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tominizer 05-02-2016 08:37 AM

Buying a Used Car Lately ?!?!
Ok, so this is a bit of a rant about the used car market and the people in it. And yeah, maybe I'm wrong about all this but bear with me. *th-up* It's just an opinion and something I wanted to get off my chest. I'm just a bit stunned with the market right now compared to the old days when I last shopped for used cars. And I'm talking mainly about 10+ year old BMW's and not rare stuff like M1's either. Once again, just some old guys opinion so don't take this personally and rage on it..........

I've been hammering it through the used car market across Canada looking for a cabriolet and even checking out the odd Porsche 968 (last gen of the 944) since last summer. And what I'm finding is a LOT of sellers who just don't give a F*** about their cars or the buyer. AND, they want premium dollars for their rides. They act out in a manner that I call peacocking....... like they are some f***ing celebrity and they are untouchable selling gold plated investments. They are doing the Howard the Jeweler thing. I even had some douche-bag, whom I've never met, tell me during a cold call that I'd be lucky IF he let me test drive his E36 cab, never mind touch it. His $8K E36 was "apparently" with high end car broker at the time. And this was a regular E36, not even an M car. WTF !?!??!:confused: Are you kidding me?? Yeah, I'll be right over with my white gloves there braaaah. Is that rust bucket on a rotating platform in your living room??? How is that sort of attitude going to attract honest buyers??

And so many using the same well proven TV show lines. Yeah, it's coming up in value and guaranteed to be a classic. Great investment potential. Only made these in limited numbers in this color and trim with these wheels that I bought on Craigslist. "Mint" condition and you'll never find another one like it on the planet, maybe the universe. By the way, WTF does "mint" condition mean?!?!?!? fcplm Your "minty" sh!t is all ripped up and dirty as F***. Your ride that you are selling looks like a war car that a Tim Hortons bomb went off in. I understand you have to sell it but please......... be reasonable with what you say and understand what you are selling. And clean up the car so it's presentable, but don't over-do it with the armor all so that it's a grease-pit. And if its a third world dog on wheels, call it what it is. Oh, and I just put $8K into maintenance thus why the price. WHAT!??!? :eek: That's because you don't take care of it you moron and nothing more than that. I'm not paying for your stupidity and lack of respect of the automobile. See-ya........ *wave*

The other sweet trick I've heard a lot of lately is people that say they are getting this huge dollar value on trade-in so that's their starting point. Listen, wholesale pricing more often then not dictates trade-in values. So don't buy into the BS where someone is stating they are getting these big dollars on trade-in (unless it's something really rare and has a huge demand). Stealerships don't want to pay you anything for your trade-in. Knowing wholesale goes a long ways in establishing where to start to ensure you are not bending over and taking the salt encrusted soap in the whoo-whoo. :moon: Thing is you're more likely than not over wholesale on private and dealer sales unless you find a steal or the thing has a pant-load of problems but it is a good thing to be armed with for a starting point.

And sometimes you WILL pay much more than what's reasonable because it's EXACTLY what you want. So then, don't worry what others say. It's really none of their business anyways. It's not a competition as to who scored the sweetest deal and stole something away. That's another fairy-tale. If you find it, it's what you REALLY want, you're willing to pay that price AND you have the cash, drop it and never look back. Just remember, cars are not really a good investment anyways. So be prepared to lose any way you look at it. I recently found such a deal on the east coast. Low mileage, incredible condition, well over-priced too. But he decided to pull the ad and sit on it a bit longer as he found he wasn't so sure he wanted to sell it anymore. Crap!! *sad* And never mind it was over-priced, still needed to add taxes and shipping to that.......... so it was going to be thousands over-priced easily. BUT, I was considering it. Seriously considering it even though people told me I was nuts and would never be able to get my money back out of it.

Lastly, get a PPI every time. But we all know that now..........

Blackedout95 05-02-2016 08:46 AM

Stay away from e36 go E30 again :) Those are rising still a bit and are classics...

I hear ya though on the rest.

dbworld4k 05-02-2016 08:47 AM

I agree 100%. For the last few years it's become a total shitshow. People want top dollar totally trashed cars. It's so bad that at times I've had to just jump on a used car on the sole basis that it's clean, despite not having all the specs I may ideally have been looking for.

