Getting raped selling my E46 M3
Discussion
After having no joy at all with Autotrader, I'm speaking to a few dealers about buying my M3 as I don't need a car any more.
It's a mint carbon black SMG with imola red leather, 31,000 miles, all the bits but no sat nav ("that's £2,500 off the price already sir...")
I've had a bid of £15,000 from where I bought it a year ago for over about 20k (owch), £16,250 from webuyanycar which I've got an appointment for tomorrow (expect to walk away from that one laughing...) and I spoke to 'Shak' from Shaks Specialist Cars in Huddersfield yesterday who told me his offer of £12k was 'doing me a favour'
Looks like I'm going to have to bend over and take one for the team.
It's a mint carbon black SMG with imola red leather, 31,000 miles, all the bits but no sat nav ("that's £2,500 off the price already sir...")
I've had a bid of £15,000 from where I bought it a year ago for over about 20k (owch), £16,250 from webuyanycar which I've got an appointment for tomorrow (expect to walk away from that one laughing...) and I spoke to 'Shak' from Shaks Specialist Cars in Huddersfield yesterday who told me his offer of £12k was 'doing me a favour'
Looks like I'm going to have to bend over and take one for the team.
They don't sound as stupid as you make out. Like you say you had no takers on autotrader which is the leading car sale web site and so it was probably priced to high. Ignore the fact that you overpaid a year ago. Personally I think you always need a car like that so you should hang on to it.
£5k loss in a year is what you should expect at that price level unless you are very lucky.
I spent £38k on my x5 and within a year it was worth less than £28k, now thats painfull but only if you have to sell. Buy cars and changing them after a year is an expensive hobby!!!
Best of luck
£5k loss in a year is what you should expect at that price level unless you are very lucky.
I spent £38k on my x5 and within a year it was worth less than £28k, now thats painfull but only if you have to sell. Buy cars and changing them after a year is an expensive hobby!!!
Best of luck
Windymiller said:
2004, '54-reg. Non-BM dealers are churning these things out for £18-19k, so I flung mine on the 'Trader for £17k. Not one call....
The thing is though, the general public are going to be a lot happier giving a dealer £19k than a private seller £17k - as they percieve less risk...I think the issue is, with M3's now down at £10k, yours is in the top bracket of pricing, so most private buyers are looking at the cheaper options.
As others have said, either wait out for the right buyer, or take the hit..
if you bought it from a dealer for 20k then privately that same car would have cost you about 18.5ish? If you had bought it for that you would have lost £2,250. Thats not too bad is it? I think the problem is you bought it from a dealer which is possible the most expensive place, and then you're selling to a dealer which is the worst place - with those 2 extremes a 4k loss isn't too bad!
Apart from a lack of Sat Nav, the car looks spot on Windy. Price is ok too IMHO.
I advertised mine a few months ago and eventually got fed up with jokers calling me about it. I've decided to keep it as I was only going to get into more debt on an E92 M3!
Stick with it and you should get what you want for it. I've not got Glasses to hand, but suggest that between £16-17k is reasonable. I was offered £18k for my 55 plate by a couple of dealers back in September. They had equivalent cars on the forecourt for £21-22k, but I did agree that £18k wasn't too bad and recognised the prep (LOL) cost that they supposedly have to put it through.
Matt
I advertised mine a few months ago and eventually got fed up with jokers calling me about it. I've decided to keep it as I was only going to get into more debt on an E92 M3!
Stick with it and you should get what you want for it. I've not got Glasses to hand, but suggest that between £16-17k is reasonable. I was offered £18k for my 55 plate by a couple of dealers back in September. They had equivalent cars on the forecourt for £21-22k, but I did agree that £18k wasn't too bad and recognised the prep (LOL) cost that they supposedly have to put it through.
Matt
braddersm3 said:
17K on the Autotrader..no takers.£16250 offered by trade,how is that an insult or am i missing something?
I don't think you are! Bought for £20k over a year ago and getting offers of over £16k? Bite their hand off mate. You can't grumble at it costing you less than £400 a month! fivesixseven8 said:
braddersm3 said:
17K on the Autotrader..no takers.£16250 offered by trade,how is that an insult or am i missing something?
I don't think you are! Bought for £20k over a year ago and getting offers of over £16k? Bite their hand off mate. You can't grumble at it costing you less than £400 a month! £20k was perhaps a little OTT 12 months ago, or maybe it was pretty much bang on, and for that £400 per month the OP enjoyed the security of a warranty that he is unable to supply the next owner.
Lovely car no matter what, however.
fivesixseven8 said:
braddersm3 said:
17K on the Autotrader..no takers.£16250 offered by trade,how is that an insult or am i missing something?
I don't think you are! Bought for £20k over a year ago and getting offers of over £16k? Bite their hand off mate. You can't grumble at it costing you less than £400 a month! I'd have gone for the £16250 all day... but got a call off webuyanycar (aka Carcraft)... "we've just hpi'd your car and it turns out there's one more owner than you told us (my bad) so we'd have to put it to auction. £13,000 ok?"
Best is £15k off the trader who sold it to me for £20k. Unfortunately, I only had a 2-week window to get my M3 as I'd just popped the engine in my Boxster S and was full booked-up on a Stelvio trip.
Time to bite that bullet.
Keeping's not an option as I put no miles on it at all, and my insurance shot up after I was scammed by someone.
Best is £15k off the trader who sold it to me for £20k. Unfortunately, I only had a 2-week window to get my M3 as I'd just popped the engine in my Boxster S and was full booked-up on a Stelvio trip.
Time to bite that bullet.
Keeping's not an option as I put no miles on it at all, and my insurance shot up after I was scammed by someone.
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