Discussion
I thought I had a solid idea of what my car was worth, just stuck my car in the classifieds for what I thought was fair value at £9500 but then looked at the spread high to low and it looks like it's hanging out the bottom for the mileage.
I don't want to wait around forever for an extra £500 but I also (obviously) don't want to undersell or put people off thinking there must be something wrong with it.
What is your opinion? 77k miles, v.tidy, black, manual (if you don't have time for the link)
Details of the car are here:
http://www.pistonheads.com/classifieds/used-cars/b...
I don't want to wait around forever for an extra £500 but I also (obviously) don't want to undersell or put people off thinking there must be something wrong with it.
What is your opinion? 77k miles, v.tidy, black, manual (if you don't have time for the link)
Details of the car are here:
http://www.pistonheads.com/classifieds/used-cars/b...
Don't want to put you off mate, but I have been looking for a while trying to find a late model E39 and most of the cars on here, fleabay and Autotrader have been there since last year.
So the question is, what are they actually selling for?
Another way to look at it is that nobody is really going to buy a big 5 litre V8 in this day and age unless they know exactly what they want, so if it is in genuinely good condition it might take a long time to sell but when it does it will go for the right price
So the question is, what are they actually selling for?
Another way to look at it is that nobody is really going to buy a big 5 litre V8 in this day and age unless they know exactly what they want, so if it is in genuinely good condition it might take a long time to sell but when it does it will go for the right price
Thanks for the compliments on the car 
She was a tempting one, that's how I ended up with her in the first place.
I 'could' keep financially but it doesn't solve that it's not the estate I actually needed for furniture lugging in the first place and isn't the right car to keep for a track toy either.. so doesn't really fit the bill for my needs. No regrets at all about buying it though
A year! Sounds like I chose well to advertise early before I was desperate.
Ok. Thanks for confirming it looks sensibly priced.
p s. Early car means £225 per year tax less than my neighbour's 1.6 Almera (much to his disgust
She was a tempting one, that's how I ended up with her in the first place. I 'could' keep financially but it doesn't solve that it's not the estate I actually needed for furniture lugging in the first place and isn't the right car to keep for a track toy either.. so doesn't really fit the bill for my needs. No regrets at all about buying it though
A year! Sounds like I chose well to advertise early before I was desperate.
Ok. Thanks for confirming it looks sensibly priced.
p s. Early car means £225 per year tax
less than my neighbour's 1.6 Almera (much to his disgustHi,
As per above, the market is smaller for these cars and those who are on the lookout for one all prefer facelift models, low miles (which yours has) very well maintained with documented and traceable history, perhaps the non two tone interior and things like the widescreen satnav with Mk4 GPS computer and a working TV tuner all for less than perhaps £8K. At the price level you have, it'd be expected as a facelift at least, impeccable history with evidence of all the major problems being done as preventative measures as the car isn't far off the major expenses usually incurred at around 100K miles.
Actual selling prices? - over on the BMW5 forum, a recent 2001 facelift in carbon black, with documentation of a LOT of work and preventative maintenence done, a decent specification as well sold for around the £5250 level perhaps 3 months ago - I met the new owner of it and he's very very happy. Other pre facelift cars have sold for less, of course needing more work, but not overly so.
There may well be a potential buyer out there willing to pay extra for a prefacelift at your mileage of 77K at near to your asking price, however I think your phone would ring and ring much more often at a substantially lower asking price!!
Good luck !
Cheers, Dennis!
As per above, the market is smaller for these cars and those who are on the lookout for one all prefer facelift models, low miles (which yours has) very well maintained with documented and traceable history, perhaps the non two tone interior and things like the widescreen satnav with Mk4 GPS computer and a working TV tuner all for less than perhaps £8K. At the price level you have, it'd be expected as a facelift at least, impeccable history with evidence of all the major problems being done as preventative measures as the car isn't far off the major expenses usually incurred at around 100K miles.
