Thinking of selling 135i in Brisbane

[Yaro]

Hi Folks,

I recently purchased an 09 model Black 135i with red leather interior.

I've realized that it's probably a little bit more than I need, so I'm thinking of selling it.

Anyone in Brisbane Australia know the best path for selling one of these?

On these forums perhaps? Or carsales.com.au or the Trading Post?

Thanks for your input.

Yaro

[BMW86]

Carsales is your best bet. Carsguide isn't a bad option either. I'd also advertise here as there are a few potential buyers who read these forums. What are the specs of the car? Auto/manual? I have a mate who's on the market for a good deal on a used 135i.

[Yaro]

Thanks for your advice.

It's an auto, just over 1,200 ks done so far, coupe with sunroof and the mid level nav system (not the 5K one, about 2k upgrade if I remember correctly), red leather interior.

[BMW86]

Ok good luck with sale. How much are you asking for it?

[Taymaishu]

I could be potentially interested.

I'll fire you a PM.

[sparoz]

Ronnie is wanting one. So PM him.

[05C4R]

if the dealer you got it off is low on stock they may take it back at a loss, but your gunna lose a shitload no matter how you look at it, its almost not worth selling cos of the massive loss you will face. probably 10k unless you claimed the gst.

[BigBoss168]

Originally Posted by beemer

if the dealer you got it off is low on stock they may take it back at a loss, but your gunna lose a shitload no matter how you look at it, its almost not worth selling cos of the massive loss you will face. probably 10k unless you claimed the gst.

Yeah, min they say you lose the second you drive out the showroom is the GST and stamp duty so $10k sounds about right.

[x5mad]

Realistically if you sell back to the dealer you will lose about 30%. Anywhere between 20-30k. The dealer would have gouged you on the initial purchase, will then gouge you for the buy back and then mark up enough to gouge the next buyer. Did I miss anything?

I wanted to trade my 135vert after 3 months for an M3 convertible, they wanted me to take a 30k hit on the 1 AND a markup on the M3 vert. Sheeeesh!!!

If you MUST sell then try private first.

[BigBoss168]

Yeah by a $10k loss I was referring to a) assuming you negotiated well with the dealer in the first place and b) a private sale not a sale back to the dealer.

With the current business financing environment being tight, dealers will hate to have to outlay cash to buy a car that they then have to try to on-sell.

[sparoz]

Yeah, you should be able to do pretty well selling it privately as it is virtually a new car and the dealer is wanting a mint if you buy it through them with no benefits as the cars are almost new. However, you will take a big hit trading yours in. It is not too bad considering most of us would have at least a 30% tax back (and 50% for some lucky bastards ) though.

That's why after doing the sums, I work out the amount that I lost would be equivalent to buying a little boat and a trailer hitch installed. Or buy a used Suzuki. I might as well keep the car for the time being.

[Yaro]

It was listed at 92K total retail with all the options and I got it for just under 86K.

I'd prefer to lose about 5K on resell given it's barely 3 months old, but I understand that may not be realistic, it all depends on the buyers around.

Thanks for the feedback though folks, I hadn't considered going back to the dealer, but a 30% mark-down is too much - I'd keep it at that rate!

[amk2912]

Originally Posted by Yaro

It was listed at 92K total retail with all the options and I got it for just under 86K.

I'd prefer to lose about 5K on resell given it's barely 3 months old, but I understand that may not be realistic, it all depends on the buyers around.

Thanks for the feedback though folks, I hadn't considered going back to the dealer, but a 30% mark-down is too much - I'd keep it at that rate!

I lost 30% when I sold my 135i back to the dealer after 11 months.

[Guran]

Man, that's an expensive "test drive" you've bought yourself. What on earth prompted you to buy the 135i in the first place? Surely you can't have learnt much more about the car after only 1200km. Very strange!

[BigBoss168]

Originally Posted by Yaro

It was listed at 92K total retail with all the options and I got it for just under 86K.

I'd prefer to lose about 5K on resell given it's barely 3 months old, but I understand that may not be realistic, it all depends on the buyers around.

Thanks for the feedback though folks, I hadn't considered going back to the dealer, but a 30% mark-down is too much - I'd keep it at that rate!

Based upon my searches for a new or nearly-new 135i, my guess is that to move the car you'd have to drop to about the low to mid 70s to move it.

In the current market I'd expect a discount of around $9-10k off the retail price of a new car (maybe more since Jan/Feb will be very soft months for car sales) plus a buyer of your car would have to eat on-road costs of about $3k which are included in the price of the new car.