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What is a fair market price for a 1998 BMW 728i?

What is a fair market price for a 1998 BMW 728i which has done 50,000 miles with one driver? I see prices vary from £500 to several thousand pounds.

Asked on 19 August 2019 by THOMAS COHEN

Answered by Keith Moody
E38 models do struggle to appreciate in value, I'm afraid. Many buyers are put off by how big, complicated, thirsty and expensive the car is to maintain - but as a classic proposition (or at least a car that won't cover many miles) there is a case to be made for them. Consequently, an example that's in need of some TLC can go for well under a grand while we've seen one-owner cars with FSH and more miles than yours go through auctions for £4k. Ultimately, a car is only worth what someone wants to pay for it - but it sounds like your example should be at the higher end of the spectrum. If you're in no rush to move it on, ask for £2500 to £3500 and wait it out.
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