Sell As-Is or Repair First? - BMW M5 Forum and M6 Forums
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post #1 of 23 Old 24th June 2019, 05:40 PM Thread Starter
Richbob
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Sell As-Is or Repair First?

Ok, after more than 12 years with my M5, it's time to sell: bought a 911, and wife says I can't have both.

Here's my dilemma: while the overall condition is very good, there are a few things that I would do if I kept it. None of the things that could be repaired are impacting the performance of the car; most are cosmetic.

Since the car has about 147k miles, I'm just not sure if it would be worth the investment; i.e., fix and ask a higher price, or lower the price and let the next owner decide what he/she wants to do. Having said that, I HATE to have people think I have neglected the car and let it run down. It stopped being a daily driver when I retired in 2010, and needed maintenance and repairs have been done: I have 12 years of maintenance records, and a spreadsheet itemizing such.

So, given those parameters, and the current state of the market, I'd love to hear opinions on how I should proceed.

Thanks.
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post #2 of 23 Old 24th June 2019, 06:55 PM
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Rich are you thinking about the interior? I can't recall if you ever had the Caramel redone or not. You can have Brian refresh the seats and steering wheel for a very reasonable cost, and they'll look amazing. I can't fathom not at least breaking even on funding that work (if it's needed).

Current stable:

2019 M2 Competition 6MT LBB, slicktop
2011.5 M3 sedan 6MT Silverstone, slicktop: Dinan front swaybar, Eibach rear swaybar, pins-out-max-camber-up-front, Dinan exhaust, Michelin PS4S, Apex EC-7 9.5/10.5x19
2007 328i wagon Silver/gray: Eibach 28mm front swaybar, E93 M3 rear swaybar, 219M M3 wheels, Michelin PSAS3+
1975 CanAm 125MX2: Stock, original owner
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post #3 of 23 Old 24th June 2019, 08:42 PM
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Sounds like you plan to sell it yourself. Having just sold my 93 E34 on BaT, I'm convinced that 's the way to go. I found some of my notes from earlier in the year when I was considering selling and I was thinking 18k (based on KBB). EAG made a direct offer a little above that. It actually sold for $50k which was beyond my wildest expectations. I tried to make mine as like-new as possible but did leave a few things untouched (e.g. one mirror motor), which I documented in the description and on-line comments.
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post #4 of 23 Old 25th June 2019, 12:09 AM
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Forget about using KBB as pricing guideline for these cars. It's worthless. See EAG and BaT for the Unicorns, this forum and BMWCCA for enthusiast-owned cars, internet sites like Autotrader. I've never used Ebay so can't comment. Mr. Market knows all! Keep in mind BMW brought only 10,000 of these to the NA market 2000-2003. Many are gone, a bunch hacked up and flogged, but there's many waiting to be brought back to standard.

Last edited by swingwing; 25th June 2019 at 12:31 AM. Reason: Added sentences.
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post #5 of 23 Old 25th June 2019, 07:20 PM
KevinM
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What things are you considering fixing before the sale? I agree with Chuck in that cosmetic fixes (for better or worse) are what will likely bring you more money on the sale.

Kevin

2020 M2 Competition, Hockenheim Silver/6MT
2002 M5, Sterling Gray/Caramel
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2016 F80 M3, Mineral Grey/Golden Brown/6MT European Delivery - gone
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post #6 of 23 Old 25th June 2019, 09:13 PM Thread Starter
Richbob
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Cosmetic Fixes

Just two things, really: the caramel interior, and a small hole in the back bumper cover (someone backed into me in a parking lot, and left without acknowledging that they had hit my car - the hole is about the size of a quarter, and right under the driver's side black strip). The interior is something that I really should do, although it doesn't look that bad (mainly the driver's seat and door panel). But, I've seen Brian's work, and I agree that it would add value.
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post #7 of 23 Old 25th June 2019, 10:10 PM
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There ya go. Hire Brian to freshen the interior, and it probably doesn't make sense to buy a new bumper cover, paint it, install it. However, I know a couple of people who have used https://www.autopaintinaday.com/ for minor bumper cover repairs/paintwork like that and were shocked with how nice it turned out (note, I have no personal experience with this place, so word-of-mouth) -- might be worth an estimate at least.

Current stable:

2019 M2 Competition 6MT LBB, slicktop
2011.5 M3 sedan 6MT Silverstone, slicktop: Dinan front swaybar, Eibach rear swaybar, pins-out-max-camber-up-front, Dinan exhaust, Michelin PS4S, Apex EC-7 9.5/10.5x19
2007 328i wagon Silver/gray: Eibach 28mm front swaybar, E93 M3 rear swaybar, 219M M3 wheels, Michelin PSAS3+
1975 CanAm 125MX2: Stock, original owner

Last edited by CSBM5; 25th June 2019 at 10:11 PM.
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post #8 of 23 Old 25th June 2019, 11:53 PM
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As one who enjoys spending/wasting time on BaT, I'd say definitely fix up first. If you go the BaT route, an engaged and active seller goes a long way.

BLUE HEAVEN:
Interlagos 06 M3, Autologic tune, K&N CAI, Agency Power midpipes/exhaust, Fortune Auto coilovers, UUC SSK. MRegistry listing here

Le Mans 2002 M5, Black/Tech Graphite, Conforti Shark, Rogue SSK, Dinan exhaust, PSS9 coilovers, a few other nice items. MRegistry listing here.

Work, Wine and Wheels: http://chrisparente.com


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post #9 of 23 Old 27th June 2019, 01:44 PM
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I would have the interior work done and also a paint correction/full detail. It's amazing how nice a car looks afterward... especially a car you've been looking at as long as you have... you start to glaze over imperfections that a "new set of eyes" (ie, potential buyers) will see easily. As for mechanical maintenance, it depends what it is. Certain things I would say can add intangible value but most stuff will not. Basic things like spark plugs, filters, fluid changes... some buyers will do those regardless of the maintenance history just for their own peace of mind and/or to use their favorite brands.

Post up some pics for us!

Tim

2013 M5 Imperial Blue/Silverstone II, 6MT 64k miles

2000 Anthracite daily driver
UUC dssr and shifter
Supersprint headers with Tubi catback
Jailbreak tuning
Dinan 3.45 JED lightened flywheel
286,000 miles and counting

'00 Imola/Imola 107k stock

'00 Silverstone/Silverstone 129k (SOLD)
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post #10 of 23 Old 27th June 2019, 05:55 PM Thread Starter
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Pictures

Ok, here are a few pictures I took recently (took me awhile to figure out why they weren't uploading).



The pixels in the dash were done, and the backlight changed to white at the same time. The center armrest was replaced with the Euro version, which removes the phone slot, and has a small tray under it. The cup holder is VERY handy there - I never use the two that are built in.



If you expand the picture of the rear, you can see the very small hole just under the black strip, right at the corner.
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