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NuckingFuts

540i Touring Auto sale/purchase prices

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Hi all, 

 

So on Wednesday leaving work i got in to an accident with a white van man. He's accepted all liability and initially he wanted to pay for the repairs privately, but after he had a chat with his father, they decided to go through the insurance. 

 

My car is a pre-facelift 540i Touring, and was pretty much immaculate. it had a nice few extras too. 

 

what i want to find out is people's experiences when buying/selling specifically Auto 540i Tourings. I would appreciate if people would either reply here or PM me their prices. 

I don't want the car to be written off, but there are two full panels to be replaced and sprayed as well as a blow-in/colour matching of two more panels and the A-pillar as well. 

 

It looks to be off the road for a about two weeks in total for all the work. 

 

The one quotation i've got so far, estimates £3000 without the cost of a hire car for those two weeks; which for an equivalent vehicle is about another £1000 on top. 

 

Cars i found on AutoTrader and PistonHeads are between £6000 and £12,000 - however their miles are considerably lower than my 124k miles. 

 

If you guys have any other advice or experience in how to get the best out of the situation, please don't hesitate. 

 

Much appreciated. 

 

NF aka Deepan

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cant see the pics but the cold reality is at that cost the insurance will write this off unless it has a protected / classic /, valued high policy .. if its just fully comp insurane it will be at market value hence a write of sadly

 

And I doubt the insurance will entertain E39s priced at that .. they may well be priced high but not sold at that unless you can show them otherwise

Edited by The Flying Banana

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1 minute ago, The Flying Banana said:

cant see the pics but the cold reality is at that cost the insurance will write this off unless it has a protected / classic /, valued high policy .. if its just fully comp insurane it will be at market value hence a write of sadly

 

I did ask for an agreed value, at £5000, but i'll need to check whether it's actually been applied or it's just a standard fully comp'd. 

 

The market value is what i'm trying to ascertain here. if the range from AT/PH is between £6000 - £12000 then, you could park a bus in that range, and therefore it's open to interpretation, and therefore with people's experiences, it may potentially work to my favour. 

 

Mine also has a full and complete history, with main dealer until 2012, and approved specialists since. Being a non-vanos, it's a more desirable M62 engine too. 

 

Cheers. 

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2 minutes ago, inkiboo said:

Three tuns in Slough?

 

Yep, turning right at the main lights outside the pub, to go towards the M4. 

 

Are the videos attached above not visible? 

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Sad thing that this fantastic car was killed by a reckless driver rather than old age or poor maintenance.

Maybe you should consider an Import E39, No rust and obviously better condition all around.

 

Edited by amazighman

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On 6/22/2018 at 9:53 PM, Loadmaster said:

2nd one isn't. Unfortunate accident that.

 Main one is the first video, the weird thing was that the driver's father reported the incident to the insurance, but they had no details of the incident itself, nor the driver. not sure what the process is for Admiral (their insurer/underwriter) but when reporting an incident, i would assume you give the details of who was driving and what happened? 

 

I was lucky to have the footage and that he admitted liability at the scene (they didn't know that either) so it should be a smooth process for me at least. 

 

I did have a pretty stiff neck all weekend so seeing the doc this afternoon for my routine medication, and will get the once over at the same time. 

 

On 6/22/2018 at 10:09 PM, coolhand9 said:

 

Or another brain dead driver who doesn't understand that he doesn't own the whole road.

 

Who knows what he was doing? I wasn't sat in the car with him, nor do i know his situation or him as a person, i'm not a fan of white van drivers in general, but out of the car he seemed like a decent chap, and knew he was in the wrong. without the damaged caused by hitting my car, his van had no other scratches or dents that i could see which is unusual for a 5 year old van. 

 

On 6/23/2018 at 1:41 PM, amazighman said:

Sad thing that this fantastic car was killed by a reckless driver rather than old age or poor maintenance.

Maybe you should consider an Import E39, No rust and obviously better condition all around.

