Bank sale of 12/04 X5

[vd383]

Maybank has a 12/04 X5 3.0L for sale. Facelifted! with sunroof. not panaromic roof

went to see. in pretty good cond except for damage to front bumper & left fender & headlight

also was repo without keys.... so need to get new keys yourself. can't open doors & check mileage & engine cond

lastly it is parallel imported. warranty till dec 06.

love to buy it but its beyongd my budget.

someone hurry call maybank & buy!

 

[T6]

Re: Bank sale of 12/04 X5

Why don't u tell us what price the bank is looking at before we hurry down?

Bank will sell "as-is" basis. How can u tell it is good condition after all the descriptions above like bumper and headlight damage, dunno mileage, didn't even start the engine and drive it?

 

[BorisRS]

Re: Bank sale of 12/04 X5

That is the risk you take. But I have enquired about these type of cars before and even made a number of bids (unsuccessfully) for a number of these cars. Basically, if you are fortunate enough, you will be getting cars at a good 15% discount to 'market' price which usually more than makes up for getting new keys and reparining any blemishes to the car. Reason why I was unsuccessful in bidding for these cars is the folk at the repo companies normaly have a few regular used car dealers which buy their cars. Although the bid is suppose to be a closed bid excercise, I seriously doubt that the bids are truly secret and that they will allow some of these dealers to match best bids to get the cars. Fact of life I guess...

 

[eldwin]

Re: Bank sale of 12/04 X5

Judging from the car condition really doubt it will be a good bye!!

 

[T6]

Re: Bank sale of 12/04 X5

That is the risk you take. But I have enquired about these type of cars before and even made a number of bids (unsuccessfully) for a number of these cars. Basically, if you are fortunate enough, you will be getting cars at a good 15% discount to 'market' price which usually more than makes up for getting new keys and reparining any blemishes to the car. Reason why I was unsuccessful in bidding for these cars is the folk at the repo companies normaly have a few regular used car dealers which buy their cars. Although the bid is suppose to be a closed bid excercise, I seriously doubt that the bids are truly secret and that they will allow some of these dealers to match best bids to get the cars. Fact of life I guess...

Agree with u Boris. If one wants to bid in bank auctions, one gotto know the in-and outs, able to make an asessment on the condition of the car juz from visual inspection (which a lay person juz does not have the skill set for) and finally, know how the bidding "works".

 

[martmode8850]

Re: Bank sale of 12/04 X5

also... the car didnt bring the previous owner luck leh... if not wont get repo...

 

[vd383]

Re: Bank sale of 12/04 X5

also... the car didnt bring the previous owner luck leh... if not wont get repo...

haha....small problem... nothing SGM 8888B will not solve!

 

[vd383]

Re: Bank sale of 12/04 X5

Although the bid is suppose to be a closed bid excercise, I seriously doubt that the bids are truly secret and that they will allow some of these dealers to match best bids to get the cars. Fact of life I guess...

confirmed!
& they extended the tender just to get more $$$

 

[vd383]

Re: Bank sale of 12/04 X5

That is the risk you take. But I have enquired about these type of cars before and even made a number of bids (unsuccessfully) for a number of these cars. Basically, if you are fortunate enough, you will be getting cars at a good 15% discount to 'market' price which usually more than makes up for getting new keys and reparining any blemishes to the car. Reason why I was unsuccessful in bidding for these cars is the folk at the repo companies normaly have a few regular used car dealers which buy their cars. Although the bid is suppose to be a closed bid excercise, I seriously doubt that the bids are truly secret and that they will allow some of these dealers to match best bids to get the cars. Fact of life I guess...

confirmed!
& they extended the tender to get more $$$

imagine $148,888 for a 21 month old X5...
2 new keys = $700
Front repair = $999
happiness [if the engine is still ok...but still have warranty] = Priceless

 

[Azrielsc]

Re: Bank sale of 12/04 X5

No harm looking at the car and make a bid!

Btw, welcome back Jeff!!

 

[deputyruggles]

Re: Bank sale of 12/04 X5

Maybank has a 12/04 X5 3.0L for sale. Facelifted! with sunroof. not panaromic roof

went to see. in pretty good cond except for damage to front bumper & left fender & headlight

also was repo without keys.... so need to get new keys yourself. can't open doors & check mileage & engine cond

lastly it is parallel imported. warranty till dec 06.

love to buy it but its beyongd my budget.

someone hurry call maybank & buy!

Was this advertised on the newspapers? Couldn't find it on the classified leh.

 

[T6]

Re: Bank sale of 12/04 X5

I know of someone who paid less than $12.5k p.a. on a 04 registered X5 and not a repo car. Is this repo one cheaper?

 

[vd383]

Re: Bank sale of 12/04 X5

last saturday papers.

this the reason why i never liked buying cars from dealers [sorry i can't afford a new 645CI] cos the pristine looking 645ci u see could possibly have been a repo ride, kena minor accident as well & the dealer bought it from the bank for $20000 less than what you are goona pay him
do your research and offer what you think is a good price. don't feel good - don't bid

btw there is a 745IL on bank sale as well

SAM - i've always been around........ just that can't contribute much without having a BMW. i'm not crazy over clocking record number of posts in the forum. nice to see many of the 'old' guys like yourself still so active

 

[vd383]

Re: Bank sale of 12/04 X5

I know of someone who paid less than $12.5k p.a. on a 04 registered X5 and not a repo car.

are you also saying that the market price for a 2 year old X5 is ~$12.5k or that it is a one off case??? you don't find a sucker everyday :screwedu:

Is this repo one cheaper?

which part of BID / Tender / bank sale are u having difficulty understanding

 

[javiero]

Re: Bank sale of 12/04 X5

He's just making a remark. Cool off.

 

[T6]

Re: Bank sale of 12/04 X5

are you also saying that the market price for a 2 year old X5 is ~$12.5k or that it is a one off case??? you don't find a sucker everyday :screwedu:



which part of BID / Tender / bank sale are u having difficulty understanding

Dude, I think I said I know of someone who bought one at $12.5k p.a. U mentioned u wld be very careful abt buying repo cars than why are u posting here asking people to hurry go buy? If u are prepared to post, than be mature enough to accept contributions from others.

 

[Nuke]

Re: Bank sale of 12/04 X5

Dude, I think I said I know of someone who bought one at $12.5k p.a. U mentioned u wld be very careful abt buying repo cars than why are u posting here asking people to hurry go buy? If u are prepared to post, than be mature enough to accept contributions from others.

T6, Javiero, he's not a car dealer. Nor is he in the banking industry. He's from the Delphi forum period too. Nothing to gain from the sale just sharing. Chill.

 

[BabyShots]

Re: Bank sale of 12/04 X5

By the way.. where and how can view the car? who can i contact ? But hear the car is PI model so who do we go for service? and warraty?