What's it worth?

[Kris]

I'm considering selling my car... 08 model, Alpine White, Roof, Pro HiFi, Conti Sport 3 Contact Tyres, 90% thread. Car is immaculate with carbon mirrors and rear carbon diffuser.

11,500kms, rego till May

Thoughts?

[Gumball]

Redbook says 57-62k private sale.

[Kris]

are you serious? readbook can suck my left one

[jksgoh]

why are you selling? if you dont mind me asking

[Yep 135]

Mid to low to mid $70K's

[Kris]

Chris, thats what I would have expected, low 70s.

Why? Im thinking of downsizing alot of things, buying a bike and a old crapper car. Put more money into my house..

[Gumball]

Originally Posted by Yep 135

Mid to low to mid $70K's

No offense meant to Kris but his car would be worth minus the carbon around 80k OTR new if a buyer bargained - maybe less with the recession.

And the buyer will then need to pay stamp duty. No way 70k would be possible...

Redbook tends to be pretty correct most of the time - dunno how much data they would have with the 135 - they are pretty new and I doubt many have been sold 2nd hand. They could be basing the price on the 130i's depreciation??

My guess would be 65-67 assuming no scratches or accidents. Take the carbon, jb3 off and sell ebay or here. Private buyers HATE mods..

[MickyD]

Originally Posted by Gumball

Redbook says 57-62k private sale.

57k I'll cancel my 120d order and buy it right now

[Gumball]

Originally Posted by MickyD

57k I'll cancel my 120d order and buy it right now

Trade in price is:


$49,900 - $54,600
Be interesting to hear what a dealer offers for it?

If you check 130i and 325TI depreciation you will see they do not hold their value (like buying a Ford or Holden), the 135i being "something special" may hold its value better but only time will tell.

[Kris]

Originally Posted by MickyD

57k I'll cancel my 120d order and buy it right now

Micky, yours for $73k

[Zuzu]

Originally Posted by Gumball

Redbook says 57-62k private sale.

That figure quoted is for no roof and standard hi-fi..

[Gumball]

Options will not get you that much more 2nd hand. You will probably get 50-60% back at most. It all depends on the interest the car generates and quite possibly the buyer may want one without a sunroof etc etc - god knows. Discounts on the 135 were not around back in May last year but now days getting a great deal on a new one is not that hard. 2nd hand buyers will push you down especially in this financial climate (they will assume most sellers to be desperate (lost job, margin calls etc). And assuming you get 73k, the buyer will need to pay $2750 in stamp duty making the car a $75,750 purchase. If you can afford $76k, paying 5k extra for a brand new one is not much.

Just looked at carsales and found 2 x 138i E82 and one was 70k and the other 75k. I think from looking a while back, one has been there a long long time.

Personally take it back to the dealer, get an offer from them and if its really high, there obviously is a high second hand demand for the car. If its redbook style offer, well you know where the market is atm.

[Zuzu]

Originally Posted by Gumball

Options will not get you that much more 2nd hand. You will probably get 50-60% back at most. It all depends on the interest the car generates and quite possibly the buyer may want one without a sunroof etc etc - god knows. Discounts on the 135 were not around back in May last year but now days getting a great deal on a new one is not that hard. 2nd hand buyers will push you down especially in this financial climate (they will assume most sellers to be desperate (lost job, margin calls etc). And assuming you get 73k, the buyer will need to pay $2750 in stamp duty making the car a $75,750 purchase. If you can afford $76k, paying 5k extra for a brand new one is not much.

Just looked at carsales and found 2 x 138i E82 and one was 70k and the other 75k. I think from looking a while back, one has been there a long long time.

Personally take it back to the dealer, get an offer from them and if its really high, there obviously is a high second hand demand for the car. If its redbook style offer, well you know where the market is atm.

Not all true Gumball...

$5 K , hell even $1K can to most people is a lot of money... You cant assume that if someone can afford say $72K can they can stretch to $74K..

There limit might have been $68K and they are already strectched to $72K.

Might point was also that the redbook quote is for a stocker..

Obviously you will get more for a car with options regardless how much you depreciate the options..

[Kris]

Thanks Joe, I'm with you and feel I could sell it for the right price if I'm patient. Which I am... Ive yet to hear of anyone getting a substantial discount on the 135 so new prices are still high

[Gumball]

Originally Posted by Zuzu

Not all true Gumball...

$5 K , hell even $1K can to most people is a lot of money... You cant assume that if someone can afford say $72K can they can stretch to $74K..

There limit might have been $68K and they are already strectched to $72K.

Might point was also that the redbook quote is for a stocker..

Obviously you will get more for a car with options regardless how much you depreciate the options..

Agree and disagree. If you were talking a 20-30k car I'd agree but not the 135. 2nd hand buyers would want to save a fair bit, 6% depreciation off new with stamp duty is dreaming. There are idiots out there that will pay retail for everything and Kris may get lucky with 73k - its quite possible but the average used car buyer will look at Redbook and base their offer accordingly.

And If we assume redbook is correct for the standard car: $62k + $4500 approx new for options - maybe worth $2700 2nd hand. So 2nd hand value is approx $65k.

[Gumball]

Originally Posted by Kris

Thanks Joe, I'm with you and feel I could sell it for the right price if I'm patient. Which I am... Ive yet to hear of anyone getting a substantial discount on the 135 so new prices are still high

I got 6% off retail back in October. Seen ppl get better prices that me on this forum since then.

If you are patient you never know your luck!!

[bobbynoway]

As a buyer I go with red book prices.
As a seller in your case I go for what the market is offering atm.
Look at ads, carsales, trading post etc. Look at the supply and demand. For this model it will still be fairly new and so not that many on the market therefore prices should still be high.
And if the buyers think they might as well but a new car for extra $5k, tell them they will be buying a base model with few options, upto 6 month waiting time.

[dontask]

I hate to rain on your parade, but Brisbane BMW were selling a demo Sunblaze (eg: that redish/orange colour) 135i coupe, manual, sunroof for about the same price. It had 5-6000 kms on it. This was the last Saturday of March (when BMW had that "Sale").

Sticker was $79k, but the dealer mentioned that he was pretty sure I could have it for $75k drive away. He tried fishing for at least an offer, which he could take to "the Boss" (or whatever). In the end, I didn't make an offer - but makes you wonder how our cars will be hammered in the second hand market.

[Alext]

Last year you could buy a brand NEW base 135i (no options) for $75k on road. This is a fact. Maybe it is even less now considered the current economic environment. A used 2008 model in good condition would fetch low 60's.

[Gumball]

I actually read on whirlpool that some guy payed 71k OTR for a base.

I think whats come out of this thread - dont sell unless you REALLY have to

[Yep 135]

I stand buy what i said, mid to low 70's, you'll have to bargin (a bit) but at that price I think you will get a hook. Low k's plenty of features, be prepared to take a little lower than you would like as every couple of months go buy another thou goes off the price.
$72500.00 priced to sell!

[bfi2906]

FWIW - At the end of march, I signed up for an ordered car, manual, with roof and met paint - nothing else - for $75.5K OTR. - In Sydney - perhaps it differs from state to state, or city vs "country".

I feel like it was a very fair deal.