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Thinking of flipping my car...

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Old Nov 1, 2009 | 02:58 PM
  #1  
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I'm contemplating flipping my car to get something a bit newer ...

I've seen a lot of 2006 3 series around for 18-20K and I think I can get around that much for what I have now.

Have any of you all privately sold cars? This is my first car and I'm not real sure what is involved in it?...what are the risks or precautions I take in order to make a good sale.

Any chiming in would be great!

Thanks.
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Old Nov 1, 2009 | 03:04 PM
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Originally Posted by slm6715' post='1044837' date='Nov 1 2009, 03:58 PM
I'm contemplating flipping my car to get something a bit newer ...

I've seen a lot of 2006 3 series around for 18-20K and I think I can get around that much for what I have now.

Have any of you all privately sold cars? This is my first car and I'm not real sure what is involved in it?...what are the risks or precautions I take in order to make a good sale.

Any chiming in would be great!

Thanks.
04 530 how many miles tho?
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Old Nov 1, 2009 | 03:07 PM
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Originally Posted by slm6715' post='1044837' date='Nov 1 2009, 06:58 PM
I'm contemplating flipping my car to get something a bit newer ...

I've seen a lot of 2006 3 series around for 18-20K and I think I can get around that much for what I have now.

Have any of you all privately sold cars? This is my first car and I'm not real sure what is involved in it?...what are the risks or precautions I take in order to make a good sale.

Any chiming in would be great!

Thanks.
I don't trade in cars, so I sell mine privately all the time.
Advertise on Autotrader or craigslist they seem to get more traffic.
Google the prospective buyer's name. I usually feel comfortable if their name is attached to a good job. On the other hand, there may be an alert against him/her.
Accept only a certified check or wire transfer. Ask them to fax you a copy of the check, before delivery of the car, and a copy of the business card of their loan officer, so that you can call the bank to verify it.
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Old Nov 1, 2009 | 03:08 PM
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65K...think i'm overestimating what i can get?
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Old Nov 1, 2009 | 03:11 PM
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Originally Posted by slm6715' post='1044843' date='Nov 1 2009, 04:08 PM
65K...think i'm overestimating what i can get?
Options? If u have a fully loaded car u might not be far off, a lil high, bare bones is another story...
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Old Nov 1, 2009 | 03:22 PM
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My Ride: Original E60 Spec: 530i - Silver Grey Out, Black Dakota Leather In, Navigation Pro, Voice Command, HiFi Audio, Sports Package, Premium Package, Cold Weather Package w/ Heated Seats, Style# 123 Alloy Track Wheels, Auto AC, Power Front Seats, Active Turn Xennon Headlights, Mods: OEM M-Tech Front Bumper, OEM M Side Skirts, OEM M5 Rear Bumper, M5 Trunk Lid Finisher, M5 Style Mirrors, Custom Hamann Style Splitter, Custom Hartge Style Diffuser, RD Sport Boot Spoiler, LCI Taillights, Bruce Miranda's V4 LCI Retro Cables, 6000K Xenon light Bulbs, Xenon White LED License Plate Lights, 8000K HID 9006 Fog Lights, Akalius� Front Headlight Euro Overlays, Matte Black Kidney Grilles, E60.Net Clings, Debadged, Llumar Tinting "Micro Edged, 15% Rear 35% Sides, Engine Mods: Custom Magnaflow Quad Exhaust w/ Eisenmann Stamped 3� Tips, RPI Scoop (Red) Added Electronics: V1 Equipped (Hardwired), OEM Alpine CD Changer Retrofit, Shoes: SOLD-20" Staggered Vertini Hennesey Rims, Falcon 452's Tires-SOLD New Shoes: 19" VMR 710 Hyper Silver, General Exclaim UHP 245/35/19 Front-275/30/19 Rear, Gloss Silver Caliper Paint Job DIY ^_____________ Retired ______________ Took Delivery 10/26/2009: LOADED! E60 M5 Silverstone II/Black, Active Seats, Comfort Ventilated/Heated Seats, HUD, Brushed Aluminum Trim,
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Originally Posted by sholaesq' post='1044842' date='Nov 1 2009, 06:07 PM
I don't trade in cars, so I sell mine privately all the time.
Advertise on Autotrader or craigslist they seem to get more traffic.
Google the prospective buyer's name. I usually feel comfortable if their name is attached to a good job. On the other hand, there may be an alert against him/her.
Accept only a certified check or wire transfer. Ask them to fax you a copy of the check, before delivery of the car, and a copy of the business card of their loan officer, so that you can call the bank to verify it.
Good info. If your car is not paid off yet, have your loan officer verify with their loan officer. They are the ones to lead you in the process. CL gets lots of hits. More so then Autotrader. Start with Autotrader and CL first. GL!
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