Is it worth trying selling my car or waiting?

soapbloggs

My car is BMW 318 automatic 60k on the clock, great condition still under warranty. Been trying to sell it for 12k (bought for 17k in March 08), but the market for it still seems dead. What I don't understand is how the dealers often are looking for considerably more than what I'm asking for? Are they just sitting tight until sales start moving again? Would it not be a a very long time for car sales to get moving again considering the crisis where in? I've seen some cars on carzone.ie like mine selling for as little as 9k though having said this. Its not urgent but I don't want to wait a very long time, will I have to ask for as little as this to sell this car now?

galwaytt

The market is indeed, dead.

And you aren't even counting all the people trying to sell, couldn't and have taken them back off the market.

The market to sell is much bigger than the ads, even.

Esel

Stick it in the Evening Herald. You'd be amazed at how many people still look in the paper for a car!

bazz26

Put it this way to you, used car prices are only going one way so if you want to sell it then price it realistically. A car is only worth what someone is willing to pay for it, not what the seller thinks it's worth.

Otherwise hold on to it.

Atomic Pineapple

bazz26 wrote: »

Put it this way to you, used car prices are only going one way so if you want to sell it then price it realistically. A car is only worth what someone is willing to pay for it, not what the seller thinks it's worth.

Otherwise hold on to it.

It depends if your getting another car though, you may have to sell your car for less than you think its worth but if your buying second hand you will pick up another car cheap at this stage

soapbloggs

Thanks everyone for your replies, its much appreciated, has given me some things to think about.