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  #1  
Old 10-28-2020, 02:48 PM
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Ridiculous cargurus market value

https://www.cargurus.com/Cars/l-Used...ting=285249873
My old ebay ad:
https://www.ebay.com/itm/324297507493

I understand that car is worth what someone is willing to pay but cargurus really pissed me off.
When I did the ad they showed market value unavaliable and that made sense as there is very few 4.6is for sale or sold.
Now out of nowhere they showed my X5 is worth $5k. If I wanted that I'd just go to carmax.
It looks like I might be keeping it after all. My advantage is I don't have to sell it and I sure as hell won't let it go for nothing after 6 years of taking the good care of this beauty.
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  #2  
Old 10-28-2020, 03:00 PM
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...just came here to say i think one of your cluster bulbs needs replacement lol.
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  #3  
Old 10-28-2020, 03:56 PM
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Quote:
Originally Posted by bmw540san View Post
https://www.cargurus.com/Cars/l-Used...ting=285249873
My old ebay ad:
https://www.ebay.com/itm/324297507493

I understand that car is worth what someone is willing to pay but cargurus really pissed me off.
When I did the ad they showed market value unavaliable and that made sense as there is very few 4.6is for sale or sold.
Now out of nowhere they showed my X5 is worth $5k. If I wanted that I'd just go to carmax.
It looks like I might be keeping it after all. My advantage is I don't have to sell it and I sure as hell won't let it go for nothing after 6 years of taking the good care of this beauty.

I think their algorithm is that smart and just takes into account of all X5 in that year/mileage and just average it out.

Do Carmax still buy e53s?

That is the main reason why I am still hanging onto the old X5, even when it's hardly used anymore - mainly as my "backup" or poor weather car. The car is certainly worth a lot more to me than anyone is willing to pay for it! Other than the oil sensor, there's not a single other fault on the car!
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Old 10-28-2020, 04:20 PM
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I just checked mine. It’s showing $5000 as well. That is actually good news, considering the last time I checked it was $2500.
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Old 10-28-2020, 04:35 PM
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Enthusiast vehicles are never priced accurately by standard trade websites. The sale prices of a 4.8is can vary from $3000 to $20000. But a whole lot more are going to be closer $3000 so their "values" are that low. Is what it is.

My "solution" has always been to price a vehicle at what I would part with it for (or slightly over to allow bargaining) regardless of what values are supposed to be from NADA, KBB, etc. Anyone who says "but that's over market value according to X" gets politely asked go look at other examples and then come look at mine. The price difference will become apparent then.

Here's what KBB has to say. $3781-$6778 in very good condition.

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  #6  
Old 10-29-2020, 07:45 AM
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Originally Posted by BigBody View Post
...just came here to say i think one of your cluster bulbs needs replacement lol.
I've noticed, lol. It's been like that for few years and it's readable so I left it alone.
Actually, I have receipts where PO got a brand new cluster from BMW but of course the real fix is replacing ribbon cable.
I already had it done on MID radio but as long as it stays like that I don't want to risk damaging the instrument cluster.
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  #7  
Old 10-29-2020, 07:48 AM
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Quote:
Originally Posted by crystalworks View Post
Enthusiast vehicles are never priced accurately by standard trade websites. The sale prices of a 4.8is can vary from $3000 to $20000. But a whole lot more are going to be closer $3000 so their "values" are that low. Is what it is.

My "solution" has always been to price a vehicle at what I would part with it for (or slightly over to allow bargaining) regardless of what values are supposed to be from NADA, KBB, etc. Anyone who says "but that's over market value according to X" gets politely asked go look at other examples and then come look at mine. The price difference will become apparent then.

Here's what KBB has to say. $3781-$6778 in very good condition.

Attachment 79118
That is pretty much what I'm doing. I just want to sell it to thin the herd to 3 vehicles but every time I drive it I have second thoughts.
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  #8  
Old 10-29-2020, 07:52 AM
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Originally Posted by dkl View Post
I think their algorithm is that smart and just takes into account of all X5 in that year/mileage and just average it out.

Do Carmax still buy e53s?

That is the main reason why I am still hanging onto the old X5, even when it's hardly used anymore - mainly as my "backup" or poor weather car. The car is certainly worth a lot more to me than anyone is willing to pay for it! Other than the oil sensor, there's not a single other fault on the car!
Yeah, it's stupid for me to get upset because what you said it's true and I know that.
I have no idea if carmax would take E53 X5.
I may as well keep it as I'm tired of tire kickers.
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  #9  
Old 10-29-2020, 07:55 AM
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Originally Posted by Happy View Post
I just checked mine. It’s showing $5000 as well. That is actually good news, considering the last time I checked it was $2500.
Every car is different and I'm not expecting to get back my cost on upgrades and repairs but a lot of heavy lifting is done already and ai thought someone would appreciate it.
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  #10  
Old 10-29-2020, 09:05 AM
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Originally Posted by bmw540san View Post
Every car is different and I'm not expecting to get back my cost on upgrades and repairs but a lot of heavy lifting is done already and ai thought someone would appreciate it.
That's why you are disappointed; the market doesn't appreciate it. Someone that actually may will try to point to the market; its an uphill battle. As you've said, you will always get back fractions on the dollar that you put into it just prior to sale.

Since you've already done everything including new tires, its well in your interest to keep it.
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