How Much is a BMW Convertible? Pricing & More
So you have your heart set on a BMW convertible. The sleek styling and open-top driving experience seem well worth the price. But how much is a BMW convertible exactly?
BMW offers several convertible and roadster models spanning a wide range of prices. The cost of a new BMW convertible starts around $50,000 and soars past $150,000 for the high-performance trims.
Even pre-owned BMW convertibles vary greatly in price depending on age, mileage, condition and included features.
Read on as we break down BMW convertible pricing across both new and used car markets. Whether you’re curious about the BMW Z4, 4 Series or 8 Series convertibles, you’ll have a clear picture of budget and expectations by the end.
New BMW Convertible Pricing
Three main BMW convertible models are currently available brand new – the 4 Series, 8 Series and Z4 roadster. Costs range significantly for both base models and high-performance variants.
2024 BMW 4 Series Convertible Pricing
The sporty BMW 4 Series convertible carries the lowest starting MSRP amongst new BMW drop-tops at $48,300. Opting for the six-cylinder 440i or 440i xDrive bumps the base MSRP closer to $60k.
At the very top, the high-octane M4 Competition xDrive convertible commands an MSRP starting point of $93,300. With some factory options added, that’s nearing supercar territory!
Key Details on 2024 BMW 4 Series Convertible Pricing:
- Base 430i RWD: $48,300
- 440i RWD: $60,100
- M440i xDrive: $69,150
- M4 Competition xDrive: $93,300
Expect to pay thousands above sticker price if purchasing the coveted M4 convertible. Inventory is extremely limited as well. Those fine with ‘just’ the 430i can likely negotiate the dealer down a few thousand.
So the latest 4 Series BMW convertible cost spans about $45k to $100k depending on performance aspirations and negotiated price.
2024 BMW 8 Series Convertible MSRP
As BMW’s flagship luxury drop-top, the 2024 BMW 8 Series convertible commands a lofty starting price of $100,500 for the base 840i.
The mighty M8 Competition convertible then tops the range at a cool $148,800 MSRP. And that’s before tackling the options list of add-ons.
Clearly the latest 8 Series convertible plays in rarefied pricing air. Even certified pre-owned examples only knock the cost down so much.
Key 2024 BMW 8 Series Convertible Prices:
- 840i RWD: $100,500
- M850i xDrive: $121,400
- M8 Competition: $148,800
Those fine with a coupe can save around $10k. But the 8 Series convertible makes quite the luxurious statement for BMW fans seeking the ultimate open-air grand tourer.
2024 BMW Z4 MSRP
Slotting below the 4 and 8 Series convertibles is the BMW Z4 roadster. This agile two-seat drop-top evokes BMW’s sports car heritage at a somewhat more attainable price point.
The 2024 Z4 sDrive30i starts at $53,600 while the up-powered Z4 M40i bumps to $66,300. So even the ‘entry-level’ Z4 will set you back over $50k. But that still places it as one of the most affordable new BMW convertibles for sale.
Let’s explore further how pricing plays out across both new and used BMW convertible models:
Used BMW Convertible Prices
The wide span of new BMW convertible prices becomes even broader in the used market. Condition, mileage, year and included features all heavily sway resale value.
Used BMW 4 Series Convertible Prices
As the most affordable new BMW convertible, used 4 Series models see great demand. Data from 2022 shows average paid prices ranging from:
- 430i RWD – $36,726
- 440i xDrive – $69,193
Those figures will certainly slide moving to older model years with more mileage. Expect at least 20% depreciation over the first 3 years.
Yet well-kept BMW 4 Series convertibles hold value rather well. And certified pre-owned (CPO) examples come with extended warranty coverage for added peace of mind.
Used BMW Z4 Roadster Pricing
The zippy Z4 roadster sees comparable resale pricing to the 4 Series. Here’s a look at recorded average paid prices on used BMW Z4 convertibles:
- 2022 Z4 sDrive30i – $40,516
- 2022 Z4 M40i – $51,444
As with the 4 Series, expect at least 20% depreciation over the first couple years. But the Z4 enjoys an enthusiastic owner base, which bodes well for resale value. Certified pre-owned are often the way to go.
