Dealer taking the p*ss

[Chessers]

I know that prices have dropped massively for the E46 M3's but was considering changing mine for a new shape M5 (55/06) plate so thought I would see what was on offer from the dealer.

Was astounded when he offered me £16k for my car which he seemed to feel was the best price I would get - even privately!

Would not budge at all even when I pointed out he had an 05 CAB on his forecourt for £28k with more miles as well.


Spec is:

04/54
M3 CAB in Titanium Silver
SMG
Hardtop
Full grey leather interior
12,600 miles with FBMWSH
11 months MOT
3 months Tax
Close to a years warranty left
Tracker fitted
Next service not for another 12,500 miles
Two new rear tyres (1,000 miles)
Refurbished calipers all round so no rust
Stainless hoses
Sat Nav (DVD)
TV
6 CD Changer
In car telephone module (if you have an Ericsson phone!)
Heated + electric memory seats
19" wheels (no marks at all)
Immaculate all round apart from few stone chips to bumper and bonnet (approx 10 - 15 in total)


Surely it must be worth more than that?????

[stone]

A friend part exed his last week against a new M3 cab. Similar spec and mileage to yours but 05 55 in Carbon Black. £23.5K

[Rags]

Its definitely worth at least 20 especially with the low miles and full spec.

Just look at Independant motor companies cars etc as a guide.

[stone]

buffly said:

Dealers are there to make money....

Of course they are!! But IMHO £16K does seem to be a low bid!

[Chessers]

f*ck me I know they are there to make money and that is more than fair.

However when you offer someone £16k for their car and you have an almost identical vehicle (6 months newer) but with more miles for £12k more than you have just offered Joe Bloggs off the street - now that is taking the piss.

It's just been serviced, so even if they spend £1k putting on new front tyres and touching up the stone chips it stands them in at £17k.

Pretty sure it would be on his forecourt for £25/£26k ish a few days later and that is a mark up of £8/9k or more importantly close to 50%.

[sohrob]

What car are you p/xing against? That price is very very low, as said £20k seems about right if its a franchsied dealer as they will have to stick a warranty on etc

[sleep envy]

rather than worry about the P/X cost I'd concentrate more on the cost to change

but in any case anything over 2.0l is taking a massive pasting ATM

[Slurms]

You may find that he bid you low because he doesn't want the PX

They might be struggling to shift the one they already have so don't want yours as a trade-in

[Olf]

I reckon he should have bid you between 19 and 20. Drop me a PM and I'll ask someone to help you get a price.

Edited by Olf on Tuesday 8th July 15:30

[nutcase]

Chessers said:

f*ck me I know they are there to make money and that is more than fair.

However when you offer someone £16k for their car and you have an almost identical vehicle (6 months newer) but with more miles for £12k more than you have just offered Joe Bloggs off the street - now that is taking the piss.

It's just been serviced, so even if they spend £1k putting on new front tyres and touching up the stone chips it stands them in at £17k.

Pretty sure it would be on his forecourt for £25/£26k ish a few days later and that is a mark up of £8/9k or more importantly close to 50%.

I have to agree with your comments here- everyone realises they need to make a margin- but I think that their bid is a fvcking joke. Was this some jumped-up oik at the dealership trying to impress his seniors if he managed to pull off the deal- or someone older who should know better?? To give you an idea- I asked for a bid on my E46 in Steel Grey, 19's, black leather 51' plate 70k miler and Guildford said 12k!

[Stevo///M3]

2 alternatives:
either I'll take it off your hands for £17k
or offer him £40k on the new car

[Chessers]

Ha ha, yes I should have said fine and I'll offer £39,995 for yours. My first thought was to headbutt him.

To be honest if he didn't want the car as PX (and he may well not have) he should have just said:

'They are not selling at the minute and I don't really want another one on the forecourt - sell it privately if you can and come back and we'll sort something out'

rather than

'Can I bend you over the railings and f*ck you up the rear whilst also charging you extortionate rates for servicing your butt'

[fridgemiester]

MOST MAIN DEALERS OPERATE ON A MINIMUM 5K PROFIT MARGIN BUT IN THIS CASE THEY ARE TAKING THE P***

[LittleBro]

I'd say thats a sign they dont want your car. I'd imagine they've had the other car stuck up them for a while and know that at £16k they'd move your car on all day long with profit.

I'd sell it privately if you can be bothered.

[Rags]

fridgemiester said:

MOST MAIN DEALERS OPERATE ON A MINIMUM 5K PROFIT MARGIN BUT IN THIS CASE THEY ARE TAKING THE P***

Is that really true?

[Deutscher]

He doesn't want the car, if he did, he'd bid £20k.

[paoloh]

Rags said:

fridgemiester said:

MOST MAIN DEALERS OPERATE ON A MINIMUM 5K PROFIT MARGIN BUT IN THIS CASE THEY ARE TAKING THE P***

Is that really true?

Yes!

[Deutscher]

Mind you, you can understand the dealers wanting to cover themselves when you see the way cars are shedding value. Look at this E92 M3 that's lost £2k per month since new!

http://www.pistonheads.com/sales/593789.htm

[paoloh]

Deutscher said:

Mind you, you can understand the dealers wanting to cover themselves when you see the way cars are shedding value. Look at this E92 M3 that's lost £2k per month since new!

http://www.pistonheads.com/sales/593789.htm

I am actually shaking as I write this but I actually agree with D.......... I am now off to have a shower, I feel dirty.

[Deutscher]

paoloh said:

I am now off to have a shower, I feel dirty.

Well, I'd call it more of a wash-down than a shower!

http://www.pistonheads.co.uk/gassing/profile.asp?h...