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Seems high. Here's why: (archive)
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Posted by Trex on March 19, 2001 at 08:25:45:

In Reply to: Got a shot at a 98 Z3 2.8 -- 29K posted by David Lyons on March 18, 2001 at 17:43:19:

It is probably an off lease model. My 1998 2.8L is off lease on 6/13/01. It currently has 24,000 miles on it and the purchase value on 6/13/01 will be about $25,500.The mileage seems high for the price.

BTW, as time goes on, I will post an up-date on this car. If you are in the Philadelphia area, you might consider buying it. You can buy it for whatever the residual value is, as I said it is around $25.5K. I am not looking to make a penny on the deal. It should find a nice home.This has been the very best car I have ever owned and it has had no problems. I'm not buying it because I am going to wait for the new Z in 2002.

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