Not sure if this is the right place but I thought posting it here would get more responses. Looking to sell my 08 550i and need some input. The car has a blue book value of 24300-27500. When I purchased the car from the dealer they said that the accident that was on the carfax was that the owner backed into a pole. The car looked fine, the lines seemed straight so I bought the car. about 4 months ago I was sitting at a redlight when the douche behind me thought the light was green and hit me in the rear bumper. Not a bad collision but enough to rock me a little. Anyway, got that taken care of with an OEM new BMW bumper and it looks great. My question is how much is my resale value going to be with 2 accidents on my car. The title is a clean title but has 2 accidents on the carfax.

I'm not going to take too little for the car becasue it looks and drives great. Thanks for any input that you may have.

 

well it depends on if they do there research. a smart buyer who was truly interested would pull the carfax and use that to their advantage. my personal opinion is you should keep, thats a sweet looking ride u got there

 

I agree!!!

That's a great looking ride!! When I buy a car, I try to do as much research as possible and I go to kbb.com, edmunds.com, clearbook.com, blackbook.com, and nada.com to find the average value of the car. You can get an idea of what dealer trade-in is going to be. Just do a local search on autotrader.com and craigslist.com for local prices, price the car aggressively compared to what's available on the market and explain the aggressive price to the two minor fender benders. I say to be up front. Carfax does not go into detail about what the accident was, just that it was damaged in an accident. If you explain the minor rear end damage, then people won't be wondering if engine components were damaged or something like that...

I don't agree with trying to hide the crashes. People are gonna find out and then your gonna have to try and change the now negative attitude towards the car to a potential buyer...

But ultimately, I say keep that sweet ride!!!

 

I was not going to hide the crashes. I believe in being honest and would want someone to be honest with me as well. Im not sure if my accident showed up on the carfax or not but I have the bill and the pics to show how minor the accident was. I like the car, but having an emergency bill come up I realized that it would be better to be able to save thousands a year by selling it. I really just wish I would have kept my 2001 M3. Thanks for the compliments, I love the car and it gets lots of looks but I think I would just be better off with some good emergency funds

 

I vote for emergency funds! My opinion is that if the car was repaired after each accident, that it is NOT damaged. Thus, find what others are listed for on ebay, Craigslist (I've bought and sold many on there!) and the regulars, like kbb and edmunds. Then, adjust your pricing according to how quickly you need/want to sell it.

 

I put it up for 22k with black wheels and 21k with factory wheels. I'm not going lower than that either way i'm losing thousands.

 

You could probably get more than that. Remember to start high. People are always down to haggle. I put my old G37s up for sale at 24K which is way above its KBB but I was able to get 22k for it cause it was a clean ride.