But patience is a virtue, you'll find what you want eventually. It'll just depend on how much you will [over]spend for the right car :)

estoguy 05-02-2016 08:58 AM


Originally Posted by Blackedout95 (Post 1684596)
Stay away from e36 go E30 again :) Those are rising still a bit and are classics...

I hear ya though on the rest.

Yeah, totally agree... E30 or die! *rockout*

And yes, the rest is pretty much true. You'll find the right one! Keep at it!

propr'one 05-02-2016 11:14 AM

i'm toying with the idea of selling the Z if you're in the market for a fast two seater

Giormelo 05-02-2016 12:34 PM

Id love an e30, but i think its the e30 community keeping us e36 and e34 owners from coming over.

You guys love your chariots too much!
Smh this threads more or less why i cant see my self selling my cars, value is in the eye of the beholder.

Sent from my D6603 using Tapatalk

estoguy 05-02-2016 02:11 PM

Keeping you from coming over? Because people aren't selling? ;)

Bimmer Heaven 05-03-2016 12:55 AM

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Kijiji be like:
"all part are original new tires sun roof turbo economical in gas is been drow most on hiway plase call and leave a messege thanks

And this is for a 1984 325e 365000Km for $5000....

jabela 05-03-2016 01:58 AM

They can only do that because the buyers are almost as bad as home buyers, especially in the GTA. Debt is cheap and morons throw money at things to show off to their friends. They'll have to work until they're 80 then we'll have to support them because they were too stupid to save.

The worse sellers are the ones trying to pawn off their lease. $1300
/month for a 435... wtf did you get into such a shitty lease for?

tominizer 05-03-2016 09:03 AM

@Pro, not sure a 6'5" guy fits into a Z3M ?? I fit into a Z4 and have driven them and they are snug for me but not sure about Z3's. My buddy has a coupe (shoe car!!) and he says I likely would not fit in it.

@BimmerHeaven....... nice brick holding back that super car from rolling down the driveway and over a cliff.

A few other notes.........

Vancouver and Quebec cars people are told to steer away from in a big way due to uncertainties with those car markets and the cars being honest. And although you can actually find good cars in those places through proper inspections, the hiccup is when you go to sell it one day and buyers see that the vehicle came through Quebec or Vancouver, more often then not they shy away. That sucks.*thmbsdwn* There's some good deals to be had I've found in Quebec dollars wise.

Accident cars. Another item that shows up on car reports that cause panic and values to plummet. More often then not cars can be repaired properly and there are no issues at all with them. Especially if these things happened early in their life, the paint matching is almost unnoticeable even to a trained eye. But everyone has been conditioned to stay away from an accident car. For me, if there is good documentation provided about the repair and it's not something major (such as a frame straightening, etc), I'm pretty ok with working a deal out for such a car. But the documentation MUST be there to provide all the necessary details about the repair and the costs including invoices showing parts. Then there's a level of comfort regarding the history of the car and what you are getting.

newbe46 05-03-2016 09:38 AM

Regarding the OP, a line from Marsellus Wallace in Pulp Fiction sums it all up.

"You see, this profession is filled to the brim with unrealistic motherf*****s. Motherf*****s who thought their a** would age like wine. If you mean it turns to vinegar, it does. If you mean it gets better with age, it don't."

Nanook 05-03-2016 10:37 AM

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I'm retrieving my 2002 carbon cabriolet M3, 6 speed from storage today. Fully documented paper work from day one, included. It is fully optioned including hard top, extra rims and wheels. I going to get the car detailed and polished and fix a few things. If you're interested in a car like this give me a yell.

tominizer 05-03-2016 01:25 PM

PM-ed you

lvan 05-03-2016 11:17 PM

I wonder if the same can be said for the buyers...

I personally know quite a few people where BMW dealer offered a decent trade in value. Keep in mind, you also save in on taxes, and if they reduce the final price, it may be cheaper to trade in. I have seen quite a few times where trade in work better than selling. It all comes down on a situation and how much time you have on your hands. Keep in mind, they want to get your trade in so it does now wind up on Finch west creating the competition. You have to look a bigger picture.

tominizer 05-04-2016 09:30 PM

I know a lot of dealers I've talked to spewing a pile of non-sense. How they protect you, unlike the guys on Finch West, and that's why their pricing is at a premium. They protect me !??!?!? That's as questionable as telling me your car is "mint" condition.

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