Z4MC values (again!)
- Thread starter exdos
- Start date
Hard(ish), but not my best.markos said:
That's correct. In actual fact it's the sellers who set the prices in both buyers' and sellers' markets, because they have the goods and only agree the sale when the price offered by the buyer is high enough to tempt the seller to part with the goods.markos said:
There is a spread, but not up to the mid £20's you mention.... There was an overpriced one at £20k with average milage, another at 20k with low millage and another SC one at £22k. The rest were £14k or less.original guvnor said:
This has been a very interesting read and it's funny how the owners agree with one another and buyers don't.
From what I can see on AT and PH I have to agree that the prices are overpriced as there doesn't look to be any decent examples out there currently...
Personally if I was on the market I would be looking at an MC with at least Nav and BT at £16k or less with max 40k miles.
exdos said:Hard(ish), but not my best.markos said:
That's correct. In actual fact it's the sellers who set the prices in both buyers' and sellers' markets, because they have the goods and only agree the sale when the price offered by the buyer is high enough to tempt the seller to part with the goods.markos said:
True exdos, at all times the seller has the final say in a sale, and the number of potential buyers for each car affects the price it's set at and sells for, as you know.
As I said before, the market is the market, Z4MC prices are what they are. I'd need an automotive expert combined with an economics guru to tell me why a Z4MCs are over priced compared to any other car in its segment. Over priced compared to what? Competitors? What they were going for last year, or when new? If the market says Z4MCs are worth what they're going for then I don't see any point in complaining about it or trying to attempt to say the market is wrong, it's fruitless.
And none of the points you make convince me in the slightest. Obviously if you don't like the prices then don't buy one – simple as that – but I'd lay hard cash you will buy one, and soon too. Stating the obvious, you will get a return on it when you sell it so if you feel MCs are a bit more pricey than they should be does that really matter bearing in mind that you will then benefit from that same reason (to your mind) when you sell it? And let's be honest, you're not really going to keep it forever; who would keep a car when they're too old to drive?
As far as I'm concerned I love my Z4MC, I think it's great value. The looks, the performance, the toys, the rarity, the looks it gets, the mpg you can get on a long run... the whole experience... it's fantastic value for money in my opinion.
And just to be 100% clear, there is no ulterior motive here: my MC is not for sale, and all things being equal will not be for sale for a good few years hopefully. My car dealing friend asked me at the w/e what I am getting next... I had no answer as I'm keeping the MC, I have no plans to upgrade or change it, it does everything I want of it. And I'm not fussed what money I lose on it either. Like any sensible person, the less lost the better, but if the ar5e falls out of the market again them so be it, I will still hold onto it as for the money there's nothing else that interests me.
As an aside, I bought my Z4MC off a chap who owned a Z3MC for quite some time. For the record he said and still says the Z4MC is the better car in every way, and who am I to disagree? :evil:
Peddy,
My continuing point on this thread is that for low mileage, very well looked after, full BMWSH with extended warranty cars values will not fall much further if at all. Those higher mileage or less well looked after will continue to drop in value creating the spread I was referring to.
Each time a buyer comes on here they all seem to want a pristine low mileage car for rock-bottom, tatty MC money. I don't blame them but it ain't gonna happen. If you want a good 'un you'll have to pay for it. All the time you waste arguing over the value is time you could be enjoying your new toy.
The cars advertised on PH are the most recent market intelligence available.
My continuing point on this thread is that for low mileage, very well looked after, full BMWSH with extended warranty cars values will not fall much further if at all. Those higher mileage or less well looked after will continue to drop in value creating the spread I was referring to.
Each time a buyer comes on here they all seem to want a pristine low mileage car for rock-bottom, tatty MC money. I don't blame them but it ain't gonna happen. If you want a good 'un you'll have to pay for it. All the time you waste arguing over the value is time you could be enjoying your new toy.
The cars advertised on PH are the most recent market intelligence available.
Pointless thread? How is this a pointless thread? This is what a forum is for... to discuss such matters?
original guvnor, maybe I missed it but didn't the OP state that he would pay good money for a good example? Isn't his argument what you are saying, but on the other end of the spectrum... buyers wanting to sell poor example MC's at pristine low mileage prices? :?
I also agree with you as if I were looking for a very good example in top notch condition with low miles (25k or less) I'd be budgeting for around the £18-20k mark.
original guvnor, maybe I missed it but didn't the OP state that he would pay good money for a good example? Isn't his argument what you are saying, but on the other end of the spectrum... buyers wanting to sell poor example MC's at pristine low mileage prices? :?
