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BMW Z4, Coupe, Convertible
#265 of 511 2004 bmw z4 2.5i ownership cost
Jul 22, 2005 (1:57 pm)
I have little idea about the z4's so I would appreciate your feedback on pricing and cost.
I am looking at a 2004 2.5i, 5-speed manual with the sports package and xenon lights, heated seats. it's driven 6k miles. the private party is asking for 27k. does that price seem reasonable or should i be bargaining some more? what's the same 2005 cost brand new?
another concern i have is the cost of ownership. how much will this car depreciate and what will it's value be a year or two from now? (i have been driving a honda all this time so i have enjoyed low cost of ownership).
#266 of 511 Re: 2004 bmw z4 2.5i ownership cost [mikey432]
by kyfdx HOST
Jul 22, 2005 (2:09 pm)
Are those all the options? No power top? Metallic paint? etc...
If so, a new '05 would be $37,500... They have pretty good incentives.. Actual selling price would probably be around $33K..
That said, the $27K asking price is realistic.. Most private sellers are very unrealistic.... At $26K, you'd have a good deal... and a lot of warranty left..
Maintenance is free up until the end of the 4yr/50K warranty... The only thing you'd have to pay for is tires.... Those runflats are expensive, by the way...
Also, you can't drive in the snow with the Sport package tires.. summer only..
I think at $26K, you'll do well on depreciation....
#267 of 511 Other options??
by kyfdx HOST
Jul 22, 2005 (2:11 pm)
Leather? Premium package? Power seats?
There are a lot of options that can jack up the price... If he is original owner, he should be able to show you the window sticker...
#268 of 511 Re: Other options?? [kyfdx]
Jul 22, 2005 (2:16 pm)
i am not sure if it's a power-top or metallic paint. i'll confirm with the owner. how much depreciation am i looking at? the dealer told me that the value drops to 50% of the orignal price after 3 years.
so if i intend to sell it two years from now what price would i get on it?
#269 of 511 Re: Other options?? [mikey432]
by kyfdx HOST
Jul 22, 2005 (2:21 pm)
Lets see... hmm.. crystal ball is a little fuzzy...
Seriously... It is hard to say... the Z4 came out in '03... so, there aren't any 3 year old examples to compare it to....
It will depend on miles driven, condition, your location, etc...
But, if you take care of it, and it only has around 20K-25K miles in another couple of years, I'd think you could see $18K-$20K, fairly easily... If it is a late in-service date.. (say, July of '04), and you still have a year of warranty left, then that would be a big selling point...
Unless the car is white, black or red.. it likely has metallic paint.. that is a $475 option...
#270 of 511 Re: Other options?? [kyfdx]
Jul 22, 2005 (5:35 pm)
it's color is metallic titanium silver.
the seat covers are not leather (they're leatherette).
it's got a manual top.
it's definetly got the sports package and xenon lights and heated seats.
I don't think the price will budge from 27K. is it a fairly reasonable deal or still a bargain?
#271 of 511 Re: Other options?? [kyfdx]
Jul 22, 2005 (5:37 pm)
also one other thing. was was the change from 2004 model to 2005 model? when do the 2006 models come out and will there be any significant changes in that?
#272 of 511 Re: Other options?? [mikey432]
by kyfdx HOST
Jul 22, 2005 (6:47 pm)
'05 models are essentially the same... Possibly some differences in how options were packaged...
That '04 has everything you really need.. Sport, stick, xenons, heated seats.. Silver is a great color... The only drawback is -no power top-...
I'd say the price is "fair"... It is hard to compare to others out there on price, because most have quite a bit more options....
That said, unless this guy is your best friend, everything is negotiable... And, trying to sell a $27K car privately is tough... I'd certainly try for another $1000 less...
But, even at $27K, you aren't going to get hurt.. As I said before, if the car has only been in service for a year, it would more desireable than a car that was coming up on two years old..
As far as '06s? I don't think they are coming out until January... They may have the new upgraded engines that are in the 3-series at that time...
But, if so, expect a price increase... Plus, I don't think it would hurt the value of yours any... At $26K-$27K, you'll still have about the cheapest '04 model around...
Really.. the only thing that bugs me is the lack of a power top.. But, since I've never used a manual top on a Z4, I can't even really say if that is a big deal or not.
#273 of 511 2004 2.5 Fully loaded CPO
Jul 24, 2005 (1:34 pm)
I am looking at a Fully loaded (Sport, Premium, Heated Seats, Automatic, Xenon, No NAV) Merlot at a local dealer in So Cal. 9K miles. After about an hour of negotiating the dealer said the best offer he can make is $32.4. Is this a fair price or should I offer lower.
#274 of 511 Re: 2004 bmw z4 2.5i ownership cost [mikey432]
Jul 25, 2005 (3:15 pm)
Did you see what Terry said on the Real-World Trade-In Values forum about this car? If I understand it, with the no-leather, no power top, etc. he's saying around $25.5K for the car, trade-in value to a dealer. If you're sure you don't care about those options, want a stick, etc., why not offer $26-$26.5K? And the spt pckg & xenons are really nice. Hard to say, the no-leather, no power top, & even the stick will hurt you when you sell, but it sounds like you're saving up front.
I'd be most concerned about doing a carfax, getting service records from the dealer, & having it checked out for any possible repaired body damage. Hard to get the exact combo of color, options, & price you want on a used bmw because the options lists are so extensive.....I've blown off a couple of really nice used bmws over something like the interior color, & regretted it later. I wouldn't lose this one over $1000 if it checks out, & you're sure it's what you want.