Am I selling this right?

legomanx51v

First time selling a car privately... put an ad on donedeal with some good pics.
Have had a few calls but no buyers, how long does this normally take :pac:, any feedback on ad, price and what not to do?
https://www.donedeal.ie/cars-for-sale/bmw-530d-high-spec-low-miles/17948301

bazz26

I think your asking price of 17k is high given its 8 years old now and you can bring them in from the UK a lot cheaper now than before. The 3.0 litre has a small market here so it might take time to sell and despite having a very nice spec and low mileage most people interested might hold out for a M Sport over a SE.

For what it's worth here is one being sold by a dealer with a warranty asking 2k less:

https://www.carsireland.ie/detail.php?ad_id=1966095&r=s.php%3Fm%5B%5D%3D10%26o%5B%5D%3D87%26nn%3D22%26yn%3D2010%26yx%3D2011%26g%3D0

Heres Johnny

That is an extremely nice looking car but it's probably higher than the market will pay it's still all about the 520d these days.
But 570 tax a year loads of power and still decent mpg means there is a market definitely.
But at what price?

It probably doesn't command a premium over a 520d so price it relative to a like for like 520d and you should get it moved. I looked at a similar 520d from a dealer a while ago at 15500 for a 2011 with just over 100k and thought it was overpriced but he wouldn't budge. It's still up for sale a month later.

I think in the 13 to 14k range you could make a deal with someone.

drunkmonkey

I've just done you a favour, there were 8 X 530d 2010 F10's for sale now there's 7, ours are both a similar spec but I've decided to keep it, can't justify spending a load of money just to go up a few years on the reg plate to the same car.
It's 100% worth a premium over the 520 and lot of the 520's out there are poverty spec even through they might have a msport bodykit.
The best offer I had was 15k, your not going to get a nice one from the UK for less than that.
I was originally holding off advertising mine until your's sold and I didn't undercut you when advertising.
Best of luck with it, the pools a bit smaller there now.

drunkmonkey

I'd get rid of the tyre and brake condition, they can ask when they call and list the full specs of the car, my listing had..
BMW 530d SE


Black Sapphire Metallic
Black Dakota Leather
Black Factory Privacy Glass (rear and back)
Sports leather steering wheel with Paddle Shifters
Xeon Adaptive Headlights with Auto Dip and High beam assist
Professional widescreen Navigation system with DVD player and inbuilt hard drive.
USB Audio and line in.
Heated front seats
Chrome Exterior Pack
Wood veneer interior
Dual Zone Climate control
Electric Folding Mirrors
New 18inch Staggered M Sport Alloys with new tyres.
Park distance control front and rear with on screen display
Adaptive Sport & Sport + Engine and Suspension
Comfort access with interior mood lighting
Power Trunk
Removable Hidden Hitch
2 Keys
Full BMW service history

Very Fine example of a fully loaded 530d SE, hard to find with all these extras. 2 owners from new.
NCT until 02/2020

Serviced recently

Never Smoked in.

Feel free to copy, I won't be advertising it again for a good while..

legomanx51v

That car you’ve linked bazz seems to be on Uk plates so would be another 3k on top of the price.

Very interesting to hear how you got on drunk monkey, yours is very well specced and it’s hard to justify letting go of a very nice car for such a low price.
If I haven’t driven the car for a few days I’m always reminded how nice it is to be in but I’m just getting bored of an f10 after having one for 3 years and am not doing big journeys anymore.
Would love a nice yummy petrol

bazz26

legomanx51v wrote: »

That car you’ve linked bazz seems to be on Uk plates so would be another 3k on top of the price.

Very interesting to hear how you got on drunk monkey, yours is very well specced and it’s hard to justify letting go of a very nice car for such a low price.
If I haven’t driven the car for a few days I’m always reminded how nice it is to be in but I’m just getting bored of an f10 after having one for 3 years and am not doing big journeys anymore.
Would love a nice yummy petrol

How do you know that? Dealers are required to include VRT in their selling prices here. Just because their car is still on UK plates doesn't mean the price excludes VRT. They won't put it on Irish plates until it's sold.

