What's it really worth?

S

SpaceCoyote

Member
The time has come to move on from the Z, but it's not that clear cut a decision.

At the moment I'm trying to figure out exactly how much mine's worth to help the decision along, so any input would be gratefully received.

First off, photos: http://www.z4-forum.com/forum/viewtopic.php?f=7&t=18065

Next, spec:

Registered Oct 2007 ('57)
3.0si Sport Manual Roadster in Silver Grey
Currently 22,500 miles
FSH (BMW)
MOT -- Oct '11
Full extended BMW warranty with no excess until Oct '11
Recent Falken tyres all round, with original runflats available
Full BMW alignment done immediately after tyres
108 Alloys - rears replaced in October because of corrosion, front: some kerbing on off side which is due to be refurbed at the end of January
Imola Red/Grey Leather Sport Seats
Aluminium Dash
Heated/Electric Seats
Cruise Control
Xenon Headlights with washers
Rain sensing/adjustable wipers
Rear parking sensors
Wind deflector
Auto dimming rear view mirror
Climate control
HPI Clear

Inspection 1 in about 9,500 miles

Other stuff:

I am the 4th owner.
Was a BMW car when first registered and has had 2 owners prior to me.
Front bumper was replaced after a nasty incident with a badger by BMW bodyshop at my own expense.

Parkers seems to quote £13,450 for part exchange, but that doesn't reflect the lower mileage or the options.

Thanks in advance.
 
Glasses states...

http://www.networkq.co.uk/buying/value-your-car/

Part-exchange Price:
Excellent condition:  £14550
Average condition:  £13750
Below average condition:  £12500

If you are trading to a BMW dealer, they will offer you as little as they can...they will probably try it on at £12k
 
Hmmm, having just paid for the precise valuation from Parkers, the adjusted prices:

Original Price £35,945
Franchised Dealer £17,710
Independent Dealer £16,515
Private Good £15,615
Private Poor £13,160
Part Exchange £14,420
Mileage 23,000
Options fitted

* Cruise control
* Rear park distance control
* Comfort pack - Z4 3.0si
* Heated seats
* 18" Composite star spoke style 108 alloy wheels
 
I'm afraid so. If you are trading in prepare for a shock, as BMW dealers are rough with their offers in good times, let alone right now. There is a Feb 08 3.0Si Sport with 14k on the clock at Snows for £16k with a similar spec, and a lot of the Z4MR guys are getting offers well under £15k at the moment.

http://bmw.co.uk/bmwuk/bmwauc/details/0,,1156___ask-7,00.html?ch=_V0JBQlU1MjA5MExMOTA2MzM=

IMO if there is a way you can avoid it, don't trade to a BMW dealer....
 
SpaceCoyote said:
I guess the whole thing is not so much how much it's worth, but what someone is willing to pay for it.
Click to expand...
Precisely, 100% correct. All this price guides are just that: guides only. No offence but Parkers prices are usually very optimistic - Glass's or CAP are the guides used in the trade but are obviously hard to get values from. mikedav quotes from the NetworkQ link which allows free valuations based on recent Glass's Guide values, more reliable source than Parkers for part-ex values IMO.
 
a11y said:
...Glass's Guide values, more reliable source than Parkers for part-ex values IMO.
Click to expand...

I've heard this from a number of people, but if you do a direct comparison between Parkers and Glass, Parkers is usually under what Glass is quoting. If you take a look at the example above, a paid for Parker's quote, with mileage and options comes out below a generic Glass quote, which won't take into account the below average mileage or options.

At the end of the day, it seems this is all moot anyway and without going to a garage and asking, leaves me the same position as I was before I asked the question.

Frankly, I bought my Z on a whim and wish I hadn't :cry: Not because it isn't a lovely car, or because I haven't enjoyed owning and driving it, and not even because of the bad luck I've had with it.
 
Prices seem to have dropped quite abit recently, i'd wait till early summer and the prices hopefully would of gone up again. I got £12k for my March 2007 2.0i SE back in July 2010.
 
SpaceCoyote said:
I guess the whole thing is not so much how much it's worth, but what someone is willing to pay for it.
Click to expand...


You got that spot on if someone likes your car enough they will pay over the book price as i found out when i sold my dear old Calibra to make way for my Z.

The book said £700 sold her for £1300 to the first person to view the car she was sold in a matter of hours due to very good condition and low mileage for the year.

Hope you get a good price for the Z or a good deal on the new toy if you part ex :thumbsup:
 
SpaceCoyote said:
I guess the whole thing is not so much how much it's worth, but what someone is willing to pay for it.
Click to expand...

Exactly! There are many sellers out there who do not seem to get this. They only look at what THEY think their car is worth, and will stubbornly stick out for as long as it takes for it to sell at the price they want for it. They can pitch it at whatever price they want, but in the end its what potential buyers ARE PREPARED TO PAY that counts, and what the state of the market is.

I would firstly use the price guides to get a rough idea, then browse the classifieds to see if there are any similar examples to yours and note what they are priced up at. You could also try calling a dealer and ask what they would give you for it, then go from there. And whatever amount you get above that figure i would consider it to be a gain, even if below its quoted book value.

I personally am interested to see what you get for yours as its only slightly older than mine, and has fairly similar spec.

Good luck. :thumbsup:
 
Zed_Steve said:
SpaceCoyote said:
I guess the whole thing is not so much how much it's worth, but what someone is willing to pay for it.
Click to expand...

Exactly! There are many sellers out there who do not seem to get this. They only look at what THEY think their car is worth, and will stubbornly stick out for as long as it takes for it to sell at the price they want for it. They can pitch it at whatever price they want, but in the end its what potential buyers ARE PREPARED TO PAY that counts, and what the state of the market is.

I would firstly use the price guides to get a rough idea, then browse the classifieds to see if there are any similar examples to yours and note what they are priced up at. You could also try calling a dealer and ask what they would give you for it, then go from there. And whatever amount you get above that figure i would consider it to be a gain, even if below its quoted book value.

I personally am interested to see what you get for yours as its only slightly older than mine, and has fairly similar spec.

Good luck. :thumbsup:
Click to expand...

Sound advice, I would add that prices and availability are regional, check out what prices are like within an average buyers travelling range for your car (someone will travel further for a rare car/spec) say 30, 50, 100 miles & national. You are then seeing what cars buyers could view and price accordingly.
 
At the end of the day its what your Zed is worth to you and can you get that for it, if not then stay with it. :thumbsup:
 
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