Why is this 540i so cheap?

[xx00xx]

I own a 2001 540i 6sp with 48k and i can't understand why this car is selling for so cheap:

Luxury Motors ::

what would resale on mine be? not that i would ever sell it.

the only things i can determine is high mileage and automatic, but still seems low..

any ideas?

[CosmosBlack]

Well...that car doesn't have the sport package, no steptronic, only 16" wheels, and has high mileage.
Probably not in excellent condition.

I just sold my 2000 540i with Sport Package with 98k miles for $18750 a few months back.

[jnstrcklnd]

A lot of dealers wont discolse the actual cost until you get there. Or you call them up and they tell you that price is with 20% down cash or trade. I know from experience.

[mrgrant]

I bought my 540i 6 speed with the sport parkage, Navi, DSP, Cd-Changer, backup sensors, sun-shades with 32,000 miles for $27,000. Drives great and even strnger since I added the Dinan Stage 4 programming, Cold Air Intake, throttle body, air mass metter and free flow exhaust.

[matteni]

You have to consider the high gas prices and maintenance costs of these cars and the age of a car is prohibitive for many to get loans.

Just purchased my 2000 540iA with 78k and sports package (well kept / no accidents) for $14,000 out the door. I passed on several around the same millage and price. There was some deferred maintenance and I have done several things proactively as well. This did affect the price I was willing to spend. Had the owner done everything I did (fix chips, repair scratches, replace worn items, general maintenance, brand new tires, new brakes, etc) I would have gone $2 higher. As it was I did them myself.

[fastshivy]

They probably got it at the auction or as a trade for around $10,000 Over 100,000 miles kills a lot of deals. Trade in, in my area is generally about $1,500- $2,000 below Kelly blue book (trade in value) assuming good condition. Sometimes a little higher if they have a little extra profit in the car that is being trading in.

[MarylandTim]

I just recently inquired about a vehicle from that same dealership. They have great cars for excellent prices! I bought my car from a different dealer but that one is known for reasonable prices. That particular 540i you should ask if it's ever been in an accident. That could depreciate the car significantly depending on the type of accident and quality of work done to repair it.