Valuation
- Thread starter Skye 1872
- Start date
That's not a reflection of the value of your car - its how much WBAC will buy it for and still make their profit when they sell it on (usually though BCA which is part of the same company) and because most of the people who buy at auctions these days are used car dealers you have to factor their margin in as well so its a double hit if you like.
If each person in the chain wants to make £3k (often they need more than that to cover vat and other overheads) then that might be £6k less than retail.
Rockhopper said:
That’s true but personally I doubt that’s the case in this area..judging how long any roadster that’s off the bottom end of the price range is taking to the shift I’d just say the market for roadsters is dead, it is no more, it’s gone , it’s gone South, it has departed :tumbleweed: :rofl:
The market for all cars is in a state of flux cos nobody knows what is going to happen. EVs are stalling badly, PHEVs - despite their complexity - are gaining ascendancy as they are felt to be good for the planet yet don’t require you to eat three burger kings on the way to Edinburgh (from Motherwell!) secondhand prices for everything motoring are tumbling because of this but esp. for EVs as everyone knows that the replacement in the shops next year will be sooo much better. And Roadster are for old men. I am one of those so before you demean me for being stereotypical. Only hardcore classics will stay okay and in time once we know there will be petrol even nice little petrol cars like ours might have an audience. My E89 is not that brilliant really but it does look very very nice. It’s the best zed 4 by far. Cue outrage! So it stays. Weird times
Looking at the pictures of meets on various forums then it’s 50+ to join the roadster club and for cars going on runs 60+
Wonder when it will be compulsory to have a cognitive test when buying a Z4?
Wonder when it will be compulsory to have a cognitive test when buying a Z4?
Rockhopper said:
WBAC usually offer the equivalent of trade in price. Sometimes their offers are poor if it's a car they don't want.
Unless the car is quite expensive there won't be anywhere near £6000 between trade in valuation and retail valuation. Dealers aren't making £3000 margin on reasonably priced cars.
I just picked the blue Z4M on AutoTrader with 82k and the seller wants £12,995.
WBAC offer £3380.
CAP say £4000 as a trade in for excellent condition.
Private sale £5000.
Dealer £5800.
Those valuations are very low. We all know the market is poor at the moment, but those valuations are brutal.
I agree but there is a lot more to it IMO.CliveN said:
The used car market has been artificially high for three years, all down to Covid for one reason or another.
That market has taken a while to re-align, as it would do. The car market wasn't good last year, but the prices remained high due to buying prices which remained high for around 6 months.
It has now come back down to earth with a bang.
There are other factors too IMO....
New cars are available again in quantity as manufacturing has ramped back up. The cheap lease and PCP deals are back aswell with a vengeance, so it's cheap to get a new car which means markets are flooded with used.
Then there is the situation for millions of people of "what is the best thing to buy"?
With the new (and used now) market there is so much choice...
BEV
PHEV
normal hybrid
diesel
petrol
I would imagine many people are holding off buying anything because they can't decide which is the best to buy for the foreseeable future. When you see the depreciation of BEVs, it would put many off. And, apart from a self-charging hybrid or a PHEV, there could be a lot of fingers getting burnt with any of the others. But no-one knows. And new cars are VERY expensive now.
I would imagine even the change in Government could have an effect. It is expected that the loony left will tax the motorist more, as they are an easy target.
Then we have impending war in the middle east, which could cause fossil fuel prices to rocket again (no pun intended).
Then we have tiny niche markets like the Z4, which have been over valued the same as everything else for the past 3 years. Apart from the G29, Z4 are now old cars which are still massively over valued IMO. With BMW (and most others) service rates at £200 per hour plus many people are not going to want to buy an old performance BMW, let alone an 18 year old one for five figures.
All my opinion of course. But I don't think I'm too far away from the truth.
Beerman said:
And when they awaken they’re raging about it for a second time :wink: :rofl:
In response to the view of ages with roadsters it does appear that the z3 and possibly the e85 mob are the mgb crowd of yesteryear that I saw bopping around 20-30 years ago. So those will go first and then the z4s….. I am not sure if they are over valued at the moment given how cheap they are in comparison to new cars. But they are a risk and most youngsters will want cheap wheels which are cheap to maintain and insure. And z4s may not be that thing…. There will remain a coterie of us 50 plussers who will want a nice Roadster but the competition amongst cars is phenomenal with nice SLKs going for £3000 for example. Sadly the z4 has become an old relic of a past time and save for very special ones (don’t ask…) will not reach big money. And rarity is nothing either. I own a Talbot Samba Cabriolet that I have had since 1988 and it is concours, loved and completely unrestored with no rust anywhere. There are only a few basket cases left in the U.K. and, as there are no examples in the Peugeot archive in Sochaux, then I can honestly say it is the best example of a Series 2 (84-86 model) in the world. It’s worth nothing. I might get £3000 at a push.
Nanu said:
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.
