Surprised with falling E89 used values

Nictrix said:
mr wilks said:
Now this does look worth all of the ask , , its the plum choice for me 3.0i(auto) 52k covered in good colour with sport seats & 296 19s (although desc says 17s :? ) for £10400k :o at a dealer so warrantied :o :o now that's £2k under any similar car ive seen :cry: i shoulda waited that bit longer :( http://www.autotrader.co.uk/classified/advert/201605013521746?minimum-badge-engine-size=2.2&postcode=bb120hr&page=1&maximum-age=up_to_7_years_old&searchcontext=default&sort=default&search-target=usedcars&radius=1501&onesearchad=used%2Cnearlynew%2Cnew&model=z4&make=bmw&logcode=p

or for those who have to have nav & has to be Msport then how about this 2.3i at £11700 on a 10 plate

http://www.autotrader.co.uk/classified/advert/201604163037874?page=2&radius=1501&postcode=bb120hr&maximum-age=up_to_7_years_old&model=z4&sort=default&minimum-badge-engine-size=2.2&search-target=usedcars&searchcontext=default&make=bmw&onesearchad=used%2Cnearlynew%2Cnew&logcode=p
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That 2nd one looks good for 73,000 miles, shame about the dent in the bonnet though :(
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Yea always a bugger on the bonnet :cry: good for negotiation though :wink:
 
An additional reason E89 prices might be weakening is we won't be seeing them raced as much:
http://www.bmwblog.com/2015/09/30/lots-of-bmw-z4-gt3-racing-cars-go-up-for-sale/
 
Z4Rick said:
An additional reason E89 prices might be weakening is we won't be seeing them raced as much:
http://www.bmwblog.com/2015/09/30/lots-of-bmw-z4-gt3-racing-cars-go-up-for-sale/
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Highly much doubt that being a factor at all. It doesn't make people buy them just now, so the fact BMW Motorsport will be changing cars won't effect used values.

The racing version also is nothing like the production model. It's a 4.4 V8 for a start. If you've ever seen one up close, the roof also looks to be one piece fabrication.
 
Angie4m said:
Z4Rick said:
An additional reason E89 prices might be weakening is we won't be seeing them raced as much:
http://www.bmwblog.com/2015/09/30/lots-of-bmw-z4-gt3-racing-cars-go-up-for-sale/
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Highly much doubt that being a factor at all. It doesn't make people buy them just now, so the fact BMW Motorsport will be changing cars won't effect used values.

The racing version also is nothing like the production model. It's a 4.4 V8 for a start. If you've ever seen one up close, the roof also looks to be one piece fabrication.
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I don't see any connection there either , its simply supply + demand .
I think that a majority of E89s put on the road from new would have been new via lease / PCP .
Deal ends & the "owner" either wants a new version for his monthly payment or moves into a different car , hence market has to soak up the 3/4/5 yr old cars & a Z4 into its 4/5/6th year is not generally a daily driver so finding owners willing to throw big lumps into low use cars is always going to be tough
 
mr wilks said:
Angie4m said:
Z4Rick said:
An additional reason E89 prices might be weakening is we won't be seeing them raced as much:
http://www.bmwblog.com/2015/09/30/lots-of-bmw-z4-gt3-racing-cars-go-up-for-sale/
Click to expand...

Highly much doubt that being a factor at all. It doesn't make people buy them just now, so the fact BMW Motorsport will be changing cars won't effect used values.

The racing version also is nothing like the production model. It's a 4.4 V8 for a start. If you've ever seen one up close, the roof also looks to be one piece fabrication.
Click to expand...

I don't see any connection there either , its simply supply + demand .
I think that a majority of E89s put on the road from new would have been new via lease / PCP .
Deal ends & the "owner" either wants a new version for his monthly payment or moves into a different car , hence market has to soak up the 3/4/5 yr old cars & a Z4 into its 4/5/6th year is not generally a daily driver so finding owners willing to throw big lumps into low use cars is always going to be tough
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Have to agree with all that Mr Wilks.

What's your view on the 35i and 35is getting to a rock bottom point, then not dropping anymore, holding station and maybe even clawing a bit back up the scale from a rarity point of view, like the M, and especially if the new roadster is a front wheel drive, small engine car more like an MX5?
 
