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Thread: Buying Wisdom

  1. #1

    Buying Wisdom

    Hi,

    David in Chattanooga.

    New here. Looking for an '05 MY or '06 mostly looking on Autotrader. I hang out mostly on Bimmerfest but ready to trade in my 2001 330Ci. I need some ideas buying from private sellers and financing. Big obstacle as you all are aware. My bank wants to see the car before financing it but most have been 200+ mi. Here's one I found but in NY. This brings up a good question and that is what do you all think about a car that was bought from auction, then sold by a broker? All advice welcome.

    http://www.transtekautosales.com/new...-NY-12601.aspx

  2. #2
    Join Date
    Jan 1970
    Location
    Branford, CT
    Posts
    15,718
    I bought my car from a private seller and had to secure financing for it. I got the loan through a credit union, however. If they want to see the car, ask if there's any way you could get the loan without that happening, and if there isn't, I'd recommend you get financing elsewhere. If you're looking for a ZHP, chances are you won't find one close by, as they are rather rare. There wasn't one within 200 miles of me, so I had to drive all the way to Mass to get it.

    Cattanooga is where, exactly?



    Check our classifieds section; we have folks constantly hunting for deals and posting them up for everyone to see. Perhaps you'll find something close to you.
    BP
    2005 330i ZHP / 6MT
    Imolarot / Naturbraun



    It's not the car you drive, it's how you drive it.

  3. #3
    Join Date
    Jan 1970
    Location
    Western WI
    Posts
    3,059
    Welcome David. I haven't looked at prices in a while but that seems a bit high considering the mileage. Perhaps that's why it went to the auction.

  4. #4
    Join Date
    Jan 1970
    Location
    Western WI
    Posts
    3,059
    Quote Originally Posted by az3579 View Post
    Chattanooga is where, exactly?
    TN

  5. #5
    Join Date
    Jan 1970
    Location
    Branford, CT
    Posts
    15,718
    Yes, that is a high price, even for Beast Coast pricing. For that kind of mileage, I wouldn't be paying more than $14-15k.
    BP
    2005 330i ZHP / 6MT
    Imolarot / Naturbraun



    It's not the car you drive, it's how you drive it.

  6. #6
    Join Date
    Jan 1970
    Location
    Lebanon, OH
    Posts
    37,836
    Also check out the zhp's for sale at the zhpregistry link at the top of the page.

    Droid + Tapatalk = FTW!
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  7. #7
    Chattanooga is within a couple hours of Atlanta, Nashville, Birmingham, AL and Knoxville. I've got searches saved for 10 locations total on Autotrader.

    My credit union does require that the car be seen unfortunately.

    Thank you all for the advice and insight and if you don't mind I'll probably post other cars for sale too and get your thoughts. Maybe I'll see you in Williamsburg. Wishful thinking!

    Thank you for pointing out the registery. I drove the one in GA and my biggest concern about it was the clutch. Felt scrunchy, crunchy when depressing the clutch pedal. Went into gear fine but that pedal feels like the pressure plate is warped from being overheated. I'll keep my eye on the registry.
    Last edited by dj330Ci; 05-15-2011 at 08:11 AM.

  8. #8
    Also be sure to keep your eye on our zhp classifieds here at zhpmafia.com.

    Welcome to the site.

    Sent from my DROIDX using Tapatalk

  9. #9
    Join Date
    Feb 2011
    Location
    Tampa, FL
    Posts
    2,120
    Welcome to the family.

    The lender I went through only required the VIN and a bill of sale to complete my loan. Like Dane said, check the zhp registry and a classified section of the forum.
    19" VMR VB3 CSL reps w/ General G-Max 3 A/S, BMW Performance short throw shifter, CDV delete, M54B30 swap, and a redneck CAI.

  10. #10
    Join Date
    Jan 1970
    Location
    Chicago
    Posts
    304
    The one thing i will say, is if you buy from a dealer and not a private party, you might get lucky and the owner (or private if they are unaware) and get a damn good deal. Be on the lookout and don't settle for a car. Just like buying a tv, it's better to go up one size than to regret a purchase later on.

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