Me too ....................
Tony.
Tony.
Z3M investment - yes or no?
- Thread starter Gizmozed
- Start date
- Joined
- Oct 9, 2015
- Points
- 148
- Model of Z
- 3.2
I agree with many of the posts here but I think they are missing one vital point and that is how desirable the car is. It is not unusual for someone to upgrade to a Z4 or a Boxster only to return to a Z3 when the novelty wears off because the Z3 is a much prettier and more desirable sports car. There are many more technically advanced and better driving motors to be had but they lack the style of the Z3. BMW hit the nail squarely on the head with the Z3. Class never goes out of style so do not hold your breath for a Z3M with 50000 miles for less than 10k again because it just is not going to happen. I have lost thousands on cars and bikes over the years but don't regret a penny of it because of the pleasure they gave so buy the car, drive it when the sun shines and enjoy life, it's not a rehearsal.
While I agree with your comments, they miss the point. Will a Z3M , if bought now be an investment? I don't think they will be an investment personally, but IF I could afford one I would buy one like a shot .......................................... and DRIVE it.
Tony.
Think they will, I paid 9K for a spotless 1.9 back in 2008.
///Bad Boy is going be laughing his ass off if/when he ever sells his ///M.
- Joined
- Feb 18, 2016
- Points
- 231
- Model of Z
- Z3M Imola and Z4 (e89)
Not sure I agree with you on this, 18mth 2 years ago they were fetching 8k to 16k depending on condition (the only ones as low as 5k I saw were cat Ds, or basket cases) now for 13k you will get one north of 80k on the clock and needed a fair bit of money spent on it., it may look very tidy but will drive like a dog, I do speak with a little knowledge as I have followed the M prices and looked at and driven a fair few of them over the last 18 mths. There is money to be made, but you either have to be very lucky and get a good one for little money (unlikely now) or buy cheap and spend some cash to get it right then sell or store. I firmly believe the Ms that have had the money spent on them will be worth a bit in the future, if I was buying a low mileage one that was 20 years old for strong money and everything on the running gear was as old as the registration (which is usually the case), I'd walk away.
Ask yourself this 1.how long are you going to live?2. What are you going to do with the amazing profits after you sell it ?3. Have you got something better to do with all that money sitting in your bank account? Every £ of disposable income really needs a 
smile value it can be expressed like this .cinama ticket £10= 2 ....fuel for Z3 driving £10= 20 .maybe when you get to a certain age or you get a illness you look at things differently but the smile equation has a big influence on my spending habits.Look back on the last week,month ,year what do you need more of ?
smile value it can be expressed like this .cinama ticket £10= 2 ....fuel for Z3 driving £10= 20 .maybe when you get to a certain age or you get a illness you look at things differently but the smile equation has a big influence on my spending habits.Look back on the last week,month ,year what do you need more of ?
raymond
Zorg Guru (I)
Would have liked more holidays and to have driven my M a bit more !Ask yourself this 1.how long are you going to live?2. What are you going to do with the amazing profits after you sell it ?3. Have you got something better to do with all that money sitting in your bank account? Every £ of disposable income really needs a
- Joined
- Oct 9, 2015
- Points
- 148
- Model of Z
- 3.2
Time for some crystal ball gazing then chaps. Lucky bloke A gets a 20k windfall and decides on 2 possible options for the cash:-
Option 1. Deposit it in a 100% safe savings scheme for 3 years and the rethink his options
Option 2. Buy a Z3M with 50000 miles on the clock in excellent condition, run it for 3 years as a Sunny weekend car averaging 2500 miles per year and then sell if the fun has worn off.
Assuming no disasters with the mechanicals and keeping the car in top condition what is the likely difference in the outcome.
Based on no real research just gut instinct I reckon the car option could see a 5k swing either side of break even, meaning anything from a 5k loss to a 5k gain. Neither is gonna change your lifestyle to any great degree but at least you have had some fun with the cash.
Worriers will take the safe option of a guaranteed return, reinvest it and go to their maker leaving their inheritance pot 5% greater.
I am not suggesting either is right or wrong, just two different ways to make the journey.
Option 1. Deposit it in a 100% safe savings scheme for 3 years and the rethink his options
Option 2. Buy a Z3M with 50000 miles on the clock in excellent condition, run it for 3 years as a Sunny weekend car averaging 2500 miles per year and then sell if the fun has worn off.
Assuming no disasters with the mechanicals and keeping the car in top condition what is the likely difference in the outcome.
Based on no real research just gut instinct I reckon the car option could see a 5k swing either side of break even, meaning anything from a 5k loss to a 5k gain. Neither is gonna change your lifestyle to any great degree but at least you have had some fun with the cash.
Worriers will take the safe option of a guaranteed return, reinvest it and go to their maker leaving their inheritance pot 5% greater.
I am not suggesting either is right or wrong, just two different ways to make the journey.
For myself I never look further than a year ahead,I plan for my children's future.never say I'll do it next time,year,always put a date on it and keep it.
Looking at the prices now, trying to buy an M as investment you've "missed the boat" so to speak. I was lucky with mine and made 10k from the initial purchase price.
Then again what will happen to our prestigious zeds when 2040 arrives....
Then again what will happen to our prestigious zeds when 2040 arrives....
- Joined
- Dec 8, 2011
- Points
- 145
Option 2 isn't an investment decision, unless you are the world's most naive investor. It's a "let's spend some of this windfall and enjoy life" decision. The best you can hope for is zero-cost motoring where appreciation equals ownership costs.
I bought my M Roadster in Nov 2010 for £6000. It might be worth £16000 now. Do you think that I have made a wise investment?
Answer = No.
So far, I've done 27,500 miles in it and it has cost me £19,000, so if my "investment" profit is £10k, my "investment" has cost me £9000.
Convincing someone to buy a car as an investment is an easy way to part a fool from his money.
raymond
Zorg Guru (I)
Just what have you spent £19000 on? I am prepared for a long list !
- Joined
- Oct 9, 2015
- Points
- 148
- Model of Z
- 3.2
I think we differ on what we are actually investing in and about the best use of some disposable cash. If we are talking about money that is essential for future living expenses then the only sensible option is a safe one with no risk but if it is truly disposable then why not have some low risk fun with it and invest in some enjoyment and quality of life that carries a little risk. "It's better to burn out than fade away" as the song goes.
- Joined
- Dec 8, 2011
- Points
- 145
https://zroadster.org/threads/pingus-m-roadster.17767/#post-298214
+ 27,500 miles of VPower/Nitro+ (nearly £7k)
+ 7 years insurance
+ 7 years VED
+ 7 years MOTs
- Joined
- Dec 8, 2011
- Points
- 145
Quite cheap (around £300 - £400).Crikey Pingu your insurance must be sky high! Congratulations on being one of the younger M owners.
It's all the unnecessary stuff like £2k respray, £1k clutch, £500 suspension. It all adds up.
It's like a high maintenance woman - you ask yourself "is she worth it?", then you see her just sitting there and think "Hell, yeah"
I'm not going to tell you what it feels like to get in and ride.
The car's not bad, either
- Joined
- May 19, 2015
- Points
- 151
For investment, and limited number I would consider @zedwheels Alpina
I do a bit of work for a classic car dealer.
He won't buy the high mileage stuff, be he pays very strong prices for the low mileage examples.
So if we're talking "investments" low mileage is preferable.
- Joined
- May 19, 2015
- Points
- 151
Oh yes, they are lovely cars, I'd buy a low mileage one myself if it came at the right price.
I have one of the original brochures for them.