2008 Z4 M Coupe £24,999 Mistake or bargain of the year?

2008 Z4 M Coupe £24,999 Mistake or bargain of the year?

Author
Discussion

kentmotorcompany

Original Poster:

2,471 posts

212 months

Tuesday 29th July 2008
quotequote all
See Here http://www.bmw.co.uk/bmwuk/auc/car_details/0,,1260...

2008/57 Plate, Fairly basic spec, but good colour. Mileage on Application. You would have thought such a young car would have low miles, but maybe reason its cheap is because is has big miles.

Anyway, if anyone is thinking of one of these at the moment, Id say you wont find better value than this.

dazren

22,612 posts

263 months

Tuesday 29th July 2008
quotequote all
"£24,999 vat qualifying" would indicate to me that you have to add VAT on to the price? ie to a retail customer they are actually asking for £29,374?

MrBet

96 posts

192 months

Tuesday 29th July 2008
quotequote all
I found an ex bmw management Z4M coupe that i thought was cheap, until I found out it hadn't had the all important 1200 mile running in service. This was at a bmw dealership.

The bmw warranty was invalid, but the dealer was putting the warranty on it themselves.

bmw2002

8,596 posts

226 months

Tuesday 29th July 2008
quotequote all
dazren said:
"£24,999 vat qualifying" would indicate to me that you have to add VAT on to the price? ie to a retail customer they are actually asking for £29,374?
No, its actually the other way, take the VAT off if you qualify.....making it a bloody cheap car.

kentmotorcompany

Original Poster:

2,471 posts

212 months

Tuesday 29th July 2008
quotequote all
dazren said:
"£24,999 vat qualifying" would indicate to me that you have to add VAT on to the price? ie to a retail customer they are actually asking for £29,374?
No, VAT Qualifying means VAT will be split out on the invoice.
I.E. £21,272 Plus VAT.

On a young car like this I would expect its an ex Demo which are always VAT qaulifying.

kentmotorcompany

Original Poster:

2,471 posts

212 months

Tuesday 29th July 2008
quotequote all
MrBet said:
I found an ex bmw management Z4M coupe that i thought was cheap, until I found out it hadn't had the all important 1200 mile running in service. This was at a bmw dealership.

The bmw warranty was invalid, but the dealer was putting the warranty on it themselves.
Good point maybe this is the reason its cheap.

bmw2002

8,596 posts

226 months

Tuesday 29th July 2008
quotequote all
kentmotorcompany said:
dazren said:
"£24,999 vat qualifying" would indicate to me that you have to add VAT on to the price? ie to a retail customer they are actually asking for £29,374?
No, VAT Qualifying means VAT will be split out on the invoice.
I.E. £21,272 Plus VAT.

On a young car like this I would expect its an ex Demo which are always VAT qaulifying.
Its an ex dealer demo rather than an ex BMW UK car.

KENZ

1,229 posts

195 months

Tuesday 29th July 2008
quotequote all
I'd say it's not had it's 1200 mile service. Still a stonking price. But the specs a bit low.

kentmotorcompany

Original Poster:

2,471 posts

212 months

Tuesday 29th July 2008
quotequote all
I couldnt help myself. Ive just rung up about it.

The dealership is overstocked and Inchcape PLC(the company that owns Cooper) have just written down all of their stock, so it moves rather stick around for even longer in these hard times.

I know this is true because they done once while I was a used car manager for Maranello(another company they used to own)


It has done 1,700 miles. It has had its running check. It was their own Demo.

One of there other branches has a customer in the showroom now on this car.

Ring right now with your credit card details, or it will be gone!

dh5927

62 posts

192 months

Tuesday 29th July 2008
quotequote all
colour not the best either imo... bit worrying though seeing them priced so low?
i thought they'd hold value a lot better than what im seeing...

Porscheplayer

381 posts

192 months

Tuesday 29th July 2008
quotequote all
It's not that cheap,

I'm off to collect a 07 in ruby black with all the toys for £27250 on friday from BMW Oxford.

owners are over valuing there cars, some are trying to sell 06 model private for £29K+. Never going to happen

m12_nathan

5,138 posts

261 months

Tuesday 29th July 2008
quotequote all
Porscheplayer said:
It's not that cheap,

I'm off to collect a 07 in ruby black with all the toys for £27250 on friday from BMW Oxford.

owners are over valuing there cars, some are trying to sell 06 model private for £29K+. Never going to happen
It is quite cheap given if it newer than the one you are getting and only has 1700 miles on it!

Ruby black is a lovely colour though!

Broccers

3,236 posts

255 months

Tuesday 29th July 2008
quotequote all
Crikey.

carl_w

9,246 posts

260 months

Wednesday 30th July 2008
quotequote all
I'll just have to keep mine. Thought I got a bargain ordering new at £6k off list. Still, unless you're selling the value is immaterial.

Fondue

118 posts

202 months

Wednesday 30th July 2008
quotequote all
Blimey. Makes my non-M seem pricey. Ah well, it's done now!

KENZ

1,229 posts

195 months

Wednesday 30th July 2008
quotequote all
Before I bought mine. I would only consider cars with sat nav, logic 7, cruise, bluetooth. My colour preference was SG or white. Defo not carbon black. Had that on my M3 and it was a bh to keep clean.

Smiffack993

177 posts

215 months

Wednesday 30th July 2008
quotequote all
I have been noting prices recntly as I will be getting a car in the next 2 months or so. I have noticed the dearlers still have the same cars they had 4 weeks ago. I have noticed the first few dealers taking hits on these now making them better than ever. The climate for buying a motor of this value has diminished recently meaning that price must reflect what the market dictates.

However I have also noticed there is no longer much of a gap between Approved Used and private sellers which is interesting. Is this cause the dealers cannot shift the cars? Or like someone else said earlier that private buyers are over valuing their cars? I mean 12 - 18 month old car with 10k miles on it for £27k? I might buy 2 (I jest!) However, surely the prices will stabilise in the next year or so? They cannot tollerate this level of depreciation can they?

laingy

676 posts

243 months

Wednesday 30th July 2008
quotequote all
Prices never stabilise on cars they will always fall, they are just falling mroe at the moment because motoring is more expensive than it used to be.

Donut

4,521 posts

253 months

Thursday 31st July 2008
quotequote all
It is a one off so not a reflection of the market price.

I have just paid more than that for an older higher mileage one in part ex for a 135i.

Never understand why dealers panic sell.....

Deutscher

1,430 posts

221 months

Thursday 31st July 2008
quotequote all
Donut said:
Never understand why dealers panic sell.....
Because Z4Ms fell through the floor when times were good, so there's little hope for them now!