BMW M5

[andy3781]

Hi, ive got my car up for sale and have put quite a lengthy ad on pistonheads. Here's the link -

http://www.pistonheads.co.uk/sales/1651567.htm

Just wanted to know if the advert is a bit too long because ive had absolutely no interest whatsoever. Obviously the mileage will be put a lot of people off but its got wallet full of receipts and a fully stamped service book. Anything anyone can recommend to get people interested?

Thanks
Andy

[Vixpy1]

Advert is good, its too steep on the money for the miles. 6K and she will walk

[andy3781]

£6000 is really too low to be honest, theres a lot of money been put into the car to get in the condition it is in today. The paintwork alone was nearly £2000. Also the engine rebuild takes the attention away from the fact that the cars reading 180k miles. Alot of these cars are now falling into the wrong hands because they are becoming cheaper and are getting messed around with people putting stupidly large wheels and daft stereo systems in. This isn't that sort of car, so i don't want to price it in that sort of category.

[Frik]

Justify it all you want, but if the price is too high no-one will be interested regardless of the advert content.

Cutting the price of my high mileage M3 by 15% made the difference between barely any calls and selling it in two days.

[Neil.D]

Hi Andy.

I agree with the others, it's priced too high.
For a grand more you can buy one with 80k miles. Okay yours may be in great condition but as a buyer yours will be disregarded with those miles.
Yours won't stand out from the crowd unless the price is realistic.
6k max.

[996 sps]

6K with an MOT I would ring you, I work in Lichfield so let us know.

[CarbonBlackM5]

That's similar to mine. I paid £6300 with 165k on the clock. Just to give you an idea.

Theres a lot of choice at the moment so you will have to tempt buyers to view your car with a good price

[R60EST]

I recently sold a 2001 (51) Facelift with sat nav etc @ 126k for £7250. I paid much less for it ( see profile pic)

[Wedginald]

I am currently looking for an E39 M5, so I thought I would give my perspective.

As previously stated the price is to high. I am impressed with the ad and it is well written with sufficient detail.

The service history is comprehensive, but it would worry me that id went 30,000 miles (and two years) between an Inspection 1 and an oil change... I appreciate it might have been changed, but the documentation doesn't say that.

Also, I'm not sure how many people see the Heritage leather as a benefit. Personally, it doesn't really fit with the sporting nature of the car.

The final problem you will have is that pre facelift models are less desirable than the later cars, so that will limit the value.

£6K may seem a ridiculously low price - but it's a buyer market (with petrol at its current levels)and at the end of the day the market will set the price of the car...

Probably not the answer you were looking for...

[swannynhb]

glasses guide book the car at 5050 @ 91k miles trade and 7950 @ 91k miles retail from a dealer, yours has double the miles and no one has called you interested in buying it, so yes it is way overpriced, personally, from a dealers point of view i think 6k is being very optimistic. good luck

Edited by swannynhb on Sunday 23 May 14:56

[swannynhb]

andy3781 said:

£6000 is really too low to be honest, theres a lot of money been put into the car to get in the condition it is in today. The paintwork alone was nearly £2000. Also the engine rebuild takes the attention away from the fact that the cars reading 180k miles. Alot of these cars are now falling into the wrong hands because they are becoming cheaper and are getting messed around with people putting stupidly large wheels and daft stereo systems in. This isn't that sort of car, so i don't want to price it in that sort of category.

the problem is things like engine rebuilds dont add value, it part and parcel of keeping the car on the road, if anything they put people off

[Ritchie335is]

I paid £7500 for mine at the end of last year with 86K and full dealer history.
Looks identical to that one.

[Stu R]

andy3781 said:

£6000 is really too low to be honest, theres a lot of money been put into the car to get in the condition it is in today. The paintwork alone was nearly £2000. Also the engine rebuild takes the attention away from the fact that the cars reading 180k miles. Alot of these cars are now falling into the wrong hands because they are becoming cheaper and are getting messed around with people putting stupidly large wheels and daft stereo systems in. This isn't that sort of car, so i don't want to price it in that sort of category.

As lovely a car as it is, you're not in the position to dictate the price of it if you want it sold anytime soon - it'll shift for what someone thinks it's worth and if it's not selling you're overpriced as it's a nicely written advert.
Until fairly recently I've been keeping a very close eye on M5s as I quite fancied one, and they're changing hands reasonably well, so I'd suggest the other folks are right in saying it needs the price chopping.
Personally I'd try putting it in the high 6k's for a while and be prepared to haggle, I'd expect to go to somewhere between 6 and 6.5 to get it shifted with that milage on though.

I wouldn't worry about it falling into the wrong hands, quite a few already have.

[POORCARDEALER]

You are going to take a pill due to all the money you have spent to bring it up to the current condition.....hindsight, buying a lower mileage car needing nothing would have benefitted you come resale time.

Mileage....I find the people who buy the really high mileage stuff are few and far between at these days.

Value....there isnt enough of a gap at your asking price between a 80K miler and yours....good luck