Hate to get all wise after the event and all that, coz B7 and others probably know heaps more than me about buying and selling cars, but I'd always take the view that if it seems too good to be true, it usually is. 7k for a car that books at 11 is a bit over short isn't it? That's the thought that goes through my head. I'd always be wary of buying anything for more than say 5k-ish in a private sale - it's always seemed to me more prudent having a sale brokered by a dealer if selling something of this kind of value, in the hope that the premium he can command would cover his commission and that the whole process would prevent me being scammed by an otherwise straight seeming punter.
So you have to ask, why is the seller selling it privately? Quick cash can't be the answer for, as has been said above, he could have taken it to a BMW dealer and got exactly that. So why?
Am I wrong to walk away?
Moderator: martauto
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B7
- E30 Zone Team Member
- Posts: 15846
- Joined: Tue Feb 13, 2007 11:00 pm
- Location: Surrey / West Sussex
11k is what HPI value it at. There are rafts of 1 series out there from between 7.5 and 10k and I've seen one as low as 6 and a half. So 7k wasn't really anything to make me suspicious as such. Yes it was an attractive price but not SO cheap as top make me think "F*ck off!! Thats a set up if ever I saw one!".djk wrote:Hate to get all wise after the event and all that, coz B7 and others probably know heaps more than me about buying and selling cars, but I'd always take the view that if it seems too good to be true, it usually is. 7k for a car that books at 11 is a bit over short isn't it? That's the thought that goes through my head. I'd always be wary of buying anything for more than say 5k-ish in a private sale - it's always seemed to me more prudent having a sale brokered by a dealer if selling something of this kind of value, in the hope that the premium he can command would cover his commission and that the whole process would prevent me being scammed by an otherwise straight seeming punter.
So you have to ask, why is the seller selling it privately? Quick cash can't be the answer for, as has been said above, he could have taken it to a BMW dealer and got exactly that. So why?
B7's Motto. "If it's French, BURN IT!!!!!!"
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dom-1984-320i
- E30 Zone Camper
- Posts: 1246
- Joined: Tue May 16, 2006 11:00 pm
- Location: Sunny Essex
Sound like a blessing in disguise if you ask me. As already said there will be others and one will be the right car and price for you. Fingers and toes crossed you get your deposit back and on with the hunt ahh!
M20B25 actually 
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zaust
- Zone day release
- Posts: 13007
- Joined: Sun Jan 09, 2005 11:00 pm
- Location: Somewhere in Hertfordshire , or press Ctrl + W
I had a simular situation with a c2 27 a few years ago. I left a dipper with the guy who I actulay new from school day's. I went to pick up the car on the said day and he had let it go for 50 quid more the night before I was due to pick it up.(no phone call nothing) I did get my money back and made him give me extra for the waste of time and petrol. However I know exactly where the car went and still is(now rotten beyond repair), The engine left it insides on a road not far away and the car has not been repaired scince. Show's that it would have been a costly experience and I would have lost/sold my tech 1.
|Don't stress about it and carry on the search.
|Don't stress about it and carry on the search.
M30 Tech 1 Touring on gas.