Used BMW 8 Series Convertible Value
At the top of the BMW convertible spectrum, it’s harder to pinpoint a clear used 8 Series pricing range. Very limited sales data is available thus far.
Expect a new MSRP above $100k to translate to an average used sale price around $75-$85k after several years. And subsequent depreciation will show no mercy on those heady original MSRPs.
Yet for some, nothing less will do than a pre-owned 8 Series BMW convertible. Just be prepared to pay the premium such luxury commands.
What Impacts BMW Convertible Prices?
We’ve explored both new and used pricing ranges across the BMW Z4, 4 Series and 8 Series convertibles. But what specific factors determine where any individual model may fall on that spectrum?
Model Year & Generation
Each model year typically ushers in a very minor changes – new color or wheel options, additional standard features etc. More significant jumps come with generation changes, which occur every 4-7 model years. These encompass more drastic styling, interior and mechanical upgrades.
As such, purchasing the final model year of an outgoing generation, just before the full redesign hits, can yield the best bang for the buck. You score similar styling and features to the latest and greatest but at a nice discount.
Mileage & Condition
This one may seem obvious but Mileage and overall condition remain paramount to locking in the best BMW convertible deal.
Average yearly mileage tends to run around 12k-15k. Anything below that will command stronger resale value. Meanwhile models with accident history or excessive wear & tear get avoided.
Sticking with certified pre-owned BMW convertibles checks off both boxes – limited mileage and passed inspection guaranteeing quality condition.
Performance & Features
The full gamut of performance and features has huge bearing on BMW convertible prices. Is yours the base 230 hp 4 cylinder or mighty 503 hp twin-turbo V8? Do you have heated seats or massaging front seats with neck warmers?
Luxury and performance come at a cost. And BMW convertibles span that spectrum more than almost any vehicle type. The M models in particular carry quite the premium – often upwards of 25% more than their ‘lesser’ counterparts.
Location, Taxes & Fees
Dealership pricing on both new and used BMW convertibles may swing over $1,000 based on zip code alone. Certain regions face higher market demand that allows retailers to ask top dollar. Plus state and local taxes vary significantly.
When evaluating any advertised price, calculating out taxes and DMV fees paints a clearer total cost picture. Some dealerships advertise prices pre-tax, so double check the fine print.
Getting the Best Price on a BMW Convertible
Armed with insight on pricing nuances and typical ranges, what strategies can ensure you land the best BMW convertible deal?
shopping Strategies
The internet has been a game changer for upfront pricing knowledge before ever visiting a dealership. Sites like Edmunds track the invoice price, factory incentives, average paid and more based on zip code. This gives you an informed starting position heading into any negotiation.
It’s also smart shopping strategy to consider timing. Late summer tends to usher in clearance sales as dealerships get next year’s inventory. Off-loading older stock with incentives yields discounts for savvy buyers.
And don’t underestimate the power of a simple email quote. Email 5-10 local dealers for their best out-the-door quotes on a desired model. No need to haggle in person yet. Just use the lowest bid to start your bargaining position.
Negotiation Tactics
Once you enter the back and forth with the dealership, employing proven negotiation tactics will seal an even better discount.
Come armed with competitive quotes you’ve received as justification for why the salesperson should match or beat that pricing. Be serious but fair – a ridiculously low figure screams naivety.
And don’t let special financing offers distract from the sale price itself. That 1.9% interest over 5 years seems great until realizing you overpaid by thousands on the car itself!
Lastly, don’t hesitate to walk away if you aren’t satisfied. Sometimes re-engaging another sales rep yields an immediate bid closer to your target. Just staying disciplined until the numbers make sense.
The Takeaway
Figuring how much is a BMW convertible spans a vast range depending on make, model, year and features. But a new BMW convertible begins around $50k, while pre-owned examples hit the market at least 20% below original MSRP.
Remember to leverage online research and timing strategies to negotiate the best possible deal. Stretching up to your desired dollar figure always feels better knowing you maximized savings in the process.
So which BMW convertible has you dreaming and ready to shop around?