Actual selling prices? - over on the BMW5 forum, a recent 2001 facelift in carbon black, with documentation of a LOT of work and preventative maintenence done, a decent specification as well sold for around the £5250 level perhaps 3 months ago - I met the new owner of it and he's very very happy. Other pre facelift cars have sold for less, of course needing more work, but not overly so.
There may well be a potential buyer out there willing to pay extra for a prefacelift at your mileage of 77K at near to your asking price, however I think your phone would ring and ring much more often at a substantially lower asking price!!
Good luck !
Cheers, Dennis!
DennisCooper said:
Actual selling prices? - over on the BMW5 forum, a recent 2001 facelift in carbon black, with documentation of a LOT of work and preventative maintenence done, a decent specification as well sold for around the £5250 level perhaps 3 months ago - I met the new owner of it and he's very very happy. Other pre facelift cars have sold for less, of course needing more work, but not overly so.
DAMN! Thats very cheap! tjlazer said:
Certainly is. I honestly would not sell for that or even see the point in doing so. Name me anything at that price point that'll be as much fun. A new bathroom f
k off! E36 m3 swap for a track car...maybe
Deffo not, thats lower end pre facelift money. Kinda what I'm hoping to pay haha.k off! E36 m3 swap for a track car...maybeI dont have to buy bathrooms
. £5250 is really pretty low for something that's tip top with loads of preventative maintenance. Unless it was on big miles, which inevitably puts the ill-educated off. There's a couple of threads on here with people saying they've been looking for ages for a decent one - which makes it sound like there's a dearth of decent cars out there, so such a low price for a good'un seems odd.
144k miles on that facelift one that sold for £5175 and it was in Scotland. Keen pricing though.
http://forum.bmw5.co.uk/topic/79439-bmw-m5-carbon-...
http://forum.bmw5.co.uk/topic/79439-bmw-m5-carbon-...
EddieFelson said:
144k miles on that facelift one that sold for £5175 and it was in Scotland. Keen pricing though.
http://forum.bmw5.co.uk/topic/79439-bmw-m5-carbon-...
Hmmm thanks all. I'll see how it goes, maybe heed your advice if the phone stays quiet but there are always plenty of people on forums to tell you a car is priced too high. I was just checking it wasn't priced too low.http://forum.bmw5.co.uk/topic/79439-bmw-m5-carbon-...
I took the time to read this link but chrome ram air intakes and yellow stuff pads suggest it's probably not had the easiest 144k. I don't feel particularly worried that it sold for low money, I'm sure a great deal for someone at that money but after market wheels and blacked out windows with flashing blue lights isn't really my cup of tea and probably wouldn't attract the same buyer as my car. I also suspect a back to back drive would justify the difference.
I had mine up for sale for a while at £8,000. It was a facelift with 110k on it and practically every option
Nav, rear and side blinds, folding seats, towbar, Bluetooth and all the normal stuff. Carbon black with blue/black interior and I got not a single offer or phone call. I didn't even get stupid offers.
In the end I had to swap it for cash and another (knackered) M5 that I broke for parts.
I would say that if you want it sold in a relatively short time-frame, lower your price quite abit. If you are in no hurry then lower it a little and hold out.
Nav, rear and side blinds, folding seats, towbar, Bluetooth and all the normal stuff. Carbon black with blue/black interior and I got not a single offer or phone call. I didn't even get stupid offers.
In the end I had to swap it for cash and another (knackered) M5 that I broke for parts.
I would say that if you want it sold in a relatively short time-frame, lower your price quite abit. If you are in no hurry then lower it a little and hold out.
