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Old 21st November 2011, 22:04   #1
RXDOC
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Value of 2007 M6

I thought I would bring this question to this board:
What is it worth?

the good:
2007 M6, 37K miles Black/Black, SMG, Cold Weather Package, HUD, no mechanical issues.

the bad:
Salvage title, expert repair, have report/pictures it was minor front end, no engine/frame, just bumper

the ugly:
I know about salvage cars, the issues etc. Insurance would fully cover it now but NO loan, which is OK by me
Is it worth $29-30K if clean mechanical PPI?

Thanks
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Old 21st November 2011, 22:42   #2
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Something is odd there, first of all if it was just a bumper only and/or minor damage the car would not have been totaled. It would not have a salvage title. The way that could become salvage is if the damage was excessive enough that the insurance company felt it was not repairable. A non-salvage M6 can be bought for as low as $26,960 (36k miles in Milwaukee).

http://www.cars.com/for-sale/used/20...102&yrId=20200

If you buy a salvage title car you had better have a smokin' deal. Like $18,000.

Last edited by tampamark; 21st November 2011 at 22:48.
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Old 22nd November 2011, 15:06   #3
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Damage is to exceed 80% of blue book value for insurance company to total a car. I've also heard of them going well past 80% on some high end cars. First thing I'd be wary of with that car is if it has been in a flood, possibly from Hurricane Irene. While things may seem ok, flood cars will be constant headaches over time. A front bumper, even if needing replacement, would never be cause to total an M6.
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Old 22nd November 2011, 15:09   #4
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An impact to the front bumper might cause the car to be totaled if the air bags were deployed.

Not too sure about that. But it seems really strange.

Last edited by Hasan Shaikh; 22nd November 2011 at 15:10.
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Old 22nd November 2011, 15:54   #5
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I'd be a bit suspicious of any M6 that is $30K or below as dealer prices are still in the low $40k range for 2007 cars--either the seller is not aware of market prices which are easily discoverable or there is an issue with the car (either physically or a title problem). Also keep in mind that the Car Fax/Car Check reports are not infallible in terms of damage that the car may have sustained, my Jaguar got pelted by hail to the tune of $14K (complete repaint and extensive body work) and it did not appear on the report when I traded the car.
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Old 22nd November 2011, 16:24   #6
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Quote:
Originally Posted by jsherid1 View Post
I'd be a bit suspicious of any M6 that is $30K or below as dealer prices are still in the low $40k range for 2007 cars--either the seller is not aware of market prices which are easily discoverable or there is an issue with the car (either physically or a title problem). Also keep in mind that the Car Fax/Car Check reports are not infallible in terms of damage that the car may have sustained, my Jaguar got pelted by hail to the tune of $14K (complete repaint and extensive body work) and it did not appear on the report when I traded the car.
Good catch, that is very true. I just checked Manhiem and dealer to dealer cost are $36k and above. So with mark up you would be looking at a low $40's.

I took another look at the Cars.com list I had pulled, I believe the first 8 are scam listings, this was very common on Autotrader but I had not seen it on cars.com that much. But considering the low price cars were all by individual sellers with no phone contact info, some had identical pictures listed to several different names, or duplicate picture with same name but different towns, they are not real listings.
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Old 22nd November 2011, 16:36   #7
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Good to know about the scam listings, was not aware that was an issue with Cars.com/Autotrader. I noticed the duplicate image issue as well--especially as Interlagos Blue is one of my favorite colors (along with Sepang Bronze).

One thought for the OP, these are really complex cars that were manufactured to precise tolerances in order to function properly--you might be buying a nightmare if the crash damage to the body and to the systems was not repaired to a high standard.
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Old 22nd November 2011, 17:53   #8
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Quote:
Originally Posted by jsherid1 View Post
Good to know about the scam listings, was not aware that was an issue with Cars.com/Autotrader. I noticed the duplicate image issue as well--especially as Interlagos Blue is one of my favorite colors (along with Sepang Bronze).
Yeah, I did not know about this until I was searching for my Jeep Wrangler. There were a ton of them on Autotrader, just in great shape, that were listed for 30% to 50% less than what I was seeing in my local market. I contacted a couple and got the same reply back from both, "I am military oversees, the Jeep is in the depot at the base so it is unavailable to look at or get additional pictures, but if you want it send over the funds and I will ship this asap" and so on.

After seeing this I researched and found this was very common. I had not seen it on Cars.com but looks like it is there now...

www.scamwarners.com • View topic - Auto Trader Scam
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