Good luck with the sale but I think you will continue to struggle to sell it near that asking price.

drunkmonkey

I'm surprised the one bazz linked to isn't sold, think they need to change the alloys, it's a good little specialist garage, serviced my GTi a few times and bought one of my BMW's from one of the guys there. It could be because of the vrt if it's extra but my money's on the alloys and the only ok pictures. I recently got mine properly buffed and polished and it took years off it the black can fade it a bit.
Can see the appeal of a petrol, if I wasn't doing big milage over the next few years I'd probably buy a Golf R or similar. Would like something a bit more chuckable but power wise the 530d is up there with the best of them. Don't see the appeal of a 520, I'd say yours will sell I wouldn't go for a black again. I'd much prefer your colour as it's a lot easier keep.
Anyway change the wording, get a close up of the msport alloys and paddle shifters and if you feel like spending €50 get Mike in germsninks to unlock the DVD player might appeal to the guy who wants to shut the kids up with a movie when driving.
Interesting to hear what your going for next.

Heres Johnny

I personally do think it's worth the premium over the 20d but for every 10+ buyers for a 20d there are 1 for a 30d

That said the 1 buyer might place a premium on it but I think you are a year out and about 3k out on the price.

Not a dig in any way but you're in Dublin and selling a beautiful example of a car that is in demand to a certain extent and it's not moving.

Nothing wrong with the car at all so it's price I'm afraid. It's also decent money for a private sale with no comeback regardless of what car it is.

drunkmonkey

I wouldn't be letting it go for a penny under 15k and at 15 you have to question is it worth selling depending on what your buying.

He could hold the price and advertise it with a warranty just give mapfre a call and see what they want for 12mts warranty on the car and include it for the new buyer it's what a lot of main dealers do when the car is out of manufacture warranty, one of our cars is out of dealer warranty in 5k but they included an extra 3yrs warranty when we were buying just have to call the garage when it hits 99k to get it started, was bought from a main dealer.
It might be the way to go, http://www.mapfrewarranty.ie wouldn't hurt to write it down in the ad, nearest one then would the one from BMW main dealer at 22k and it's probably the same warranty.

grogi

drunkmonkey wrote: »

I wouldn't be letting it go for a penny under 15k and at 15 you have to question is it worth selling depending on what your buying.

The car is worth exactly as much as someone will pay for it. Someone buying it privately will not car about mapfree warranty, as everyone knows it is useless. What is important is when buying from dealer one is protected by customer protection laws...

I really don't see even €15k happening for 8 year old car in a private deal, when money is so cheap these days. It goes down if someone wants to sell the car or be selling the car...

drunkmonkey

I refused 15k for a nearly identical car, it's worth that price. He's is very clean with nice extras. If somebody knows their cars it would be certainly on their radar, it's just there's not as many buyers for the 3.0L even though it's a lot better car and a lot more expensive new, think it was a 20k difference between the 520d and 530d, it should still be demanding a premium over the 520.

Why is the mapfre warranty useless, mines about to move from manufacture warranty to mapfre in a few k's

bazz26

I bought a 3 year old 530D M Sport recently and I'd love if I could get 17k for it in 5 years time but realistically it ain't going to happen. People just won't pay it for an 8 year old example.

Also BMW dealers don't stick third party insurance policy type warranties on their cars, they stick a full 2 year BMW warranty on it which they add handsomely onto the price of the car for. I priced up a similar warranty from bmw-warranty.ie for the 530d which offers the same cover as the BMW dealer warranty, and that was coming in at just under 1k for 12 months.

GustavoFring

Just to give an idea wha you're up against in that price range - bought a similar mileage 3 year newer mint LCI 520d SE lately for herself. Included BMW service and BMW warranty extension, very similar extras bar the pro nav for €15k.

Yes it's 4 banger and not the 6 which I would prefer but to a lot of people it doesn't matter once the car goes and the tax isn't extreme.

I reckon €12-13k would get some interest but it may be worth more than that to you.

drunkmonkey

The dash looks old without the pro nav really cheapens the car I think, If no pro nav probably a host of other good extras missing, I'd nearly put money you don't have electric folding mirrors : )
Don't think you can compare the 520 to the 530 different animals. There a completely different drive. Your right most people wouldn't care and probably scared of a 3.0l as they've no experience with one and probably think it's expensive to own and run when it's not.
You wouldn't get a look at a 3yr newer 530 from a main dealer for 15k your looking at closer to 30k for the same car.
15 is a fair price, 12/13 is too low.

GustavoFring

No folding mirrors no:)

But specifics of the specs aren't my point. To Joe soap they're going to look at it as an expensive 8 year old car compared to a 5 year old version for less. Yes it's a better car, but to a lot of people the reg plate is the measure they use and pricing needs to reflect that to get interest.