Edited by Cemesis on Sunday 16th June 22:56
Hi Nifty,
I can understand you wanting the price for your car - almost every car enthusiast thinks exactly the same way as you do - especially when the example has been looked after, has low miles for the year etc etc. The facelift that went for £5175 at 144K is indeed one of those cars where it was very very well looked after, drives fantastically and with the proverbial 'tight as a drum' type descriptors! I didn't see any flashing blue lights on the car - and the buyer was also a bit 'concerned' about the Rondell wheels and the dark windows. However, he now has a set of oem freshly shadow chrome powder coated style 65's that I sold him and the tinted windows are like the factory option for privacy glass so not as radically different as to put potential 'oem only' buyers off. As you can see from the thread, it still took a little time to sell as generally, the market for these cars is quite small but the new owner got a very very well maintained car for the levels of money 'most' on the forums will say must be a dog or knackered etc etc.
With your car and looking at your PH advert, I think those (including myself had I been in the market) would look at the advert, the description and then the price and then .. clicked onto the next one. I think you really need to describe plenty more about the car in order to try and get that person/buyer out there who may be prepared to give you the asking price you feel you deserve.
With the TV function, is it working? i.e does it have the oem hybrid analogue/Digital module? is it the older 4:3 monitor in the dash, or has it been upgraded to the widescreen one? is the GPS computer the Mk4 DVD based/faster processing verson in the boot? is it the oem BMW firmware phone that's included? how about the traffic management system - working? are there any more receipts for showing more preventative maintainence? how is the Vanos sounding for instance? are there any of the usual place rust spots forming? is it original paint all over? any leaks etc in the engine? and so forth..
Currently, with your last paragraph, it sounds as though you bought the car on a whim (as you wanted a diesel estate!)and then didn't fancy the running costs and thus you wish to sell it on - and there's many many examples of this type of thing occurring, which puts off many potential buyers. You've then asked the money for which a very tidy facelift car with similar miles and perhaps better spec will have and more useful information in it's advert.
That all said, you 'might' still get someone ringing up and talking to you about purchasing at your asking price !!
Cheers, Dennis!
I can understand you wanting the price for your car - almost every car enthusiast thinks exactly the same way as you do - especially when the example has been looked after, has low miles for the year etc etc. The facelift that went for £5175 at 144K is indeed one of those cars where it was very very well looked after, drives fantastically and with the proverbial 'tight as a drum' type descriptors! I didn't see any flashing blue lights on the car - and the buyer was also a bit 'concerned' about the Rondell wheels and the dark windows. However, he now has a set of oem freshly shadow chrome powder coated style 65's that I sold him and the tinted windows are like the factory option for privacy glass so not as radically different as to put potential 'oem only' buyers off. As you can see from the thread, it still took a little time to sell as generally, the market for these cars is quite small but the new owner got a very very well maintained car for the levels of money 'most' on the forums will say must be a dog or knackered etc etc.
With your car and looking at your PH advert, I think those (including myself had I been in the market) would look at the advert, the description and then the price and then .. clicked onto the next one. I think you really need to describe plenty more about the car in order to try and get that person/buyer out there who may be prepared to give you the asking price you feel you deserve.
With the TV function, is it working? i.e does it have the oem hybrid analogue/Digital module? is it the older 4:3 monitor in the dash, or has it been upgraded to the widescreen one? is the GPS computer the Mk4 DVD based/faster processing verson in the boot? is it the oem BMW firmware phone that's included? how about the traffic management system - working? are there any more receipts for showing more preventative maintainence? how is the Vanos sounding for instance? are there any of the usual place rust spots forming? is it original paint all over? any leaks etc in the engine? and so forth..
Currently, with your last paragraph, it sounds as though you bought the car on a whim (as you wanted a diesel estate!)and then didn't fancy the running costs and thus you wish to sell it on - and there's many many examples of this type of thing occurring, which puts off many potential buyers. You've then asked the money for which a very tidy facelift car with similar miles and perhaps better spec will have and more useful information in it's advert.
That all said, you 'might' still get someone ringing up and talking to you about purchasing at your asking price !!
Cheers, Dennis!
