2005 BMW M3, Silver, SMG, $19,000

[metzler000]

BIMMERPOST / Classifieds

Asking Price:
None

Item Interest

2005 Silver M3, SMG, 35K miles, lt. grey int, 19" rims, harmon kardon cd/mp3, dual power heated seats, xenon moving lights, etc.

Ok. Here's the story. So this car was originally bought as a salvage title car. I wasn't really concerned with that as long as it was rebuilt correctly so I bought the car and drove it for three years and never had any problems from the original accident. When I titled the car, NJ issued me a clean title for some reason, but the salvage stuff still comes up on carfax.

Last year the car was lightly tapped in the rear so it needs a new bumper cover. Later in the year I was paying attention to turning off my wipers and hit someone. I hadn't gotten my insurance bill and didn't know it, but they'd cancelled my policy for not paying (yeah, that sucks). Anyway, I had a BMW guy come over and he said it would take about $6K to fix and paint, probably a lot less if you do the work and/or get used or aftermarket parts. I am selling it for 19K. The benefit of this is you can add whatever hood, rear bumper and front bumper you like and custom tailor it to your tastes for a lot less than buying a perfect car and then spending thousands for an after market hood and bumpers. Even if you're not interested in doing that it's still a good deal. Most of the cars like this around here with eqivalent miles are selling in the low 30s. I love the car, but need to get rid of it because I just don't have the money to fix it. I'm in the Philadelphia/South Jersey area. A used car dealer that has their own body shop probably could flip it and make some decent money off this deal. The car has been sitting around for a few months so it's a bit dirty, but cleans up nice. The black spots on the car are just helicopters from the nearby tree. I have the missing BMW logo for the trunk, I just took it off because I was going to put business signs on the car before the accident.

If you have any questions, my number is 856-313-4700. This car is actually located right outside Philadelphia in S. Jersey. Serious inquiries only please.

mark

[signes]

Nice car and bummer about the damage. I had a similar degree of damage to the left front of my 02 and it wound up costing ~$15k to fix. A lot more in there to deal with than you realize. Have you thought about selling to a body shop or somebody else that might be able to part it out?

[metzler000]

Wow, why so much? I had a guy that's worked for BMW for a long time tell me it would only cost $6000 with BMW parts and paint. Did you bend your frame? I'd love to see the receipt they gave you and how they justified that.

mark

[NlckyBlack]

19k for real? or is this a joke?

[metzler000]

It's a 60K car that's less than five years old, it's not a joke.

[metzler000]

Car is now at 18K.

[FredVMI]

If you would like an honest opinion, you need to do a lot more to substantiate your "story" if you expect to sell your car on this forum. Consider:

1. You stated that you purchased the car with a salvage title. No info was provided regarding the original accident that resulted in the salvage title or the subsequent repairs.

2. You stated that "...for some reason.." you were issued a clean title by NJ DMV. Sounds fishy. Nonetheless...How and when did that happen? After the initial purchase or at some later date (i.e. after a car loan lien release)? If you received a clean title in error, why didn't you get the error corrected and obtain a salvage title?

3. You stated that you didn't know that your insurance was canceled. While it's conceivable to be late on a payment, it's a bit unusual for an insurance company to cancel you without notice; especially for just one late payment. What's the 'real' story here? Not that why you were canceled matters, but, you've muddied the waters with this element of your "story".

4. If the title is free and clear (no lien), why not just get a loan to cover the repairs? Any bank would give you a loan for the amount you need to repair the car when it's repaired value is much higher. If you don't have a salvage title, then that would not be an issue in getting a loan.

5. The estimate to repair the damage probably needs to be substantiated via a firm estimate from a reputable source. As others have commented, the concern with the frontal impact location is with potential frame damage.

No one (myself included) is making any accusations; however, the "story" seems a bit fishy. Coupled with your limited number of posts on this forum, you'll have a hard time selling the car based upon the info provided. At a minimum, two things you should provide immediately are the CARFAX report and a written repair estimate from a reputable source. Without these items, you can expect little interest from serious buyers on this forum. GLWS!

[Ca$hOnly]

I'll give you 8k for it.

