mfrasca

What is this car worth?

http://boston.craigslist.org/bmw/cto/2119795632.html

Allen

I think it's worth middle 30's...

betelgeuse

I bet he would take less. Offer $28500 and see what happens.

Greg

mfrasca

It is my car. I have had it for sale for 3 months started at 32k no bites. now down to 30K see what happens.

AchtungE60

Worth to who? Who's your market? Private retail?
I'll be honest, a 550i is not a good retailer right now. Why? because it's not good on gas and with the economy the way it is, people are on the cautious side. Anything above a 3.0L is going to be a problem selling..well not a problem but you'll probably be sitting for a bit.

As a dealer I'd retail it as-is for $29,900.00
If I were buying, I would only offer about $26500 Cash for the car

Put it at $29,900 and wait. Someone will bite...may take a bit but they'll bite. Where are you advertising?

sholaesq

I won't pay more than $27000 for it. The 2008 550i with the sport package seems to be the more desirable e60 right now. Also, this one does not have a navigation system which is a useless device in that car but it seems to have a better finished dashboard with it.

sholaesq

There are many CPO 2008 550i sport going for $34k asking price.

AchtungE60

Sure, it may not have navigation but does have existing warranty and CPO on it which is really a trade off. Among other little goodies....pound for pound it equals out. I think my estimates are pretty solid. I have a dealer license and i wouldn't give more than 26500 as stated BUT I'm not on the retail end. If you're a buyer and willing to only go 27K for it then you'll be in a very competitive market and I would say goodluck!