Car Selling Tips

Here's another question we got from a reader: "We want to sell our BMW M5 and have had no luck on line or through newsprint...we were thinking of going through a dealer however they charge a fee $400-600 to put it in their showroom. If they don't sell it you don't get your money back. The fee pays for cleaning, advertising etc. I am for it because people can see it in person and they do all the financing. The selling price is the same we were asking on line. I would appreciate any advice or opinions. Thank you!"

And here's what we had to say: "Of course you have to check the price, to make sure prospective buyer's aren't ruling you out for being too expensive. But beyone that, the problem - depending on where you live - is likely that the M5 is too much of a specialty vehicle to sell through traditional methods. You should try a local BMW club or web site. Check out eBay as well. The M5 is very popular, but you need a wider consumer base to find a buyer, again depending on where you live.

This method you point out might help, but it also might just give you the same problems you had before. If this dealership is able to find a customer quickly enough to justify only $400 - $600 in fees, then chances are you could do it on your own with a little research and a couple calls.

That said, it might work and it sounds interesting. Let us know how it turns out.

Posted by

Philip Reed December 2, 2005, 12:04 PM

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Selling cars