Can I get some opinions?
#1
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Join Date: Feb 2010
Location: Boston MA.
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#5
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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?
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?
#6
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.
#8
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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!
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