Gutted :(
Gutted :(
Author
Discussion

TheAngryDog

Original Poster:

13,019 posts

235 months

Sunday 29th June 2014
quotequote all
Just put my E39 M5 up for sale. Gutted doesn't even come close frown.

Hopefully it'll go to a good home.

2.5pi

1,091 posts

208 months

Sunday 29th June 2014
quotequote all
TheAngryDog said:
Just put my E39 M5 up for sale. Gutted doesn't even come close frown.

Hopefully it'll go to a good home.
I'm sure a link would help me to commiserate properly , or even persuade me to open the cheque book smile

TheAngryDog

Original Poster:

13,019 posts

235 months

Sunday 29th June 2014
quotequote all
Lol, its in the piston heads classifieds. I think its against forum rules to link your own cars?

Depthhoar

689 posts

154 months

Sunday 29th June 2014
quotequote all
Sorry to hear you're leaving the fold.

Saw your ad. Are you sure the starting issue/hesitation isn't a problem with the activated carbon canister? I know you've posted on M5board about this but from what I've read the canister can give the sort of symptoms your car exhibits. Apparently they become dessicated with age and persistent overfilling when refuelling. Not a cheap fix but I guess your sale price reflects that? Anyway, good luck with the sale; it's certainly sensibly priced.

TheAngryDog

Original Poster:

13,019 posts

235 months

Sunday 29th June 2014
quotequote all
Thanks for your comments.

I did t wonder on the canister, but having spoken to a few people, my car doesn't exhibit the traits associated with it. It's actually not a bad price to fix, less than £100 for the part from Cotswold BMW if it is the cannister.

I had a look around and saw the prices people were selling for, and I know mine needs these bits doing, hence the price. I have just been offered an insulting £3750 for it. Would rather smash it up hehe

JulianHJ

8,866 posts

288 months

Sunday 29th June 2014
quotequote all
Just had a look at the ad. I like the look of it, and I'm in the market for a large-engined 5 series - I thought the M5 was out of my budget. Do you have a rough estimate of how much it might cost to fix the bad points?

TheAngryDog

Original Poster:

13,019 posts

235 months

Sunday 29th June 2014
quotequote all
Hi Julian, depends on which bad points. The staring issue could just be the fuel pump. if it is, then the one I have fixes that for free. The stuttering I'm not sure, could be cam position sensors or vanos solenoid boards. The cps is £473 for all 4, the solenoid boards can be refreshed for under £150.

Brake judder, either someone's labour or if you're handy with the spanners, as I have the bushes to fit.

JulianHJ

8,866 posts

288 months

Sunday 29th June 2014
quotequote all
I'll give it some thought. I'm certainly no good with the spanners, so I'd have to ask my mechanic for a quote. Cheers for the quick reply - I'm PM you if I think it could be doable.

TheAngryDog

Original Poster:

13,019 posts

235 months

Sunday 29th June 2014
quotequote all
No worries pal. If I was more handy with them myself I'd do the work and the price would be going up.

TheAngryDog

Original Poster:

13,019 posts

235 months

Sunday 29th June 2014
quotequote all
I keep getting told I'm selling it too cheap....

jon-

16,534 posts

242 months

Monday 30th June 2014
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TheAngryDog said:
I keep getting told I'm selling it too cheap....
By other m5 owners or people actually interested in buying...

TheAngryDog

Original Poster:

13,019 posts

235 months

Monday 30th June 2014
quotequote all
Both. Though the offer I had of £3750 suggested they thought I was asking too much.

TheAngryDog

Original Poster:

13,019 posts

235 months

Friday 4th July 2014
quotequote all
Possibly got a viewing next week, and I may have resolved the starting issue...

Carlton Banks

3,675 posts

262 months

Friday 4th July 2014
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Its a bloody bargain, even the £15k ones have issues, be under NO illusions that these cars will be trouble free!

TheAngryDog

Original Poster:

13,019 posts

235 months

Friday 4th July 2014
quotequote all
Thanks CB. Looks like the replacement pump has gotten rid of the stutter as well.

TheAngryDog

Original Poster:

13,019 posts

235 months

Wednesday 9th July 2014
quotequote all
So 10 days in and I've had offers ranging from £2500 to £4000 hehe

Starting issue is resolved
Stutter is gone
I am looking to have the car booked in to replace the Thrust Arm Bushes

I think that once these issues are resolved, which appear to be the main ones, I am hoping it will sell easier, and net me a bit more money.

Contigo

3,130 posts

235 months

Wednesday 9th July 2014
quotequote all
Get an inspection done at a specialist and add that to the price. Selling a car like the E39 with one is worth alot imo.

Depthhoar

689 posts

154 months

Wednesday 9th July 2014
quotequote all
Glad you got the engine up and running properly again.

Always difficult to know how much work to do or not do when selling a car. When buying mine I looked at a few with unresolved issues (the owners were quite open about the faults) & I was definitely put off by the work required to fix them. Even though they were relatively simple fixes to suspension and brakes it just raised a suspicion that the owner wasn't fastidious enough. If they wouldn't sort the brakes/suspension then what other more serious issues involving ££££s repair bills might lurk unseen for the potential buyer?

Ultimately buyers have to have confidence in the car & owner they see in front of them, and in the M5-buying marketplace confidence can be a fragile and flighty thing.

I think fixing the engine issues and the thrust arm bushes will definitely make your Beast more saleable and achieve a better price. You never know, with the car properly fettled and running as it should you may decide to keep it!

TheAngryDog

Original Poster:

13,019 posts

235 months

Wednesday 9th July 2014
quotequote all
I'd love to keep it, but doing 20k work miles plus a year makes it uneconomical to keep.

Would you say that without the fuel pump issue, no more stuttering and no more brake judder, that I could get nearer £6k for it?

Edited by TheAngryDog on Wednesday 9th July 15:15

Depthhoar

689 posts

154 months

Wednesday 9th July 2014
quotequote all
£6K?....Not sure.

There are 4 M5s in PH classifieds similar to yours. There's one (a PH member, I think) who is advertising at £5k but on reading the ad it's really £4.5k + spares. Similar to your ad, his is very full and seems an honest appraisal. There's 5k miles difference between the two cars (not really that significant in the grand scheme of things) but potentially £1500 difference in price if you raise yours to £6k.

If there's not much in it between the two in terms of provenance & maintenance history then it may come down to the condition of the bodywork and trim for some buyers. Some might be swung by the body colour/trim combo and are determined to have a green or blue car irrespective of other more important mechanical/condition issues. Buyers can be fickle - some are drawn like moths to a flame to very shiny cars no matter how crummy mechanically. Since the £4.5k car is in your neck of the woods(ish) it might be rash to raise the price too much as you might get fewer viewings from local buyers?

Turning the whole thing on its head, one strategy might be to withdraw the car from the market for a few weeks until the £4.5k one sells (& maybe a few others too) then re-introduce it with a fresh ad and written details, pitching it at £6k. The market is buoyant for these cars but you just happen to be in the crowded local £4.5k to £6k sub-sector. The downside is hanging on to the car for a bit longer which is always a pain when you want to sell.