Selling my Z4M40i...what should I expect value wise

mjposner · 06-05-2023, 07:51 AM

So I really really like my 2020 Z4 but due to a D I lost my access to an SUV and my new post-Dlifestyle is hampered by having only the Z4. I have two dogs (one is 50 lbs) so its the dogs or a passenger. I have no way to take my bike or kayak out.

I am getting carmax and edmunds offer of $45,000. Seems a bit low, but when you factor in sales tax savings on a trade in of $3,000, maybe $48k isn't too bad.

Do you think $50k retail is possible or am I wasting my time?

Westside Guy · 06-05-2023, 08:09 AM

To me, a major factor in determining the value of a used car is the mileage and how much time remains on the warranty.

Also, have you considered listing it privately which I know is a PIA but you will be paid more for the Z4?

Balr14 · 06-05-2023, 10:55 AM

Try WeBuyAnyCar, if there is one near you. You have to look online, their physical locations are not large or easy find. But, they have a broker network that usually pays more than anyone else. I sold my Mustang GT for $5k more than CarMax offered. As mentioned, mileage and any remaining warranty, will be big factors. Most people will not buy a BMW without a warranty or CPO. Without any warranty, you may not get more than what you have been offered.

Westside Guy · 06-05-2023, 11:30 AM

Quote:

Originally Posted by Balr14

Try WeBuyAnyCar, if there is one near you. You have to look online, their physical locations are not large or easy find. But, they have a broker network that usually pays more than anyone else. I sold my Mustang GT for $5k more than CarMax offered. As mentioned, mileage and any remaining warranty, will be big factors. Most people will not buy a BMW without a warranty or CPO. Without any warranty, you may not get more than what you have been offered.

It also helps if the car has a clean Carfax report.

mjposner · 06-05-2023, 11:47 AM

Car has a clean Carfax Report.
Regular warranty through May 2024
Its a cpo car with cpo warranty through May 2025 (not sure if it can be transferred).

Mileage is 29,400 and going up slowly.

Assuming I can get $48k from dealer with sales tax, can I get much more selling private?

mjposner · 06-05-2023, 12:03 PM

Okay let's see what response i get on facebook:

https://www.facebook.com/marketplace...2297057116483/

Balr14 · 06-05-2023, 12:53 PM

Try listing on CarGurus, too.

GerryC · 06-05-2023, 02:09 PM

Quote:

Originally Posted by mjposner

Okay let's see what response i get on facebook:

https://www.facebook.com/marketplace...2297057116483/

From what I can find, that looks pretty close to market. Which implies that $46-$48k trade-in would be about right. $45k is definitely on the low side without the tax advantage.

mjposner · 06-09-2023, 08:51 AM

We Buy Cars said $39K. Far below Carmax and Edmunds 45k.

RigaTony1982 · 06-09-2023, 09:27 AM

Try Auto Lenders:

https://www.autolenders.com/we-buy-used-cars

When I sold my A5 they gave me the most by far.

Balr14 · 06-09-2023, 11:37 AM

Quote:

Originally Posted by mjposner

We Buy Cars said $39K. Far below Carmax and Edmunds 45k.

Wow, that's a surprise! That would indicate the market for a used Z4 isn't particularly strong.

Westside Guy · 06-09-2023, 11:40 AM

Quote:

Originally Posted by Balr14

Wow, that's a surprise! That would indicate the market for a used Z4 isn't particularly strong.

Companies that give you lowball prices are not indicative of the true value of your car.

RigaTony1982 · 06-09-2023, 11:43 AM

Quote:

Originally Posted by Balr14

Wow, that's a surprise! That would indicate the market for a used Z4 isn't particularly strong.

Yeah, from my experience different companies are all over the board when doing this. I reached out to everyone I could find to get the best price. I wouldn't look at one low offer as the market being bad.

Balr14 · 06-09-2023, 02:53 PM

Quote:

Originally Posted by RigaTony1982

Yeah, from my experience different companies are all over the board when doing this. I reached out to everyone I could find to get the best price. I wouldn't look at one low offer as the market being bad.

WeBuyAnyCar doesn't low ball. They do an appraisal and present it to a network of brokers, who bid on the car. A low offer is indicative of low interest. Plus, if you find the offer too low, you can say what you want for it and see if there are any takers. Really, it's just basically a private auction. There are always brokers willing to pay a premium for low miles. Unfortunately, nearly 30k miles for this Z4, would not be desiferable.

Speaking of auctions, there is always BAT. Z3/Z4 models do well there.

RigaTony1982 · 06-09-2023, 02:57 PM

Quote:

Originally Posted by Balr14

WeBuyAnyCar doesn't low ball. They do an appraisal and present it to a network of brokers, who bid on the car. A low offer is indicative of low interest. When I sold my Mustang the offer increased by $5k from the original estimate. Plus, if you find the offer too low, you can say what you want for it and see if there are any takers. Really, it's just basically a private auction.

Speaking of which, there is always BAT. Z3/Z4 models do well there.

