For Sale Estoril Z3M Roadster

[Lazzzydog]

The price on these cars is all over the place. I could only find a handful for sale at the moment but I expect a few more will come onto the market now that Spring is just around the corner. I suppose the true value is whatever the buyer and seller can agree on at the time but I would be a little wary of any around the £12k mark as they might need a lot of work done, but for a handy diy mechanic even one of them could be a bargain.

 

[Lazzzydog]

Bump.

 

[DanZ3]

Lovely looking car. Prices are hit hard right now and I know my offer wouldn't be sufficient. Would be worth keeping to ride out the current market uncertainty.

 

[Lazzzydog]

If you are interested try your offer Dan. I will not take offence and the worst I can do is say no. Send it in a pm if you prefer to keep it private.

 

[Tilly]

Just to let you know my experience. I sold my M roadster just over two years ago. It had 98000 miles and a full service history and every invoice since new. I owned it for over 17 years. I gave it to two well known garages to sell and after almost a year I received £5000. The garage sold it for just over £8000. In my opinion if you look at the auction prices you get a far better estimate on what the market will actually pay. At a recent auction( march 2020) a 1998 car with full service history failed to sell at an estimate of £11-13,000.

 

[Lazzzydog]

Wow! Sorry to hear that but I can’t help feeling you should have kept it and advertised it yourself. A tidy M is worth way more than the 5k you received. Where did the other 3k go? Even at 8k it sounds like somebody got a bargain. My wife would give hers to one of our kids before it got sold for so little.

 

[Tilly]

Wow! Sorry to hear that but I can’t help feeling you should have kept it and advertised it yourself. A tidy M is worth way more than the 5k you received. Where did the other 3k go? Even at 8k it sounds like somebody got a bargain. My wife would give hers to one of our kids before it got sold for so little.

Here is the whole story:
https://www.zroadster.org/threads/old-age-catching-up.20930/

 

[Dino D]

Just to let you know my experience. I sold my M roadster just over two years ago. It had 98000 miles and a full service history and every invoice since new. I owned it for over 17 years. I gave it to two well known garages to sell and after almost a year I received £5000. The garage sold it for just over £8000. In my opinion if you look at the auction prices you get a far better estimate on what the market will actually pay. At a recent auction( march 2020) a 1998 car with full service history failed to sell at an estimate of £11-13,000.

Auction has no come back and no test drive so prices are different.

Your car was left had drive - worth less in the UK but you clearly got a raw deal - as you said it sold within hours at 8k so obviously underpriced.

however it has no bearing on decent private sale - all you seem to be trying to do is talk down another’s price because you had a raw deal on yours?

 

[Lazzzydog]

I have read through the thread about the disastrous sale price achieved for your M Tilly and I cannot hep but feel that you were the architect of your own downfall. I may be wide of the mark but my take on it is that being left hand drive the dealers tried advertising it abroad where it was more relevant, but being a very early car they asked silly money by playing on it’s implied historical importance. No enthusiast would pay the inflated price and no collector would either because it wasn’t collector condition. After nearly 12 months you probably asked for the car back but the garage claimed to have racked up massive expenses trying to sell it and basically wanted an arm and a leg just to give it back to you. The car was becoming a liability instead of an asset and was now a distress sale so you did what you should have done in the first place and sold it yourself via contacts on this forum. The garage then robbed you of 3k in commission and storage fees for a sale that you arranged yourself.
Can I be the first to offer 5k for the Porsche when it comes up for sale.

 

[Nodzed]

Its without doubt the prices of Ms have fallen, the dealer bandwagons have fizzled out and that's a good thing. But the evaluation of an M is no different to the evaluation of any other Z3. Its either a good car or its not, and the price would be reflected as such. A really good 3.0 will be worth more than a poor one, for Ms its the same. Now throw into the mix a buyers perception of a good car, mine will be different from others and so on. Some buyers are only interested in low mileage and are blinkered to other areas and would deem a higher mileage model worth less, although a lower mileage car may need thousands spent, some it's just about history and can also be blinkered etc etc etc. Though there are general guide prices (which also vary) a car is only worth what a buyer will pay regardless of the owners interpretation of its value.

 

[pgunter]

Seen some crazy prices for low mileage cars of recent. The issue will be that most of the rubber will have gone hard and perish when you get it on the road. A good car is a well looked after and driven vehicle. Good service history and an owner who loves the vehicle.