[metzler000]

Originally Posted by FredVMI

If you would like an honest opinion, you need to do a lot more to substantiate your "story" if you expect to sell your car on this forum. Consider:

1. You stated that you purchased the car with a salvage title. No info was provided regarding the original accident that resulted in the salvage title or the subsequent repairs.

2. You stated that "...for some reason.." you were issued a clean title by NJ DMV. Sounds fishy. Nonetheless...How and when did that happen? After the initial purchase or at some later date (i.e. after a car loan lien release)? If you received a clean title in error, why didn't you get the error corrected and obtain a salvage title?

3. You stated that you didn't know that your insurance was canceled. While it's conceivable to be late on a payment, it's a bit unusual for an insurance company to cancel you without notice; especially for just one late payment. What's the 'real' story here? Not that why you were canceled matters, but, you've muddied the waters with this element of your "story".

4. If the title is free and clear (no lien), why not just get a loan to cover the repairs? Any bank would give you a loan for the amount you need to repair the car when it's repaired value is much higher. If you don't have a salvage title, then that would not be an issue in getting a loan.

5. The estimate to repair the damage probably needs to be substantiated via a firm estimate from a reputable source. As others have commented, the concern with the frontal impact location is with potential frame damage.

No one (myself included) is making any accusations; however, the "story" seems a bit fishy. Coupled with your limited number of posts on this forum, you'll have a hard time selling the car based upon the info provided. At a minimum, two things you should provide immediately are the CARFAX report and a written repair estimate from a reputable source. Without these items, you can expect little interest from serious buyers on this forum. GLWS!

1. Um, that's because I don't know anything about the original accident as it didn't happen to me, nor do I know about the repairs because I didn't do them. I just know I bought the car and drove it for 3 years and didn't have any problems.

2. Sounds fishy? I told you it had a salvage title!!!! What's fishy about that? It would be fishy if I DIDN'T TELL YOU. When did they make a mistake and give me a clean title? When I got the car titled and registered. Why would I go through the hassle of going back to the DMV to get a salvage title when they gave me a clean one????? Really?

3. You're right, it doesn't matter and has nothing to do with anything regarding the car for sale. If you don't believe me whatever. I have to say there are a lot of people that own M3s that are just total douches. I just lost thousands of dollars that I didn't have to spare in that accident and you're sitting here attacking me. Don't believe me. You're right I pray to smoke monster on Lost and didn't pay my insurance...it's all a massive plot to kill all the kittens in the world.

4. WTF? Seriously??? For Christ's sake do I need to give you my life story to sell a car? I have a business. We're in a recession. Money is tight. Obama is an idiot and created a bill that affects credit laws and all my rates were raised and all my credit was lowered to below what I owe so now thanks to that genius I have no credit and my business hasn't been doing well. That's why I'm getting rid of the car. Loans require W2s, or tax docs proving pay and since I lost money last year no one is giving me a loan. Do you want to know about my last relationship too? If I had loads of money, or a bunch of credit I would fix the car. You're not telling me something I haven't thought of many times. If you want to loan me the money at very low interest I'll get it fixed.

5. I understand people are leary when things are damaged and I welcome anyone interested in the car to get a mechanic or body person to check it out. I have no problems with that, but assuming I got a "legit quote" someone like you would think I photoshopped it anyway so what's the point? I contacted shops about giving me an onsite estimate, but evidently they don't do that.

I'm not sure what you think is so fishy about this. If someone is interested in the car I'd be more than happy to get the vin for them so they could run a carfax, but it's just going to tell them what I've already told you, that it was in an accident and has a salvage title. Last time I checked Carfax doesn't provide pics from the accidents.

Seriously. If you have questions I'll be happy to tell you, but relax and realize not everything's a conspiracy, some people just need money and want to sell their car.

[nesrevival]

Why don't you fix before sell?

[smmmurf]

I feel for your story, but I have to say the car is probably worth about half of what you're asking given the damage and the title.

[M3ryder55]

ill give u 5k 6k. Cashonly's offer beats mine though.

