Z4MC Prices

H

hamza

Member
Is it my imagination (and wishful thinking) or are prices for good examples firming and even going up?

I Looked about a month ago and cars of the same spec and condition and as mine were 16500 or so for the cheapest example. Now there is only 1 other car for sale which even a similar spec and age/mileage and its up for 18000.

Didnt realise quite how rare they have gotten too, there are only 11 for sale on Pistonheads in total! The poorer examples seem to be a lot cheaper too with some high milers going for as little 13k?? Makes the car very sensitive to condition spec and mileage.

What do others think?

Are we likely to see prices bottom out or maybe even go up due to the rarity of the car and the fact that BMW seem to have no intention of making a replacement?
 
I think now that there is a bit of good weather around, sellers are becoming more optimistic with their pricing. Over the last year prices have continued to fall (albeit only slowly). Last summer I can't remember seeing many cars below <£15k, but that barrier is being broken quite regularly now. Also many cars used to be priced at >18k, however, very few are now priced at this level and i'd be surprised if any private sales go for this amount.

I do think you are right though Hamza, the price difference between the weekend warriors and daily drivers will become increasingly wide as daily drivers are starting to see 60k+ which appears to be a turn off for buyers.
 
StevenH72 said:
I think now that there is a bit of good weather around, sellers are becoming more optimistic with their pricing. Over the last year prices have continued to fall (albeit only slowly). Last summer I can't remember seeing many cars below <£15k, but that barrier is being broken quite regularly now. Also many cars used to be priced at >18k, however, very few are now priced at this level and i'd be surprised if any private sales go for this amount.

I do think you are right though Hamza, the price difference between the weekend warriors and daily drivers will become increasingly wide as daily drivers are starting to see 60k+ which appears to be a turn off for buyers.
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You have been watching the market for months now Steve, and I think you said in a previous post that your are around a month away from pulling the trigger on a z4m coupé, what's your target year / spec / colour / milage and what do you think is a fair price for it?
 
Cards on table, currently part way through selling my Z4MC!

Prices I think will continue to widen, with higher mileage cars depreciating in the usual way, and low mileage cars holding up very well. My personal opinion is that unmodified cars with good options and low miles (like mine! :) ) will continue to hold their value very well. I deliberated for some time before advertising mine, because I believe that it's value will go up in the next few years. Not dramatically like E30 M3's, but it's the last car that came with a n\a straight six M engine and they are stunning to look at.
 
HughiusMaximus said:
StevenH72 said:
I think now that there is a bit of good weather around, sellers are becoming more optimistic with their pricing. Over the last year prices have continued to fall (albeit only slowly). Last summer I can't remember seeing many cars below <£15k, but that barrier is being broken quite regularly now. Also many cars used to be priced at >18k, however, very few are now priced at this level and i'd be surprised if any private sales go for this amount.

I do think you are right though Hamza, the price difference between the weekend warriors and daily drivers will become increasingly wide as daily drivers are starting to see 60k+ which appears to be a turn off for buyers.
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You have been watching the market for months now Steve, and I think you said in a previous post that your are around a month away from pulling the trigger on a z4m coupé, what's your target year / spec / colour / milage and what do you think is a fair price for it?
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Hi Hugh, spec wise I was looking for <40k miles, any year, one of the blues or imola red, heated seats/ cruise/ nav/ Heidi at a minimum.

Price wise I was looking to spend between £16-17.5k, depending on what came about.

As it happens I've placed a deposit on a car (subject to viewing next Saturday), which ticked all of my requirements! So hopefully in about a week I'll be posting some nice pics!
 
StevenH72 said:
Hi Hugh, spec wise I was looking for <40k miles, any year, one of the blues or imola red, heated seats/ cruise/ nav/ Heidi at a minimum.
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What is this "Heidi" option you speak of??? Guessing you meant hi-fi, although a Heidi option is much funnier
 
The Heidi option is not so common in the UK - more prevalent in the USA - it's a young girl stuffed in the boot that you take home and keep locked in the basement!!!

Re prices - these cars took their hit when they were quite new. In looking to buy one, it tends to be options and low mileage that push values to the upper end and the lack of options and high miles that drive them down.

Low mileage can be dangerous as that indicates either lack of use or use for short journeys. Those cars can be money pits. A car that is regularly getting up to operating temperature will have suffered less.

The lowest mileage car I know only has 16000 miles but I know the car has seen little other than track use. Compare that to a car that has done 60000 miles which is still only about 10000 miles a year for most of these cars and that is still low miles for a modern car. I know which I'd prefer and I wouldn't be paying the premium for the low mileage.

After 2008, the masses believed that cars like these were money pits. A lot of people are coming around to realise that 27mpg in a car that has almost zero depreciation is not bad. Road tax is a once a year hit and what other car that is as special as the MC can you tax for less.

The best buys are the well specified cars in good condition which have not been thrashed, crashed and otherwise abused.

I don't think they are rare enough to be going up in price for a while but if you are in the market for one, then trying to get a good one is getting harder.
 
I guess I should have added the disclaimer that I am debating selling mine too and that was part of the reason for starting the thread.

Thing is though, and I know this is pretty much heresy around these parts, I'm not sure I really enjoy driving it that much anymore. If I kept it it would be because it's awesome to look at and because I can't think an their car that can cruise to the south of France without breaking sweat yet still be a lot of fun in the mountain passes once I get there.

They are getting pretty rare though, only 10 or so for sale on Pistonheads and a fair few of those are pretty high mileage.
 
Interesting topic!

