such an annoying time to be trying to buy

[kolosy]

market is clearly softening on the demand side, but supply side prices haven't adjusted yet. sigh.

carry on.

[jp1984]

It is peak M season. If you want a deal you need to buy after fall.

[kolosy]

not sure that's a thing, esp in the enthusiast market and given that i'm shopping nationally.

[jiggz]

There definitely appears to be a price disparity between what buyers want to spend and asking prices, be it a private seller or dealer.

I see plenty of cars for sale & lots of WTB ads, but it doesn't appear much is selling. And I see a lot of WTB posts that have respectable budget amount listed, but cars that fit their WTB criteria are still priced above their budget, often at a price that seems way too ambitious.

Basically - I don't really need or want to sell my E9x, but I will if someone wants to pay absolute top dollar.

[kolosy]

Originally Posted by jiggz

There definitely appears to be a price disparity between what buyers want to spend and asking prices, be it a private seller or dealer.

I see plenty of cars for sale & lots of WTB ads, but it doesn't appear much is selling. And I see a lot of WTB posts that have respectable budget amount listed, but cars that fit their WTB criteria are still priced above their budget, often at a price that seems way too ambitious.

Basically - I don't really need or want to sell my E9x, but I will if someone wants to pay absolute top dollar.

yeah, exactly. and as you see that disparity build, you start to worry about overpaying if you're willing / able to hit the mark for someone. it'll obviously balance out but it's interesting (and annoying as a buyer) to watch an illiquid market rebalance in real time.

[sterile stork]

Originally Posted by kolosy

yeah, exactly. and as you see that disparity build, you start to worry about overpaying if you're willing / able to hit the mark for someone. it'll obviously balance out but it's interesting (and annoying as a buyer) to watch an illiquid market rebalance in real time.

Even prior to the recent addition of pressure on the used market, it wasn't uncommon to see introduction posts where the OP remarked of a months long, maybe years long search for their own unicorn. The truth is that these cars are nearing 15-years old and normal use isn't adding marking them any more available. Persistence [and patience] will certainly pay off!

[vitalsigns]

Prices are sticky for the decent models. If demand softens for a while, sellers will too. These are quasi luxury goods, so the adjustment will take more time. That said, I wouldn't sell my supposed $40K market value E90 for even $50K. There's nothing else I could replace it with even in a premium price bracket (think +25-50%) that would give the same driving experience.

[sterile stork]

Originally Posted by vitalsigns

Prices are sticky for the decent models. If demand softens for a while, sellers will too. These are quasi luxury goods, so the adjustment will take more time. That said, I wouldn't sell my supposed $40K market value E90 for even $50K. There's nothing else I could replace it with even in a premium price bracket (think +25-50%) that would give the same driving experience.

GD if that isn't a perfect sentiment to acknowledge. Many vehicles available new today are lacking in the experience department, to say the least. Not a new M2/3/4 that I'd consider for an equivalent experience.

[jp1984]

Originally Posted by vitalsigns

Prices are sticky for the decent models. If demand softens for a while, sellers will too. These are quasi luxury goods, so the adjustment will take more time. That said, I wouldn't sell my supposed $40K market value E90 for even $50K. There's nothing else I could replace it with even in a premium price bracket (think +25-50%) that would give the same driving experience.

This is a good point. Maybe there is market disparity. I think M owners dont care, we are collecting smiles per hour from cars that can not be made anymore.

[kolosy]

example #123441

2011 AW / Black, DCT, ZCP, Carbon. CA car, Asking 38K. Sounds great, only 3 owners.

85K miles and an accident flagged as "moderate to severe."

lulz.

[tdott]

If you wanted it bad enough you'd pay a price the seller is willing to take. No one has to sell you anything just because you feel a certain way.

If you can't afford it, or don't want to pay the price. That is your problem.
Move along.

[kolosy]

Originally Posted by tdott

If you wanted it bad enough you'd pay a price the seller is willing to take. No one has to sell you anything just because you feel a certain way.

If you can't afford it, or don't want to pay the price. That is your problem.
Move along.

[tdott]

Originally Posted by kolosy

I dealt with the low ballers telling me how much my car is worth and their sad stories recently.

Stupid offers 25%-50% off the price, is just wasting everyone's time in this market. I sent several guys home after looking at the car I had for sale.

I got my asking price, didn't need to listen to those time wasters.

[kolosy]

Originally Posted by tdott

I dealt with the low ballers telling me how much my car is worth and their sad stories recently.

Stupid offers 25%-50% off the price, is just wasting everyone's time in this market. I sent several guys home after looking at the car I had for sale.

I got my asking price, didn't need to listen to those time wasters.

i appreciate your logical leap of me lamenting the state of the market to the implication that i'm a low baller, or the need to mansplain how selling stuff works. you must be a hit at parties.

(and must've missed the "carry on" bit in the OP).

congrats on the sale!

[tdott]

Originally Posted by kolosy

i appreciate your logical leap of me lamenting the state of the market to the implication that I'm a low baller, or the need to mansplain how selling stuff works. you must be a hit at parties.

(and must've missed the "carry on" bit in the OP).

congrats on the sale!