 

 

Thanks, it really is a gem, lovely to drive, and aside from a couple of niggles, it was pretty much in perfect condition. I kept up the dealer/specialist history when i bought it from the last owner, and has every service stamp and ever bill/receipt from the day it was driven from the showroom. shame it's not a sport or it would be double the value. 

 

I will be calling the insurance people this afternoon to see how things are progressing and whether they have had a chance to speak to their insured party and/or analyse the footage. I'll update the thread accordingly. 

 

If anyone has for sale prices/purchase prices they are willing to share or can point me in the direction of who to ask, i would be most grateful. 

 

Much appreciated ladies and gents. 

 

NF aka Deepan 

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Quick question people, 

 

Is there a way to find out if a particular person is insured to drive? I know the van itself has insurance, but I'd like to know the names of the insured/named drivers if that makes sense. 

 

Something in the back of my mind, says that the guy driving wasn't insured to drive. Its probably some mis-guided sense of pessimism and I hope i'm wrong, but it would help to know. Especially since the lady from Admiral said that they hadn't spoken to their insured party, as I said earlier, I found extremely odd. 

 

Cheers

NF

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5 minutes ago, coolhand9 said:

 

Used that this morning, it only tells you that the car itself is insured, who the broker/underwriter is and the policy number. Not the named parties, possibly for DPA/GDPR.

 

I'm going to call them this afternoon anyway, and see where they've got. 

 

Thanks

NF aka Deepan

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what if you do find out he has no insurance .. a court battle could then ensue .. it wont make recovering the value of your car any better ( infact worse ) as you are then fighting an un insured driver

 

If Admiral are sayng its insured and you are lodging a claim aganst them which they are checking out surely best to proceed and try get a settlement

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28 minutes ago, The Flying Banana said:

what if you do find out he has no insurance .. a court battle could then ensue .. it wont make recovering the value of your car any better ( infact worse ) as you are then fighting an un insured driver

 

If Admiral are sayng its insured and you are lodging a claim aganst them which they are checking out surely best to proceed and try get a settlement

 

This is the dilemma i find myself in Mr Banana, do i make sure they hold the specific driver accountable and "assume" that he's not insured to drive, or do i gloss over that piece of information and just make sure I'm covered irrespective. 

 

This is all speculation and the driver at the time may well be kosher and it's all a figment of my overactive imagination. 

 

Thanks

NF aka Deepan

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Surely your claim is with the insurance company? Let them tackle the issue of who was driving if it is indeed an issue.

 

For now you need to take the driver at his word i'd have thought and get your evidence for the valuation arguement?

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18 hours ago, duncan-uk said:

Surely your claim is with the insurance company? Let them tackle the issue of who was driving if it is indeed an issue.

 

For now you need to take the driver at his word i'd have thought and get your evidence for the valuation arguement?

 

It's a moot point now, the insurer has said that my claim is being processed, the policy holder has called them up himself, as opposed the insurer calling him. They said they still need to speak to the "named driver" so it's a futile element of the discussion now. 

 

From what information I've gained from eBay, Facebook Marketplace, PistonHeads, AutoTrader - the value of my car is approximately between £5000-£7000. 

 

Thanks

NF aka Deepan

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2 hours ago, NuckingFuts said:

 

It's a moot point now, the insurer has said that my claim is being processed, the policy holder has called them up himself, as opposed the insurer calling him. They said they still need to speak to the "named driver" so it's a futile element of the discussion now. 

 

From what information I've gained from eBay, Facebook Marketplace, PistonHeads, AutoTrader - the value of my car is approximately between £5000-£7000. 

 

Thanks

NF aka Deepan

Not sure if the insurers looks at the values on Ebay, Gumtree etc, I thought they give you the trade in value which is a lots lower.

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Why would you accept trade value?

 

the aim is to be able to replace your vehicle with an equal equivalent.

 

They do search to obtain a market value - you need to collect as many adverts as you can to justify the price to support your claim.

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10 hours ago, amazighman said:

Not sure if the insurers looks at the values on Ebay, Gumtree etc, I thought they give you the trade in value which is a lots lower.

