![]() 04/22/2018 at 16:02 • Filed to: None | ![]() | ![]() |
Looking for some input on helping a friend move a vehicle. 5 second photoshop of a 635 Ti for your time.
A buddy’s father-in-law has a 2017 X5 he’s trying to get rid of. Only 8,000 miles, still in impeccable shape. Dealer offered him $44k to buy it back, which is actually on the high-end for trade value per both KBB and NADA; used prices look to be in the $49k - $53k range.
He’s asked me to help him sell it as he thinks the dealer has lowballed him. I think it’s actually a fair price, but there is obviously money left on the table.
I’m more than happy to help him try and eke out another $5-6k out of this thing, but I’ve never sold a vehicle in this price range where you’re competing against CPO and dealer used inventory like this.
My question to you guys is whether or not it’s worth spending the time to try and compete against dealer inventory to sell this thing private-party.
I don’t mind taking the time and effort, and I’m going to reset his top-line expectations if we move forward, but there’s a nagging thought that I’m just going to struggle to move this thing period in a private-party sale for a vehicle of this price, regardless of how savvy I am.
Thoughts?
![]() 04/22/2018 at 16:34 |
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My parents took a couple months to sell a fully loaded 1 year old Infinity last year in the end they got a little more than the quick trade but seemed like a big hassle to me. Good luck if you go for it but at that price it’s a waiting game. Right person looking for the right car.
![]() 04/22/2018 at 16:40 |
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I would definitely look at a high-end broker/matchmaker on this one. He’ll still end up paying a commission but that’s the sweet spot for those kind of people. Both buyer and seller come out a few thousand ahead and the broker pockets a grand or so for an easy sale.
![]() 04/22/2018 at 17:18 |
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Well to encourage you, I recently helped sell a buddies Macan S at $53k. Similar story, was lowballed by the dealer. I had to detail it, got to drive it while it was listed, plus he gave me $1500 when it sold. I was well worth the 20 or so hours spent detailing it, and meeting potential buyers to me.
My only regret was not having the money to buy it for myself.
![]() 04/22/2018 at 17:50 |
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Warranty is transferable right? I would highlight that.
Also keep in mind that your buyer knows you’re trying to squeeze a few extra dollars from the sale and will want a cut of that. So you probably won’t get full retail for the car. It’s more headache to buy this way unless you’re a cash buyer.
Still if you have time you ought to get a few more $ for it this way. But will take patience.