So last November I bought a BMW E46 330Ci M Sport Automatic.
Since I have had the car I have had a few problems.. An oil leak, rear bushes gone, wingmirror bashed off.
I've had the bushes replaced with Aluminium Bushes and a new wing mirror installed however the oil leak remains.
I just want rid now, before something else goes wrong. I'm not sure if its me overthinking it or not but I have a feeling the gearbox might be on the way out.
It's just that I am a bit wary of people coming back to me after I have sold it.
In my add on gumtree, I have tried to be as honest as possible. I have declared the exterior problems (cracked bumper, rusty arch etc) as well as the mechanical problems (electric mirrors arnt connected, sump gasket oil leak). I decided to not mention anything about the gearbox because at the end of the day, I am not a mechanic and I am not even sure if there is a problem there.
If it was to sell at the asking price £2,000 (bought for £3500!) what would my position be if someone came back the next week complaining about the gearbox?
Everyone tell's me to create a document to prove 'bought as seen' and send that to the DVLA. Is this the way to do it?
Cheers in advance
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Comments
Fairly sure that there is no come back from the buyer. However, it's worthwhile letting them know that there is a small oil leak that requires looking at. Far better to be up front, after all, if you were buying it, you'd want the seller to be open and honest.
http://forum.e46fanatics.com/showthread.php?t=882732
Do not go to a main dealer but a specialist BMW independent garage, hope you get it resolved, I am a fellow BMW owner had several of them, normally a decent car, but I understand your concerns.
In a private sale there is no real comeback.
But actually for peace of mind 'The president' had made a good suggestion, Or trade it in with a dealer against something else.
Bearing in mind you may or may not get the £2K you are seeking.
Just be careful when answering any specific questions as these would form part of the legal descriptions and make it clear that you're not a mechanic so not really qualified to start guaranteeing the condition of the car.
forum.charltonlife.com/discussion/comment/1428377#Comment_1428377
I don't know whether it is still up to date - check the web sites I mentioned.
But don't assume that a private buyer has nothing to worry about as @Addickted indicated. The law is not like that any more. It's more and more about protecting the consumer. So caveat venditor is really the phrase now.
Generally, there is a legal presumption that a seller makes certain warranties unless the buyer and the seller agree otherwise. One such warranty is the implied warranty of merchantability. If a person buys soap, for example, there is an implied warranty that it will clean; if a person buys skis, there is an implied warranty that they will be safe to use on the slopes.
So, unless you tell the buyer that you think the gear box might be on the way out, and it conks out a mile down the road, you can expect him to come calling. A problem (for sellers) is that for low value vehicles ( I believe the claim limit is now £10k.) a claim can be made in the small claims court for very little cost or aggravation. If you tell someone you've got suspicions about the gearbox, you might win in court, if you don't you'll likely lose. (Unless the sale is clearly down to scrap value or parts breakage.) Whether a buyer has the nous to realise all this is a different matter of course but again, that's your risk.
The second question I didn't really understand: why do his mates think the DVLA would be interested? Do you know?
[Sold as Inspected and Seen].
The car has been on Gumtree for 8 days, listed at £2,200.
I had one offer of £1,700 so far.
I got a quote from We Buy Any car for £1,740 (added details about the cracked bumper and oil leak)
After speaking to a mechanic I am concerned even more about the Gearbox and for that reason I think it may be better to go down the WeBuyAnyCar route.
I can't really test it out any more without getting an MOT & Insured, money I dont want to spend. Plus, I would be more than happy with £1,700. I had £1,300 in my mind as an absolute minimum.
Don't plan on fixing it at all, even if it is cheap because I want another BMW anyway. Manual convertible is what I should have got in the first place.
Here is the ad for anyone who wants a read. I think its half decent.
https://www.gumtree.com/p/cars-vans-motorbikes/bmw-e46-330ci-m-sport-auto/1130541040
(I reduced the price)
One more question, how would I get the car to WBAC without MOT/Insurance. You can't tow it without can you?
At the end of the day they are only working to a trade price, the same as the auction houses and dealerships, the auction is higher risk and you may not hit reserve but a the end of the day you pays your money you..... If you advertise privately as sold with a potential gearbox problem you may get someone who is happy to drive it till it breaks, you may get a reduced price but still be able to sleep at night.
I went home thinking this must be a scam, and typed WBAC import scam into Google only for there to be nothing.
I sold it for the full price privately a couple of weeks later.
I wonder how many they get reduced by being an 'import' that are then re-sold at Auction (all WBAC buys are sold at auction), and not advised as so.?