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2004 545i Price?

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Old 08-04-2005, 03:10 PM
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Originally Posted by fuenfer' date='Aug 2 2005, 12:12 AM
I'm trying to sell my 545i, but am having a hard time figuring out the right price for the car.? Its got the sport pack, SMG, nav, premium sound, cold weather and a couple of other options and has about 15,000 miles on the thing.?

What's the right price for a private seller?? I've checked galves and kbb, but I'm not sure to what extent I can trust these values.? Any advice would be greatly appreciated.
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I have someone interested, once you make a set price thanks let me know
Old 08-04-2005, 03:16 PM
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Heck, I'm interested! Where do you live?

Now, I just need to find someone to buy my 530, and hopefully it'll be the same color so my wife won't notice!!!


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Old 08-04-2005, 03:40 PM
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My Ride: 2004 545i, Jet Black/Black, Manual, Sport, Logic 7
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My understanding is that KBB utilizes dealer asking prices, not actual selling prices; my experience has been that both Edmunds and KBB reflected inflated values for when I have both bought and sold.

I picked up my 2004 545i/manual/sport/L7 for $51k, CPO'd to 12/09. Depending on your local market, and assuming you have the standard warranty expiring in a couple of years, my guess would be to ask for around $49.5k. Hopefully you'll find a buyer who's really into SMG, which goes out of production next MY.
Old 08-04-2005, 03:45 PM
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Originally Posted by SteveHI' date='Aug 4 2005, 05:40 PM
My understanding is that KBB utilizes dealer asking prices, not actual selling prices; my experience has been that both Edmunds and KBB reflected inflated values for when I have both bought and sold.

I picked up my 2004 545i/manual/sport/L7 for $51k, CPO'd to 12/09.? Depending on your local market, and assuming you have the standard warranty expiring in a couple of years, my guess would be to ask for around $49.5k.? Hopefully you'll find a buyer who's really into SMG, which goes out of production next MY.
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Eh, brah, tanks for 'da kine information! (I am a displaced local, but never too displaced to forget my love of malasadas

Someone's agreed to buy the car for $49,000, and we will be closing the deal tomorrow morning. Given your information, in particular, I think I got a decent price for a private party sale.

But I have to say, this sale is a bit bittersweet ... I'm going to miss the 5er quite a bit. Having said that, the 911 CS arriving in September should ease the pain quite a bit.
Old 08-04-2005, 03:47 PM
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Originally Posted by paulwbenn' date='Aug 4 2005, 04:02 PM
Check around and see if you can get the "black book" price from a dealer.? This is what many dealers use and it has the latest prices at the wholesale auctions.? That will give you a true wholesale price and you can then price it accordingly.
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Around the NY/NJ/CT area, dealers keep referring to the "galves" database (available, for a fee, at galves.com). These guys are based in Teterboro, NJ, if I recall correctly, and report the wholesale/auction prices for the car. Therefore, their price is considerably lower than what a private or dealer sale would close at, but it's a good starting point to figure out what a dealer would give you for trade-in.
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