Re: **** REALITY CHECK ***** (archive)

C'mon guys, let's try to keep the tone a bit nicer. The playstation and the upgraded audio system may not be your piece of cake (Mine either...although a nav system could be cool) let's not be pissin on other's parades.
The real reason I'm writing though is the value estimation. I work at a dealership and can tell you first off that Kelley is indeed an inconsistent book. However, it is not inconsistent in the way you suggest. For vehicles like ours, the money is out there for nice examples. It sounds like you got a great deal for your vehicle, but lower mileage vehicles easily break 25-30 grand (take a look at Ebay) if they have lower (40-60k) mileage. KBB does not take into account the rarity of our vehicles and the enthusiast support for them. Ever look up the value of a '74 3.0CSi? The book is off by more than 10 grand!!! As we say in the business...Kelly doesn't buy or sell cars, ir just prints good fiction. =o) Of course it works both ways, but do a little research b/f you jump on people.
To the problem at hand. That's a toughy. Honestly, if you love the car and plan on keeping it another 100k miles, then by all means do it. You'll continue a rewarding friendship and always be pleased. If however, your eyes are hunting newer M children, then get out for what you can and take the loss as a cost of ownership.
Good luck!
-Lloyd

If you can find an idiot to pay you $9000 for a 91'M5 with a bad motor hurry up and do the deal before he blinks - because anyone with an ounce of sense would not give you that kind of money for that car -especially with all of the tacky aftermarket crap you did to it(the playstation is very juvenile). I purchaed a 1991 M5 in mint condition 9 months ago as a 1 owner, 105,000 documented miles, no mods, dealer only service and only paid $14,000! Which was still over Kelly Blue Book - and we all know Kelly Blue Book is very high compared to real world prices - There are tons of people that try to sell M cars for a mint - the never ever sell - If you had a 91' M5 with 132,000 miles (average for a 91')if it is in excellent condition and you were selling to an individual high book would be about $11,900 (a lot less for a dealer trade). A new motor will not increase the value of your car beyond high book plus a low mileage add. You will probally be better off fixing your current motor, then put the car back to stock and get what you can out of it.

Follow Ups:

**** REALITY CHECK ***** Please read follow-up Nobody's Fool 07:14 3/29/2002 (2)
- Re: **** REALITY CHECK ***** Please read follow Neil Deshpande 08:18 3/29/2002 (1)
  - Re: **** REALITY CHECK ***** Nobody's Fool 16:04 3/30/2002 (0)

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