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M market watch

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JAD

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Post by JAD » Fri Aug 04, 2017 11:32 am

Gazc wrote: Fri Aug 04, 2017 10:57 am 7000 miles it's almost a new car but the tyres would worry me, original 11 year old conti M3's. You would probably get more grip from a set of new ditch finders.
Low miles is all well and good, but to be honest, I'd far rather an average to low mileage car and factor in a suspension refresh... 7k in 11 years means 500 miles down to 0 per year - has it been warmed up, what might stick when you go out of a blast etc etc

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Post by flimper » Fri Aug 04, 2017 12:44 pm

Hexagon will be on the phone shortly...
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Post by Muckinonthesofa » Fri Aug 04, 2017 12:52 pm

flimper wrote: Fri Aug 04, 2017 12:44 pm Hexagon will be on the phone shortly...
Yep, it'll be £49999 soon!
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Post by philip27 » Fri Aug 04, 2017 3:23 pm

Pretty much my ideal Z4M in that spec and colour combination. Just a bit on the pricey side for my wallet though :(

Unless you are going to buy it and do almost no miles in it I agree with others that a car with more miles and a good history would make more sense.

Lovely looking car though.
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Post by Dablk » Fri Aug 04, 2017 7:17 pm

Wonder what service schedule it's worked off. Super clean Castrol dropped out every two years?
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Post by Beedub » Fri Aug 04, 2017 8:29 pm

lovely car, and imo worth 30k all day long....
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Post by mr wilks » Sat Aug 05, 2017 7:43 am

JAD wrote: Fri Aug 04, 2017 10:33 am https://www.pistonheads.com/classifieds ... sh/6977806

:rofl: :rofl: :rofl: :rofl:

Thirty One thousand pounds...
Whether its worth it or not is debatable to say the least :oops: but all i see there is a no win catch 22 situation for anyone fortunate enough to have £31k to even consider it :?
1) Buy it & mothball it for investment ? Highly unlikely to rise much over the purchase figure so hardly a great financial move
2) Buy it & drive it minimally ? Insurance , MOT , VED , service costs would all add £500/£1000 per yr pushing up the eventual sale price required to make a profit
3) Buy it & actually enjoy it :driving: throw 3k ,4k,5k on the car over 3/5 years & you soon have a 15,000 - 20,000mile £20k car :wink:
The last 12months i know of a 42k MR sold at £14250k , a 27k at £13500 ( utter bargain & buyer knows it :D ) & many others around the 35k / 40k sell circa £16k/£17k
Yes the above car may have 7000miles but i really can't think of one reason why it would be a better buy at £30k than one with more miles for half the money ?
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Post by Rob s » Sat Aug 05, 2017 5:43 pm

Dont know if this has been put already but red M coupe for sale in Essex. Not too many red ones come up.

https://www.quirkscarco.co.uk/used-cars ... 0000,30000
Z4MR

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Post by Angelus666 » Sun Aug 06, 2017 5:12 pm

mr wilks wrote: Sat Aug 05, 2017 7:43 am
JAD wrote: Fri Aug 04, 2017 10:33 am https://www.pistonheads.com/classifieds ... sh/6977806

:rofl: :rofl: :rofl: :rofl:

Thirty One thousand pounds...
Whether its worth it or not is debatable to say the least :oops: but all i see there is a no win catch 22 situation for anyone fortunate enough to have £31k to even consider it :?
1) Buy it & mothball it for investment ? Highly unlikely to rise much over the purchase figure so hardly a great financial move
2) Buy it & drive it minimally ? Insurance , MOT , VED , service costs would all add £500/£1000 per yr pushing up the eventual sale price required to make a profit
3) Buy it & actually enjoy it :driving: throw 3k ,4k,5k on the car over 3/5 years & you soon have a 15,000 - 20,000mile £20k car :wink:
The last 12months i know of a 42k MR sold at £14250k , a 27k at £13500 ( utter bargain & buyer knows it :D ) & many others around the 35k / 40k sell circa £16k/£17k
Yes the above car may have 7000miles but i really can't think of one reason why it would be a better buy at £30k than one with more miles for half the money ?
Or just take the view that with any car you buy (new or low miles) you'll lose money on it when driving. Spend £31k on a low mileage 2 series convertible and it'll lose you more than the Z will over the same period...

