Selling your classic car? It's FREE to list your car on Honest John Classics | No thanks

How much should I pay for a BMW Z3M restoration project?

What do you think is a fair price for a 2002 BMW Z3M with 126,000 miles on the clock? It has not been MoT'd since 2016 and it's a bit rough cosmetically but I have no idea how it is mechanically. The seller has left it standing undercover for four years. I'm looking for a project but don't want to spend a fortune on the restoration.

Asked on 17 August 2021 by Sleem

Answered by Andrew Brady
The BMW Z3M has a strong following and even rough examples make strong money. A useable one will cost around £15,000 – while a good example from a specialist dealer could be twice that. Don't underestimate the costs involved in reconditioning an example that's been off the road for four years. Depending on its condition, I wouldn't want to pay any more than £7000.
Similar questions
I have a 2013 Jaguar XKR (34,000 miles - out of warranty) and am considering changing to a 2013 BMW M6 convertible. Which car has the longer term "classic" potential?
I have seen a Ford Puma for sale. The car is a 2000 model with a 1.7 petrol engine with 46,000 miles on the clock. The seller wants £750, which seems quite cheap. Do you think this is a good buy? Is there...
I am nearing retirement and would like a reliable and economical soft top. The Mazda MX5 just seems too popular, I like the idea of a MK1 or MK2 Volkswagen Golf, but rust scares seem to be rife. Living...

Compare classic car insurance quotes and buy online. A friendly service offering access to a range of policies and benefits.

Get a quote