UweM3 wrote:My mates 840 was a PRISTINE example, every thing working, fully dealer maintained from new. And just that very dealer offered 3.5k partex for a new 7 series. Bought for 20k two years eralier.
10k? You must be joking
I beg to differ, a car is worth what someone is willing to pay for it, within reason. A good, clean, late 90's 4.4 840Ci is worth 10k. A main BMW dealer is going to have little to no interest in buying a 10 year old car of any variety, even as a trade in against the most expensive model. They are pretty unlikely to put it on the forecourt - it'll just go to auction where it could go for anything between that 3.5k and it's book value (or possibly more) on the day.
If you look at the 8's below £5k, almost all of them are shabby 850i's or early 4.0 840Ci's. It's a similar situation with 635CSi's (and the occasional M635CSi) - and with Porsche 928's. A shabby one is fairly cheap - and probably not worth repairing.
I always thought the 850Ci indicated the 5.4 engine (the 5.0 being the 850i) , but, I'm now not so sure having had a trawl about. The 840Ci is a relatively rare car - 7000 sold world-wide (4000 4.0's, 3000 4.4's), and the 5.4 850Ci and CSi are both around the 1500 mark each, compare that with the 5.0 850i / 850Ci with 20000.
I don't think their values will drop much more for a good one - certainly the 6 series values have picked up, as have 928's, and as the crappy examples die, I can forsee some people buying 8's to keep. They are a very good GT car, not the sports car the E24 was, but, the last of the relatively easy to work on large BMW coupes. The current 6 seems to have turned people off a bit with it's weight, looks and price. Even the relatively unloved when new Z8 seems to be rocketing up in values - they could hardly sell them when new and now they seem to be going for what they were new. Pity I turned one down for £30k last year - the same car sold for £80k a few weeks ago...