z1 investment or expense

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ramon
Joined: Sat 07 Apr, 2007 05:56
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z1 investment or expense

Post by ramon »

What do people think about buying a z1?, is it an investment for the future (10-15 years) or just a way to spend money to enjoy now
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spokey
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Post by spokey »

Expense. No car is an investment. :wink:
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Jet
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Post by Jet »

its an investment if you buy it cheap, perfect original condition, remove all fluids and hoses, wrap in a air tight plastic bag and store it in a heated garage somewhere.......its an expense if you drive it.

If I still had my £300 Capri MkI GT it would be worth £15k right now :(
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Racing Tortoise
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Post by Racing Tortoise »

It's not an investment, but it shouldn't depreciate significantly either provided you don't pay over the odds for a low mileage car and then use it frequently.
Currently: bereft of Z1
Previously: 1991 Ur-grun Z1 and 1991 Traum-schwartz Z1
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BBZ149
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Post by BBZ149 »

Didnt buy mine for an investment, bought it for fun fun fun! and I will never be selling it. I would rather use it as my coffin when the time comes, hope thats a long time from now! or give it to my son to enjoy :lol: .
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Jet
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Post by Jet »

There are exceptions to the rule, after witnessing certain cars such as the Jaguar E Type cause a frenzy, selling for triple what they cost brand new. And the number of buyers who paid large deposits for the XJ220 before the market fell out of the supercar industry, clearly were investment opportunities.

The humble Z1 will one day prove you all wrong, im sure of it :twisted:
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Racing Tortoise
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Post by Racing Tortoise »

BBZ149 wrote:Didnt buy mine for an investment, bought it for fun fun fun! and I will never be selling it. I would rather use it as my coffin when the time comes, hope thats a long time from now! or give it to my son to enjoy :lol: .
Quite. I've left mine to my father in my will.
Currently: bereft of Z1
Previously: 1991 Ur-grun Z1 and 1991 Traum-schwartz Z1
TJS
Joined: Mon 12 Sep, 2005 19:05
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Post by TJS »

I have taken the view that a good low mileage Z1 used sparingly, say 2,000 miles a year will be depreciation proof and may even break even over the medium term when you include necessary maintence. Compare that to a new Z4M roadster which will lose 25% of its list price within 1,000 miles.

I remember Z1's changing hands in the late 1980s at £50k plus with a large number of grey imports as speculators saw them as investments. I think the BMW UK list price was £38k. The £50k UK house in 1989 is now worth ... £150k ?? A top class Z1 today is maybe £20k. Before buying my current car I looked at a red Z1 with 2,000 miles bought by a speculator in 1989 for £52k from Denmark. It was in poor condition, the original tyres had flat spotted and the car had been stored with the top down inside a garage where the sun had neatly faded half the interior.

I seem to recall a comment that of the 8,000 cars produced for sale only 5,000 remain due the uneconomic cost of major repairs. I dont see this trend changing and numbers will steadily shrink.

At the end of the day its a car, built for a specific purpose ... having fun !! So enjoy it for what it is.

TJS
///M_aniac
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Post by ///M_aniac »

No car is an investment, just enjoy it as stated.
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Jet
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Post by Jet »

Hey TT, noticed the change in colours, have you changed sides and sworn allegiance to Red Square? :D
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bluejay
Joined: Fri 16 Jan, 2004 13:40
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Post by bluejay »

I bought mine in 1993 with 1200mls for 26,500GBP, now there are 33,500mls on it and it is worth about 16-20kGBP.

Total expenses run probably in to the 16-17.5KGBP

So the investment is about 25-30kGBP with a priceless experience when the gril flashed her knicker (black lace), can any other car give you that???
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Robin
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Post by Robin »

No car is an investment :shock:
If recall correctly Nick Mason bought a Ferrari 250GT in 1977 for £35,000. Now worth a hundred times that amount. Whilst Z1 aren't going to appreciate that much, they might do better than you think.
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spokey
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Post by spokey »

Robin wrote:No car is an investment :shock:
If recall correctly Nick Mason bought a Ferrari 250GT in 1977 for £35,000. Now worth a hundred times that amount. Whilst Z1 aren't going to appreciate that much, they might do better than you think.
Bet he has barely used it though. If you bought a Z1, held on to it for thirty years and never used it, it would probably prove an "investment". In fact, I'm pretty sure that any mint 30-y.o. car could be an "investment" on that basis, but why would you want to do that, especially with a Z1?
Ciao,
Spokey
jackal on PH wrote:i love your profile... an endless pornographic paroxysm of the letters BMW

do you actually like driving at all or are cars to you just a manifestation of some sort of pathological mother complex ?
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Robin
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Post by Robin »

spokey wrote:
Robin wrote:No car is an investment :shock:
If recall correctly Nick Mason bought a Ferrari 250GT in 1977 for £35,000. Now worth a hundred times that amount. Whilst Z1 aren't going to appreciate that much, they might do better than you think.
Bet he has barely used it though. If you bought a Z1, held on to it for thirty years and never used it, it would probably prove an "investment". In fact, I'm pretty sure that any mint 30-y.o. car could be an "investment" on that basis, but why would you want to do that, especially with a Z1?
Because in my portfolio of cars I might also have a Zonda, a Ferrari 599, a Lambo, a RUF 911 etc etc
I dream on :)
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