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

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

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Discussion

Donut

4,521 posts

252 months

Thursday 31st July 2008
quotequote all
Deutscher said:
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!
Not now they have reached there selling price, we have sold every one within a few weeks.

There is no need to drop the price to that stoopid level, for that age and mileage.

Nano2nd

3,426 posts

257 months

Thursday 31st July 2008
quotequote all
its a good price if your prepared to go without the kit, alot of buyers are not... having just recently purchased a Z4M (for the second time in 6 months LOL) i automatically wrote of any cars without options i wanted... as someone mentioned above, i'm not the only onewink

kentmotorcompany

Original Poster:

2,471 posts

211 months

Thursday 31st July 2008
quotequote all
Deutscher said:
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!
I knew you would be along to bang the drum of your favourite subject, depreciation!

This is a one off very cheap car, that is proberbly already sold to some lucky devil who got real bargain.

Facts:

I paid £31,000 from an asking price of £31,850 for an AUC 2007/56 plate with Sat-Nav, all the toys, and 1,800 miles almost a year ago.

Today the cheapest AUC 2008/57 car with similar spec(I.E. same car today) is £31,990 with 9k miles.

There simply isnt the supply of these cars there was a year ago. Yes there are a few sub £30k cars now, and you couldnt get them for that money a year ago. but they are generally older higher mileage cars, that are priced correctly.

Deutscher

1,430 posts

220 months

Thursday 31st July 2008
quotequote all
kentmotorcompany said:
I paid £31,000 from an asking price of £31,850 for an AUC 2007/56 plate with Sat-Nav, all the toys, and 1,800 miles almost a year ago.

Today the cheapest AUC 2008/57 car with similar spec(I.E. same car today) is £31,990 with 9k miles.

There simply isnt the supply of these cars there was a year ago. Yes there are a few sub £30k cars now, and you couldnt get them for that money a year ago. but they are generally older higher mileage cars, that are priced correctly.
There are 16 sub-£30k cars on the AUC site, mostly low mileage.

KENZ

1,229 posts

194 months

Thursday 31st July 2008
quotequote all
The prices will stabilise or perhaps firm up once stock levels are low. My understanding was that they would no longer be available new from October.

kentmotorcompany

Original Poster:

2,471 posts

211 months

Thursday 31st July 2008
quotequote all
Deutscher said:
kentmotorcompany said:
I paid £31,000 from an asking price of £31,850 for an AUC 2007/56 plate with Sat-Nav, all the toys, and 1,800 miles almost a year ago.

Today the cheapest AUC 2008/57 car with similar spec(I.E. same car today) is £31,990 with 9k miles.

There simply isnt the supply of these cars there was a year ago. Yes there are a few sub £30k cars now, and you couldnt get them for that money a year ago. but they are generally older higher mileage cars, that are priced correctly.
There are 16 sub-£30k cars on the AUC site, mostly low mileage.
Ok, Sorry you must be right. They are all going to be worth £3.75 tomorrow. I only do this for a living.

Deutscher

1,430 posts

220 months

Thursday 31st July 2008
quotequote all
These are fabulous cars, possibly future classics, and one day people will realise this. I think they were marketed badly, and over-produced, that's all.

Low mileage, high spec cars are undoubtedly a good buy over the long term.

Edited by Deutscher on Friday 1st August 08:47

Porscheplayer

381 posts

191 months

Friday 1st August 2008
quotequote all
I repeat I'm collecting a top spec 07 car today for £27250, so a low spec car for 25K isn't a one off.

I've been offered a least 8 cars with sat nav for around 28K,mostly 07 plate and some newer with less than 10K on the clock, supply isn't low, more cars are coming to dealers all the time. These are main dealers too.




kentmotorcompany

Original Poster:

2,471 posts

211 months

Friday 1st August 2008
quotequote all
Porscheplayer said:
I repeat I'm collecting a top spec 07 car today for £27250, so a low spec car for 25K isn't a one off.

I've been offered a least 8 cars with sat nav for around 28K,mostly 07 plate and some newer with less than 10K on the clock, supply isn't low, more cars are coming to dealers all the time. These are main dealers too.
Sorry, did you not get the reaction you were hoping for the first time you posted it?

What you are buying sounds like the same car I paid £31k for a year ago. What you are paying today, is a very good deal, but only what I would expect bearing in mind you are buying your car almost a year later.

The £25k car is 2008 with 1,700 miles. I think it is a one off. If you can find the same car for the same money or less, let me know.

Not everybody wants Sat Nav. Granted lots of people do, thats why Sat Nav cars command more money. But some people will be happy to take the cheaper car with no Nav. The guy who has bought the £25k car, would think the idea of paying £2.5k more for a year older car with a few extra bits would be silly.


