s has badly gone off the boil…
I track the cars that actually sell as opposed to what was asked for initially..
My guess is that on average is that folks are asking anything between £3k and £5k over what people are actually ending up selling…of course there’s always the hope that a newbie will fall in love with a particular car and buy on impulse without regard to the overall market, in that case inflated AT prices will confirm that actually the price isn’t inflated..so there is hope if you are willing to hold out..
As an example there’s now a 2:1 price range on the 67 23i on AT from under £5k to over £14k..
I track the cars that actually sell as opposed to what was asked for initially..
My guess is that on average is that folks are asking anything between £3k and £5k over what people are actually ending up selling…of course there’s always the hope that a newbie will fall in love with a particular car and buy on impulse without regard to the overall market, in that case inflated AT prices will confirm that actually the price isn’t inflated..so there is hope if you are willing to hold out..
As an example there’s now a 2:1 price range on the 67 23i on AT from under £5k to over £14k..
B21 said:
Peter you can track what’s on sale put it in your favourites, see if they lower the price or see when it’s removed from sale but you can never know what the seller ended up getting unless you talk to them and they decide to tell you.
FWIW in this case perhaps 15k is right at the top of the board and perhaps 13k would be more realistic but it’s not a 10k car as Pondrew thinks it should be. An interesting point is maybe things might have changed now but when I was tracking auction (not eBay, proper car auctions) selling prices quite often these cars were achieving much over the book (glass’s / Caps) price.
WBAC is a different machine, they can set whatever price they want and those foolish enough or desperate enough will sell it to them, but smaller used car dealers usually will never be able to buy those cars for the price WBAC buy them for. Hence why you won’t find the WBAC car which pondrew found for 7.5k for 10k either at the dealers or privately.
Doesn’t matter what Pondy or silverstar think the car is worth, the market decides.
Yes you may got an occasional outlier, if someone falls in love with a car and impulse buys without doing their homework.
If the owner isn't particularly bothered about selling, they can set their price and hope for the above scenario.
If they need to sell however, that price is dictated by the market.
Yes you may got an occasional outlier, if someone falls in love with a car and impulse buys without doing their homework.
If the owner isn't particularly bothered about selling, they can set their price and hope for the above scenario.
If they need to sell however, that price is dictated by the market.
Silverstar said:
Hi there ….the issue with AT is just how many cars do sell vs the ones that simply get delisted..
Certainly on the Yellow E89s which I do track in detail whilst it’s clear people are asking top money compared to other colours I’m still not sure how many actually sell..
I’ve ended up being an informal advisor up here to many would be buyers ..mostly advising on technical issues..so it may well be that my clients are ‘bottom feeders’ ..however certainly the prices they are paying are at least 50% down on what was being asked for 2 years ago..
You can now buy 35i/35is consistently for £10k….maybe helped by their reputation..
WBAC certainly has fallen out of love with the E89 but I wouldn’t now regard that as a valid market marker..
Scubaregs said:
Well this much is true!
B21 said:
Thing is though that the BCA group in one form or another (WBAC, BCA auctions, Cinch, etc) are the dominant force in the used car market. I don't know what percentage of used cars pass through their hands, but it will be high. At the numbers they deal with, they are able to manipulate prices to a degree and set them to suit themselves and their buddies in the car trade.
Nowadays the used car market is massively dominated by the trade, presumably down to the public's laziness and not caring about money.
Still think £15.5k for an old N52 engined E89 is much too steep, though! :evil:
Interesting Viewpoints
I had planned on keeping my 2009 E89 S drive 3.0i for some time but a health issue may decide for me The jury's out at the moment. With only 29000 on the clock its a question of Shall I or Shan't I at £15.500 I would lean to Shall but at £10.000 defiantly Shan't. I will watch with interest.
I had planned on keeping my 2009 E89 S drive 3.0i for some time but a health issue may decide for me The jury's out at the moment. With only 29000 on the clock its a question of Shall I or Shan't I at £15.500 I would lean to Shall but at £10.000 defiantly Shan't. I will watch with interest.
I am going to wade in here and yes I do own a E89 3.0 auto. Certain cars will have a certain value because of rarity and desireability. Cars like the E89 3.0 will never happen again (ditto with bells on z4MC)and at some point this will resonate with buyers especially lower miles cars that have not been through the wringer of life. This doesn’t mean of course that the E89 is going to feature massively on the classic market probably ever but lower excellent cars will always find a buyer at a good price for the seller and yes this price will be substantially more than the usual. But it ain’t going to be stratospheric ever. Fwiw, my experience (and I might be slated for saying so) of dedicated car forums is that they tend to downplay their cars value .hoping that they will be able to pick up a car more cheaply at some point. For example, I can’t get a realistic price for a car on a certain forum as the buyers all want knackered examples for free to do up. Yet the actual classic car market does move them albeit still not at massive values. I remember also with clarity how people on NSXCB (Honda nsx forum) were saying in 2010 how they were just waiting for the cars to reach £15k and then swoop. The prices then start to increase slightly and they were outraged but still didn’t buy. My 14000 mile nsx is now valued (properly) at £110k. They are still outraged - that said the clientele of the forum has changed substantially from those asking “how can I fix this on a shoestring” to owners who understand they have a classic. All I am saying is that - as others have said - the market pays what it thinks is right at the time. And timing is crucial. But I also agree that I don’t think prices will rise anymore any time soon.
While writing and deferring to those who think the cars are over valued I think it all depends on how reliable the market thinks the cars are. Unfortunately e89s are now entering banger age territory and like many other cars (eg Mercs, jags, even astons - look at DB9 prices) if they are perceived as money pits then they will dive to the bottom and only resurface 15 years later when those that are still good will appreciate.
When I bought my 2011 30i e89 back in 2018 for £15k from Sytner with 28k miles I used man maths to conclude that it was a future classic, being a NA straight six with manual gearbox - it isn't a future classic, and when I had to sell one year and 10k miles later I was lucky to get £10k for it.
You can get a Z4M for less than £15k, which might actually be a future classic.
The 30i is on the gradual descent to banger-ville, as is my 35is.
The only chance of anything non-M going up in value is a sudden unexpected rise in demand for roadsters coupled with the current death of them in new car showrooms. I wouldn't hold my breath...
You can get a Z4M for less than £15k, which might actually be a future classic.
The 30i is on the gradual descent to banger-ville, as is my 35is.
The only chance of anything non-M going up in value is a sudden unexpected rise in demand for roadsters coupled with the current death of them in new car showrooms. I wouldn't hold my breath...