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Post by ShaunKC » Sun Aug 06, 2017 6:54 pm

A new car would definitely depreciate faster than this car ever will, although as Andy says why spend £30k when there are plenty of other great cars out there..

But Z4M prices do seem to be on the up to me, and if you are in no rush to sell why not put a high price on what is probably one of the very best low milage, stock roadsters out there. The M is a car that even an enthusiast with a garage full of sports cars can enjoy, and this car is still cheaper than when it was new and is certainly appreciating in value, so if I had a bulging bank account and wanted to enjoy open top motoring ///M style, this is the one I would buy!
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Post by derin100 » Sun Aug 06, 2017 6:59 pm

mr wilks wrote: Sat Aug 05, 2017 7:43 am
JAD wrote: Fri Aug 04, 2017 10:33 am https://www.pistonheads.com/classifieds ... sh/6977806

:rofl: :rofl: :rofl: :rofl:

Thirty One thousand pounds...
Whether its worth it or not is debatable to say the least :oops: but all i see there is a no win catch 22 situation for anyone fortunate enough to have £31k to even consider it :?
1) Buy it & mothball it for investment ? Highly unlikely to rise much over the purchase figure so hardly a great financial move
2) Buy it & drive it minimally ? Insurance , MOT , VED , service costs would all add £500/£1000 per yr pushing up the eventual sale price required to make a profit
3) Buy it & actually enjoy it :driving: throw 3k ,4k,5k on the car over 3/5 years & you soon have a 15,000 - 20,000mile £20k car :wink:
The last 12months i know of a 42k MR sold at £14250k , a 27k at £13500 ( utter bargain & buyer knows it :D ) & many others around the 35k / 40k sell circa £16k/£17k
Yes the above car may have 7000miles but i really can't think of one reason why it would be a better buy at £30k than one with more miles for half the money ?
Agreed.
Cars at this price bracket make very little sense as an often stated or so-called "investment". Any year on year increase in market value (which some might have you believe = "Profit") needs to be considered against the debit column of those year on year ownership costs, as stated by Mr Wilks above.

Additionally, crucially (and often forgotten) are the costs of maintaining any other debts one might have e.g. mortgages, loans etc. These could be reduced by not having the money tied up in a car that one is hoping will go up in value. At this end of the car market how much can one hope that a Z4M with those miles will go up per year? I don't know but I would reckon it to be in low single figure £Thousands per year at best?

So, if we take that advertised car as an example along with Mr Wilk's rough and probably conservative estimate of annual ownership costs of circa £1000/year. If we then assume that the potential "investor" has at least £30K's worth of, for example, mortgage debts on a property.

If we say property mortgage interest rates are around 4%-ish (at the moment?) then 4% of £30K is £1200 per annum. So that's how much less interest that person would be paying if they paid off £30K off the debt. So effectively by not doing so and keeping that money supposedly invested in that car is costing them an additional £1200 a year.

Add the two figures together and we already have £2200/year that that car would have to increase in value before we see anything appearing in the profit column. So, in 2 years time assuming it has gone up in value to £35K (and people will still be balking at the price) we have seen a net profit of something like -1% !

Drive it any significant mileage and that's another whole layer.....!

High-end/expensive cars or cars that are currently 'flavour of the month' because they are being hyped by certain dealers or motoring journos in cahoots with them might make money if you're in the right place at the right time...and then get out at the right time but I don't think it really applies at this end of the market.
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Post by derin100 » Sun Aug 06, 2017 7:00 pm

ShaunKC wrote: Sun Aug 06, 2017 6:54 pm A new car would definitely depreciate faster than this car ever will, although as Andy says why spend £30k when there are plenty of other great cars out there..

