So......
(Me jealous)
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So......
(Me jealous)
there was also a period in time where the books (KBB, etc.) had it wrong as well. a ZSP car was worth more, according to the books, than a ZHP model....
i've run across numerous listings (usually at dealers, and not always non-BMW ones at that) which will list the car as a sport package, or as having the "M3 package."
sorry that was a bit off-topic, but something i always found interesting......
I was pretty pumped at the deal I got in May '09 for my CPO '06 ZHP CiC w/Cold Weather Package (with a CARFAX) in SoCal, around 42K miles. Best price around town for a CPO non ZHP was just under $28K and it was tough to get the dealer down to that. I was going to buy it, but the next day I found mine at $24,500K, about 60 miles away at a BMW dealer! Couldn't believe it. Since they were a BMW dealer I'm sure they knew what they had. It was such a good price, I had to ask the salesman why. He said that this was a corporate owned dealer, one of many, and the corporate policy was to not keep cars on the lot for more than a certain amount of time, so when that time came, they'd drop the price to their bottom line and it usually sold in a day or two, if that long. I think the semi-remote location of the dealer where the housing market was still hurting probably kept the car on the lot longer than normal too.
2004 Imolarot 6 speed. Purchased in Atlanta for $17,800; driven to Orlando. 58,000 miles. April 2010. (HA! Just found the bill of sale--was 800 less than I thought... fixed now; 17.8!)
But when he bought the car it was only a 3-year-old car, still under regular warranty. Also, he bought that car 20 months ago. Finally, it's a convertible. I think $24,500 is in the ballpark of a decent deal.
But I hear you. You said you only disagree a "lil." You're thinking it should have been closer to $22K?
Yeah.........thats more of what I was thinking.......maybe even 20k-22k..........idk...
These cars typically depreciate by about 50% in five years.....assuming they are perfect.....and also dependant on geographic location as peviously discussed.
I would suspect that the convertible was about $47K in 2006 (and probably more). After three years, it was bought for $24.5K. That's not bad -- if you assume that it should be worth half after five years.
I might be thinking about selling my ZHP, how much should i be asking?
2003 ZHP Sedan
Silver/With Black Alcantra Interior
Xenon Pkg
Premium Pkg
6 Speed
No Sunroof
Miles: 30K (Yes 30K Miles) Original. I bought the car from Original owner with 7K miles.
Upgrades: Umnitza V2, All clears around Tailights, Sides, and front corners, and tint..Dice Silverline Ipod as well.
Whats a fair price to ask?
Will, you're going to get a good price for it. You're close enough to the Bay Area that you'll get interest -- and inflation -- from that area.
More importantly, that mileage is going to be worth a premium. Similarly, silver is a popular and easy color to sell.
On the negative side, it's a 2003. First year of the ZHP. Someone will discount it because of that.
If I was looking for a ZHP, I'd be willing to pay $20K-$21K for that car.