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#1
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Waterpump / Oil Leaks, etc.. Advice on Selling
I've had it about 2.5 years, and put around 60k miles in that time. I commute to work quite a bit, etc. I haven't had many problems, until now. The water pump and thermostat went out last week, and I had that repaired at an indy with parts off the web. It was about 900$ for everything. During the repair, the tech noticed a lot of oil leaks, and I had smelled some oil when the heat was on. Long story short, he said basically every seal in the car was bad. He shot me a good price to repair, around $2200. I'm having the dealer leak test it tomorrow and their estimate on all the seals is $5600. The car book is 13-13.5k, I owe around 17. I was offered 12,000 from a non-bmw dealer. And 10k from the indy for it. Would you trade this car away and take the loss or fix it and keep driving? Really at a loss. Would like to hear from anyone who had similar issues and their decision. Thanks in advance. I've crept these boards to fix some random issues with my old x3 and this x5, so thanks to all who have posted DIY's. |
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#2
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Quote:
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#3
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Thanks for the reply.
The non-bmw dealer, offered me 12k without knowledge of the oil leak. As, I didn't know either. (It was a week prior to the water pump going out). Do I disclose this and take another hit? |
#4
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My take, the dealer should inspect any vehicle they purchase. If they offer you 12k, then take it. Do you think used car dealers tell prospective buyers any issues with the vehicles they sell? They make sure the sticker says AS IS. All you can hope for, the next buyer has it inspected and they are told it is at least $2,200 to fix it.
If you did disclose it to the dealer and they drop their price, who is to say that they still won't sell it AS IS? You just put more of a profit in their pocket. If they ask questions, answer truthfully. At the end of the day, it is their responsibility to know what they are buying. |
#5
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Park it out front with the keys on the hood.
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#6
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Yeah, but they might return it or they may not get very far and the cops find it a few streets over.
The OP could see if the the indy will come up in price. Given that they owe more than what it is worth though, at the end of the day, they will have to pay the remainder of the vehicle off. If it was stolen, they would still owe money on it. The OP is going to have to determine if they want to part between 5k and 7k out of pocket and then still need to get another vehicle or part with $2,200 (possibly more) and continue driving it. |
#7
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Quote:
I do like the keys on the hood idea. Hm. Thanks for all the replies. Hope to get something figured out in the next couple days. BMW in my area has little inventory as of this morning. |
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