thoughts on this
- Thread starter jamesbond
- Start date
Well if anything this thread has shown people should be cautious and maybe it's given information that some may not have known about and a real world example.
Everyone is different but there is always a gamble. I also sold mine because of my situation but also because of its age and mileage.
Everyone is different but there is always a gamble. I also sold mine because of my situation but also because of its age and mileage.
By the seaside...
Liverpool
Both of my M5s were bought with over 80k on the clock.
The first one (3.8 e34) lasted until 176k miles with only regular maintenance.
The second (3.6 e34) lasted until 160,000 miles and was replaced by a 9,000 mile Z4MC which I've still got. Had the investigation into the problem I had with the 3.6 gone more smoothly/quickly then the (now known as minor) fault would have been sorted and I'd still have that.
Any car that is used a lot can get (relatively) expensive to run. I used to put about £1000/month (including track days, tyres, insurance, fuel, maintenance) into my M5s. The Z4MC is less than half of that for the same usage.
I know mine would be worth buttons if I came to sell it, so I'd either fix/upgrade it, or accept the pittance I'll get and look back on the fun I've had.
I can offer an opinion on whether something looks 'suspiciously' cheap, or overpriced, but it's up to the vendor to decide what they're willing to take for it. Personally I price cars I'm selling at about 10% of what I'll accept. If someone offers the asking price then all the better, but I know most buyers want to think they've got a bargain, so that 10% is their 'win'.
A vendor will soon find out if their price is outrageous, as it will just sit on Autotrader/ebay/gumtree/Pistonheads.
A vendor also has to factor in regional price variations, as I could get a dog of an e34 M5 in London for the same price as a 1 owner, lower mileage one in Inverness. I went for the middle ground and got one from Hull, but have seen the Inverness one since and know I made the wrong decision
The first one (3.8 e34) lasted until 176k miles with only regular maintenance.
The second (3.6 e34) lasted until 160,000 miles and was replaced by a 9,000 mile Z4MC which I've still got. Had the investigation into the problem I had with the 3.6 gone more smoothly/quickly then the (now known as minor) fault would have been sorted and I'd still have that.
Any car that is used a lot can get (relatively) expensive to run. I used to put about £1000/month (including track days, tyres, insurance, fuel, maintenance) into my M5s. The Z4MC is less than half of that for the same usage.
I know mine would be worth buttons if I came to sell it, so I'd either fix/upgrade it, or accept the pittance I'll get and look back on the fun I've had.
I can offer an opinion on whether something looks 'suspiciously' cheap, or overpriced, but it's up to the vendor to decide what they're willing to take for it. Personally I price cars I'm selling at about 10% of what I'll accept. If someone offers the asking price then all the better, but I know most buyers want to think they've got a bargain, so that 10% is their 'win'.
A vendor will soon find out if their price is outrageous, as it will just sit on Autotrader/ebay/gumtree/Pistonheads.
A vendor also has to factor in regional price variations, as I could get a dog of an e34 M5 in London for the same price as a 1 owner, lower mileage one in Inverness. I went for the middle ground and got one from Hull, but have seen the Inverness one since and know I made the wrong decision