How do you know what supply main dealers had of these cars one year ago, compared to today?

Edited by kentmotorcompany on Friday 1st August 08:49

Mclovin

1,679 posts

199 months

Friday 1st August 2008
quotequote all
I love you guys trying to prop up the values smile this aint no classic like an e30 m3 its going to drop a bit further lol. Just keep them and use them, forget about the massive depreciation. You can walk into any bmw dealer that has a z4mc and get them down to £25k. My bmw dealer friend offered me a perfect 20,000 mile e90 m5 for £37k and that didn't tickle me, that's the way things are going.

Smiffack993

177 posts

214 months

Friday 1st August 2008
quotequote all
Just winding back to that point on Sat Nav. Why did BMW put the 'old' version of sat nav in these cars? Are they all based on the old version or do laters cars get the new operating screen?


kentmotorcompany

Original Poster:

2,471 posts

211 months

Friday 1st August 2008
quotequote all
Smiffack993 said:
Just winding back to that point on Sat Nav. Why did BMW put the 'old' version of sat nav in these cars? Are they all based on the old version or do laters cars get the new operating screen?
Good point. Not sure is the answer.

The X3, and 1 Series also have the same old Nav System. They also share a lot of other systems.

Donut

4,521 posts

252 months

Friday 1st August 2008
quotequote all
Mclovin said:
I love you guys trying to prop up the values smile this aint no classic like an e30 m3 its going to drop a bit further lol. Just keep them and use them, forget about the massive depreciation. You can walk into any bmw dealer that has a z4mc and get them down to £25k. My bmw dealer friend offered me a perfect 20,000 mile e90 m5 for £37k and that didn't tickle me, that's the way things are going.
I have an E90 M5 you can have for free, you'll just need to build it first hehe

Nano2nd

3,426 posts

257 months

Friday 1st August 2008
quotequote all
Mclovin said:
Just keep them and use them, forget about the massive depreciation. You can walk into any bmw dealer that has a z4mc and get them down to £25k.
really which ones? certainly not Leicester, nottingham, coventry, solihull, huntingdon... theres were the ones i triedwink

Nano2nd

3,426 posts

257 months

Friday 1st August 2008
quotequote all
Nano2nd said:
Mclovin said:
Just keep them and use them, forget about the massive depreciation. You can walk into any bmw dealer that has a z4mc and get them down to £25k.
really which ones? certainly not Leicester, nottingham, coventry, solihull, huntingdon... theres were the ones i triedwink
ah prehaps you can give this guy the details of you BMW friend, seems hes in the market:


http://www.pistonheads.com/xforums/topic.asp?h=0&a...

Porscheplayer

381 posts

191 months

Saturday 2nd August 2008
quotequote all
Nano2nd said:
Mclovin said:
Just keep them and use them, forget about the massive depreciation. You can walk into any bmw dealer that has a z4mc and get them down to £25k.
really which ones? certainly not Leicester, nottingham, coventry, solihull, huntingdon... theres were the ones i triedwink
+1


KENZ

1,229 posts

194 months

Saturday 2nd August 2008
quotequote all
25k is defo a one off. That car had a full 2.5 yrs warranty left. also you would have no expensive outlays in that time either. Insp 1 would be 3-4 yrs away.

Bargain considering it's not far off the price of a top spec 120..lol

Edited by KENZ on Saturday 2nd August 23:10

SJobson

12,974 posts

265 months

Sunday 3rd August 2008
quotequote all
Still on the BMW AUC search. Why has nobody bought it yet?

taffyracer

2,093 posts

244 months

Sunday 3rd August 2008
quotequote all
Smiffack993 said:
Just winding back to that point on Sat Nav. Why did BMW put the 'old' version of sat nav in these cars? Are they all based on the old version or do laters cars get the new operating screen?
I actually thought it was a better system than the one I have in my E92 M3, certainly the software is much faster, that was the thing I really likes about my Z4M, it was relatively simple.

pgilc1

35,899 posts

198 months

Sunday 3rd August 2008
quotequote all
Porscheplayer said:
I repeat I'm collecting a top spec 07 car today for £27250, so a low spec car for 25K isn't a one off.

I've been offered a least 8 cars with sat nav for around 28K,mostly 07 plate and some newer with less than 10K on the clock, supply isn't low, more cars are coming to dealers all the time. These are main dealers too.
So? Your car is an 07, this is a full year younger for significantly less. If it were an 07 we were talking about i'd see your point, but this is a 2008 car.

Edited by pgilc1 on Sunday 3rd August 13:03