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A 'reputable' performance car specialist came around today as it is time to sell my car to make way for the E60.

The car, even by my high standards, was looking fantastic. The dealer had a good look around, checked that the paperwork and specifications were all just as they should be, took it for a drive and promptly offered me £17,000 for it.

As a reminder, it's a left hand drive 2002 model ('51 plate) with almost everything on it including active comfort seats, satnav, Individual Audio with DSP, extended warranty, recent service (last week), full BMW service history etc. etc. I am the first and only owner and the car is very clean (never been on a track).

I understand that any dealer would want to 'turn' the car and make a fair profit but surely this offer is way too low! Or has the bottom suddenly fallen out of the market?

Am I unreasonable in expecting £20k-£25k for it? What is it really worth?

:confused2
 

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Hello Ashok,
You forgot to mention that you were THE Ashok to this idiot!:hihi:

I don't know what the market is like there in the UK, but your range sounds reasonable to me on the West Coast of the US for a clean 2002. The fact that it's yours should make it even more valuable!!

Good luck and best wishes,
Alfred
 

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Alfred I like the sound of THE Ashok :M5thumbs:

The mileage is around 84000 kms (52500 miles) which is not bad for a three and a half year old car.

BTW, the 520d emblem is magnetic :haha:

So what's it worth?
 

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I looked at Kelly Blue Book, and in my area, the trade in is $39,725 USD, or 21,920 GBP. Private party sale is $45,430, or 25,067.19 GBP. Suggested retail is $51,350, or 28,325.24 GBP.

Of course.. pricing might be different on the other side of the pond.
 

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Ashok Arora said:
Am I unreasonable in expecting £20k-£25k for it? What is it really worth?

:confused2
IMHO, the LHD drive kills the value. Why would someone buy a LHD one in the UK when they can pick up a similar one for a few grand more in RHD -

E30 M3 etc understood, but M5 will be hit by this.

Good luck whatever happens mate - drove the E60 a few weeks ago - its awesome!!

cheers
 

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Ashok Arora said:
A 'reputable' performance car specialist came around today as it is time to sell my car to make way for the E60.

The car, even by my high standards, was looking fantastic. The dealer had a good look around, checked that the paperwork and specifications were all just as they should be, took it for a drive and promptly offered me £17,000 for it.

As a reminder, it's a left hand drive 2002 model ('51 plate) with almost everything on it including active comfort seats, satnav, Individual Audio with DSP, extended warranty, recent service (last week), full BMW service history etc. etc. I am the first and only owner and the car is very clean (never been on a track).

I understand that any dealer would want to 'turn' the car and make a fair profit but surely this offer is way too low! Or has the bottom suddenly fallen out of the market?

Am I unreasonable in expecting £20k-£25k for it? What is it really worth?

:confused2

Ashok,

It is in beautiful condition and the spec is fantastic but of course its biggest down fall is being LHD in a RHD market... This will affect its price immensely.

Going on previous posts its seems to be a buyers market for M5's at the moment, and prices are being talked down all the time... Being LHD you may find it quite hard to sell...

Hexagon might like to buy it for "Nostalgic" reasons being your car... of course with a sticker price to match such a noble owner... maybe £45K :haha:

-Steve
 

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Wow Ashok, that's surprising to me. I don't think LHD should effect price much since there are probably lots of people who would take the M5 to mainland Europe, or so it seems to me.

I think what you're asking is about right. I don't know how it works over there, but here, you'll make more money if you sell it privately.

What worries me more is your new signature :sad3: Did I miss something? What's up with the muse?????
 

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Discussion Starter #9

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Ashok,


Check out www.Mobile.de and have a look at LHD prices, add a little for import agro and import reg costs, say £500 or so and that would give you a reasonable price £17k is low..............
 

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Ashok,

I was offered £14,500 against my late 99 with 72k miles. Tv but no sat nav.
That was from an Audi dealer against a car for my wife. Decided to buy the car and keep the M5...could not bear to let it go.

Good luck!!
 

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Bear in mind, I paid 17.5k for a 99 T Reg RHD, from a BMW Specialist in August 2004. My car is solid, but nowhere near as clean as yours Ashok. It had 58k miles on it when i bought it with full SH , BMW for warranty period then this Specialist. So was pretty kosher. Guess its worth about 15-16k now. Despite the "improvements" i've made!! (still needs a few little touches here and there!)

Being immaculate(as it is!) doesn't make it worth more just helps it sell quicker, in my opinion. (Didn't you agree a trade-in with the E60 seller? Is it too late to do so now?)

Wouldn't sell mine for the world now mind you. The Tubi has made it the best sounding car i've ever heard(and i've heard a few!)lovelove lovelove


Edit:
a car for my wife
I wish someone would offer me that trade!!!! :biggrin: :biggrin:
 

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Ashok Arora said:
A 'reputable' performance car specialist came around today as it is time to sell my car to make way for the E60.

The car, even by my high standards, was looking fantastic. The dealer had a good look around, checked that the paperwork and specifications were all just as they should be, took it for a drive and promptly offered me £17,000 for it.

As a reminder, it's a left hand drive 2002 model ('51 plate) with almost everything on it including active comfort seats, satnav, Individual Audio with DSP, extended warranty, recent service (last week), full BMW service history etc. etc. I am the first and only owner and the car is very clean (never been on a track).

I understand that any dealer would want to 'turn' the car and make a fair profit but surely this offer is way too low! Or has the bottom suddenly fallen out of the market?

Am I unreasonable in expecting £20k-£25k for it? What is it really worth?

:confused2
Sorry to hear about the low ball pricing your dealer is giving you, but unfortunately $tealers are known for that type of dealing. A private party sale might be your best bet. Good Luck
 

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Discussion Starter #14

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Try LHD specialists in the UK Ashok - there's one that always advertises in the specialist BMW press, is it called MSD Motorsport or something like that?? I was offered £32k for mine 3 months ago, 3 years old, 20k on the clock. Should have taken it.........
 

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rogbacon said:
Try LHD specialists in the UK Ashok - there's one that always advertises in the specialist BMW press, is it called MSD Motorsport or something like that?? I was offered £32k for mine 3 months ago, 3 years old, 20k on the clock. Should have taken it.........
They are called MCP-Motorsport and the url is www.mcp-motorsport.com

Unfortunately the market for LHD in UK is not strong and if you add to that the weakness of the car market in general especially for large engined cars such as the M5 then I am not surprised at the £17K offer. Think you are doing the right thing in trying to sell privately as you might be able to find the buyer who either spends a lot of time in Europe or is moving there.

Good Luck!!
 

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Thanks John for confirming the correct name - I was close!
 

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Why sell such a beautiful classic looking car. Just keep what you got. The 'new' look is in the eye of the beholder, however ..... :grrrr: Why take such a hit?

Good Luck no matter what you do :cheers:
 
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