Valuation

[Pondrew]

So ignore the WBAC and others like them.

WBAC prices are a good indication of where the market is TBH.
When used cars are selling WBAC prices are high. When they are not WBAC are low. It's quite simple. WBAC sell into the trade (or keep the cream to sell through Cinch and the like). If the trade aren't shifting cars, the prices they pay go down.

We are just in a re-adjustment period, back to the good old days where cars lose money hand-over-fist and keep losing money until they are worth nothing, eventually.

I find it strange that people's memories are so short. Four years ago it was the same as now and all the years before that. And if we are talking about these precious M Z4s, they are older and with more mileage than they were aswell.

Look at other M models.....
M4s have tanked. A reasonable early comp M4 (vert or coupe) was £35k last year. Now around £25k (and they are struggling to sell).
F series M6s can't be given away.

 

[Beerman]

Strange, if the market for roadsters is dead then why are the prices for new still so high?

Still think a good condition well specced car will sell at a decent price. Quality never goes out of fashion

This.

As I said on another thread I sold my Z4M Coupe in the summer for closer to 25 than 20k. It wasn’t concours but it was in pretty good Nick, low mileage (47k) with a complete and documented FBMWSH and was stock apart from Eventuri. So ignore the WBAC and others like them. You’re generally selling to an audience that’s already decided they want a Z4M. Just make sure yours is a good one, advertise it properly and be honest about any defects/imperfections.

WBAC isn't for private sale valuations, but it is a guide for demand. If your car isn't desirable their offers will be poor.

CAP is an accurate guide and they aren't far off WBAC when it comes to trade in prices.

Pay big money for a Z4 and you are stuck with it unless you take a big financial hit, or can wait a long time to find a private buyer that hasn't done their homework.

 

[original guvnor]

Sorry but WBAC is useless for Z4M’s. There’s probably less than 1,000 in total left and half of those will be pretty leggy and unloved. So of course there’s not much demand on a mass market site like WBAC.

I can’t remember what they valued mine at exactly but it was about £7k less than I sold it for. Totally pointless. I don’t why people take their valuations seriously for the M’s.

 

[Beerman]

Sorry but WBAC is useless for Z4M’s. There’s probably less than 1,000 in total left and half of those will be pretty leggy and unloved. So of course there’s not much demand on a mass market site like WBAC.

I can’t remember what they valued mine at exactly but it was about £7k less than I sold it for. Totally pointless. I don’t why people take their valuations seriously for the M’s.

CAP valuations aren't far off WBAC.

Insurance valuations aren't far off WBAC.

There is no valuation guide that supports the high prices some people ask and pay. Pay a high price and you're stuck waiting on a private buyer who hasn't done their homework.

 

[Scooba_Steve]

CAP valuations aren't far off WBAC.

Insurance valuations aren't far off WBAC.

Out of interest I just put my 3.0si in. £ 355 :lol:

That's not even salvage.

 

[Pondrew]

Sorry but WBAC is useless for Z4M’s. There’s probably less than 1,000 in total left and half of those will be pretty leggy and unloved. So of course there’s not much demand on a mass market site like WBAC.

A Z4M is the same as any other car when it comes to market forces. It isn't a 'unicorn'. It's just an old BMW with a high running cost. WBAC and the like couldn't give a shite about the fanbase. They are only interested in whether they can sell it at auction to the trade. And their prices currently are saying they will struggle.

It's the same with all cars at present, just different degrees. Motorway probably won't value an E85 or E86, as they are too old. They know that their dealers aren't interested. If the trade aren't interested, then the market gets miniscule, cos 95% of all used cars in the UK are sold through the trade. Not good, IMO, but true.

 

[Mr Tidy]

Beerman wrote: ↑Sat Oct 26, 2024 10:58 pm
CAP valuations aren't far off WBAC.

Insurance valuations aren't far off WBAC.
Out of interest I just put my 3.0si in. £ 355

That's not even salvage.

That's just insulting.

My 2005 330i is generally around £800, although they may not be taking into account that it is a Cat N!

 

[BMWZ4MC]

CAP valuations aren't far off WBAC.

Insurance valuations aren't far off WBAC.

Out of interest I just put my 3.0si in. £ 355 :lol:

That's not even salvage.

I’m feeling generous - I’ll give you £500 for it, but know that you’re robbing me!

 

[BMWZ4MC]

Motorway value my RS4 at £9,500. I find that very surprising since they offered about £12,000 around a year ago (when it was probably worth about £15-16k privately). I was expecting a valuation of c £5k given the current market and the ridiculous VED.

 

[original guvnor]

Well if you base your buying and selling on WBAC then you do you. I’m glad I didn’t.

Oh and on the insurance - get an agreed valuation for goodness sake. Cost me £25 wiih Classicline.

 

[CliveN]

Isn’t it fair to say that WBAC is a fair indication of the market for “normal, up to ten year old”cars? After that it gets far looser. After all, nobody comes after a ZM unless they specifically want one. It gets lost in the noise of other old cars and most people don’t know what it or haven’t even seen one. So the market is for enthusiasts. Trade sellers specialising in this sort of thing might take the risk but most edge of town dealers won’t touch them for fear of losing their pants - so if they do, they will price it accordingly. Within this enthusiast environment there are those who are after a well used, well maintained high mileage car who will do their own maintenance and use it regularly. These cars will be sufficiently cheap as they won’t tick the boxes for those who just like to own them….these people will look at much lower mileage ostensibly “better” (don’t go there) cars which they can treasure and use sparingly - usually as part of a collection. They are prepared to pay a big premium to buy one. This still remains true as sales have been made at above £20k mark. This will continue as long as the market exists. In other words, that there are sufficient enthusiast “collectors” out there to buy them. I can’t even predict what will happen. Is it a poster car? No not really. Is it an old expensive BMW? Yes! Who does it appeal to? Probably people my age! Will we die soon? Probably. My view is either get rid of your cars now (they won’t go up) or give it to your children so they can sell it when eventually they are recognised (M3 etc). So 2045…..

 

[CliveN]

Looking more positively think what a bargain we are all getting - from £3000 E85s upwards with enough fun and usability for every day. A new electric Renault 5 is £30k and a new mini countryman jcw is £48k. Think how much they will be worth in fours years time let alone 15 years? But people don’t care …. They never own them