Heres Johnny

Always interesting in these what's it worth conversations.
If it's not selling it's not worth what is asking.
There are loads of small time traders flipping cars for a small profit so when a car is priced well they jump on them.

It's worth what a buyer will pay, not what a seller wants.

As for the 20k premium between 530d and 520d when new that's fair enough but you are talking about wealthy people buying them new and can afford the premium.

As they depreciate to near zero that premium is narrowing and I can see a 520d being worth more to someone in the lower price brackets buying privately due to lower fuel, insurance and tax brackets.

I drive 5 series myself for last 10 years starting with a 2001 530i sport bought in 2008 for 8k with 65000 miles similar enough to your mileage. 7 year old car for 8k although it was petrol and it was the beginning of recession i cant remember if i even knew it or not. Original invoice was in the glove box it was a 67k car new. Sold it in 2011.

In 2013 I bought a 525i sport with a 2004 reg for 2500 euro. 92000 miles kept it for 4 years. Tail end of recession

In 2017 I bought a 2006 e60 523i sport which I still have for 4000 euro. I still have it and even though I'm getting a company car I'm giving it to fiance. She sold her Kia Sportage for 22k and there was a queue to come and buy it.

So overall even though I was buying petrol and tax was higher, the cars were going for next to nothing.

7 year old e39 for 8k, 9 year old e39 for 2.5k, 11 year old for 4k.

All 5 series. All petrol. All m sports. All under 100000 miles. I wanted them but not many others did. So it was valued at what I would pay at the time.

Similar story here. Perceived high tax, perceived high fuel bills, private sale, no warranty. 3.0d engine at a time diesels may be vilified and taxed to hell in next few years or banned from cities and the value plummeting.
Petrol was a pariah when I was buying mine and value was on the floor.

So I can't see your car making 17k or even 15k. I have bought good value 5 series just a bit older than yours in last while. Usually 1 model behind current but in the case of the 2.5k car it was 2 generations back. Selling them was a pain too it took ages and even with the good value I bought at I realised I wasn't getting my money back.

The 8k 530i was a 3k car after 3 years, the 2.5k 525i was a 1k car and the e60 for 4k is a 2.5k car now a year later. It's 4 years older than yours and a generation back, different fuel and higher tax and not as good an engine although its still a straight 6 2.5 but you are looking at 700% of the price of mine.
People just don't want them at low price never mind 17k

Beautiful car but manage your expectations around price. People can finance newer cars in 30 mins from dealers and drive away without handing over any cash.

Good luck with sale and I hope you prove me wrong but can't see that making more than 13k even though you have one of the best examples on the market by the looks of it.

Wildly Boaring

GustavoFring wrote: »

Just to give an idea wha you're up against in that price range - bought a similar mileage 3 year newer mint LCI 520d SE lately for herself. Included BMW service and BMW warranty extension, very similar extras bar the pro nav for €15k.

Yes it's 4 banger and not the 6 which I would prefer but to a lot of people it doesn't matter once the car goes and the tax isn't extreme.

I reckon €12-13k would get some interest but it may be worth more than that to you.

Just bought a v clean 2011 520D with 110k miles for 10 grand.

I'd pay a premium for a 530d though but down a year and SE as well wouldn't go another 5 or 6k.

There are plenty cars selling now. About 12 of the 40 I saved DD 2 weeks ago are sold but all were best value for what they were

drunkmonkey

In fairness the 520 had as inherent design fault I wouldn't touch one with a barge pole, I know a yard with a heap of them sitting down the back with knackered engines.
Unless its got a full verified BMW service history and you keep that history going the car is a liability.

grogi

drunkmonkey wrote: »

In fairness the 520 had as inherent design fault I wouldn't touch one with a barge pole, I know a yard with a heap of them sitting down the back with knackered engines.
Unless its got a full verified BMW service history and you keep that history going the car is a liability.

The chain is exactly the same in 530.

drunkmonkey

grogi wrote: »

The chain is exactly the same in 530.

Yes but the engine isn't under near as much pressure, the 530 isn't know for engine failure. It's common in the 520

Wildly Boaring

drunkmonkey wrote: »

Yes but the engine isn't under near as much pressure, the 530 isn't know for engine failure. It's common in the 520

Same chain. As much pressure? 1800 revs v 2000 revs at cruising? Say there's fewer failures cus there's fewer cars is all.

drunkmonkey

scanlone wrote: »

Same chain. As much pressure? 1800 revs v 2000 revs at cruising? Say there's fewer failures cus there's fewer cars is all.

