Z4 Depreciation Prices

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Exactmax

Active member
My partner and myself are thinking of selling both of our cars to get one main car (save on costs etc.) I got BMW to give me a figure for my 2004 Z4 2.2 65,000 miles with only two owners. Full service history and with a few adding bits, like quad exhaust, 19" wheels, aero spoiler... They said the best they could offer me was £5000! I was a little shocked to be honest, for such a great looking car and it performs beautifully its not alot of money!

I bought the car three years ago in November for £11,000 and its now worth £5000! That works out at loosing over £2,000 a year! Now I'm not trying to make a point here but that's alot of money to loose every year! Surely it can't loose any more value?
 
Seems a little low but then it is a dealer offer. Know its not a benchmark you can rely on but Parkers is showing your car as:

Franchise dealer - £7640
Indy - £6920
Private Good - £6465
Private Bad - £4880

I'd try and sell privately. Especially as the sun just came out.
 
I'd take a look on Autotrader. That should give you an idea as to what the market thinks the car is worth. Any dealer will usually try to have a £1k margin on a £6k car, in case of any remedial work that may be necessary. Sell privately if you can :thumbsup:
 
A dealer won't take any of the extras you have fitted, especially non standard fittings, the wheels, the exhaust, and the spoiler all make it a bit more of a specialised car for them to sell, but privately, get the right buyer and you should be able to get £6500 maybe £7000 for it. In a recession, 2 door fuel heavy cars depreciate faster than more fuel efficient family cars.

You might find you can get more for the wheels as a separate sale and put the original wheels back on to sell the car, if you still have them.
 
Thanks for everyone's input - it just makes me really sad that such a great car isn't worth much! I really enjoy driving it and of the principal now that I might just keep it and eventually it will start to gain value (at some point lol). I don't have the original wheels any more so that's a shame!

In terms of the modifications, BMW said nothing about the upgraded wheels but they didn't see the car in the flesh. I did have the same problem when I was trying to P/X it with BMW. They said that would have to put everything back to stock in order to sell it.
 
Sign of the times I'm afraid

The way I look at it is...........

Imagine the cost of trying to hire a car like the Z4 for a few years

This way it does'nt hurt so much 8)
 
But its an old car and there is a newer model so is not as desirable although it is. Thats all to put into perspective too. Its what you get into buying a prestige car and also the market atm.

Put it this way... My dad bought a brand new M3 in 2007 one of the first in the country for £65k sold exactly 3 years later for £28k. Do the math yours isnt a bad deal.

Always have to factor in depreciation.
 
Saying as the car has been lightly modded, it may be best to offer it for sale on the forum, and/or Pistonheads... people looking to buy will be more knowledgeable about mods!
 
mrlozzer said:
Saying as the car has been lightly modded, it may be best to offer it for sale on the forum, and/or Pistonheads... people looking to buy will be more knowledgeable about mods!
Click to expand...
:thumbsup:

Any pics?
 
Exactmax said:
My partner and myself are thinking of selling both of our cars to get one main car (save on costs etc.) I got BMW to give me a figure for my 2004 Z4 2.2 65,000 miles with only two owners. Full service history and with a few adding bits, like quad exhaust, 19" wheels, aero spoiler... They said the best they could offer me was £5000! I was a little shocked to be honest, for such a great looking car and it performs beautifully its not alot of money!

I bought the car three years ago in November for £11,000 and its now worth £5000! That works out at loosing over £2,000 a year! Now I'm not trying to make a point here but that's alot of money to loose every year! Surely it can't loose any more value?
Click to expand...

TBH I think depreciation of £2k a year is about the norm. Was offered only £5k p/e on a £23k new car for my 2003 3.0i with only 29k miles . Paid £9k a year ago and a wad of cash on new tyres , servicing. detailing and 10 months tax left !!.

The only cars that seem not to suffer depreciation are " classics " - bought my previous Elan for £5750 - kept in 3 years and sold to the first viewer for the same amount .

Best not to think about it or you'll just get worked up - I'm keeping mine and will continue to enjiy it.
 
Hmm I bought my 35i just under 2 years ago for £33K... its now worth £24K... A loss of nearly £5K per year (albeit it was only 8 months old when I bought it) so I have a tiny both of empathy for you... just a tiny bit.
 
I'm just a little shocked that car's loose so much money, I guess I should of seen it coming anyway! Selling privately defo sounds the right way forwards, BMW are just going to try and rob me! Here are some pictures as requested :D (I must take some better ones).

IMG_0579.jpg

IMG_0581.jpg

IMG_0577.jpg


Before:
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Exactmax said:
Thanks for everyone's input - it just makes me really sad that such a great car isn't worth much! I really enjoy driving it and of the principal now that I might just keep it and eventually it will start to gain value (at some point lol). I don't have the original wheels any more so that's a shame!

In terms of the modifications, BMW said nothing about the upgraded wheels but they didn't see the car in the flesh. I did have the same problem when I was trying to P/X it with BMW. They said that would have to put everything back to stock in order to sell it.
Click to expand...


The argument for keeping it is strong, I doubt it will be a future classic although some are speculating that the M's will be. I would say these cars or at least the 2003-2004 ones are at the bottom of their depreciation curve. Over the 3 years that you've owned the car it's probably lost a little bit less every year so £3k first year (bad due to you buying just as the new model launched) £2k next and £1k in the last year. If you hold on to it you probably aren't going to loose much more year on year.

FWIW I just bought a 2003 3.0, 2 very anal owners, garage queen with 52k miles for a smidge under £6,500k. It was a private sale but was through a garage as the owner was friends with the dealer. I'm not sure you'll get a significantly better price by selling privately.

Nice car though. I'll do a taillight swap with you if you want to put it back to standard :wink:
 
sadly this is part and parcel of owning a car... the more prestigious the car the more you have to lose.

I've had mine for 4 years, i recon in that time i will have lost £10K.. thats £2.5K per year :(
 
aquazi said:
I've had mine for 4 years, i recon in that time i will have lost £10K.. thats £2.5K per year :(
Click to expand...

The alternative is losing less on something crap and boring.

Or worse, losing the same or more on something crap and boring. :P
 
I recently bought a 2006 2.0l sport for a smidge over 7k with 50k miles.
Originally the owner wanted 9k+ but I think he quickly realised he wasn't going to get it.
He bought the car from a main dealer a year earlier for 14k so I bet that was a bitter pill to swallow.
Btw nice car though a bit 'hairdressy' for my taste, good luck in selling privately :D
 
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