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  #1  
Old 08-23-2019, 07:02 PM
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I cant believe the 4.8is market can be this bad.....

I have a well-sorted and documented 05 4.8is with sport interior and reasonable miles (MSRP of over $74K) and I literally cannot give it away. Seems like I have it offered for cheaper than what I imagine a 4.4i with some issues would sell for... I hear stories of people being stoked that they found a broken 4.8is for $5k and the new owner acts like they won the lottery, but all I've gotten were two absolute flaky douches call me on the car. whats up with this? Anyone else have the same experience selling one of these cars? I would understand it if my particular car was riddled with issues, but I have literally addressed everything on the car.
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  #2  
Old 08-23-2019, 08:08 PM
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Iím close to closing on a 4.8. Post your listing


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Old 08-23-2019, 09:35 PM
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Its through my dealership, so I dont want to violate any forum rules, but its the cheapest, clean title car in the entire country and currently on ebay for under $6k + dealer fee... Ive scoured the classifieds and a number of cars with similar mileage have been listed for the $10K area and have sold, so I'm absolutely baffled why this car hasnt sold. I had more interest when it was priced at $10K (but they were all flakes), than now that its lowered to $6k - less than I have into the car at this point after all of the repairs and maintenance I have done.
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Old 08-23-2019, 09:37 PM
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Dm me a link to the listing


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Old 08-23-2019, 09:47 PM
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done.
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Old 08-23-2019, 10:03 PM
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Dealership is what scares most people.
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Old 08-23-2019, 10:21 PM
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Without looking at the price, I'll say that $10,000 is that sweet spot where generally most potential buyers will either pay cash outright or look for financing. If they are looking to finance and cannot secure their own, they know that financing through the dealership will substantially increase the price. Also, most banks (i.e. a potential buyer's private bank loan) will not finance something that is already pushing 14 years old or older without a very aggressive interest rate - which also dissuades buyers.


Have you tried BaT? Most all buyers on BaT are cash-in-hand types of collectors.
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Old 08-23-2019, 11:22 PM
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Quote:
Originally Posted by Anhelenuk View Post
Dealership is what scares most people.
Yep. Most people looking for a 4.8is want documented maintenance, 2 keys, manuals, etc. Dealerships just don't have that. Checked out your Ebay ad and it looks like a decent truck, but @ 132,000 is going to need stuff, most notably suspension and cooling system. Valve stem seals are always looming. That sort of thing. Black sapphire is probably the least popular 4.8 color choice. But having sport nappa seats is a serious plus.

Your dealership doesn't have the best reviews. Warranted or not, will affect most serious buyers of a 4.8is. Especially since some of the responses do read as a little combative.

That said, it's priced right... and you sorted the air suspension so that's a huge plus. Good luck with it, hope you find a buyer.
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Old 08-23-2019, 11:39 PM
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That is crazy, you're right there with the 05 3.0 for the same price and the crack addict trying to get 8700 for a 4.4 with more mileage. I just bought another one, bringing my collection to a RX300, Suburban, Cayenne, and the X5, so I'm out, but seems like a good buy for $6k.

Good luck selling it, I'm just as confused as you are as to why it hasn't sold yet.
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Old 08-24-2019, 01:35 PM
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Quote:
Originally Posted by Anhelenuk View Post
Dealership is what scares most people.
thats a ludicrous reason to not buy a car... especially when the dealership is an enthusiast-based, BMW/European Performance/repair shop. We arent talking about a fly-by-night, buy-here-pay-here lot with ford escorts and chevrolet cobalts sharing the inventory. That being said, I respect your position (and that of 4.8is buyers) and I will not be carrying anymore 4.8IS' at my dealership once these last two are sold.


Quote:
Originally Posted by X5M-ISH View Post
Without looking at the price, I'll say that $10,000 is that sweet spot where generally most potential buyers will either pay cash outright or look for financing. If they are looking to finance and cannot secure their own, they know that financing through the dealership will substantially increase the price. Also, most banks (i.e. a potential buyer's private bank loan) will not finance something that is already pushing 14 years old or older without a very aggressive interest rate - which also dissuades buyers.


Have you tried BaT? Most all buyers on BaT are cash-in-hand types of collectors.
Im at nearly half the "sweet spot" that you mention... I originally had it at $10K, but it didnt sell there either. Id say $6K is a pretty aggressive price.. LOL. Not interested in BAT as you have to "apply" to sell a car and give them money.


Quote:
Originally Posted by crystalworks View Post
Yep. Most people looking for a 4.8is want documented maintenance, 2 keys, manuals, etc. Dealerships just don't have that. Checked out your Ebay ad and it looks like a decent truck, but @ 132,000 is going to need stuff, most notably suspension and cooling system. Valve stem seals are always looming. That sort of thing. Black sapphire is probably the least popular 4.8 color choice. But having sport nappa seats is a serious plus.

Your dealership doesn't have the best reviews. Warranted or not, will affect most serious buyers of a 4.8is. Especially since some of the responses do read as a little combative.

That said, it's priced right... and you sorted the air suspension so that's a huge plus. Good luck with it, hope you find a buyer.
Apparently, you didnt read the ad very carefully at all. I do have BMW service records dating back to the original In-service date of 11/30/2004. This was a CPO vehicle that was under warranty until 11/30/2012. (I have went back and put it in Caps, Bold, And Underlined it, since you didnt see that and maybe others didnt either.) Also, it DOES come with owner's manuals and the suspension was inspected and serviced. All 4 corners were replaced with Arnott units the pump was also replaced and we re-calibrated the EHC module.... My cost on a new key is $120, I will gladly throw that in and program it for the new owner.

In regards to internet "reviews," that's laughable as most, if not all, of the reviews were posted by individuals that never actually purchased a car from me. You're right, I do get combative when people think they can get me to accept their lowball offers by blackmailing me with the threat of online reviews or are pissed when I dont accept ridiculous offers.


Quote:
Originally Posted by MSHax View Post
That is crazy, you're right there with the 05 3.0 for the same price and the crack addict trying to get 8700 for a 4.4 with more mileage. I just bought another one, bringing my collection to a RX300, Suburban, Cayenne, and the X5, so I'm out, but seems like a good buy for $6k.

Good luck selling it, I'm just as confused as you are as to why it hasn't sold yet.
Its sick... No more X5s in my inventory once these last two are sold, that's for sure.
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