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-   -   resale (https://5series.net/forums/e60-discussion-2/resale-111431/)

tuffluck Mar 23, 2011 10:40 AM

anyone that has sold their bmw before, where have you had the most luck in selling it? autotrader/yahoo/etc.? carmax trade-in? bmw trade-in? thank you.

sy1616 Mar 24, 2011 01:44 AM

On here worked for me

sleeper50 Mar 24, 2011 07:03 AM

you won't get what you want for it....throw it off a bridge and collect the insurance! just kidding, good luck with the sale!

rctmthouse Mar 24, 2011 11:27 AM


Originally Posted by sleeper50 (Post 1321373)
you won't get what you want for it....throw it off a bridge and collect the insurance! just kidding, good luck with the sale!


best advice I've seen concerning reselling :twoup:

luigi524td Mar 24, 2011 12:46 PM


Originally Posted by sleeper50 (Post 1321373)
you won't get what you want for it....throw it off a bridge and collect the insurance! just kidding, good luck with the sale!

That's INSURANCE FRAUD :nono:

You have to stuff a dead body in the trunk first ... then set the car on fire ... then do the bridge thing :o

:P


Now to get serious .... Depending on your particular market, and the car you're trying to sell, your approach needs to be customized. For example, trying to sell a unique high-end car by advertising it in a small town newspaper might not get you the greatest number of eyes looking at it. Networking with pre-owned car dealers who move high-end cars might be an alternative to consider. They will sometimes take a car on consignment and try to sell it for you for a "reasonable" commission.

SmG-Deuce Mar 24, 2011 04:55 PM

Craigslist worked wonders for me and my friends

mrich1353 Mar 24, 2011 05:42 PM

Ditto on Craig s list! Costs nothing. Sold my 2006 530XI to first person that called two days after posting. My car was fanatically clean with 67K miles; the big plus was CPO and maintenance on the vehicle to 100K. At the time , I sold it for $27k with a cash buyer.
The only tricky part selling yourself is dealing with the transfer if you have the car financed. Once my buyer committed, I used my own funds to pay off loan through BMW Financial Services (can be done in less that one week) so I had title in hand. If you have the vehicle financed, talk to your lean holder on how to proceed. If your state is like PA, you cannot physically transfer ownership of a vehicle without the title in hand.

tuffluck Mar 24, 2011 05:55 PM


Originally Posted by mrich1353 (Post 1321554)
Ditto on Craig s list! Costs nothing. Sold my 2006 530XI to first person that called two days after posting. My car was fanatically clean with 67K miles; the big plus was CPO and maintenance on the vehicle to 100K. At the time , I sold it for $27k with a cash buyer.
The only tricky part selling yourself is dealing with the transfer if you have the car financed. Once my buyer committed, I used my own funds to pay off loan through BMW Financial Services (can be done in less that one week) so I had title in hand. If you have the vehicle financed, talk to your lean holder on how to proceed. If your state is like PA, you cannot physically transfer ownership of a vehicle without the title in hand.

awesome man! thanks for the tip on craigslist.

when did you sell your car? if i could get 27k for my car, i might also give the buyer a blow job.

luigi524td Mar 24, 2011 06:35 PM


Originally Posted by mrich1353 (Post 1321554)
Ditto on Craig s list! Costs nothing. Sold my 2006 530XI to first person that called two days after posting. My car was fanatically clean with 67K miles; the big plus was CPO and maintenance on the vehicle to 100K. At the time , I sold it for $27k with a cash buyer.
The only tricky part selling yourself is dealing with the transfer if you have the car financed. Once my buyer committed, I used my own funds to pay off loan through BMW Financial Services (can be done in less that one week) so I had title in hand. If you have the vehicle financed, talk to your lean holder on how to proceed. If your state is like PA, you cannot physically transfer ownership of a vehicle without the title in hand.

Your experience is better than mine. Two unscrupulous buyers tried the same scam in buying ... as in they offered to send a check for more than the purchase price and expected me to send them a wire transfer with the difference. RIGHT!! Turned it over to law enforcement and CL's security folks. I pulled the ads and sold the RV and wheels to someone I could look in the eye and take to the bank with CASH!

If the OP decides to do the CL route my advice is BE ON YOUR TOES!! That place is overrun with scammers.

mrich1353 Mar 25, 2011 08:37 AM


Originally Posted by luigi524td (Post 1321567)
Your experience is better than mine. Two unscrupulous buyers tried the same scam in buying ... as in they offered to send a check for more than the purchase price and expected me to send them a wire transfer with the difference. RIGHT!! Turned it over to law enforcement and CL's security folks. I pulled the ads and sold the RV and wheels to someone I could look in the eye and take to the bank with CASH!

If the OP decides to do the CL route my advice is BE ON YOUR TOES!! That place is overrun with scammers.

Mine was local guy face to face paying cash through his business - indeed the needle in the hay stack! Many scams on Craig's - must be careful!
The vehicle you are trying to sell on your own must also be equal or better than typical average car. If your car is a piece, nobody will buy your problems - trade it in taking your lumps, then let the dealer wholesale to another lower end used car dealer, who puts lipstick on it to sell.


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