I also agree with you as if I were looking for a very good example in top notch condition with low miles (25k or less) I'd be budgeting for around the £18-20k mark.
martinb1966
Member
i agree with daz if you want one , can afford one , then buy one the old addage is true i think you get what you pay for my tuppence anyway , i love mine and its blue so i have no worries
So you want my explanation of the state of the Z3 MC market? So here it is.original guvnor said:
There are 2 variants of the Z3MC, the earlier S50 MC from 1998 to 2001 and the S54 MC ( same engine as the Z4 MC) from 2001 to 2002. The market for Z3 MCs became seriously influenced by Hexagon (dealership in Highgate) in 2004 when they started buying low mileage S54 models in early 2004 and selling them for high prices and they've continued to do this ever since. This has seriously distorted the normal depreciation of the entire Z3 MC stock. This has created a 2 tier market, where the S54 MC is THE favoured version. There were only 168 RHD S54s sold and only the low mileage S54s carry the premium. There are possibly only 20 or so such S54 MCs, the rest being average mileage cars. This explains the wide spread in the prices. The Z3 MC is actually known as the "M Coupe" and I'm only using the Z3 prefix on this forum to avoid confusion, whereas your car is known as the Z4 M Coupe, therefore the M Coupe is seen as "The Daddy".
IMO, the interest in the Z3 MC shown by Hexagon seems to have made the Z3MC a "classic" car from almost the moment it ceased production and it does seem to have had a serious cult following from the start. If BMW had to sell a lot of the Z4 MC stock at seriously reduced prices to get rid of them, as dgm reports, then it's clear that the Z4MC hasn't had the same effect on the motoring public and hasn't got the same type of following, as yet.
Looking at the Pistonheads adverts, there are several Z3MCs for sale with around 30k or less miles and it is only these low mileage cars that fetch the highest prices. That's averaging around 3k miles or less, whereas most of the Z4 MCs presently for sale have typical used-car average mileages. I would suggest that far more M Coupes have been bought and kept as weekend toys than Z4MCs which seem to have been used as "everyday" cars like any other car.
Does this explanation help you to see the absolute difference between the markets of M Coupes and Z4 MCs?
peddy,peddy said:
At least you understand precisely the point that I've been making.
All,
Yes, I can afford to buy any of the cars presently advertised for sale, but why should I pay through the nose for any of them? Many of the present sellers don't seem to accept it's a buyer's market at the moment. My comments shouldn't offend anyone unless I offer you an insultingly low price to buy your car: I have not done that.
exdos, I'd love to know what you feel would be the right price for a pristine, well cared for, low milage Z4 MC with all the toys be?
Z3 MC came about at a time when the economy was in good health where BMWs were a more exotic car then it is now.
IMO in the future (4-5 years) I don't think the Z4 MC will be on par with the Z3 in terms of price but I reackon it will sit just shy of it for like for like examples/condition.
Z3 MC came about at a time when the economy was in good health where BMWs were a more exotic car then it is now.
IMO in the future (4-5 years) I don't think the Z4 MC will be on par with the Z3 in terms of price but I reackon it will sit just shy of it for like for like examples/condition.
Look at PH - the prices on there ARE the market (even if the advertised price is a bit higher than the eventual selling price - same true for 99.9% of all cars). Stop arsing around on here trying to trash talk the cars and their value and just bloody buy one so we don't have to read any more garbage. Why do you think the car on Autotrader was £2k cheaper than it was advertised on the "sold on Pistonheads" advert? Doesn't that sound any alarm bells to you? Oh it did which was why you wanted us to tell you it's history.
Pay the £12,13k,£14k you seem to think is the market and don't come on here and moan about your mis-fortune when that penny-pinching costs you dear.
I don't need a history lesson in Z3MC values. Interesting that the "daddy"'only maintains its value if it has a lesser powered version of the S54 that is in all Z4MC's
Pay the £12,13k,£14k you seem to think is the market and don't come on here and moan about your mis-fortune when that penny-pinching costs you dear.
I don't need a history lesson in Z3MC values. Interesting that the "daddy"'only maintains its value if it has a lesser powered version of the S54 that is in all Z4MC's
My (negotiable) tuppence worth...
Buying or selling; the person with the most options will always win. Simple.
Sent from my iPad
Buying or selling; the person with the most options will always win. Simple.
Sent from my iPad