z1 investment or expense
z1 investment or expense
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
- Racing Tortoise
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- Joined: Mon 07 Nov, 2005 15:53
- Posts: 894
- Location: SW6
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
The humble Z1 will one day prove you all wrong, im sure of it
- Racing Tortoise
- Z Register member
- Joined: Mon 07 Nov, 2005 15:53
- Posts: 894
- Location: SW6
Quite. I've left mine to my father in my will.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 .
Currently: bereft of Z1
Previously: 1991 Ur-grun Z1 and 1991 Traum-schwartz Z1
Previously: 1991 Ur-grun Z1 and 1991 Traum-schwartz Z1
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
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
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- Z Register member
- Joined: Sat 30 Jul, 2005 19:34
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- Location: Belfast
No car is an investment, just enjoy it as stated.
BMW Z3, the only way to build a true roadster
- The most powerful letter in the world.
- The most powerful letter in the world.
Cloz wrote:There is something that will never change is my love for Z3
smartypants wrote:Conor?
With an M??
The World's gone mad
smartypants wrote:The Z3 rear is a great thing to behold
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???
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???
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?Robin wrote:No car is an investment
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.
Ciao,
Spokey
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 ?
Because in my portfolio of cars I might also have a Zonda, a Ferrari 599, a Lambo, a RUF 911 etc etcspokey wrote: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?Robin wrote:No car is an investment
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.
I dream on
'High G' motoring enthusiast