 

It's still a legitimate sale platform, so they would have to. Blue book value is essentially "Market value" minus expenses to auction; however if they declare it and then i don't buy the car back, it would go to salvage as opposed to auction. 

 

I'm getting prices from every medium possible to get the most accurate representation of the value of my particular vehicle. Which is why I'm asking the experts here. 

 

Please, anyone that has bought or sold a 540i Touring, any time in the last 12 months, please message me the price and rough spec so i can collate all the information. 

 

Thank you

 

NF aka Deepan

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Hindsight is a wonderful thing, however I'm not trying to mitigate the driver of the van but seems to me that he 'lost' you in his blind spot. You have to anticipate this when dealing with vans, buses and lorries.  Either get infront of them (in the observation zone) or allow them to pass you (in the observation zone).

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10 hours ago, jake13 said:

Hindsight is a wonderful thing, however I'm not trying to mitigate the driver of the van but seems to me that he 'lost' you in his blind spot. You have to anticipate this when dealing with vans, buses and lorries.  Either get infront of them (in the observation zone) or allow them to pass you (in the observation zone).

 

He shouldn't have "lost" me, as he was behind the SQ7 driver who jumped the red light. I was ahead of him, there was no conceivable scenario (had he been paying attention) that he wouldn't have seen me. 

 

If he wasn't paying attention then, again, it's still his fault. 

 

Hindsight is a beautiful thing, as is concentration and eyesight. 

 

I anticipated everything, and had he been a Lorry, or any other large vehicle, I would have given him a wide berth, or even let him take the turn ahead of me, however, I've been using that turn 4 days a week for the last 5 years, with a wide variety of vehicles and vehicle sizes, and this is the first time I've had an incident. 

 

Thanks

NF aka Deepan

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Have the insurance company actually offered you a price? Which two panels need to be replaced and sprayed?

 

I know bodyshop work isn't cheap but £3k sounds an awful lot to me.

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13 minutes ago, Loadmaster said:

Have the insurance company actually offered you a price? Which two panels need to be replaced and sprayed?

 

I know bodyshop work isn't cheap but £3k sounds an awful lot to me.

 

Not yet, they're waiting for the named driver to give his account of the incident. 

 

The Driver's door, the drivers side wing and the bonnet need replacing, as well as painting those items and matching the colour to the shuts/sills and other panels. 

 

The time estimate is approximately two weeks, to do it properly, and taking the appropriate amount of time to paint, dry/cure, then lacquer, flat and polish. 

 

£3k is steep, but the paint work for this garage is very very good. he's done work for me in the past, and i've never had an issue in the slightest. he's also insurance approved. 

 

Cheers

NF aka Deepan

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8 minutes ago, NuckingFuts said:

 

Not yet, they're waiting for the named driver to give his account of the incident. 

 

The Driver's door, the drivers side wing and the bonnet need replacing, as well as painting those items and matching the colour to the shuts/sills and other panels. 

 

The time estimate is approximately two weeks, to do it properly, and taking the appropriate amount of time to paint, dry/cure, then lacquer, flat and polish. 

 

£3k is steep, but the paint work for this garage is very very good. he's done work for me in the past, and i've never had an issue in the slightest. he's also insurance approved. 

 

Cheers

NF aka Deepan

I dont see anything wrong with repairing the car, replace the damaged panels ( plenty of them in scrap yards)and respray it, at least it is your car, you know it is well maintained instead of buying another one with its own problem.

 

If the other party insurance will cover the costs why not.?

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Just now, amazighman said:

I dont see anything wrong with repairing the car, replace the damaged panels ( plenty of them in scrap yards)and respray it, at least it is your car, you know it is well maintained instead of buying another one with its own problem.

 

If the other party insurance will cover the costs why not.?

 

Ideally, that would be the perfect scenario. 

 

I don't know what the impact of a cat d would be to my insurance but if the premium went up by say 10%, that wouldn't be too bad. Then i can plan what to do with any potential payout. 

 

Cheers

NF aka Deepan

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