Home Forums Articles How To's FAQ Register
Go Back   Xoutpost.com > BMW SAV Forums > X5 (E70) Forum
Fluid Motor Union
User Name
Password
Member List Premier Membership Search Today's Posts Mark Forums Read

Xoutpost server transfer and maintenance is occurring....
Xoutpost is currently undergoing a planned server migration.... stay tuned for new developments.... sincerely, the management


Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 01-29-2015, 04:56 PM
Member
 
Join Date: Jan 2015
Location: Midwest
Posts: 8
mjrage is on a distinguished road
Waterpump / Oil Leaks, etc.. Advice on Selling

I have a 2009 BMW X5 3.0 with 120k miles on it.
I've had it about 2.5 years, and put around 60k miles in that time. I commute to work quite a bit, etc.

I haven't had many problems, until now. The water pump and thermostat went out last week, and I had that repaired at an indy with parts off the web. It was about 900$ for everything.

During the repair, the tech noticed a lot of oil leaks, and I had smelled some oil when the heat was on. Long story short, he said basically every seal in the car was bad. He shot me a good price to repair, around $2200.

I'm having the dealer leak test it tomorrow and their estimate on all the seals is $5600.

The car book is 13-13.5k, I owe around 17. I was offered 12,000 from a non-bmw dealer. And 10k from the indy for it.

Would you trade this car away and take the loss or fix it and keep driving?

Really at a loss. Would like to hear from anyone who had similar issues and their decision.

Thanks in advance. I've crept these boards to fix some random issues with my old x3 and this x5, so thanks to all who have posted DIY's.
Reply With Quote

Sponsored Links

  #2  
Old 01-29-2015, 05:13 PM
ART-qitec's Avatar
Member
 
Join Date: Aug 2013
Location: Miami, FL
Posts: 103
ART-qitec is on a distinguished road
Quote:
Originally Posted by mjrage View Post
I have a 2009 BMW X5 3.0 with 120k miles on it.
I've had it about 2.5 years, and put around 60k miles in that time. I commute to work quite a bit, etc.

I haven't had many problems, until now. The water pump and thermostat went out last week, and I had that repaired at an indy with parts off the web. It was about 900$ for everything.

During the repair, the tech noticed a lot of oil leaks, and I had smelled some oil when the heat was on. Long story short, he said basically every seal in the car was bad. He shot me a good price to repair, around $2200.

I'm having the dealer leak test it tomorrow and their estimate on all the seals is $5600.

The car book is 13-13.5k, I owe around 17. I was offered 12,000 from a non-bmw dealer. And 10k from the indy for it.

Would you trade this car away and take the loss or fix it and keep driving?

Really at a loss. Would like to hear from anyone who had similar issues and their decision.

Thanks in advance. I've crept these boards to fix some random issues with my old x3 and this x5, so thanks to all who have posted DIY's.
With a 5-7k in negative equity and how the car's mileage is getting up there, I recommend you bite the bullet and get rid of it asap. The value of the car isn't going to go up (especially with your commute) and E70's are known for their terrible unreliability.
Reply With Quote
  #3  
Old 01-29-2015, 05:31 PM
Member
 
Join Date: Jan 2015
Location: Midwest
Posts: 8
mjrage is on a distinguished road
Thanks for the reply.

The non-bmw dealer, offered me 12k without knowledge of the oil leak. As, I didn't know either. (It was a week prior to the water pump going out).

Do I disclose this and take another hit?
Reply With Quote
  #4  
Old 01-29-2015, 05:51 PM
Member
 
Join Date: Mar 2005
Location: X5world
Posts: 356
lanbrown is on a distinguished road
My take, the dealer should inspect any vehicle they purchase. If they offer you 12k, then take it. Do you think used car dealers tell prospective buyers any issues with the vehicles they sell? They make sure the sticker says AS IS. All you can hope for, the next buyer has it inspected and they are told it is at least $2,200 to fix it.

If you did disclose it to the dealer and they drop their price, who is to say that they still won't sell it AS IS? You just put more of a profit in their pocket.

If they ask questions, answer truthfully. At the end of the day, it is their responsibility to know what they are buying.
Reply With Quote
  #5  
Old 01-29-2015, 07:20 PM
ard ard is offline
Member
 
Join Date: Mar 2006
Location: Sierra Foothills, California
Posts: 5,692
ard is on a distinguished road
Park it out front with the keys on the hood.
Reply With Quote
  #6  
Old 01-29-2015, 07:35 PM
Member
 
Join Date: Mar 2005
Location: X5world
Posts: 356
lanbrown is on a distinguished road
Yeah, but they might return it or they may not get very far and the cops find it a few streets over.

The OP could see if the the indy will come up in price. Given that they owe more than what it is worth though, at the end of the day, they will have to pay the remainder of the vehicle off. If it was stolen, they would still owe money on it. The OP is going to have to determine if they want to part between 5k and 7k out of pocket and then still need to get another vehicle or part with $2,200 (possibly more) and continue driving it.
Reply With Quote
  #7  
Old 01-29-2015, 09:26 PM
Member
 
Join Date: Jan 2015
Location: Midwest
Posts: 8
mjrage is on a distinguished road
Quote:
Originally Posted by lanbrown View Post
Yeah, but they might return it or they may not get very far and the cops find it a few streets over.

The OP could see if the the indy will come up in price. Given that they owe more than what it is worth though, at the end of the day, they will have to pay the remainder of the vehicle off. If it was stolen, they would still owe money on it. The OP is going to have to determine if they want to part between 5k and 7k out of pocket and then still need to get another vehicle or part with $2,200 (possibly more) and continue driving it.
Oh yes, the internal struggle I'm facing.

I do like the keys on the hood idea. Hm.

Thanks for all the replies. Hope to get something figured out in the next couple days. BMW in my area has little inventory as of this morning.
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On





All times are GMT -4. The time now is 06:03 AM.
vBulletin, Copyright 2019, Jelsoft Enterprises Ltd. SEO by vBSEO 3.6.0
2017 Xoutpost.com. All rights reserved. Xoutpost.com is a private enthusiast site not associated with BMW AG.
The BMW name, marks, M stripe logo, and Roundel logo as well as X3, X5 and X6 designations used in the pages of this Web Site are the property of BMW AG.
This web site is not sponsored or affiliated in any way with BMW AG or any of its subsidiaries.