The short answer
Based on available data, the Mercedes-Benz SLK comes out ahead of the BMW Z4 on fuel economy and power. Check the specs table and owner sentiment below for the full comparison before deciding between the two. Both are covered by real owner reports on CarWizz.
Overall
Sentiment is highly dependent on the specific generation and powertrain. For the current generation (G29), the Z4 M40i variant receives extremely positive feedback from owners, described as "insanely good," "stupid fast," "incredible power," "balanced," and "the best car I've ever owned." It is praised for its fun factor, driving dynamics, and value proposition, particularly when equipped with a manual transmission. The base 30i variant is considered competent but less memorable, with some reviewers labeling it "forgettable." The previous E89 generation (2009-2016) is viewed more as a comfortable grand tourer or "Palm Beach cruiser," with criticism for feeling heavy and sluggish.
Best version to buy
For the current generation (G29), the Z4 M40i is overwhelmingly recommended as the definitive version. Owners emphasize that the high-output B58 engine transforms the experience, making it "exceptional" and a "real weapon," whereas the lower-powered 30i variant does not leave the same impression.
Known issues
Overall
Sentiment is mixed and heavily dependent on generation, specific engine, and ownership expectations. For the earliest R170 generation (1997-2004), owners report these as surprisingly reliable and robust budget-friendly classic convertibles when purchased cheaply (e.g., £1,000 GBP / ~$1,260 USD), praised for their bulletproof engines, comfortable heated seats, and effective "Airscarf" neck heating system. The hardtop convertible mechanism is generally seen as a durable asset, though its seals require regular lubrication.
Best version to buy
Insufficient owner data available to declare a definitive "best" version. Isolated positive remarks exist for the R170 for its simplicity and value, and for the R172 SLK55 AMG for its powerful V8 engine.
Known issues
The verdict
The Mercedes-Benz SLK is the better choice for most buyers.
It has stronger reliability sentiment in owner reports than the BMW Z4, based on the data above. If the specific known issues on the Mercedes-Benz SLK are a dealbreaker, the BMW Z4 is worth a closer look instead.
Other comparisons
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Which is more reliable, the BMW Z4 or the Mercedes-Benz SLK?
Owner reports lean more positive on reliability for the Mercedes-Benz SLK than the BMW Z4. See the known issues comparison above for the specific concerns owners report on each.
Which is better for families, the BMW Z4 or the Mercedes-Benz SLK?
Data on family-specific factors like cargo space is limited for one or both models, but based on available reports, both are positioned as practical daily drivers. Check the specs table above for seating and body type.
Which has better fuel economy, the BMW Z4 or the Mercedes-Benz SLK?
The Mercedes-Benz SLK is more fuel-efficient on paper: 8.4 L/100km combined versus 9.4 L/100km for the BMW Z4, based on the best-equipped catalogued version of each.
Which is cheaper to maintain, the BMW Z4 or the Mercedes-Benz SLK?
Exact maintenance costs aren't in our data, but owner reports mention cost-related concerns more often for the Mercedes-Benz SLK than the BMW Z4. See the known issues comparison above.