I'm not saying they lowball, but he has an offer for $6K more from Carmax. Just saying that sometimes (depending on the model) some places offer more than others.

Balr14 · 06-09-2023, 04:45 PM

Quote:

Originally Posted by RigaTony1982

I'm not saying they lowball, but he has an offer for $6K more from Carmax. Just saying that sometimes (depending on the model) some places offer more than others.

I agree and based on what WeBuyAnyCar offered, I'd say the Carmax offer is about as good as it gets.

Christos · 06-12-2023, 08:43 AM

The market is always so volatile, last Sept, a 2019 S30i was going for $50k

Ex_Stig · 06-15-2023, 12:29 PM

Here is the Manheim data. Your mileage is on the higher side of things.

Joeshin87 · 06-15-2023, 08:43 PM

Quote:

Originally Posted by mjposner

So I really really like my 2020 Z4 but due to a D I lost my access to an SUV and my new post-Dlifestyle is hampered by having only the Z4. I have two dogs (one is 50 lbs) so its the dogs or a passenger. I have no way to take my bike or kayak out.

I am getting carmax and edmunds offer of $45,000. Seems a bit low, but when you factor in sales tax savings on a trade in of $3,000, maybe $48k isn't too bad.

Do you think $50k retail is possible or am I wasting my time?

Have you tried posting on carsandbids.com? Its an auction site for actual buyers and sellers and not companies. You may get a good price there.

German1967 · 07-02-2023, 06:31 PM

Sold mine last year for 58k (2020 15k miles) but that was in the middle of the shortage.

Horseman · 07-02-2023, 07:07 PM

Quote:

Originally Posted by mjposner

So I really really like my 2020 Z4 but due to a D I lost my access to an SUV and my new post-Dlifestyle is hampered by having only the Z4. I have two dogs (one is 50 lbs) so its the dogs or a passenger. I have no way to take my bike or kayak out.

I am getting carmax and edmunds offer of $45,000. Seems a bit low, but when you factor in sales tax savings on a trade in of $3,000, maybe $48k isn't too bad.

Do you think $50k retail is possible or am I wasting my time?

I would also check out CarMax and Kelly Blue book.

BEAR-AvHistory · 07-02-2023, 08:26 PM

Values are trending down fast. If you are going to make a change I would not linger over it. The '24 LCI's are already in the mix which will further depress the originals value.