If you understood the state of the market you wouldn't be complaining.

GL with your WTB thread and search.

[LakeSurfer]

If you think buying a car right now is a joke, try buying a house is this market, at least in Florida.

Corporations are flipping every dump they can grab causing sellers to think their 1 bedroom termite invested dump in the ghetto is a half million dollar deal of the century.

I looked at one house that was way overpriced but options are limited, so after the home inspection found issues the seller refused to budge and my lender laughed me out the door. Seller didn't care because the big guys came in after me and entered a cash bidding war for 15% over asking. 3 months latter the house went back on the market with terrible, cheaply done improvements asking $100k more than they picked it up for.

The markets have lost their minds on all fronts. It's a bad time for the little guys to shape a good life.

[Longboarder]

Originally Posted by kolosy

market is clearly softening on the demand side, but supply side prices haven't adjusted yet. sigh.

carry on.

I recall u already have a V8 M3. Are you trying to acquire another one? Or trade yours for a different spec?

[slightlyfastermobile]

Just curious in general, what does everyone consider a “lowball” offer. I have never really had to deal with offers like this from a buyer or seller perspective so I have no clue what is generally considered a “valid” offer in a negotiation. This of course is assuming, for example, the seller is throwing out a reasonable number, not something super inflated and then calling me a lowballer for offering 60% the asking.

I’ve gotten a few responses from friends who all seem to throw out the 75%-80% as the lower limit of legitimate offers, with anything lower classified as lowballers.

[LakeSurfer]

Originally Posted by slightlyfastermobile

Just curious in general, what does everyone consider a "lowball" offer. I have never really had to deal with offers like this from a buyer or seller perspective so I have no clue what is generally considered a "valid" offer in a negotiation. This of course is assuming, for example, the seller is throwing out a reasonable number, not something super inflated and then calling me a lowballer for offering 60% the asking.

I've gotten a few responses from friends who all seem to throw out the 75%-80% as the lower limit of legitimate offers, with anything lower classified as lowballers.

I think this is the wrong way to go about buying and selling. There shouldn't be a magic negotiating discount number there should be valid reasons for increases and decreases on both sides of the fence.

I've sold a bunch of stuff in the past and I'm completely done with that process. My time and patience are worth more than the garbage hassles. People throw out numbers for no reason without even seeing the stuff in person.

The last thing I tried selling was a guitar. It was clean, no damage all original and I was going for a quick hassle free sale so I priced it lower than the market price demanded. In my add I mentioned I was firm and not willing to lower the price. I had a guy call and I reminded him that I was firm and I didn't need to sell it and he was cool with that. As soon as he got to my house before seeing the guitar he told me that he brought $150 less than what I was asking. I politely reminded him of the add and our conversation and asked him to leave my property. He was pissed and sent nasty emails trashing me and the guitar that he never even looked at.

I sold a motorcycle online and constantly received crazy offers. The reason they were crazy offers was because I researched what other similar examples were selling for, considered some mods that I did, I still had all the OEM parts, the bike was super clean and had low miles, maintenance records, never tracked or raced. My price was on par with a higher milage, lesser condition bike. My first question was, why do you think it's worth what you're offering me? No one could answer that. So I would tell them why it was worth what I was selling it for and they would be pissed at me.

Do your research on what you're buying or selling and come up with reasons why your price is right. Have a conversation, do T be insulting or rude, be honest and well educated.

Take A 150k mile E92 M3 on original rod bearings, and throttle actuators, no recalls done, no maintenance records, bald tires, bad breaks and a minor accident with a $30k asking price. You can offer at least a $5k or more lower offer based on all the work you're gonna need to do and if they don't take it, what are there reasons? What are you missing?

[kolosy]

Originally Posted by Longboarder

I recall u already have a V8 M3. Are you trying to acquire another one? Or trade yours for a different spec?

sold my cab to get into a coupe

[tdott]

Originally Posted by slightlyfastermobile

Just curious in general, what does everyone consider a “lowball” offer.

I’ve gotten a few responses from friends who all seem to throw out the 75%-80% as the lower limit of legitimate offers, with anything lower classified as lowballers.

Someone offering me 20%+ less than my asking, I'd tell them to go home and not waste anymore of my time.

[kolosy]

Originally Posted by slightlyfastermobile

Just curious in general, what does everyone consider a “lowball” offer. I have never really had to deal with offers like this from a buyer or seller perspective so I have no clue what is generally considered a “valid” offer in a negotiation. This of course is assuming, for example, the seller is throwing out a reasonable number, not something super inflated and then calling me a lowballer for offering 60% the asking.

I’ve gotten a few responses from friends who all seem to throw out the 75%-80% as the lower limit of legitimate offers, with anything lower classified as lowballers.

i think it's completely subjective. there's guys that will get upset about asking for $1k off a 40k asking price. my perspective (on cars/bigger ticket items) is that if you can honestly rationalize why you're offering what you're offering then it's not a lowball.

that said, i also won't pursue something that's obviously overpriced to the extent where what i think it's worth is substantially (10%?) lower than what their asking is, because it just tells me the seller is either way off on their appraisal of the car's value or are anticipating haggling which i don't want to do.