I have a dilemma.  I found a 2000 BMW 528i with only 58,000 miles that a friend 
of mine is selling.   The Loan value is $8400 (retail is $11,900).  I had a 
friend of mine who is at a dealership check the auction prices.  These same 
cars are bringing $6-6500 at AUCTION with around 60-70,000 miles.

It is very clean and in great shape EXCEPT, it has a scrape on the rear 
fender/bumper where the seller scraped their brick mailbox.  It doesn't look 
terrible. But, in order to make it perfect, it will have to be painted because 
the scratch is into the paint.  The car has been serviced at the local dealer 
since it was new; I called the dealership to confirm the service history.  It 
had the big expensive service deal done at 40,000 miles.  The last oil change 
at the dealer was done in June of 2008 when it had 56,000 miles. Its a one 
owner car.

The seller wants $7500.  But, we haven't even tried to negotiate.  My indy (who 
also sells cars at his shop) says I should try to buy it for no more than 
$6000.  I am really torn because it is a very nice car with low miles.  But, I 
don't need another car payment (I owe money on my Wife's Expedition).  I might 
be able to turn around and sell it quickly.  In fact, my indy says he could put 
it on his lot and sell it for $7500 pretty quickly.  OR, do I buy it and drive 
it and try to sell my car?  My car (which I really like) would probably only 
sell for about $4000.

Donald H. Snook

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