06-05-2023, 07:51 AM	#1
mjposner Brigadier General 898 Rep 3,071 Posts Drives: 2020 Z4 40i Join Date: Mar 2011 Location: Southwest Florida iTrader: (3)	Selling my Z4M40i...what should I expect value wise So I really really like my 2020 Z4 but due to a D I lost my access to an SUV and my new post-Dlifestyle is hampered by having only the Z4. I have two dogs (one is 50 lbs) so its the dogs or a passenger. I have no way to take my bike or kayak out. I am getting carmax and edmunds offer of $45,000. Seems a bit low, but when you factor in sales tax savings on a trade in of $3,000, maybe $48k isn't too bad. Do you think $50k retail is possible or am I wasting my time? __________________ Previous BMW: 16 M4, 13 M6; 14 M235i, 12 BMW M3; 11 BMW M3; 08 BMW M3; 08 BMW Z4M; 04 X3; 02 M3 Convertible; 02 M3; 00 M Roadster; 94 325 convertible; 92 325i Convertible; and 85 635csi My Car Photo Blog: http://carfisheye.blogspot.com/
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06-05-2023, 08:09 AM	#2
Westside Guy Brigadier General 5722 Rep 4,407 Posts Drives: 2022 Z4 M40i, 2021 228i GC Join Date: Sep 2021 Location: Hallandale Beach, FL iTrader: (0) Garage List 2022 BMW Z4 M40i [9.81] 2021 BMW 228i Gran ... [7.83]	To me, a major factor in determining the value of a used car is the mileage and how much time remains on the warranty. Also, have you considered listing it privately which I know is a PIA but you will be paid more for the Z4?
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06-05-2023, 10:55 AM	#3
Balr14 Lieutenant 559 Rep 400 Posts Drives: 2020 Z4 M40i Join Date: Mar 2019 Location: Menomonee Falls, Wi. iTrader: (0)	Try WeBuyAnyCar, if there is one near you. You have to look online, their physical locations are not large or easy find. But, they have a broker network that usually pays more than anyone else. I sold my Mustang GT for $5k more than CarMax offered. As mentioned, mileage and any remaining warranty, will be big factors. Most people will not buy a BMW without a warranty or CPO. Without any warranty, you may not get more than what you have been offered.
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06-05-2023, 11:47 AM	#5
mjposner Brigadier General 898 Rep 3,071 Posts Drives: 2020 Z4 40i Join Date: Mar 2011 Location: Southwest Florida iTrader: (3)	Car has a clean Carfax Report. Regular warranty through May 2024 Its a cpo car with cpo warranty through May 2025 (not sure if it can be transferred). Mileage is 29,400 and going up slowly. Assuming I can get $48k from dealer with sales tax, can I get much more selling private? __________________ Previous BMW: 16 M4, 13 M6; 14 M235i, 12 BMW M3; 11 BMW M3; 08 BMW M3; 08 BMW Z4M; 04 X3; 02 M3 Convertible; 02 M3; 00 M Roadster; 94 325 convertible; 92 325i Convertible; and 85 635csi My Car Photo Blog: http://carfisheye.blogspot.com/
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06-05-2023, 12:03 PM	#6
mjposner Brigadier General 898 Rep 3,071 Posts Drives: 2020 Z4 40i Join Date: Mar 2011 Location: Southwest Florida iTrader: (3)	Okay let's see what response i get on facebook: https://www.facebook.com/marketplace...2297057116483/ __________________ Previous BMW: 16 M4, 13 M6; 14 M235i, 12 BMW M3; 11 BMW M3; 08 BMW M3; 08 BMW Z4M; 04 X3; 02 M3 Convertible; 02 M3; 00 M Roadster; 94 325 convertible; 92 325i Convertible; and 85 635csi My Car Photo Blog: http://carfisheye.blogspot.com/
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06-05-2023, 12:53 PM	#7
Balr14 Lieutenant 559 Rep 400 Posts Drives: 2020 Z4 M40i Join Date: Mar 2019 Location: Menomonee Falls, Wi. iTrader: (0)	Try listing on CarGurus, too.
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06-09-2023, 08:51 AM	#9
mjposner Brigadier General 898 Rep 3,071 Posts Drives: 2020 Z4 40i Join Date: Mar 2011 Location: Southwest Florida iTrader: (3)	We Buy Cars said $39K. Far below Carmax and Edmunds 45k. __________________ Previous BMW: 16 M4, 13 M6; 14 M235i, 12 BMW M3; 11 BMW M3; 08 BMW M3; 08 BMW Z4M; 04 X3; 02 M3 Convertible; 02 M3; 00 M Roadster; 94 325 convertible; 92 325i Convertible; and 85 635csi My Car Photo Blog: http://carfisheye.blogspot.com/
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06-09-2023, 09:27 AM	#10
RigaTony1982 Colonel 2596 Rep 2,063 Posts Drives: 2023 BMW Z4 M40i Join Date: Mar 2021 Location: Chicago iTrader: (0) Garage List 2023 BMW Z4 M40i [7.75]	Try Auto Lenders: https://www.autolenders.com/we-buy-used-cars When I sold my A5 they gave me the most by far.
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06-12-2023, 08:43 AM	#17
Christos Captain 189 Rep 609 Posts Drives: 2019 Z4 s3.0 Msport Join Date: Jun 2008 Location: Central, NJ iTrader: (0)	The market is always so volatile, last Sept, a 2019 S30i was going for $50k __________________ 2019 Z4 sDrive 30i Msport, Previously owned BMWs, 2014 428i Msport, 2008 335i Coupe, 2007 328xi sedan, 2002 325i sedan 1996 318ti (loved this little car)
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06-15-2023, 12:29 PM	#18
Ex_Stig Colonel 2594 Rep 2,683 Posts Drives: '24 X7 M60i Join Date: Jan 2014 Location: Scottsdale, AZ iTrader: (0) Garage List 2024 BMW X7 M60 [10.00]	Here is the Manheim data. Your mileage is on the higher side of things. Attached Images __________________ Ex Stig '25 M5 Touring (on the list, first slot) '24 X7 M60i '22 M5 CS - (sold)
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07-02-2023, 06:31 PM	#20
German1967 Captain 583 Rep 831 Posts Drives: 2015 M235xi - 2022 992 C2S Cab Join Date: Mar 2015 Location: Ohio iTrader: (0)	Sold mine last year for 58k (2020 15k miles) but that was in the middle of the shortage. __________________ Hoc Lapidem Non Vi Sed Saepe Cadendo!
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07-02-2023, 08:26 PM	#22
BEAR-AvHistory 2020 Z4 M40i - 2022 M4C Convt 3129 Rep 5,264 Posts Drives: 2020 Z4 M40i - 2022 M4C Convrt Join Date: Jun 2011 Location: Raleigh, NC - OIB, NC iTrader: (0) Garage List 1965 COBRA (FFR rep ... [8.57] 2023 Jeep Wrangler ... [9.50] 2009 Yamaha V-Star [0.00] Cars 2-BMW, 2-FORD, ... [0.00] 2023 Ford Expeditio ... [0.00] 2020 Z4 M40i [10.00] 2022 BMW M4C [7.25] 1998 FORD Ranger 4X4 [0.00]	Values are trending down fast. If you are going to make a change I would not linger over it. The '24 LCI's are already in the mix which will further depress the originals value. __________________ Kevin Dravit Gray, Black Leather, Moonlight Roof, Red Calipers 2022 M4C - 2020 Z4 M40i - 2023 FORD Expedition XLT Max 4X4 400BHP - 2009 V-Star - 1998 Ranger 4X4 5MT - 1965 Cobra (R) 5MT - 2023 Jeep Wrangler Sport S 6MT
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