Quote:
Originally Posted by X53Jay4.8is
He may find the right enthusiast that recognizes the value of great service, repair and care for the X5. 3 weeks ago I just sold my 99 540it wagon with 178K on the clock and it went for full listing price. It was the condition of the vehicle, maintenance, records and how well the vehicle drove that cemented the sale. You are right that a number of bottom feeders came through the craigslist channel it was easy to send them away especially after telling them that this is not the car for you. There were a number of people that wanted to offer low baller prices and had not even seen the car. I had a firm price and took appointments only for the car. The people who made the appointments were serious ones. The vehicle sold within 48 hours of posting. The first person that came by wanted to give me 1/3 deposit and the rest of the funds in 10 days. I was like I have a number of appointments for this weekend lets see what happens after the weekend if its still for sale. The second person came, drove the vehicle and paid for it on the spot.
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Most true enthusiasts know what it cost to maintain/repair a BMW. Even with my limited mechanic skill
I tend to shy away from cars with more than 150,000 miles.
The other problem with trying to sell an old car at a high price is that most banks won't finance a car that is over 7 years old. Hell when I purchase my first Lotus out of college the banker was asking me what a Lotus was because they couldn't find a listing for it in their blue book and with what I was paying for a Lotus I could buy a Corvette.
Instead of taking a loan out for the Lotus I just waited until I saved enough to buy it without having to take a loan. Been buying cars like that all my life, 100% down and no monthly payment.