I'm currently looking at getting Z4m Coupe as a weekend thrill machine and can see the divide emerging in the prices.

For me, I really dont care about options.
Sat Nav - I have heard its a bit rubbish and I can always use my phone...
Heated Seats - my ample rear does a great job heating the seat for me...

What has drawn me to the car is the engine and the rewarding chassis.

I would find it hard to justify spending an extra 2k or 3k on a car for options that I dont think really add much to the experience.

As for milage I would like most people think lower milage is better but can understand how a properly maintained car with hgh milage beats a low milage car that has been ragged aroud a track.

So I'm leaning towards a cheaper option and hoping that when it comes time to sell I can pass it on to someone who is thinking as me!

Feel free to pick holes in my logic!
 
I completely agree. I think these cars need to be driven. It's a massive shame that people think they are worn out at 60k. Unfortunately, I think this forum has a lot to do with it, nothing against anyone on here though!

Over on the CSL register, the cars are properly driven and often hammered, but everyone seems to have the same point that they are meant to be! Same engine and alot of similar parts. Don't see why people worry about mileage so much. These are modern sports cars made to be driven hard.
 
Agree (even though mine is a garage queen).

Same engine as the M3 and its proven itself to be incredibly reliable. The rest of drivetrain isn't shared but hasn't shown up any problems either. The engine really is good for well over 100k so I'm not sure what the obsession with low mileage is. Not that I'm complaining too much as mine is a low mileage care so if I do sell it will net a bit more money!

In regards to the sat nav, ok its not the best... but the fact that you get the screen makes it worth it as it give you a much better sound system with DSP (if you have that option) plus you can set the trip computer etc etc.... and well actually the Sat nav is perhaps dated but I find it works really well. Just earlier today I had both the built in sat nav and and my Galaxy Note 2 running google Nav, and in the end I gave up on Google nav because it just couldn't keep up with where I really was! The in built sat nav might not have the best interface but it is accurate and the built in TMC is very handy.

Personally i like heated seats in the winter but its personal preference... other options like cruise make the car more usable on a day to day basis but if its only going to be a weekend toy i can see how you may not care about them.
 
Ahhhh yeh that would be predictive text on my phone...ofcourse I meant the hi-fi option.

Some very interesting points on here. I guess it comes down to how people want to use the cars. Use them as a weekend car, you want one with lower mileage. Daily driver and putting 10k+ on a car annually then a car with 60k+ mileage won't be a turn off.

I guess that's why E46 M3's sell with 100k+, because people use them daily.
 
Yes, keep your cars in the garage or the driveway and they will be worth a couple of grand more when you sell them. WTF?
 
StevenH72 said:
Ahhhh yeh that would be predictive text on my phone...ofcourse I meant the hi-fi option.

Some very interesting points on here. I guess it comes down to how people want to use the cars. Use them as a weekend car, you want one with lower mileage. Daily driver and putting 10k+ on a car annually then a car with 60k+ mileage won't be a turn off.

I guess that's why E46 M3's sell with 100k+, because people use them daily.
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Exactly my point. Why buy a weekend car with low mileage? Makes no sense. Surely it should be the other way round.

Either way, I don't care. Life is literally too short!
 
CornishRob said:
Exactly my point. Why buy a weekend car with low mileage? Makes no sense. Surely it should be the other way round.
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That's exactly right. There is the popular misconception that high miles are bad and low miles are good. Ignore my track car example above. Just consider the car that has always been used as a weekend toy and can sit for months over winter not being used. Those are the cars thar suffer tyre flat spots, sticking brakes, O2 sensor failures, control module failures. Higher mileage cars tend to run at operating temperature with mechanical bits at optimum conditions.

Granted, mechanical parts like clutch etc will be more worn although if the car is used for longer journeys, even that may not be the case.

The fact is, low mileage cars are worth more to buyers. You'd be crazy not to use your car for it to be worth more at px time though.

Going back to the subject though, the MC is a very desirable looking car and there has been nothing like it to replace it. It's a concept car that got productionised and these factors have slowed their depreciation down.
 
dgm said:
Yes, keep your cars in the garage or the driveway and they will be worth a couple of grand more when you sell them. WTF?
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I think this comment is a bit naive. My commute to work is not a particularly interesting one. Stuck behind lorries travelling along singletrack 'A' roads at about 40mph with very few overtaking opportunities and getting held up in traffic through towns/ at roundabouts and traffic lights. Taking the Z would be annoying, not to mention a lot more expensive than my diesel Astra for little fun.

I plan to use my Z for driving that I'll enjoy. I don't see anything wrong with that at all (obviously, otherwise I wouldn't be doing it). It's not a case of keeping it on the driveway to help residuals, it's about driving the car you enjoy driving, when you can enjoy driving it.
 
The thing is,everytime you go out in the Z its an event ..

Even going to work on a boring drizzly morning is great fun..overtaking opportunities that you never realised where there are just a quick press of the big pedal away..

I could not use our Z4M everyday as we have another car, but it does get used..

For what it costs to insure and tax, I want my monies worth ....lol...

Anyway I think the perfect coupe for you has just arisen on the FS section
 
I bought mine about 3 months ago with 64k on it. Whilst I wasn't actively looking for one with over 60k it doesn't bother me. I won't be putting many on it, maybe 5k a year so I am sure for the length of time I intend to keep it it will end up below average anyway. Paid £15000 for it with nav, heated seats, cruise, bluetooth so don't think that was too bad. I was pushing for £14k but he wasn't having any of it. I'm prepared to lose on it in the next 4 years but I believe in years to come the prices will rise.
 
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