2003 BMW Z8 Alpina

2dr Roadster

8-cyl. 4837cc/375hp MFI

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$204,000*

-1%
#4 Fair condition#4 Fair

Calculate the price

Please select all adjustments that have been made to your vehicle

Value Graph04/2407/2410/24$50k$100k$150k$200kJan 2025
Let us watch the market for you

We update the Hagerty Price Guide each quarter. Sign up for alerts and we'll notify you about value changes for the cars you love.

1999-2003 BMW Z8 (E52) stats
Highest sale
$420,500
Lowest sale
$86,900
Most recent sale
$367,880
Sales
102
insurance

Protect your 2003 BMW Z8 from the unexpected.

Better coverage built for classics at a price you can afford. Online quotes are fast and easy
More 2003 BMW Z8 Alpina values

Model overview

Model description

The BMW Z8 was made available to the public in 1999, two years after the Z07 concept car upon which it was built took rave reviews at the Tokyo Motor Show. The production version, designed by Henrik Fisker, was hailed as a modern interpretation of the company’s 507 of the late 1950s, with a similar front end and styling cues, and the car certainly lived up to that claim. Like its spiritual predecessor the two-seat convertible was a capable sports car, but also a refined gentleman’s express. Both cars had sleek and sinewy lines, without being extravagant.

The Z8 used the same 4.9-liter V-8 engine that was used in the M5. Using a DOHC and 32-valve setup to produce 394 hp, the engine gave the car swift acceleration and lots of top end speed. Period road tests showed the Z8 could sprint to 60 from a stop in less than the factory-reported time of 4.7 seconds, and the car could supposedly travel up to 170 mph if the electronically limited 155 mph was overcome. Underneath its hand-finished, alloy coachwork was an aluminum space frame. Four-wheel independent suspension, disc brakes on all corners, a balanced 50/50 weight distribution, and a six-speed manual transmission on the spec sheet all emphasized that the Z8 was built for driving, and the car was confident when pushed on twisty roads and quick through the straights.

The BMW Z8 was a driver’s car from the cockpit, too. Gauges and controls were minimal, and centrally placed to provide a better view of the road. Seats were comfortable yet sturdy, and the steering was confident.

Famed BMW tuner Alpina produced fewer than 200 Alpina Z8s, all with automatic transmission and a modified version of BMW’s 4.8-liter engine. Power output was slightly less (375 hp) but peaked at lower rpm, and torque was higher than the production model. The car also wore 20-inch wheels and had a rear spoiler. Production of all Z8s stopped in 2003 after 5,703 units left Munich – nearly half of which were destined for the U.S. market.

Today, the cars are recognized as one of BMW’s high points of the last several decades, and have achieved collectible status only 15 years after they bowed. Some cars have experienced problems with the engine’s variable valve timing units, and others have had cam sensor issues, but overall the cars have been fairly reliable. Most were not originally daily drivers, so seek out original owners when possible. Also, steer clear of cars with deferred maintenance, as repairs can be expensive when they do occur.

Find more values
Search for prices of other cars, trucks, vans and motorcycles
Classic car

Common Questions

The value of a 2003 BMW Z8 Alpina can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $204,000 for a 2003 BMW Z8 Alpina in good condition with average spec.

Many factors can increase a car's value including excellent condition, exceptional originality, a recent restoration, low mileage, unique provenance, desirable options, popular or unique color choices, and excellent maintenance records. Upgrades and modifications that enhance performance or aesthetics can also add value.

Factors that can decrease a car's value include unusually high mileage, poor maintenance history, visible wear and tear, accidents or damage, title issues, and gaps in ownership history. Additionally, less popular color choices and extensive modifications that don't appeal to a broad audience can reduce value.

Mileage plays a significant role in a classic car’s value. Lower mileage usually increases value because it indicates a higher degree of originality, is rarer, and suggests less wear and tear. However, cars with exceptionally low mileage may also have maintenance needs due to lack of use. Whether someone should pay more for a vehicle with lower miles will depend on how they plan on using it, and the vehicle's specific condition.

The value of modified cars differs widely based on the type and quality of modifications. While some modifications can significantly increase value, especially performance enhancements and high-quality custom work, others may not add much or could even detract from the car’s value if they appeal to only a limited audience.

All prices shown here are based on various data sources, as detailed in About Our Prices. The Hagerty Price Guide is for informational purposes only and is not intended as financial advice. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.com/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of The Hagerty Group LLC, ©2025 The Hagerty Group, LLC. All Rights Reserved. The Hagerty Group, LLC is a wholly owned subsidiary of Hagerty, Inc.