Thanks!

 

Great price, looks like a deal to someone!

 

Really? Compromises the safety? But then they sell it to someone else?
That doesn't make sense.

You can get the service history from a BMW dealer and put your fears to rest.

So, are you interested in the guy's car or just playing investigative reporter?

 

Lemons/Buybacks typically bring 25-40% less than retail price


Here is manheim numbers for 06 M5s:

05/28/09 MANHEIM Regular $44,700 9,952 Above BLUE 10G
5/28/09 MANHEIM Lease $40,500 46,200 Avg BLKSAPPH 10G
05/28/09 ATLANTA Regular $27,500 49,657 Below BLACK 10G A No
05/27/09 ATLANTA Lease $36,600 52,442 Below INTERBLU 10G A Yes
05/21/09 RIVRSIDE Lease $44,750 32,798 Above BLACK SA 10G A Yes
05/21/09 GTR PHNX Lease $40,500 28,128 Avg BLACK 10G A Yes
05/21/09 ATLANTA Factory $37,000 40,890 Below BLKSAPH 10G A Yes
05/14/09 MANHEIM Lease $44,250 33,952 Avg BLKSAPPH 10G A Yes
05/07/09 W PALM Lease $38,800 42,868 Avg BLACK SA 10G A Yes
05/07/09 RIVRSIDE Lease $45,000 13,820 Above SILVER 10G P Yes
05/07/09 RIVRSIDE Factory $38,500 26,264 Avg SLVRGRY 10G A Yes
05/06/09 NADE Lease $34,500 63,337 Below BLUE 10G A Yes
05/06/09 NADE Lease $25,000 37,704 Below SILVERST 10G O No
05/05/09 OHIO Lease $42,750 35,040 Avg BLACK SA 10G A Yes
05/05/09 BAY CITI Lease $45,500 15,469 Above SILVER G 10G A Yes
05/04/09 BAY CITI Lease $43,000 21,210 Avg SILVER G 10G A Yes
04/29/09 BAY CITI Lease $44,250 10,983 Avg INTERLAG 10G A Yes
04/29/09 BAY CITI Lease $42,000 34,913 Avg SILVERST 10G A Yes
04/29/09 BAY CITI Lease $37,250 45,278 Below INDIANAP 10G A Yes
04/29/09 ATLANTA Lease $44,800 19,975 Above SLVRSTON 10G A Yes
04/29/09 ATLANTA Lease $38,000 43,615 Avg BLKSAPH 10G A Yes


I don't see how that price is worth it for a mfg buyback/lemon?

 

I would love to get my hands on any 997 GT3 or 997 Turbo for 25-40% less.

2007 997 GT3 or Turbo of ~$90k at 30% less = $63k

Please find me one and I will buy it on the spot and pay you a decent commission!

 

You do understand the difference between retail and wholesale don't you?

You list these prices and every Tom Dick and Harry thinks they can go into a dealer lot and pick up an above average M5 for $43K. It ain't happening. They list at $49-54K and sell for $46-49M.

A buyback on a retail basis (i.e. not going to dealer auction) should bring high $30's to $41K. I don't think this guy is that far off.

 

Guys, thank you for all the comments and inputs. I have lowered my asking price to $39,750. I am hoping to get into either a 996 GT3 or a 997GT3 to tie me over until hopefully I will get delivery of the new GT3 RS around March of 2010.

 

Didn't this car used to have an exhaust back in the day? There was this Silverstone M5 back in the day with a crazy, loud exhaust which always used to drive past my house, and I know every car here in Calabasas.

To the OP, what gate do you live in? Nice to find someone else who lives in this beautiful place.

-Alex

 

####

 

Hi Alex,

Good to know that you live in Calabasas too. I live in Mountain View Estates by Mureau Road. I have frequently seen other silverstone M5's in the area too but the loud exhaust is not me. I thought about doing it, but decided not to since I do not need extra attention from the officers that always seem to hang around here. Do you go to the VCR? I am there for about 30 minutes every Sunday morning after my drive. Give me a call (818)331-0084. Maybe we can go for a drive together.

 

Leftlane,

I do not know whether your knowledge about buyback cars are first hand, but here is my first hand experience with the Lemon Law:

I bought one of the first 2002 BMW 745i's when they first came out and the idrive kept giving me problems probably because BMW had not fully sorted out the complex software involved. I would lose my favorite radio station settings, the system would convert to Metric settings, the navi would sometimes not work and so on.

Even though it was fairly minor, it really bothered me and I kept taking it in to the dealer like 5 or 6 times. It did help that I only live a couple of miles away from the local dealership. They kept reloading the software but the problem was never fixed and I finally got fed up and asked BMW nicely to take the car back.

BMW did not do a courtesy buyback since they felt that it was not a "major" problem. I hired an attorney that specializes in lemon law cases, and after filing a law suit he was able to force BMW to buy the car back.

Once BMW finally had sorted out their software, that car would of been perfectly fine. There was nothing wrong mechanically, and the car was never unsafe at any time.

 

I try to make it out to VCR every last Sunday of the month, but sometimes I am out of town. I will defiantly be giving you a call next time I go. I love MV, my ex. used to live on New Castle. Anyways, do you plan on getting a new Porsche?

-Alex

 

What a coincidence, I live on Newcastle too, near Wellsley. I am first on the list for the new GT3 RS at a dealer that I deal with. Hopefully, I will get the car around March of next year.

 

May I ask how long you've owned the car (assuming you're the 2nd owner) and if you've had to take the car in for any out of the ordinary services?

Thanks in advance.

 

I believe I am the third owner and I have had the car since February of this year. I took the car in for a scheduled oil change and clutch roughness which resulted in the dealer replacing the clutch and flywheel.