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Thread: 2001 Z8 (#77864) Red/Red - Sold

  1. #1
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    2001 Z8 (#77864) Red/Red - Sold

    You don't see that many high mileage Z8's come up for sale. This listing in Newport is for a red/red Z8 with 56K miles. Looks decent for the milage. Will be interesting to see the what prices high milage cars get to determine the low end of the market.

    http://newportcoastauto.com/profile....EJ11010AF77864
     

  2. #2
    Very interesting to me (83K miles) - not that I have any plans of selling.
    Skip Hammerman

    2002 BMW Z8 - Meisterschaft GT, PP installed, CDV delete
    2013 BMW X3
    2015 Porsche 911 Targa 4S

  3. #3
    It is also an early EU VIN car, which would make it very easy to return to Europe, so I suspect it'll sell quickly at that price.
    Andrew Macpherson

    Expert Z8 Inspections, with full support for both Z8 sale and purchases.

  4. #4
    Z8 Ate My Homework! Norcal's Avatar
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    Thats a lot of red! No PP, and what's with the "Replacement ID number" plate?

  5. #5
    Team Z8 jawz's Avatar
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    Now that makes one wonder, doesn't it Ian? CA replacement ID Number????

  6. #6
    Z8 Ate My Homework! Norcal's Avatar
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    Did some googleing... looks like it could have been salvaged or otherwise damaged. If it were just a damaged door etc, wouldn't you just get a new sticker from BMW?

  7. #7
    Z8 Ate My Homework! Norcal's Avatar
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    Sent them an email for clarification...

  8. #8
    Z8 Millennial Monster hayvenhurstkid's Avatar
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    I don't think that is a replacement ID. European cars never had an ID lable in the door jamb like US cars. I think that is the California Air Resources Board compliance lable that is required on grey market cars.
    Marty

    2001 Z8
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  9. #9
    in Coral Gables, Florida DirkZ8's Avatar
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    Quote Originally Posted by macfly View Post
    It is also an early EU VIN car, which would make it very easy to return to Europe, so I suspect it'll sell quickly at that price.
    No euro tail lights though.
    Dirk

    Alpina #142
    www.bmwccca.com

  10. #10
    Z8 Ate My Homework! Norcal's Avatar
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    Marty got it right? Here is the reply I got:

    No stories here.
    The car is immaculate.
    Was shipped brand new from Europe to U.S into the Port of Long Beach and
    converted to U.S standards by BMW and the Dept. of Transportation.
    At that point the Dept of Transportation assigned a U.S Vin#

    This is all documented and also available to see on Carfax.
    Please visit www.newportcoastauto.com for a full description and multiple
    photos.

    The vehicle has had no accidents and the only paintwork on the vehicle was
    from us when we painted the front (plastic) spoiler because of chips.

    We just listed this vehicle and have only had it a few days but we are
    getting a lot of attention on it being the cheapest in the country.

    Please let me know when you are available to talk in detail or call me at
    the phone # below and I can answer any questions you have.

    Sincerely

    Christopher J.Ruggiero
    Christopher Ruggiero
    General Manager
    Newport Coast Auto
    1719 Pomona Ave.
    Costa Mesa, CA 92627
    949-515-0800
    949-515-0900 (fax)

  11. #11
    Quote Originally Posted by Norcal View Post
    Thats a lot of red!?
    Hey, I resemble that remark.
    C.A. Cardenas (AKA Dan)
    2003 (last one?) Z8 - Hellrot / Sport Rot
    Original Owner - Munich Tourist Delivery
    -- Others --
    1988 M6 - 32K mi. - Original Owner
    1989 DINAN 750iL - 73K mi. - Original Owner
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    2015 X5 (F15) Diesel - Daily Driver

  12. #12
    Z8 Ate My Homework! Norcal's Avatar
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    Hey, if it were up to me, I would go with even more red!

  13. #13
    Z8Mania
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    That price looks to me to be too high.

  14. #14
    Z8 Guru 2112's Avatar
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    I am hoping that as time passes, mileage matters less and less to the depreciation of our cars.
    2000 Red over black
    heavily modified for performance. Although, not to the level of GM's car

  15. #15
    in Coral Gables, Florida DirkZ8's Avatar
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    Quote Originally Posted by 2112 View Post
    I am hoping that as time passes, mileage matters less and less to the depreciation of our cars.
    I am afraid that it will be quite the opposite. My guess is that high mileage cars will continue to depreciate while pristine low mileage cars will appreciate over time.
    Dirk

    Alpina #142
    www.bmwccca.com

  16. #16
    I think that long term the spread could widen quite a lot between a garage queen and a total beater, but a well kept high miler that has been loved and cared for with all the good stuff will be closer to the garage queen than the beater based on what I see in the classic car market today.
    Andrew Macpherson

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  17. #17
    Z8 Guru 2112's Avatar
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    I agree as whole you are correct, I am just hoping the mileage becomes less important over time.

    For the sake of argument, 2 Ferrari Daytonas (Factory verts), both having major service and any necessary repairs and updates. One has 7500 miles and the other 30,000 miles but you can't tell other than looking at the odometer.

    Aren't both 1.5 million dollar cars? OK the 7500 mile car is $1.6 million but my point is still not quite as important 30-40 years later (20-30 years away for us)

    Just hoping
    2000 Red over black
    heavily modified for performance. Although, not to the level of GM's car

  18. #18
    I think that Marty is best placed to speak on this, but I'm going to say that after 20 years condition and history will matter a lot more than miles. A one owner car in great condition with 15k or 50k miles will be close in value, a 2k miler maybe 10% more, but a beater in need of a full resto maybe under 50% of the tops.

    FWIW I would cost out a full resto to immaculate from a used and abused (DE car) at about $120k at BMW Classic at today's cost. That means a pristine mint one will need to be hitting 250k before a full resto becomes a considered factor. I think we are a good few years, and quite possibly a world war away from that point.
    Andrew Macpherson

    Expert Z8 Inspections, with full support for both Z8 sale and purchases.

  19. #19
    Z8Mania
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    If Im not mistaken, typically years 10-20 will be the low point. I also think over time you will see a widening gap between garage queens, drivers but without big miles, and then big mile cars. I think 50k miles over 10-12 years now really isn't that bad- its under 5k miles a year.

  20. #20
    Time will tell, and hopefully we'll all be here to see the outcome! :-)
    Andrew Macpherson

    Expert Z8 Inspections, with full support for both Z8 sale and purchases.

  21. #21
    Sport Button On
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    It's hard to believe that the seats are so nice on a car that has 57k in miles. The owner must have remained very still and weighed less than 100 pounds. The last really high milage car I remember from a couple of years ago was a red/red with 70k miles and sold for $62k. It does appear that all Z8's regardless of miles are worth more today than 2 years ago which is good news.

    Lanny

  22. #22
    Z8 Novice jvmax's Avatar
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    for those who missed it, how much was it listed for?

  23. #23
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    $79K if I remember correctly......probably sold for a few thousand less since it was available for a few months