Grrrr. Low-ball offers and MiG 29s!

"KatzManDu" (KatzManDu)
05/12/2014 at 09:24 • Filed to: None

Since I'm moving I need to sell my M5. I have it priced a tad high, but am expecting offers that will be fair ($8k-$9k would make sense.)

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However, I keep getting offers of $4k or $5k with some bullshit excuse saying the car needs $4k worth of work to "run well." Funny, it runs well enough for me to drive it 200-400 miles at a stretch, regularly take kids to school and schlep all over town.

Also, this popped up. For people with more money than....

http://www.trade-a-plane.com/listing?id=174…

DISCUSSION (14)

offroadkarter > KatzManDu
05/12/2014 at 09:26

How reliable has your M5 been as a daily? I am thinking of picking one up after driving a friends 2000. I see a lot of them in the 140-160k range so I figure with regular maintenance it can't be the worst thing in the world.

FJ80WaitinForaLSV8 > KatzManDu
05/12/2014 at 09:26

"call for price"

KatzManDu > FJ80WaitinForaLSV8
05/12/2014 at 09:27

If you have to ask, you can't afford it. Probably in the $4M range (my guess.)

Party-vi > KatzManDu
05/12/2014 at 09:28

You should pick up some leather conditioning wipes and go over the seats inside - from the pictures they do look a bit grimy. Also, $4k-$5k offers are ridiculous. I've seen M5s with way more miles going for $13k and $15k just because it's an M5.

FJ80WaitinForaLSV8 > KatzManDu
05/12/2014 at 09:28

yikes, how does those get on the civilian market anyways?

mpa-burner2 > KatzManDu
05/12/2014 at 09:31

Craigslist sucks - I remember trying to sell my '04 GSX-R600 in 2009 for $4000, and getting e-mails that had nothing but a price - $2200, $2500. People are fucking nuts lol.

Reigntastic > KatzManDu
05/12/2014 at 09:32

Man I really would love to have your M5, don't have enough cash to buy it outright right now though. I'd have to get some baby loan with a shitty interest rate.

mr_gofast > FJ80WaitinForaLSV8
05/12/2014 at 09:33

as long as the firing systems arent loaded and the guns are not functioning its just like a rare car -

KatzManDu > Reigntastic
05/12/2014 at 09:33

That's kind of how I purchased the car.

Logansteno: Bought a VW? > KatzManDu
05/12/2014 at 09:38

I'd snatch your M5 up in a second if I had the ability and the funds to do so. 10k is a NP for one that nice with that mileage. I see most going for around 14k just because it's an E39.

KusabiSensei - Captain of the Toronto Maple Leafs > KatzManDu
05/12/2014 at 09:39

I'd buy it if I had $8-9K lying around.

As an aside, if you photograph the car with crap lying around inside it, this affects perception. I know I wouldn't offer that much on a car that has a plastic bucket in the back floorboards.

Also, you don't have the original BMW wheels from the E39 (BMW Style 65 wheels)? That will affect perceived value.

FJ80WaitinForaLSV8 > mr_gofast
05/12/2014 at 09:40

the yikes was in reference to the price estimate. I am all for government liquidation of its assets as opposed to scrapping them.

Squid > KatzManDu
05/12/2014 at 09:41

Doing a detail on the interior and taking photos of it with all of your personal belongings out of the car can help a whole bunch. That is one mistake sellers constantly make. Spend a day and wipe down all the leather with a conditioner and clean all of the dirt out of the inside and you might get better offers.

I do feel you on the lowball offers though, I went through that with my sisters truck last year. I priced it reasonably high and stated I was willing to negotiate and I got a whole bunch of $7,000 offers when I would have took $9,500. Even with all of the faults clearly written out and a very descriptive listing answering most potential questions I'd get emails from people that lack reading comprehension. Then there are the dirtbags who find a "similar" listing and try to use that as a lowball offer, a 4 cylinder Tacoma 4wd is not the same truck as the full TRD kitted out 4wd truck. . . Some people are just crap, but a clean car in the pictures is easier to sell.

Reigntastic > KatzManDu
05/12/2014 at 09:42

Yeah, I prefer to own things outright.