Selling F10 BMW 5 Series

francis1978

Hello everyone,

I am trying to sell my F10 BMW 5 Series, I have it up for sale on Donedeal, Carzone and Cars Ireland. The car is a 151 - D reg,Msport, it has 81,000km, full BMWSH, all EGR related work has been completed by Conlons BMW Dealers in Naas, originally priced for 23k, I have reduced it to 21.5k to date I have had one offer of 20k - I received this offer the evening I put it up ad nothing else since, it has received over 450 viewings on Donedeal so I am surprised that no one else has made an offer etc.

https://www.donedeal.ie/cars-for-sale/151-bmw-5-series/21725194

I am wondering why it is not selling, it is competitively priced relative to similar models privately for sale, indeed some are far more expensive, is it because it is a private sale?

Thanks in advance

Wailin

Pictures are not great. You need a few of the interior as opposed to a load of close ups of the infotainment screen. It has a fairly low spec from what I see, standard 18" wheels, small screen sat nav etc so nothing really setting it apart from higher spec ones with a warranty from a dealer.

You'll need to drop the asking price unfortunately if you want to sell it privately.

Edit: just a quick search through donedeal and there are better specced versions for similar or less than your asking.

ShadowHearth

3 reasons, without even looking at the car.

1. It's a private sale for 20k+. It that price bracket people will want to buy from dealer. Not many will be willing to hand 20k to some bloke and then wait for log book.
2. It's F10 BMW. In the last year Donedeal is flooded with these from UK. You have a lot of competition.
3. With BMW most people will want warranty. Coming back to first point I made, in private sale they won't get warranty. Sold as seen.

Peatys

It may be competitively priced with other private sales, but are they shifting? Very hard to part with that kind of cash without a warranty.

drunkmonkey

Put back up the price to your originally 23.5k but offer it with a 12mt warranty. Bullet point the extras. Don't show any pictures of the entertainment system as it's the small one, that alone could be putting buyers off.
Contact mapfre on the cost of the 12mt warranty and if someone wants it you can buy it then will cost less than €500 but at least you can advertise it with warranty.

MetzgerMeister

A Mapfre warranty usually only covers sudden failure items. I got caught by this before so beware.

Stallingrad

drunkmonkey wrote: »

Put back up the price to your originally 23.5k but offer it with a 12mt warranty.

I wouldn't bother, unless it is a BMW warranty I doubt anyone will be interested. Bottom line is OP, as stated, dealers are awash with these, people can import themselves, and they are not an easy sell privately. They have also taken a knock lately with the whole EGR fiasco.

Best way to sell is to price it under €20k and take the first offer that is within €2k of that. Otherwise you could be with the car for some time.

If someone is coming to view also make sure the car is pristine, professionally valeted/detailed.

drunkmonkey

I wouldn't buy the warrant just cost it and advertise it with it, if they don't want it offer them a discount. Plenty of main dealers use mapfre I've had to use it didn't need to do a thing all looked after by main dealer.
Being the cheapest attracts the bottom feeders, ad definitely needs new pictures.
It has a full service history, ask conlons what they'd buy it from you for it's retailable and they can offer finance on it.

bazz26

My 2c:

1. Selling a car privately in that price range is always going to be difficult because many people buy cars of that value via finance. Banks will not give car finance unless the car is being bought from a registered motor dealer so this cuts down your potential market.
2. These cars are very popular which means there is a huge choice of them out there for potential buyers to chose. Even more so from the UK where they can be bought very cheaply once they start getting a few years old.
3. The time of year. Summer time is always a difficult time to sell a car as people are more focused on holidays, etc.
4. The EGR recall is a factor but not a long term factor on resale values, no more than the VW "dieselgate" cheating scandal was on the resale values of VW, Audi, Skoda, etc.
5. These class of big cars suffer hefty depreciation in their first 4 or 5 years, that and the number of them out there influences prices.
6. Spec and condition - when you have a large number of similar cars out there for sale, your one needs to stand out from the rest to attract a buyer.
7. Good photos - you need to take the best photos possible. You have one photo of the interior from the outside and it's from a distance. Get the car valeted/detailed before taking the photos so that it's presented at it's best.

Warranty I wouldn't get too much hung up on and I certainly wouldn't be buying one to sell with the car as it's money you won't get back. If a buyer is fixed on buying a car with a warranty then chances are they won't be browsing private adverts on donedeal anyway. Drop the asking price a bit more if it's a sticking price with a buyer but they will still expect you to drop it anyway whether you put a warranty on it anyway.

McCrack

And show the registration of the car for God's sake - people can do their own checks but obscuring it puts people off.

Think about it from a prospective buyers view...What else might you be hiding?...

bazz26

Of just ask them for it when talking to the seller about the car or are people spending stupid money on doing history checks of random cars they might be interested in but haven't contacted the seller about yet?

Theboinkmaster

francis1978 wrote: »

Hello everyone,

I am trying to sell my F10 BMW 5 Series, I have it up for sale on Donedeal, Carzone and Cars Ireland. The car is a 151 - D reg,Msport, it has 81,000km, full BMWSH, all EGR related work has been completed by Conlons BMW Dealers in Naas, originally priced for 23k, I have reduced it to 21.5k to date I have had one offer of 20k - I received this offer the evening I put it up ad nothing else since, it has received over 450 viewings on Donedeal so I am surprised that no one else has made an offer etc.

https://www.donedeal.ie/cars-for-sale/151-bmw-5-series/21725194

I am wondering why it is not selling, it is competitively priced relative to similar models privately for sale, indeed some are far more expensive, is it because it is a private sale?

Thanks in advance

Spec would be my biggest issue - if paying €20k for an F10 I'd be heading to the UK to get privacy glass, bigger alloys, wide screen etc.