DennisCooper said:
Hi Nifty,
I can understand you wanting the price for your car - almost every car enthusiast thinks exactly the same way as you do - especially when the example has been looked after, has low miles for the year etc etc. The facelift that went for £5175 at 144K is indeed one of those cars where it was very very well looked after, drives fantastically and with the proverbial 'tight as a drum' type descriptors! I didn't see any flashing blue lights on the car - and the buyer was also a bit 'concerned' about the Rondell wheels and the dark windows. However, he now has a set of oem freshly shadow chrome powder coated style 65's that I sold him and the tinted windows are like the factory option for privacy glass so not as radically different as to put potential 'oem only' buyers off. As you can see from the thread, it still took a little time to sell as generally, the market for these cars is quite small but the new owner got a very very well maintained car for the levels of money 'most' on the forums will say must be a dog or knackered etc etc.
With your car and looking at your PH advert, I think those (including myself had I been in the market) would look at the advert, the description and then the price and then .. clicked onto the next one. I think you really need to describe plenty more about the car in order to try and get that person/buyer out there who may be prepared to give you the asking price you feel you deserve.
With the TV function, is it working? i.e does it have the oem hybrid analogue/Digital module? is it the older 4:3 monitor in the dash, or has it been upgraded to the widescreen one? is the GPS computer the Mk4 DVD based/faster processing verson in the boot? is it the oem BMW firmware phone that's included? how about the traffic management system - working? are there any more receipts for showing more preventative maintainence? how is the Vanos sounding for instance? are there any of the usual place rust spots forming? is it original paint all over? any leaks etc in the engine? and so forth..
Currently, with your last paragraph, it sounds as though you bought the car on a whim (as you wanted a diesel estate!)and then didn't fancy the running costs and thus you wish to sell it on - and there's many many examples of this type of thing occurring, which puts off many potential buyers. You've then asked the money for which a very tidy facelift car with similar miles and perhaps better spec will have and more useful information in it's advert.
That all said, you 'might' still get someone ringing up and talking to you about purchasing at your asking price !!
Cheers, Dennis!
With regards to the £5175 M5, i don't see that it was that much of a bargain the guy is replacing bits on it every week almost, waterpump started leaking then a few weeks after PAS pump knackered. I would say it was about the right price with the miles even though it had some preventitive engine maintenance done. I can understand you wanting the price for your car - almost every car enthusiast thinks exactly the same way as you do - especially when the example has been looked after, has low miles for the year etc etc. The facelift that went for £5175 at 144K is indeed one of those cars where it was very very well looked after, drives fantastically and with the proverbial 'tight as a drum' type descriptors! I didn't see any flashing blue lights on the car - and the buyer was also a bit 'concerned' about the Rondell wheels and the dark windows. However, he now has a set of oem freshly shadow chrome powder coated style 65's that I sold him and the tinted windows are like the factory option for privacy glass so not as radically different as to put potential 'oem only' buyers off. As you can see from the thread, it still took a little time to sell as generally, the market for these cars is quite small but the new owner got a very very well maintained car for the levels of money 'most' on the forums will say must be a dog or knackered etc etc.
With your car and looking at your PH advert, I think those (including myself had I been in the market) would look at the advert, the description and then the price and then .. clicked onto the next one. I think you really need to describe plenty more about the car in order to try and get that person/buyer out there who may be prepared to give you the asking price you feel you deserve.
With the TV function, is it working? i.e does it have the oem hybrid analogue/Digital module? is it the older 4:3 monitor in the dash, or has it been upgraded to the widescreen one? is the GPS computer the Mk4 DVD based/faster processing verson in the boot? is it the oem BMW firmware phone that's included? how about the traffic management system - working? are there any more receipts for showing more preventative maintainence? how is the Vanos sounding for instance? are there any of the usual place rust spots forming? is it original paint all over? any leaks etc in the engine? and so forth..
Currently, with your last paragraph, it sounds as though you bought the car on a whim (as you wanted a diesel estate!)and then didn't fancy the running costs and thus you wish to sell it on - and there's many many examples of this type of thing occurring, which puts off many potential buyers. You've then asked the money for which a very tidy facelift car with similar miles and perhaps better spec will have and more useful information in it's advert.
