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BMW Z8 Values Are Officially Insane


Here’s something you might not have realized: The BMW Z8 is worth a ton of money. While other early-2000s BMW models have depreciated quickly, like the used vehicles they are, the Z8 hasn’t. In fact, it’s done the opposite. The Z8 is a 14-year-old BMW that has gained in value. Remember how you couldn’t afford a BMW Z8 back when it was new? Yeah, well, you still can’t.

Here’s the situation. When the BMW Z8 came out in 2000, we all thought it was really cool, and really special, because it was BMW’s supercar. It also cost $129,000 with shipping (before options), so it was a little out of everyone’s price range. After all, this was a time when BMW’s other roadster, the Z3, started at just $32,300 with shipping. So those of us who like used cars figured we’d wait a few years, and then this beautiful specimen would be ours at something close to $50,000. See the BMW Z8 models for sale near you

Well, that never happened.

Instead, the opposite happened: Rather than dropping in price like all other expensive German cars, the Z8 has dramatically appreciated — to the point where these things now routinely list for well over $200,000. In fact, the cheapest one currently listed on Autotrader is offered for about $165,000, which means the Z8 has roughly kept pace with inflation. As you probably know, that 2000 BMW Z3 I discussed earlier is worth about five grand now.

So how did the Z8 do so well on the used market? One reason is, of course, its beautiful styling. Effectively a modern take on the gorgeous BMW 507, the Z8 is arguably the most beautiful car of the last 20 years — a vehicle that dabbles in “retro,” and dabbles in “futuristic,” and somehow manages to look good doing both.

Rarity is also a factor. From 2000 to 2003, BMW only manufactured about 5,700 Z8 models for the entire world, and sent just 2,500-ish to the United States. And then there are the car’s other desirable traits: The fact that all Z8 models (except the rare Alpina version) used a manual transmission, in a world where stick-shift exotics are all shooting up in value — and the fact that the Z8 offers a big, muscular V8 borrowed from the M5.

So the Z8 never had that little waiting period where it depreciated to a price that mortals could afford. Instead, it just went up, and up, and up — and now its values are, officially, insane. Find a BMW Z8 for sale

Doug DeMuro is an automotive journalist who has written for many online and magazine publications. He once owned a Nissan Cube and a Ferrari 360 Modena. At the same time.

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Doug Demuro
Doug DeMuro writes articles and makes videos, mainly about cars. Doug was born in Denver, Colorado, and received an economics degree from Emory University in Atlanta. After graduation, Doug spent three years working for Porsche Cars North America. Eventually, he quit his job to become a writer, largely because it meant that he no longer had to wear pants. Doug’s work has been featured in a... Read More about Doug Demuro

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27 COMMENTS

  1. These cars are still undervalued.  You can’t really appreciate these cars in pictures. Only when you really get up close, and in particular in silver, can you really appreciate the lines and curves. It truly is arguably the best sculpted car in decades.  The interior is spectacular when you are actually sitting in the car and closing the door has a very special feel, a bit like closing the door of an E-type roadster but far more solid feeling.  This is a car that has styling that harkens back to a the 507 but also the AC Cobra.  Yet it has modern performance and reliability.  Unlike any exotic sports car I know, it also has a huge and usable trunk which is great for getaway road trips.  Its drivetrain is BMW M5 so its reliable and not crazy expensive to service.  This really is the best all around car for the money in terms of style, build quality, drivability, usability, etc.

  2. In my search for a Z8 I quickly realized that my color preferences correlated perfectly with the prices. Topaz over cream seemed to be most rare and highest priced. Black and red with red/black interior were next on the list. Silver over black are least cost and most prevalent.

    Naturally low miles made a difference too. I also found that too many cars do not have the original phone, factory book or hard top stand. This was amazing to me. 
    I did find and buy a black over red/black and it is a fantastic car to look at and drive. 
  3. Thank goodness somebody corrected the in accuracy of this article. While I like this car and always have, they couldn’t give them away for a while and they could be had in the 70-80 range. It did not go up and up and up. The only car to never go below sticker price is the Ford GT. And that car I was waiting for it to drop and never got one.

    • WRONG.  It’s ridiculous to say that “they couldn’t give them away for a while”, or for any period of time, for that matter.  Every car ever made was sold for sticker price or better at least a year before it was built.  I waited nearly 2 years from order to delivery and was lucky to have a dealer that won’t mark-up list price, because they could have.  They were originally allocated 12 cars, and had a wait list of 20 people ready to pay a list price that all knew would be well into the 6 digits.  I was offered $25K buy a 3rd party waiting at the dealer on the day my 2001 Z8 was delivered.  

      By the time the last of the 2003 cars were being delivered, I was offered $150K for my used car by the BMW dealer that sold it to me for $132,540.  That’s after 3 years of ownership and 20K miles.  The car had JD Powers best all time retained value record at the 5 year mark.  
      Now, at 17+ years and 50K miles, mine is worth about $170K – $190.  In the early 2000s I joined both the US Z8 Club and the International Z8 Club, and have personally met literally hundreds of owners around the world, including BMW people from Munich.  I also helped a reverse-importer get US cars to take back to the Euro market.  Lots of them.  Only a wreck ever dipped below 100K, and that was Euros.  They all traded upward, every step of the way.  
      This car is well on the way to being the next 507 or M1 or E30M3.  And by the way – you are also wrong about the Ford GT.  Mine was delivered right before the entire fleet was recalled by Ford for hairline fractures in the suspension A-arms, and brand new cars that had hardly been driven at all dropped to below list price for quite a while.

      BTW:  The Z8 is the only car that has been pictured on the cover of Business Week – twice!

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