Yours would be considered "poverty spec" so with the wide range available I'd hold out for much better spec.

Also no interior photos etc. your ad is quite poor.

California Dreamer

What are the offers on a trade in?

Heres Johnny

To the OP, last summer I bought a 2014 530d msport from UK dealer with a lot higher spec than yours, special order colour, wide screen nav, the expensive leather and about 50000 kms on it (I know speedo is in miles). In December the OH bought a 141 Audi A6 S Line from a dealership here. Again it was sub 60000 kms. Nothing special about spec on it as far as I know but it is immaculate.
So, 4 year old cars like yours.
Both from dealerships well established and we paid under 20k euro for each car.

If I was buying your car, and there's nothing wrong with your car despite some people calling it low spec etc..., I would be looking to take it for at least 2 to 3k lower than at a dealership.

Its hard to part with that kinda cash on a private sale and those cars are absolutely everywhere. Good luck with sale but it's gonna be tough to align your expectations with a buyers valuation.

James Bond Junior

I sold a 151 1 series earlier this spring on a private sale. 1 call and it sold for asking a week after a viewing. I offered the option of the BMW warranty extension as well as offering the option of finance through a finance house but they didn't take either up in the end. I actually put it up at retail price to see how I got on and it just happened to be the right car for the right buyer. Be patient and keep it bumped up.

NIMAN

2 previous owners?
So you are owner No.3?

On a 4 yr old car, that would set alarm bells ringing.

De_man

Ad is inconsistent table says no previous owners yet description says 2 previous owners - it would be worth proofreading and edit the ad

Good luck with the sale

Crusty Jocks

francis1978 wrote: »

Hello everyone,

I am trying to sell my F10 BMW 5 Series, I have it up for sale on Donedeal, Carzone and Cars Ireland. The car is a 151 - D reg,Msport, it has 81,000km, full BMWSH, all EGR related work has been completed by Conlons BMW Dealers in Naas, originally priced for 23k, I have reduced it to 21.5k to date I have had one offer of 20k - I received this offer the evening I put it up ad nothing else since, it has received over 450 viewings on Donedeal so I am surprised that no one else has made an offer etc.

https://www.donedeal.ie/cars-for-sale/151-bmw-5-series/21725194

I am wondering why it is not selling, it is competitively priced relative to similar models privately for sale, indeed some are far more expensive, is it because it is a private sale?

Thanks in advance

Have been looking at these for about 2/3 months in UK, same year and model, post VRT and expenses of bringing car back I don’t think your asking is unreasonable, particularly if you are willing to accept 1-2k less than asking. As suggested, ad could do with a bit of a tidy up and then just be patient, private sales are tough going particularly for a high end car.

millington

Private sales over 10k are difficult, over 20k is almost impossible. You will have to be around 4k cheaper than dealer retail to make it work to be honest.

Also don't hide the reg and more pictures of the car and less off the screen, boot etc.

Also, heres a similar car in a dealer so with warranty, finance, trade in etc. for very similar money

https://www.donedeal.ie/cars-for-sale/2015-2-0-520d-m-sport-new-nct-low-miles/21874777

Henry Ford III

millington wrote: »

Private sales over 10k are difficult, over 20k is almost impossible. You will have to be around 4k cheaper than dealer retail to make it work to be honest.

Also don't hide the reg and more pictures of the car and less off the screen, boot etc.

Also, heres a similar car in a dealer so with warranty, finance, trade in etc. for very similar money

https://www.donedeal.ie/cars-for-sale/2015-2-0-520d-m-sport-new-nct-low-miles/21874777

Wouldn't agree at all.

I sold a car privately for €30k in 2006. It was a rare and desirable car still under warranty mind you.

California Dreamer

Henry Ford III wrote: »

Wouldn't agree at all.

I sold a car privately for €30k in 2006. It was a rare and desirable car still under warranty mind you.

Massive difference between 2006 and 2019 and the way people buy cars.

Stallingrad

Henry Ford III wrote: »

Wouldn't agree at all.

I sold a car privately for €30k in 2006. It was a rare and desirable car still under warranty mind you.

Hardly comparable. OPs car is not rare, not under warranty and 2006 (pre crash) was a long time ago!

millington

Henry Ford III wrote: »

Wouldn't agree at all.

I sold a car privately for €30k in 2006. It was a rare and desirable car still under warranty mind you.

Thats a completely different scenario in a different era.

FamousBelgian

James Bond Junior wrote: »

I sold a 151 1 series earlier this spring on a private sale. 1 call and it sold for asking a week after a viewing. I offered the option of the BMW warranty extension as well as offering the option of finance through a finance house but they didn't take either up in the end. I actually put it up at retail price to see how I got on and it just happened to be the right car for the right buyer. Be patient and keep it bumped up.

What's the BMW warranty extension? Is that an independent extended warranty or an extension of the standard warranty through BMW? A family member is interested in finding an F10 wagon which is how I landed on this thread. If they are plentiful in the market does it make sense in looking in the UK or just taking one here?

And to the OP: I'd say your photos don't do the car any favours.

millington

James Bond Junior wrote: »

I sold a 151 1 series earlier this spring on a private sale. 1 call and it sold for asking a week after a viewing. I offered the option of the BMW warranty extension as well as offering the option of finance through a finance house but they didn't take either up in the end. I actually put it up at retail price to see how I got on and it just happened to be the right car for the right buyer. Be patient and keep it bumped up.

How were you able to get finance for a private sale?

Henry Ford III

California Dreamer wrote: »

Massive difference between 2006 and 2019 and the way people buy cars.

The boom is back!

p.s. A canny buyer with no trade and cash available in can still save a nice few quid by buying a newish vehicle privately. Add in a factory warranty and it's all good.