That all said, you 'might' still get someone ringing up and talking to you about purchasing at your asking price !!
Cheers, Dennis!
Thanks for taking the time to write such a detailed response Dennis.
There are many points you've given me to adress with my advert there. I can't really lie as I did buy the car on a whim and it wasn't what 'needed' at all but I'd have put low running costs in my list of reasons to keep the car if anything?! It's a big lazy v8 with no turbos, producing only a relaxed 75hp per ltr and noted by engineers as arguably the best made BMW of all time. Compared to my usual toys I'd say it was probably the lowest cost/hp car I've ever owned?
I'll update the advert as soon as I get to a pc but the definitely not on the rust/dents and leaks state. It uses no oil, has no rust, body is clean and straight, vanos is silky smooth (totally unaudiable except once every 20 or so hot starts when you hear it for a brief second), diff is completly dry and the entire drive chain has zero play in it. To drive it feels closer to a car with 20k miles than 80. I suspect it had a very easy life with its main owner.
The only annoyances are some missing pixels in the dash display and some lacquer peeling on the wheels both of which are those 'one day' sorts of jobs that don't actually affect the car but mean taking it off the road to fix. So I can never be bothered with the hassle.
Ben
p.s. thanks for the update on the 5k car. It's obvious really that you wouldn't price a car to be the cheapest for no reason at all. Odd tyre brands always put me off. Money saving on something that important is concerning!
There are many points you've given me to adress with my advert there. I can't really lie as I did buy the car on a whim and it wasn't what 'needed' at all but I'd have put low running costs in my list of reasons to keep the car if anything?! It's a big lazy v8 with no turbos, producing only a relaxed 75hp per ltr and noted by engineers as arguably the best made BMW of all time. Compared to my usual toys I'd say it was probably the lowest cost/hp car I've ever owned?
I'll update the advert as soon as I get to a pc but the definitely not on the rust/dents and leaks state. It uses no oil, has no rust, body is clean and straight, vanos is silky smooth (totally unaudiable except once every 20 or so hot starts when you hear it for a brief second), diff is completly dry and the entire drive chain has zero play in it. To drive it feels closer to a car with 20k miles than 80. I suspect it had a very easy life with its main owner.
The only annoyances are some missing pixels in the dash display and some lacquer peeling on the wheels both of which are those 'one day' sorts of jobs that don't actually affect the car but mean taking it off the road to fix. So I can never be bothered with the hassle.
Ben
p.s. thanks for the update on the 5k car. It's obvious really that you wouldn't price a car to be the cheapest for no reason at all. Odd tyre brands always put me off. Money saving on something that important is concerning!
Niffty951 said:
The only annoyances are some missing pixels in the dash display and some lacquer peeling on the wheels both of which are those 'one day' sorts of jobs that don't actually affect the car but mean taking it off the road to fix. So I can never be bothered with the hassle.
As a prospective M5 purchaser (and one who browsed your advert with interest), I must point out that 'dead pixels' is a very off-putting issue, because it's quite a bit of hassle to resolve. It's a small and insignificant thing when you consider the big picture, but very hard to resolve. So unfortunately the choices are either lowering the price until someone is willing to overlook the issue, or getting the work done yourself and making the car much more attractive to buyers. That applies to wheel refurb as well.IMO it is very hard to price your example. Low mileage facelifts in great shape and stacks of history can go well north of £10k, but of the pre-facelifts, I have seen very few with low miles, so they are hard to price. Also, you have to consider your location Like Norfolk, Devon and Cornwall suffer from requiring fairly long trips to view from the larger population centres, which will narrow the already small target audience.
The right M5 at the right price will sell very fast, as any decent car I've inquired about has proven - my biggest issue has been getting to the seller fast enough.
Edited by RenesisEvo on Thursday 20th June 14:01
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