Trading or Selling My M5 ???????

1346 Views 11 Replies 8 Participants Last post by Ocean's M5, Jul 14, 2005

Apex

Discussion Starter · Jul 14, 2005 (Edited)

I am moving on to a different auto with a little more room I am just trying to figure out what my Beast is worth. The dealer that I am dealing with says they will give me $37k as a trade in. What can I expect to get if I sell it my self? Here is what I have:

2001 M5 Silverstone / Black Sport (full Leather) Alum Trim
40,121 ml.
CPO until Oct 2006
All Air bags F/R
Completely stock no mods
The Clutch seems to be in good shape ( never raced from a stop)
Interior is great two light scratches on trim
Paint is very good about five small rock chips upfront
Tires are Michelin Pilot A/S with 60% tread left
Biggest issue is Wheels need to be refinished

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ard

· #2 · Jul 14, 2005

I'll give you $50k for your car.... just don't ask what I'm SELLING you the new wheels for!

You could sell that car in 4 days for $37k. IMHO. The great thing about trades is dealers can play both ends of the deal. (Great for the dealer...)

35-37 for an 00, add 5 to 6k per year newer.... rule of thumb

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Apex

Discussion Starter · #3 · Jul 14, 2005 (Edited)

ard said:
I'll give you $50k for your car.... just don't ask what I'm SELLING you the new wheels for!

You could sell that car in 4 days for $37k. IMHO. The great thing about trades is dealers can play both ends of the deal. (Great for the dealer...)

35-37 for an 00, add 5 to 6k per year newer.... rule of thumb

Ahh Yes
I made the deal on the new car which I feel is very fair
Then put my beast in the picture which they promptly wanted to give me $34k I said $39k he said $37k I said I would think it over
By trading at $37k I would save about $2k in sales tax
So if I could get $41k or more it would make since to sell the Beast myself.<o =""></o>

OPINIONS ???<o =""></o>

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Stickman

· #4 · Jul 14, 2005 (Edited)

Apex said:
By trading at $37k I would save about $2k in sales tax
So if I could get $41k or more it would make since to sell the Beast myself.<O =""></O>

OPINIONS ???<O =""></O>

I think you should be able to get more than $41K. But you know your local market best. You certainly would on the west coast. Good luck!

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M5 Fever

· #5 · Jul 14, 2005

If cash flow and time are important, that may be the overriding influence. If not important, I would venture you could do better selling yourself.

good luck

al

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MEnthusiast

· #6 · Jul 14, 2005

IMHO you can do better- but you may have to weigh in convenience factor. I think Adam is right- its got to be around 50 for what its FMV is.

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gsfent

· #7 · Jul 14, 2005

MEnthusiast said:
IMHO you can do better- but you may have to weigh in convenience factor. I think Adam is right- its got to be around 50 for what its FMV is.

I'll add my $.02. I think low to mid 40's is the best you can expect for a stock '01. While a low mileage car for its age, it is not ultra low miles that tend to bring a premium. It is prob out of warranty, so no bonus for that. I agree that unless you are time constrained for the extra cash , or constrained by the convenience factor, a sale will yield anywhere from an extra $2-$5k in the end.
Regards,
Jerry

'01 Black/caramel
Dinan Stage 3 suspension, SS jet coated headers, ESS SC kit w/ 1 range colder NGK's, 92mm pulley, 440 Big Greens, TTFS alpha N tune for meth, RK plenum plates, SBC Endurance Stage 3 Kevlar performance clutch setup, "Jed" lightened DMFW, open brake ducts, TEC cupholder, U.S.(Euro style) tilt/slide armrest, 6k HID fogs, Umnitza bi-xenon flamethrowers w/6k super white low beams, rear fogs, V1/Stealth1, dual head LI, 2.65 diff w/40% lockup/2x dynamic, compact spare, M5 logo trunk carpet, Euro trailer hitch, Mocal oil cooler, ACS type rear spoiler, Rogue custom SSK and tranny mounts, ST 355 BBK (fronts), BP sway bar brackets, Bluetooth retrofit, Speedhut boost gauge (20 psi), Dinan TB's and VS, KB BAP, Howerton/HFS-3 Aquamist WI trunk setup (50/50), with 2nd gauge in rear view mirror, aftermarket trunk mounted sound system integrated into stock unit (amps, crossovers, sub and speakers).......

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ard

· #8 · Jul 14, 2005

MEnthusiast said:
I think Adam is right- its got to be around 50 for what its FMV is.

No, that was a joke to point out the foibles of trades. Low 40s.

Good luck!

A

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wilsodh

· #9 · Jul 14, 2005

I'd trade it. Here in the midwest $41k would be a stretch for a less-than- perfect non-CPO '01. I walked away from a '01 for $38k that is similar to your description. Dunno know what the market's like in Texas, but also dunno why it would be much different.
Good luck.

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Apex

Discussion Starter · #10 · Jul 14, 2005

gsfent said:
I'll add my $.02. I think low to mid 40's is the best you can expect for a stock '01. While a low mileage car for its age, it is not ultra low miles that tend to bring a premium. It is prob out of warranty, so no bonus for that. I agree that unless you are time constrained for the extra cash , or constrained by the convenience factor, a sale will yield anywhere from an extra $2-$5k in the end.
Regards,
Jerry

Forgot to add that it is CPO until Oct 2006

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ard

· #11 · Jul 14, 2005

Apex said:
Forgot to add that it is CPO until Oct 2006

Post it here for a week or two at $42. See if someone will save it from the dealer.

A cpo is a very important item for many buyers, esp the 00 and 01s...

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Ocean's M5

· #12 · Jul 14, 2005

Take a look here for comparable sales

I think that a STOCK M5 is more desirable, especially for an astute purchaser. i would put it at $47,000 and maybe drop 1 or 2 large for the right buyer. Not too many Stock M5's remaining...

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