E92 M3 $20k starting bid

[Glacial Pace 32]

https://www.trademe.co.nz/a/motors/cars/bmw/m3/listing/2612139627

Fresh import and not much info in the listing, photos look clean enough but who really knows. 

Do people really expect to get top dollars for something when they put so little effort into the description? No mention of service history, where its been imported from, spec options from factory etc. 

Edited May 4, 2020 by Glacial Pace

[GorGasm 563]

Not everyone cares.

The ad also says call for more information, which if you were a serious buyer, you would do.

[balancerider 758]

Writeoffs on trademe (either stat from Australia or here in NZ) seem to be a burgeoning category on TM. People tend to take the real estate agent approach of saying nothing and answering questions in the vaguest fashion possible.

As always, 'caveat emptor'. Suspect the market for expensive second hand cars is going to take a dive in the coming months.

[qube 3570]

if its not a no reserve auction, starting bid price means nothing.

for all we know it could be 25k reserve or 50k reserve. 

[Glacial Pace 32]

2 minutes ago, qube said:

if its not a no reserve auction, starting bid price means nothing.

for all we know it could be 25k reserve or 50k reserve. 

Of course, I hadn't spotted that.

[KwS 2425]

https://www.turners.co.nz/Damaged-Vehicles/Damaged-Cars-for-Sale/bmw/m3coupe/18796085/

[Driftit 2078]

I can see it going for nearly full market price.

Where as in the US it would go for a good 20-25% less than market as it has been crashed.

I do wish NZ had a system like Carfax.  Whilst it has it's flaws it works well for service history/recalls/write offs.