Value 2003 530I

I have a 2003 530I with 29,890 miles, I am the second owner. My neighbor wants to buy the car, but I am not sure what the current market price is. I bought the car two years ago with 17,500 miles. It has both sports and premium package, it is titanium grey with black interior, zenons, five speed manual and near new Michelin Pilot A/S tires. Spare never on car and all of the wheels are perfect. I have original MSRP sticker ($48,000 new) and had the heater fan and cluster replaced. I was going to say $16,500, is that a fair price for a California 530I with low miles and in excellent condition. Thanks.

$16k a ?

be realistic even with low miles all you can get is $12k-$13k max , $16k can buy 2005-2006 530i today with low miles

GL !

16k would be nice in a world where people had that kind of money for such a well preserved 2003 e39 Manual tranny. however in this day and age, 16k can get you 60-80k mi. E39 M5 here in socal. Ive seen M5 E39s in good condition going for 10k with higher miles but same year. 2003 imola red M5 for 17,000 g nearby my place. You wont regret an M5 as long as you can afford maint. To keep her runnin top notch. Most m5s leak oil due to new owners incorrectly breaking them in when first driving the car. So thats common if you run into that issue IF you decide to go that route after you sell your baby. Well, hope my opinion helps! Happy motoring and good luck!

-Stephen

+1, $16K is a stretch. A long stretch. But there is a sucker born every minute and if he is willing to pay that much, you should force yourself to let the car go.

Thanks for your comments, my buyer is looking to replace a gas hog, money pit MB 500CL with over 100,000 miles. He is interested in a car that gets better mileage, is more fun to drive and is in much better condition. He feels even at $16,500, if he drives the car for 3 or 4 years to commute to work and sells it when done for $8000 it is a pretty good value if he spends $2000 to $3000 for cost of ownership. I agree on paper, the car may seem high.

Originally Posted by sjgreco

Thanks for your comments, my buyer is looking to replace a gas hog, money pit MB 500CL with over 100,000 miles. He is interested in a car that gets better mileage, is more fun to drive and is in much better condition. He feels even at $16,500, if he drives the car for 3 or 4 years to commute to work and sells it when done for $8000 it is a pretty good value if he spends $2000 to $3000 for cost of ownership. I agree on paper, the car may seem high.

That's a sweet low miles car, some (not me!) would say the perfect e39, balance of handling and power, manual is rare, you live in money country, best of luck to get your price! You can settle on $15K.

dave
03 540i6

It is your car. Charge what you want for it. If he/she wants to buy it, so be it, if not and you want to sell it, negotiate a price. The forums tend not to value cars that high, plus they already own the car you are selling and do not want to pay much for it.