But Z4M prices do seem to be on the up to me, and if you are in no rush to sell why not put a high price on what is probably one of the very best low milage, stock roadsters out there. The M is a car that even an enthusiast with a garage full of sports cars can enjoy, and this car is still cheaper than when it was new and is certainly appreciating in value, so if I had a bulging bank account and wanted to enjoy open top motoring ///M style, this is the one I would buy!
Yes, this is the sort of buyer that this car might appeal to and I too think that the seller is right to put it up at that price.

Edited to say: Yes, these cars should (I hope!) be appreciating in value...but not to the extent that they will return a genuinely significant 'profit'. I only bought the one that I have (and the Alpina) because I'm fortunately debt-free and looking around at other means of 'saving' or offsetting against inflation (e.g. in a bank etc.) didn't seem to return any value either and were just boring! :)
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Post by nickw6666 » Sun Aug 06, 2017 7:13 pm

£31k for a 7000 mile car is a good deal, provided you want a nearly new car in terms of condition.

The car is worth that for the buyer that wants a car that has had minimal usage and who wants an original ultra low mileage appreciating classic.

The depreciation on that car as mentioned will be less than a 2-series convertible as mentioned.

So it's horses for courses. If someone wants to use their car as a daily or put 10k plus miles on it a year it would not be a wise investment. But for someone who is keen to buy an ultra low mileage nearly new condition Z4MR, and use it as a 2nd car, it makes a lot of sense.

As for whether the low usage would be a problem that would be very unlikely and for a prospective buyer the simple answer would be to get the car checked over by BMW, which the seller would no doubt be very happy to arrange if the car is so good.

The seller is looking for the right buyer who appreciates and is prepared to pay to get probably the lowest mileage Z4MR in the country.

For those that think £30k is too much money for an ultra low mileage Z4MR, have a little look at air cooled Porsche 911 prices,, M3 CSL prices with the unloved SMG gearbox, and 1M coupe prices with an N54 non-motorsport engine! :)
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Post by Beedub » Sun Aug 06, 2017 8:12 pm

nickw6666 wrote: Sun Aug 06, 2017 7:13 pm £31k for a 7000 mile car is a good deal, provided you want a nearly new car in terms of condition.

The car is worth that for the buyer that wants a car that has had minimal usage and who wants an original ultra low mileage appreciating classic.

The depreciation on that car as mentioned will be less than a 2-series convertible as mentioned.

So it's horses for courses. If someone wants to use their car as a daily or put 10k plus miles on it a year it would not be a wise investment. But for someone who is keen to buy an ultra low mileage nearly new condition Z4MR, and use it as a 2nd car, it makes a lot of sense.

As for whether the low usage would be a problem that would be very unlikely and for a prospective buyer the simple answer would be to get the car checked over by BMW, which the seller would no doubt be very happy to arrange if the car is so good.

The seller is looking for the right buyer who appreciates and is prepared to pay to get probably the lowest mileage Z4MR in the country.

For those that think £30k is too much money for an ultra low mileage Z4MR, have a little look at air cooled Porsche 911 prices,, M3 CSL prices with the unloved SMG gearbox, and 1M coupe prices with an N54 non-motorsport engine! :)
:thumbsup: :thumbsup:
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Post by mr wilks » Sun Aug 06, 2017 8:20 pm

Beedub wrote: Sun Aug 06, 2017 8:12 pm
nickw6666 wrote: Sun Aug 06, 2017 7:13 pm £31k for a 7000 mile car is a good deal, provided you want a nearly new car in terms of condition.

The car is worth that for the buyer that wants a car that has had minimal usage and who wants an original ultra low mileage appreciating classic.

:thumbsup: :thumbsup:
Lots of sense there nickw but for the buyer to get in at £31k as a "appreciating classic" it would have to increase in value from purchase point & after watching these cars & this market for 4 years id say that was absolutely top drawer where it is :? in fact its on the wrong side of optimistic , somebody may step forward with the ask but i doubt it will be anytime soon , nearer £25k would possibly see interest :(
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