[metzler000]

Originally Posted by M3ryder55

ill give u 5k 6k. Cashonly's offer beats mine though.

yeah...I'll keep that in mind. I could get that for the engine and tranny BEFORE I sold the other remaining 10000 parts.

[Tio///M]

Originally Posted by nesrevival

Why don't you fix before sell?

[infantrytroop22]

If you really expect to get anywhere near your asking price you are better off parting out the car. Honestly, the car is really not worth more than about $8k, since it's a salvaged title and now needs repair. Even if it didn't need repair, you would be in pretty good shape to get your asking price since it's salvaged. Anyway, good luck with whatever you end up doing with it.

[smmmurf]

Poor M, now that it's had two major accidents and requires significant bodywork you might as well lay it to rest and part out its organs (engine, tranny, interior). Better deal for you that way I think.

$6k may buy you most of the parts to fix the car but certainly not the labor as well!

[metzler000]

Originally Posted by smmmurf

Poor M, now that it's had two major accidents and requires significant bodywork you might as well lay it to rest and part out its organs (engine, tranny, interior). Better deal for you that way I think.

$6k may buy you most of the parts to fix the car but certainly not the labor as well!

4K would buy me the parts new from BMW and 2K would be the labor and paint. If I searched on here and Ebay for a bit I could probably take a significant amount off that 4K. For all the people that think a salvage title is the end of the world, it isn't. I took off 5K for the salvage title...it doesn't cut the value in half. You know how many things you could fix for 5K? Just taking that amount off is like getting a 15 year warranty.

On another note. Does anyone know about those halo lights? Does that replace the whole headlight unit, or are the halos just a part you add? The one headlight from BMW is close to a grand. If someone got aftermarkets that would cut a lot off the cost right there probably.

mark

[smmmurf]

Originally Posted by metzler000

4K would buy me the parts new from BMW and 2K would be the labor and paint. If I searched on here and Ebay for a bit I could probably take a significant amount off that 4K. For all the people that think a salvage title is the end of the world, it isn't. I took off 5K for the salvage title...it doesn't cut the value in half. You know how many things you could fix for 5K? Just taking that amount off is like getting a 15 year warranty.

On another note. Does anyone know about those halo lights? Does that replace the whole headlight unit, or are the halos just a part you add? The one headlight from BMW is close to a grand. If someone got aftermarkets that would cut a lot off the cost right there probably.

mark

If it only costs you $6k to fix including proper labor and quality paint then that is a no brainer. You would end up getting more for the car. $15-19k is more realistic if it's fixed since it is a salvaged car... which most buyers intentionally shy away from.

[automaton]

Wow. That thing's had a rough life. It might be worth what your asking if it were 100% fixed. Then again, most people would just pay the extra couple thousand and get a car without multiple accidents and a psudo-salvaged title.

You could probably get $12k for it as is. The fact is, you can get some pretty decent un-crashed M3's for around $20k nowdays. At the price you're asking, it seems like your best bet is to sell it off for parts if you have the ability to do so.

[metzler000]

Car is at 17K.

[Turkeybaster115]

Originally Posted by metzler000

4. WTF? Seriously??? For Christ's sake do I need to give you my life story to sell a car? I have a business. We're in a recession. Money is tight. Obama is an idiot and created a bill that affects credit laws and all my rates were raised and all my credit was lowered to below what I owe so now thanks to that genius I have no credit and my business hasn't been doing well. That's why I'm getting rid of the car. Loans require W2s, or tax docs proving pay and since I lost money last year no one is giving me a loan. Do you want to know about my last relationship too? If I had loads of money, or a bunch of credit I would fix the car. You're not telling me something I haven't thought of many times. If you want to loan me the money at very low interest I'll get it fixed.

You know I doubted your sanity for trying to sell a wreck for 19K, but with that "political?" comment, I think you've left little doubt.

[metzler000]

Originally Posted by Turkeybaster115

You know I doubted your sanity for trying to sell a wreck for 19K, but with that "political?" comment, I think you've left little doubt.

I was explaining why I didn't have the credit to fix it. Sure, I'm insane, whatever. Go post your worthless comments somewhere else please.