My own view of the 89 market id say the 3.5,s were almost there & not much more to go before they sit tight
I see them very similar to the 3.0 ZC in that the last 3 years for those have seen very little drop & most likely won't .Leggy dogs will pop up at silly money but for the majority its miles,spec ,condition + history that will dictate the specific value within a certain %
 
My views, which are probably wrong, is that it just looks like the E89s are depreciating quickly because they are newer and a higher value than for instance E85s in the first place.
As vehicles get older they lose less and less over the years.
Say a £15k car and an £8k car both lose 20%, obviously it looks like the £15K car has lost more.
 
Nictrix said:
My views, which are probably wrong, is that it just looks like the E89s are depreciating quickly because they are newer and a higher value than for instance E85s in the first place.
As vehicles get older they lose less and less over the years.
Say a £15k car and an £8k car both lose 20%, obviously it looks like the £15K car has lost more.
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"Newer" in body shape perhaps but easy to forget the early ones are 7yrs old / 09 cars
Hard to explain why you can find some 2.3is at same or less money than late 3.0Sis :wink:
Most likely its the start of the stabilising at the bottom of the 89 market which should then help dictate where the rest of the 89 market will find its level
It would be hard to see them fall significantly lower without dragging the SIs down with them :? which i don't see happening mainly due to the numbers of Se Zs which are still holding their value year in year out
 
I suppose its just the same as finding a 2008 car cheaper than a 2006 car.
Some sellers just want rid of a car quickly against others who want top dollar and will wait.
 
I think there is an element of truth in all these lines of thought. Price discovery is a process that includes a multitude of variables many of which can not be readily identified. In the end, we make assumptions about which variables would be important to us as WE see things. The low price for my Z - only half its original sticker, did not match the useful life gone from it at 11K miles - perhaps as little as 10% to 12% of its useful life or expected mileage. That was the mismatch that attracted me to be a buyer. It was a fundamental 'value based' decision. Mr. Wilks comment that "..for the majority its miles,spec ,condition + history that will dictate the specific value within a certain %.." is spot on, but for two equal cars by his criteria, my 'value' consideration becomes the tie-breaker.
 
All valid points - but above all think it's a supply and demand thing

The E89 was much more acceptable / useable as a daily and a reasonable prospect as a 'soft every day sports car' available as lease option etc

Would be good to see the overall numbers but I suspect there are loads of them - possibly more than E89 seeking buyers - and this is flattening the prices

In this market I would be very wary of small engined low spec cars

Just my views of course but can't help being tempted myself for a 3.0 at not much more than I could sell my coupe for !!
 
Anybody know what sort of depreciation there was on the E85 after the same amount of years?
It could be that the E89s prices are falling almost the same.
 
What you have to take into account is the purchase price of the E89 is a lot more than for the same version of E85. We bought our 3.0si which was 5 years with 30000 miles for 12k the same equivalent now would cost us 20k so the affordability to the normal working man is considerably more. That in my opinion is the reason of the falling prices as they would be out of a lot of people's reach
 
Dont look at how much money they have lost though, look at the percentage lost as obviously cars are more expensive now.
 
Nictrix said:
Dont look at how much money they have lost though, look at the percentage lost as obviously cars are more expensive now.
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Is that true though? The E85 M was about 43k starting (i.e. real paid prices), whilst the 35is is 36k on a like for like spec (source: Coast2Coastcars).

Forget about list prices, with current huge discounts the cars seem to be cheaper than before.
 
pvr said:
Nictrix said:
Dont look at how much money they have lost though, look at the percentage lost as obviously cars are more expensive now.
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Is that true though? The E85 M was about 43k starting (i.e. real paid prices), whilst the 35is is 36k on a like for like spec (source: Coast2Coastcars).

Forget about list prices, with current huge discounts the cars seem to be cheaper than before.
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I was just thinking of normal models and going back to 2003 what would be an average Z4 purchase price and what it would have lost over the same 6 or 7 years.
 
billz said:
What you have to take into account is the purchase price of the E89 is a lot more than for the same version of E85. We bought our 3.0si which was 5 years with 30000 miles for 12k the same equivalent now would cost us 20k so the affordability to the normal working man is considerably more. That in my opinion is the reason of the falling prices as they would be out of a lot of people's reach
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Excellent point! Affordability has a HUGE effect on supply/demand, as do foreign currency exchange rates.....
 
Dated, but relevant discussion of the Z4 pricing and demand issues:

http://www.car-revs-daily.com/2014/02/05/curious-case-bmw-z4-disappearing-sales-70k-pricing-germany-assembly-partly-responsible/
 
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