That's fud the 530 doesn't suffer from the problem, just look at the UK, plenty of them there with no reports.

grogi

Let's not derail the thread...

Seller of an 530d obviously would think it is worth more because it does not have a fault, while a buyer will be as cautious as when buying 520d...

legomanx51v

Heated discussion folks, but moral of the story is that price needs adjusting, I've done that and will see if it attracts more.
Otherwise will get take it on a nice road trip down the country somewhere for the bank holiday, maybe even treat it to a wash before

Heres Johnny

legomanx51v wrote: »

Heated discussion folks, but moral of the story is that price needs adjusting, I've done that and will see if it attracts more.
Otherwise will get take it on a nice road trip down the country somewhere for the bank holiday, maybe even treat it to a wash before

I'm one that said it needs reduction to about 13k but don't go nuts with the reductions straight away either. Drop it down a bit like 500 see if it brings it on people's radar and generates more interest. If it does that's great if it doesn't then go another 500 in another week.

Depends on your timeframe. I would have been in the market for the likes of your car up to a few weeks ago but I'm currently exploring an i3 as a BIK free company car which will be quite a change!!

drunkmonkey

Why would he drop it to 13k when I refused 15k a week ago for the same car.

legomanx51v

So I've a potential buyer coming to view car tomorrow over lunchtime. If we agree on a price, whats the safest way to transfer this amount of money?
We can both go to the bank and do a transfer? Any one know what kind of transfer we need or how I can be sure the money will be paid to me?

Wildly Boaring

He brings draft to your bank. Get teller to verify and lodge.

Dunno if any bank does instant transfer that size.

GLWS

grogi

legomanx51v wrote: »

So I've a potential buyer coming to view car tomorrow over lunchtime. If we agree on a price, whats the safest way to transfer this amount of money?
We can both go to the bank and do a transfer? Any one know what kind of transfer we need or how I can be sure the money will be paid to me?

Ask the person to lodge the draft or cash directly to your bank account.

bazz26

legomanx51v wrote: »

So I've a potential buyer coming to view car tomorrow over lunchtime. If we agree on a price, whats the safest way to transfer this amount of money?
We can both go to the bank and do a transfer? Any one know what kind of transfer we need or how I can be sure the money will be paid to me?

You basically need the buyer's IBAN and BIC to do the transfer. If you both have the same bank then his IBAN will have his account and sort code in it afaik. You should be able to check your balance in branch to verify the money has gone across. If you both have different banks then the transfer might take more than a day to happen.

Wildly Boaring

bazz26 wrote: »

You basically need the buyer's IBAN and BIC to do the transfer. If you both have the same bank then his IBAN will have his account and sort code in it afaik. You should be able to check your balance in branch to verify the money has gone across. If you both have different banks then the transfer might take more than a day to happen.

Yep and if I was buying I'd transfer nothing without the car. Money = car

newmember2

bazz26 wrote: »

You basically need the buyer's IBAN and BIC to do the transfer. If you both have the same bank then his IBAN will have his account and sort code in it afaik. You should be able to check your balance in branch to verify the money has gone across. If you both have different banks then the transfer might take more than a day to happen.

Don't think any bank will allow you to transfer 15k in one day from a personal account.

legomanx51v

Thanks for the advice guys sold today for 15.5k. We went to his bank and did a transfer with the cashier and it should be processed today and with me by 1-2 working days apparently. We are with different banks otherwise they said it could have been quicker

grogi

legomanx51v wrote: »

Thanks for the advice guys sold today for 15.5k. We went to his bank and did a transfer with the cashier and it should be processed today and with me by 1-2 working days apparently. We are with different banks otherwise they said it could have been quicker

You got yourself good deal...

Heres Johnny

legomanx51v wrote: »

Thanks for the advice guys sold today for 15.5k. We went to his bank and did a transfer with the cashier and it should be processed today and with me by 1-2 working days apparently. We are with different banks otherwise they said it could have been quicker

Well done I was one of the posters that doubted you could get that much so well done. Thinking about it now the 530d was relatively rare in the f10 unlike the e39 and e60 so I suppose when a buyer is found it's going to go for decent price.
570 tax for one of those too is excellent

drunkmonkey

Great news, waiting to hear what's coming next...