Such a dilemma

tmv · #1 05-15-2017, 11:46 PM

We're now working from home and our cars barely get driven. We are thinking about selling the X5. It might be driven twice a month for less than 100 miles. We would rather sell it to someone who can enjoy it than having it in the garage taking up space and cost of insurance.
Part of me doesn't want to sell it. I have maintained and make it uniquely ours. You can say that we're partially attached to the car.
If we decide to sell it, I'm thinking of listing it on the bimmers enthusiast sites only. If it sells, good. If it doesn't, fine. How much should I list it for? 2006 4.8iS fully loaded, 125k miles with all maintenance up to date. Car has Dinan stuffs and the Aero kit. I can source a set of iS wheels in place of the HRE 648R and list it a little lower.

CleanIsFast · #2 05-16-2017, 07:09 AM

Tam I think you saw the TiSi 4.8iS sell over on bf.c recently. That would be fairly similar to your vehicle. Not sure what the final sale price was but he had it listed for around $18k-19k with 83k miles on it (but it was listed for over 2 yrs as well). I don't see big numbers for our E53's unless they have uber low miles. This has been listed for months, started at $20k (2003 BMW X5 4.6is - Pre-Owned Inventory) One of the lower mileage iS I've seen in awhile. Hope some others chime in, but goodluck if you decide to sell it! Great looking SAV

TiAgX5 · #3 05-16-2017, 08:02 AM

It might be worth contacting EAG to see if they have interest in the X.

Enthusiast Auto Group Cincinnati Performance BMW Center

These guys get top dollar for the "best of the best" BMWs (Like the 2002 E39 M5 priced at $65,000 currently). You could see an acceptable offer from them.

X53Jay4.8is · #4 05-16-2017, 02:48 PM

Quote:

Originally Posted by TiAgX5

It might be worth contacting EAG to see if they have interest in the X.

Enthusiast Auto Group Cincinnati Performance BMW Center

These guys get top dollar for the "best of the best" BMWs (Like the 2002 E39 M5 priced at $65,000 currently). You could see an acceptable offer from them.

EAG typically picks the low mileage vehicles so that they can ask the high mile price.

CleanIsFast · #5 05-16-2017, 08:07 AM

I personally don't think EAG would buy any of our X5's. There isn't enough profit to be made for them. There isn't enough of a demand for clean E53's. I've seen all of two E53 iS on EAG site before, both were 4.6 and they were stupid clean and low miles. Can't compare E53 iS to E39 M5. If anything, I would try bring a trailer (BaT).

TiAgX5 · #6 05-16-2017, 11:43 AM

Quote:

Originally Posted by CleanIsFast

I personally don't think EAG would buy any of our X5's. There isn't enough profit to be made for them. There isn't enough of a demand for clean E53's. I've seen all of two E53 iS on EAG site before, both were 4.6 and they were stupid clean and low miles. Can't compare E53 iS to E39 M5. If anything, I would try bring a trailer (BaT).

Not saying it will pull low mile E39 M5 money. But, I would bet they could pull over 25k, if it's parked in a showroom full of 60k E39s and 100k E36 M3 lightweights.

PropellerHead · #7 05-16-2017, 12:35 PM

Quote:

Originally Posted by TiAgX5

But, I would bet they could pull over 25k, if it's parked in a showroom full of 60k E39s and 100k E36 M3 lightweights.

Maybe if you put $12k cash in the front seat you could sell it for that money. Else, no way in hell on ~125k miles. My 4.8is was a bit more than that 6 YEARS ago with 11k miles.

A 4.8is example recently posted here with less than 60k miles wouldn't move on Ebay for $14k. That's a fine target price of a really clean example that wants to wait awhile before it's sold.

These are not classics. They are not relics, either. They're just old cars. They're old BMW's with a poor reputation for major service issues over 100k miles. We may like them, but a pretty big part of that is already having one. For the next many years, the older the E53's get, the less expensive they get. Plain and simple.

OP: Set your price and wait. If someone wants it, they'll buy it. Then again, like any of us, if we don't really want to sell it, whether we realize it or not, we might just price it so that we won't sell it. And that's ok except for the wasted effort.

lo_jack · #8 05-16-2017, 01:04 PM

Quote:

Originally Posted by PropellerHead

Maybe if you put $12k cash in the front seat you could sell it for that money. Else, no way in hell on ~125k miles. My 4.8is was a bit more than that 6 YEARS ago with 11k miles.

A 4.8is example recently posted here with less than 60k miles wouldn't move on Ebay for $14k. That's a fine target price of a really clean example that wants to wait awhile before it's sold.

These are not classics. They are not relics, either. They're just old cars. They're old BMW's with a poor reputation for major service issues over 100k miles. We may like them, but a pretty big part of that is already having one. For the next many years, the older the E53's get, the less expensive they get. Plain and simple.

OP: Set your price and wait. If someone wants it, they'll buy it. Then again, like any of us, if we don't really want to sell it, whether we realize it or not, we might just price it so that we won't sell it. And that's ok except for the wasted effort.

So true, and high/fast depreciation imports on top of all that. We have crossed the point where low miles versus time matters...all these BMWs are just getting too old, even if they are some of the best they made. Values--even in great shape--reflect that.

dannyzabolotny · #9 05-16-2017, 12:38 PM

His 4.8 has too many miles for EAG... they almost never buy anything over 100k miles, it's usually the 20k mile garage queens that they're after. BaT would be the best bet— cars regularly sell for well over their book value there.

OptimusPriM5 · #10 05-16-2017, 12:40 PM

TMV - you know you will have sellers remorse after all youve invested into the vehicle.

Regarding pricing...prices are all over the map with these things and they really havent developed the cult following of e39 or e36 etc as you know. I'd say drop a few lines in the pond and see what happens (do not go to bottom feeders on craigslist but dont think you will). Worse that could happen is you get no response and theres your sign to keep it.

For reference the last e53 EAG had that I recall seeing was just under 90k miles was estoril 4.6 and his price was over $18.5k. I dont remember list of repairs/records but that was at least a year more likely longer than that.

Good luck!