M market watch

Just had a look at the HPI valuation of that car that has went through the auction. :o :o

They think in 2021 it would be £12,750 at a dealer. In 2024 they value the car at £7840 for a dealer sale. A private sale is only £6500-7000.

Trade in value is £5100-5500 for excellent condition. WBAC offer £5200.
 
Ms are as cheap as 3.0si's at this point. Interestingly I did my insurance last month and the insured value was over £13k direct from the insurer.

Still WBAC values and HPIs are only one frame of reference it doesn't take into account the specialist nature of these cars which is overlooked.

What ever way you look at it WBAC values are not realistic and someone was telling me at ZEDFest they had bought a 2.0 for 5k recently so..... ye the Ms are in a very strange place right now.

If this is the case surely the 3.0si and pre facelift 3.0 are worth scratch value....
 
My CSLs and aero skirts are worth more than that.

Ye im not sure what to think about this lot tbh better to just enjoy it and not worry about it. At this money its worth keeping forever.
 
FWIW..E89 35is have come off a Covid peak of £20k+ to now around £10k..best just to get out there and use them before you become infirm /poorly.. :tumbleweed: :thumbsup: :driving:
 
tomscott said:
My CSLs and aero skirts are worth more than that.

Ye im not sure what to think about this lot tbh better to just enjoy it and not worry about it. At this money its worth keeping forever.
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It was my insurance that stated that value for the 3.0si
 
tomscott said:
I have to say and this might just be me, non of these auction sites seem to be hitting close to asks anyway.

It might be my generation but auctions are places I would go to buy stuff cheap not necessarily the best, Ebay generation I suppose rather than antique auction. They also aren't well advertised and there are so many of these sites. Honestly I forget to look.

I mainly crawl auto trader and piston heads but maybe now they are so old more specific places are better like car and classic.

I don't think I would have allowed that to go at that price and tucked it away. That being said it's not the best example but not much would make it a nice car. The corrosion on bits and pieces is maybe not a great sign like the tops of the strut towers etc needs a wheel refurb, the paint looks like it hasn't ever seen a mop and its chipped everywhere with lacquer peel.

Again its the same thing I was talking about yesterday, a front end respray, front disks and pads, wheel refurb, suspension upgrade and maybe sorting the bearings for piece of mind will be 5-6k so at 10k maybe this is probably about right. Again whether its worth spending the money, I would buy it and enjoy it if id landed it at 10k and worry about it later down the line.

Funny I was telling people at ZEDfest 8-9k is where I thought mine is but maybe its even less, it's very depressing! Thankfully im not wanting to move it on.

If you're buying it's a great time. I paid 14.5k for mine with 63k 5 years ago and that was about 1.5-2k less than market average at the time.
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I suppose thinking of the cost of what you'd ideally want to do in the nearish future the price was about right.

I paid a bit less than you for mine in December 2019 on 76K, but it was due an Inspection 2 and I had the bearing shells and engine mounts replaced for peace of mind (it had 7 previous keepers), so that was over £2k straight away. But post Covid I was still ahead on value, probably not now though!

I wish I had somewhere to tuck a Coupe or two away. :lol:
 
When prices are falling buyers tend to defer purchasing anything because of the perceived loss of value and/or opportunity to buy cheaper later. Prices will keep falling until they are cheap enough to stimulate demand or something else stimulates demand (celebrity ownership, maybe?). This has caused me personally to sit on the fence waiting for the perfect M to come along at the right price, when previously I might have been happier to compromise.
 
pvr said:
During the next two years, I will be looking to get an M again or Alpina, but the right one has to come along - in my case, meaning it has to have been a garaged car, not from near any sea and not from Scotland unless proven to be not rusty. It also has to have the SatNav system as I will be transferring the Carplay system I have just bought and I really don't fancy retrofitting one again.

The current 3.0si has been a good learning curve as that is the first second hand car I have bought in 30 years and I have seen that getting it up to scratch means spending a huge amount on it, meaning I might as well have bought a much more expensive car but in a better condition (and garaged ...). I will do the same with an M / Alpina where it has to haev perfect paint, low miles (i.e. about 60k tops) and has to have the right spec (with satnav screen).

I will jump on it when the right one comes along, no matter whether that is next week or in 2 years time.
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You say that you would not necessary look at a car if it is from the coast.
I live in poole and mine is as near perfect as you are going to get with a car at 50,000 miles.
She is a garage queen that only comes out in the summer for mainly shows or a euro trip.
 

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Poole is the best sea location you can get though. If it is Scotland, especially Aberdeen, the combination of sea and salt on the roads are the killers. Not much salt on the roads in Poole though, and being a garage queen, that would be worth looking at.

If you were to sell, I would be down there to look, that is for sure. Especially being the colour of my first M
 
Zedebee said:
When prices are falling buyers tend to defer purchasing anything because of the perceived loss of value and/or opportunity to buy cheaper later. Prices will keep falling until they are cheap enough to stimulate demand or something else stimulates demand (celebrity ownership, maybe?). This has caused me personally to sit on the fence waiting for the perfect M to come along at the right price, when previously I might have been happier to compromise.
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With you there, I am bringing the M purchase forward now as the prices are around 13 for a top one compared to 16 a year ago.
 
pvr said:
With you there, I am bringing the M purchase forward now as the prices are around 13 for a top one compared to 16 a year ago.
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Good idea. Ms seem to be a bit of a bargain at the moment!
 
When you look at how low Z3M prices got, the current value of our cars makes more sense. It was only the S54 coupes that stayed around 20k but the majority were hovering around 10/12ish for a long time. I’m sure they’ll bounce back given time, but it’s likely to be a while imo.

One day the penny will drop, people will appreciate the experience they offer and how relatively rare they are. In the meantime I’m happy to keep it and I actually prefer the fact it isn’t so widely known or loved. It makes it a more treasured and unique ownership experience, a naughty little secret that only a select few have been privileged enough to enjoy :lol:
 
tomscott said:
If you're buying it's a great time. I paid 14.5k for mine with 63k 5 years ago and that was about 1.5-2k less than market average at the time.
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I disagree - the great time to buy is when you can be 100% certain prices won't fall further - and you can only know that after the event.
 
I’m tracking Cayman’s currently and that market is very slow too, most 2 seater luxury cars are struggling. Personally think the sports car market will worsen now until next spring.

Dealer asking prices undercutting private asking prices is a clear indicator to me that many private buyers have been bitten by the Covid ‘peak’ and can’t stomach offloading with a significant haircut.
 
IMHO, I think the market is being driven down by the economic uncertainty with the prospect of higher taxes and a flat lining economy, rather than Z4Ms falling out of favour.
If, and when, the economy returns to more bullish prospects, then the market for Z4Ms and their ilk, in essence flippant purchases, will no doubt strengthen again.
 
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