Z4 coupes for £5000 and £5500

tomscott said:
DaveP said:
pvr said:
I am on 100% of the purchase value at the moment in doing the things to the car to get it up to scratch, which will be fine as I am planning to keep it for a while but if you look at a 2 year project - it would never be worth it.
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I think that pretty much covers all non-M Z4s at the moment. Prices are on the floor for everything but the really special ones.

Someone on the Facebook group was lamenting the lack of cars for sale with loads having been spent on them. Unless anyone is looking to take a monumental bath on resale, there would be absolutely no point pouring money into a Z4 right now unless you were planning to keep it.
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Not just non Ms wbac offered me £6k for my Z4MR with 77k :rofl:

Spent more than that on it.

There's a lot of cars for sale not a touch on mine for 14-16k. its also a rare car being a 1-3 combo. I don't think the market has reset yet.

WBAC isn't exactly the baseline for these type of cars but was a shock as before Christmas it was more than double that value. I would tread carefully if buying a clapped out car that needs money spending on it unless its a long term car.
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I wouldn't base much on the WBAC valuation. That's not really reflective of the market, and lots of other variables go into their offers.

I don't think we're going to see a 'reset' for a long while yet, if at all. Look at the classic auctions - loads of cars going unsold or cheap. We're heading back to a point where new cars are actually depreciating again, now that supply has caught up. Lots of PCP balloon payment gamblers are likely to get caught out in the next year or two.
 
Which is why its a great time to buy a high miler that isn't clapped out - it could be a bargain. Mileage in no way reflects condition often the correlation between the two is pretty weak. Plenty of low mile mile sheds out there going for bigger money that I wouldn't touch. I saw one that was rotten when looking myself, on the face of it at the low miles it looked sparkling outside but underneath falling apart...it had spent a significant amount of its life by the sea...

Always buy on condition, if its older and higher miler, check all the perishables, look for good history, do all the extra checks with a fine tooth comb. Obviously don't buy something for 5k and spend 5k on it. But similarly dont buy something for 15k and spend 5k on it either, you will be out of pocket for 5k regardless at sale time.
 
Thought you meant me for a minute, but I bought mine for 5.7 and spent 5 on it :lol:
 
I purchased my E86 as a "buy-and-hold" - or rather a "buy-and-drive-and-maintain". The driving is fun, and I enjoy the mechanical challenges.

I could never justify the amount I have spent on purchasing and then refurbishing my 18+ year old Zed as a financial investment. I feel fortunate to have a car that was a summer-only vehicle (no rust), in good condition, with lower miles. But in less than two years in my ownership I've spent over 50% of my purchase cost in refreshing suspension & cooling, trim, wheels, and tires. Sure there's more to come, but did I mention that it's fun to drive ? It's a more satisfying drive than most any current model I could afford.
 
raymond.harper said:
There is a 2006 in Facebook for £5000, automatic with a new steering column. Seems too good to be true, not able to see the registration but may be worth a look.Either that or prices are not good at the moment It is near Norwich. The other one is in Telford for £5500 https://www.facebook.com/groups/296095667264685/permalink/2322724654601766 – 2006 BMW Z4 Facebook.png
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Damn, Montego Blue looks fantastic under interior lights!
What the hell is happening to the red Rover in the backgound, it looks like it's fallen off the lift!
 
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