How many can say on here they have put so much into the car that they would never get the money back. I can say that for one. Mine is owned and maintained to be used.

So as Niall said, a low mileage is not always a good car and it’s only worth what someone is willing to pay for it. The low mileage Z3m’s at auction had little or no history. Hence the ‘punt’ at the prices. They could be buying an absolute pig. The ones with history went for 12k upwards.

 

[Tilly]

Auction has no come back and no test drive so prices are different.

Your car was left had drive - worth less in the UK but you clearly got a raw deal - as you said it sold within hours at 8k so obviously underpriced.

however it has no bearing on decent private sale - all you seem to be trying to do is talk down another’s price because you had a raw deal on yours?

Those are the facts, interpret them as you wish.

 

[Tilly]

I have read through the thread about the disastrous sale price achieved for your M Tilly and I cannot hep but feel that you were the architect of your own downfall. I may be wide of the mark but my take on it is that being left hand drive the dealers tried advertising it abroad where it was more relevant, but being a very early car they asked silly money by playing on it’s implied historical importance. No enthusiast would pay the inflated price and no collector would either because it wasn’t collector condition. After nearly 12 months you probably asked for the car back but the garage claimed to have racked up massive expenses trying to sell it and basically wanted an arm and a leg just to give it back to you. The car was becoming a liability instead of an asset and was now a distress sale so you did what you should have done in the first place and sold it yourself via contacts on this forum. The garage then robbed you of 3k in commission and storage fees for a sale that you arranged yourself.
Can I be the first to offer 5k for the Porsche when it comes up for sale.

Actually after two years and knowing the car has gone to a good home I don't feel upset. The car was advertised extensively both here and abroad. Firstly by one garage and then by another. Lots of talk but no sale. In the end I just wanted to move on. If I had spent much more time and effort I could have got some more money. However I judged with my family's support that it was just not worth it. The second garage actually sold the car but then the sale fell through. At that point I acted and arranged for a forum member to have a crack. I enjoyed my time with the car and despite the general consensus that I was ripped off those are the facts. As for the Porsche, by the time I finish with it, it will be a little more than £5000 but I will still lose money. I wish you luck with your sale and as people say the car is worth what somebody is willing to pay.

 

[mrscalex]

@lazzydog your car looks like a nice one to me. The fact it hasn't sold yet is no real reflection. The market is very slow currently. Much that people's views are interesting I probably wouldn't want all this baggage on the thread if I was selling a car.

 

[Nodzed]

@lazzydog your car looks like a nice one to me. The fact it hasn't sold yet is no real reflection

Your are correct Rob. It is a lovely car.

 

[Lazzzydog]

I agree with you Rob that a for sale thread probably isn’t the place for this but it’s interesting all the same. I only put it on here to test the water and at the moment it seems to be extremely cold!
PS. Those Scalextric cars are still for sale, cheap to a good home.

Thanks for the kind comment Niall. The car is tucked up in the garage sorned at the moment until we get the all clear again.

 

[mrscalex]

I agree with you Rob that a for sale thread probably isn’t the place for this but it’s interesting all the same. I only put it on here to test the water and at the moment it seems to be extremely cold!
PS. Those Scalextric cars are still for sale, cheap to a good home.

Thanks for the kind comment Niall. The car is tucked up in the garage sorned at the moment until we get the all clear again.

Aahh! I'm going to sort that right now as I'm moving back into Scalextric mode after spending most of the lockdown so far on DIY and Z3s!

 

[Z Victor 1]

The market for most things at the moment is flat Tony so I would hang on until things pick up if you're not desperate to move it on. It's far too good to let it go at a low price. It certainly won't be losing value.

 

[Lazzzydog]

Cheers Ken. The way I see it the market could go either way in the next couple of years. Worst case scenario is we keep on having a Z3M to play around in which is a pleasure and a priveledge denied to most.

 

[petecossie]

I agree with you Rob that a for sale thread probably isn’t the place for this but it’s interesting all the same. I only put it on here to test the water and at the moment it seems to be extremely cold!
PS. Those Scalextric cars are still for sale, cheap to a good home.

Thanks for the kind comment Niall. The car is tucked up in the garage sorned at the moment until we get the all clear again.

I must of missed the reference to Scaletrix cars as after doing some sorting out in the loft we found the track & controllers for my son’s old set (he’s 40 now) but no cars. There are two Porsches missing somewhere. So after a couple of cars so we can set it up for my grandsons after lockdown over.