Is no one buying second hand cars at the moment?

ukjoel

Agree with VerityBoo - Did the same process looked on ebay for similar cars which HAD sold in last few weeks.

Found the exact car VB spotted which sold for £6k.

As a buyer I would be using this as the pricing benchmark and others similar to that to determine my price.

Your after £9250 which is over £3k more than that one went for.
Also worth saying there wasnt a bidding war on that car it only had one bidder so the 6k starting price wasnt seriously low that it pulled in a crowd.

I would keep looking until some more 6-7k examples cropped up.

Yours is too much money.

forgotmyname

You need to really sell it and explain to sellers why your car is worth over £2000 more than this one....

http://www.autotrader.co.uk/classified/advert/201236484438527/sort/default/usedcars/fuel-type/diesel/maximum-age/up_to_5_years_old/maximum-mileage/up_to_80000_miles/model/3_series/make/bmw/onesearchad/used/onesearchad/nearlynew/onesearchad/new/postcode/wc2n5hs/page/1/radius/1501?logcode=p

Something more than the 16,000 miles less that yours may have. Because 16,000 miles it nothing these days. So i doubt buyers would even look at the mileage with that price difference.

Feedback of 15 on ebay wont help either.

Lum

I'd actually be concerned about the low mileage, it's a 5 year old car with 60K on the clock, not ideal for a diesel as in conjunction with the lack of stonechips on the front it implies local use. That said I haven't bothered to look if that year had a DPF/DMF or not.

Also 60K is ingrained in my mind as the typical mileage that the cambelt needs doing, again I haven't bothered to look at the service schedule for that particular car.

I could easily be wrong on both counts, it could be a no-DPF, no-DMF model with a cambelt that lasts 100K (or a cam chain) but I look at it and see a diesel car that's been used for stop/start urban journeys, shopping and school run and so is about to have the DPF clog up (£1500) the DMF explode (£not a clue on a BMW) and possibly needing a new cambelt.

Sorry this post isn't very helpful, and I know I haven't bothered to research your car at all, but I'm approaching this from the point of view of a moderately uninformed potential buyer.

I'd rather get a car with 100K on the clock and the front bumper covered in stone chips, probably get it for several grand cheaper and it will likely last longer too.

Stevie1

Thanks everyone, for your comments.

arcon5

When i'm buying a car I want to know why it's being sold. What service history is listed (not just writing 'full service history'). Refer to core components etc.

k3lvc

Stevie1 wrote: »

Thanks everyone, for your comments.

But I note despite all the comments you've still stuck at £9,250

TrickyWicky

k3lvc wrote: »

But I note despite all the comments you've still stuck at £9,250

Of course because the op doesn't want the truth but instead every penny and more of what the car is worth.

Quite common these days. People convince themselves that their car is special and worth more because its theirs.

CrazyRatLady_2

People are certainly buying cars but they're buying cheap ones. Things like BMW's go down in value so quickly because the sort of people that want them are usually people with plenty of money who want a new one, or boy racers who can't afford the insurance.

I bought a 1997 318i SE with M3 extras (including alloys) last year for £485 in full working order. At the end of this July the handbrake cable snapped and the car developed a battery drain. It wasn't really worth the time and effort of fixing so we decided to sell it - listed all faults with the car and sold it in less than 24 hours for £425. Then went out the next day and bought a jap import 1993 Toyota MR2 for £560. Why was that so cheap? Because insurance is expensive...

GolfBravo

TrickyWicky wrote: »

Quite common these days. People convince themselves that their car is special and worth more because its theirs.

That's because most people think that cars are assets, investments. Cars are not assets. Cars are liabilities. Cars take money out of your pocket: depreciation, fuel, insurance, servicing, repairs.

Cars are not assets unless you're a taxi driver, limo driver or a courier, where cars are used to generate cash flow. Or when you are getting divorced, or go bankrupt - then cars are definitely classified as assets, and usually somebody else's by then.

If you're really after a £30K asset then don't buy a £30K car - use that £30K as a deposit on a investment property instead.

Notmyrealname

Stevie1 wrote: »

Actually jaydeeuk1, there are 29 within 60 miles of where we live of similar models/age/mileage.

I do not expect anyone from the other side of the UK would be interested in buying my car when they can buy one closer to where they live.

You think? I travelled 250 miles to buy a car once.