E39 M5 prices on the rise ?

[Kananga]

I had bought this car for £9k from the same dealer last year: http://www.approved.bmw.co.uk/bmwuk/bmwauc/details...

I rejected the car after it had been delivered (happy to provide feedback if anyone is interested) but just noticed it is being re-advertised £6k higher !

Impressive!

[gaz1234]

interesting... yes divulge.

[Stevie750iL]

Not sure, even after any faults remedied,it's worth that kind of money! Seems excessive to me. Not even ultra low mileage. Lovely colour leather though. I have an E46 330Ci Sport with same colour combo.

[Hair Flick]

Its hard to understand why miles would play a part if the car is perfect or in very good condition. 50k over 11 years is a really tiny amount. But that car doesn't appear to have many options fitted, what was the score? I paid less for an AUC car recently that was fully spec'd but with 30k extra on the clock.

[solidlad84]

From what i've noticed (of the e39s as well as e46s) a lot of traders seem to be proactively picking up the good examples of M cars and non Ms alike, and then waiting however long it takes to get the inflated price since there isn't many other examples to choose from. Compared to 6 months ago anyway there is definitely a lot more being sold by traders than privately. This gives the impression they are rising but IMO they do still have a fair amount to depreciate yet.

[Babw]

solidlad84 said:

From what i've noticed (of the e39s as well as e46s) a lot of traders seem to be proactively picking up the good examples of M cars and non Ms alike, and then waiting however long it takes to get the inflated price since there isn't many other examples to choose from. Compared to 6 months ago anyway there is definitely a lot more being sold by traders than privately. This gives the impression they are rising but IMO they do still have a fair amount to depreciate yet.

I think purely due to the fact so many E46's are modified and owned by "enthusiasts" who really are enthusiastic about making it look like a CSL or whatever, the good clean unmodified cars with a good history are definitely appreciating.

I agree though, until the E92's fall into the price bracket of these enthusiasts, the cars doing the rounds in these circles still have more to depreciate.

[_Nathan_]

Hair Flick said:

that car doesn't appear to have many options fitted

It has Heritage leather (£6k) and sat nav. What else do you want ?!

[tjk123]

_Nathan_ said:

It has Heritage leather (£6k) and sat nav. What else do you want ?!

Was Heritage leather really a £6k option. That sounds like a shed-load for slightly different looking leather.

In terms of other options it says it has 'Press Preparation'. Ex-BMW press fleet??

[E30M3SE]

Kananga said:

I had bought this car for £9k from the same dealer last year: http://www.approved.bmw.co.uk/bmwuk/bmwauc/details...

I rejected the car after it had been delivered (happy to provide feedback if anyone is interested) but just noticed it is being re-advertised £6k higher !

Impressive!

Spill the beans.

[Hair Flick]

6k for BMW's take on leather?!

[Kananga]

If anyone is interested in specifics, pls drop me a pm. Nothing earth shattering, but combination of issues meant that I wasn't happy to accept it.

[Johnb850]

Kananga said:

I had bought this car for £9k from the same dealer last year: http://www.approved.bmw.co.uk/bmwuk/bmwauc/details...

I rejected the car after it had been delivered (happy to provide feedback if anyone is interested) but just noticed it is being re-advertised £6k higher !

Impressive!

I think they are trying to re-coup some of the cost of getting it ready for sale.

A friend of mine test drove it before xmas and it sounded like a good car.

[Hair Flick]

Indeed to get approved onto AUC it can cost a few grand just to get it to spec

[isaldiri]

That car has a big history gap though. I made an enquiry about it when it came up on the BMW website for a few weeks earlier in the year and that length of history gap unfortunately made it a no go for me. I do wonder how BMW even accepted that car with that history gap as an approved used car to be honest.

[E30M3SE]

Mileage or time gap or both?

[isaldiri]

E30M3SE said:

Mileage or time gap or both?

Time gap. Between 2006-2011 had no recorded servicing or trip to any BMW workshop if I recall correctly. Mileage went from approx 30k to 48k in that time period.

[Hair Flick]

So in that time you think its been to Toni and Guy's?

[adamsdr]

picking this up next week so hoping it wasn't too over-priced.....

http://www.munichlegends.co.uk/component/option,co...

[isaldiri]

adamsdr said:

picking this up next week so hoping it wasn't too over-priced.....

http://www.munichlegends.co.uk/component/option,co...

Congrats, that is a lovely car. I had a good look at it some time ago and thought it was all round in excellent condition.

[Hair Flick]

adamsdr said:

picking this up next week so hoping it wasn't too over-priced.....

http://www.munichlegends.co.uk/component/option,co...

its only overpriced if it was more than you were willing to pay for it (you bought it so it wasnt) and when some internet/pub expert recons its only worth 5k because he's seen one on Ebay for that much