BMW M5 bargain

[pimping]

Not sure if this ebay link will work but I hope it does. Found myself looking at this last night and am gob smacked at what it went for!

http://www.ebay.co.uk/itm/250933550809?ssPageName=...

[daemon]

pimping said:

Not sure if this ebay link will work but I hope it does. Found myself looking at this last night and am gob smacked at what it went for!

http://www.ebay.co.uk/itm/250933550809?ssPageName=...

Its been listed before - according to his feedback it looks like he refused to sell it for that price on a 'no reserve sold to highest bidder' auction.

http://www.ebay.co.uk/itm/2000-BMW-M5-BLACK-CARBON...

Edited by daemon on Monday 21st November 12:44

[pimping]

I am right in thinking thats a bargain for that price though? Wonder if he will let it go for that is the next question.

[off_again]

Fiver says the seller doesnt follow through with the sale though!

[daemon]

pimping said:

I am right in thinking thats a bargain for that price though? Wonder if he will let it go for that is the next question.

Judging by the ones listed on autotrader, yes, its about £2.5K down on what you would expect.

[wackojacko]

Looks cheap-ish, But a cheap M5 is never ever cheap


If the seller does go through with it, it's not far off what it's worth anyway....

[trickywoo]

daemon said:

Judging by the ones listed on autotrader, yes, its about £2.5K down on what you would expect.

I've seen facelift versions with similar mileage at dealers for £5,999 so its more or less on the money.

[McSam]

There really should be harsher penalties for sellers doing this, it pisses me off almost as much as the impossible-to-report Autotrader adverts with stupid prices. They only do no-reserve auctions to get interest and save a few quid on fees, and I don't think they really care that they're just as legally bound to sell for the final figure as the buyer is to cough up their bid. And wouldn't they complain if someone won it for twenty grand and then turned up to say "actually no, I don't fancy giving you that after all".

[Ozzie Osmond]

McSam said:

There really should be harsher penalties for sellers doing this....

??????????

Personally I can't see any problem.

Price doesn't seem excessively low for a 12 year old saloon car with 120,000 miles. A service on that car could go well into 4 figures. Even tyre replacement cost would deter many buyers.

What I don't know is whether a dealer selling through ebay auction has the same protection against warranty claims as if he sells through a normal auction house. It's usually the warranty aspect that makes dealers unwilling to retail those cars off the forecourt.

[scarebus]

I am not too sure about the service history, why is there only 4000 miles between the last two services?

[johnpeat]

A dealer selling through eBay has to provide the same comeback as they would selling off their own forecourt - it's nothing like selling through a car auction (which is considered a business-to-business transaction and thus exempt from consumer protection laws).

A dealer attempting a 'private' sale is breaking the law - simple as.

You can't really penalise a seller for refusing to sell anymore than you can penalise buyers for not going through with the sale tho - it's annoying but it's just how the system works.

[daemon]

Ozzie Osmond said:

McSam said:

There really should be harsher penalties for sellers doing this....

??????????

Personally I can't see any problem.

Price doesn't seem excessively low for a 12 year old saloon car with 120,000 miles. A service on that car could go well into 4 figures. Even tyre replacement cost would deter many buyers.

What I don't know is whether a dealer selling through ebay auction has the same protection against warranty claims as if he sells through a normal auction house. It's usually the warranty aspect that makes dealers unwilling to retail those cars off the forecourt.

McSams referring to the fact it was listed previously and then the seller wouldnt sell it for the price it went for..

[anonymous-user]

wackojacko said:

Looks cheap-ish, But a cheap M5 is never ever cheap

Wise words. Cheap for a reason