Beerman said:Z450 said:It’s all good suggesting what Cap says a car is valued at and WBAC auto trader etc but they are guides and that is all they are. I have not seen a private sale manual Z4 E89 with 55,000 miles sell for £6000. The previous op may have struggled due to being in Scotland not everyone wants to travel for a car.
There has been numerous low spec 30i up for very reasonable money. Quite a few dipping into the £6000 range. This car was advertised at £7800 and couldn't sell.
Some people aren't willing to travel. However, people in Scotland buy cars too. I've bought most of my cars from England as there is no suitable availability up here. If you're wanting something specific like a BMW Z4 3.0 you have to travel. It's not a Ford Fiesta where there will be numerous cars local. The car was in Glasgow which is a very easy city to travel to.
The reason it didn't sell was because it's an undesirable spec other than the engine and the price was already too high for it.
CAP is one of the most respected valuation tools. I'm lost that so many people choose to ignore their valuations when the car industry, insurance companies, and the insurance ombudsman, will use CAP for finding a realistic valuation.
When ALL valuation guides and tools are giving similar valuations, where are some people finding these high valuations?
People are complaining the car market is dead and they can't sell their car. They complain that dealers and car services are offering terrible money for their car. They aren't. They are offering what is deemed the market value and too many owners have unrealistic estimations what their car it worth.
Any car priced correctly sells.
Where are these numerous 3.0 z4 dipping into 6k?
A city like glasgow maybe straight forward to get to but not everyone has that time to want to do that.
Cap valuations have more value to say your every day car, not so much with Z4s.
You keep mentioning the spec, not everyone is bothered about the options on a car. Some people are some are not. It feels looking at some of your posts that you are devaluing peoples cars by giving out cap figures or criticising the spec. You did it with the original seller and are now doing it with the retailer.
You may not agree with the retailers value, but they are a business with over heads like rent, advertising and that’s before the government takes it slice in VAT and corporation tax
