Last post on Feb 16, 2013 at 10:05 PM
You are in the BMW 5-Series
What is this discussion about?
BMW 5 Series, Sedan
#11627 of 12737 Re: 2003 BMW-525 [markcincinnati]
Sep 10, 2006 (6:55 am)
Thanks for the detailed explanation. It seems like what you say is right. Please shed light on the following:
1) What model (with options) cost you 47K? Who was your lender/dealer?
2) I bought a 2003 530I in 2004 (with 2k miles)for 42K. It has sports package, nav, parking sensors, cold weather package etc. Went through leasecompare.com for leasing it ,and ended up paying 599 for 39 months with 0 down. I had 12k miles/yr.
Right now I am 49,600 miles and still have 6 months to go to get out of the lease. Now I am planning to sell it out and get another BMW (if I can afford it). Basically reasons for selling it off are :
- In winter even with winter tires and sandbags in the trunk it is had to drive (at least for me) in NE Ohio.
- At the rate I am putting miles on it, I would end up paying around 3k for the extra miles while returning it.
What do you suggest? Getting a new car like X5 or 525xi these days with winter package seems to cost me around 700/month. I used the calculator in www.leasecompare.com. Where am I going wrong? How come you ended up with paying 600/month? Please advise.
3) Thinking of buying Cadillac SRX , by returning the BMW. Till now I have always owned BMW, but now I have a family and affording it seems to be a bit of uphill task for me (at least for coming year or so). Any comments on SRX?
#11628 of 12737 Should I get a 5 Series
Jun 27, 2008 (3:16 pm)
Okay - this is the first time purusing the BMW boards, and although I do not own a BMW or do I think that anytime in the near future I will be owning one, I have always wanted a BMW. Specifically the 5 series. This is just an arbitrary wish/want and if I really wanted to I am sure that I could go down and get one. But at the present time I have other priorities. Such is the reason that I drive I 6 year old domestic small truck and a 3 year old domestic sedan - both GM models.
Anyway, I can never see myself plunking down over 40K, or even 30K for a vehicle and so to even beging to think about aquiring a BMW, particularly a 5 series, I would have to go used, and 3-5 years old at that. That in and of itself doesn't bother me. I would not be ashamed to be driving a 5 year old Beemer.
So my question is, would buying a several model year old 5 series be worth it? Or would I be better of in my domestic sedan, even though it is practically new? Even though I paid the same price for it as I would a 5 year old Beemer? The car doesn't get driven much and in 3 years it has only aquired 20K miles.
I wouldn't be replacing tires that often because it's not driven extensively, the vehicle wouldn't experience "extreme" wear and tear, and it would recieve it's regular maintanence, but I would assume that since it is not driven very much, would require the "regular" maintanence less often and so wouldn't cost as much to maintain? Also, how would the insurance rates be affected? is there a significant difference between insuring a 5 series and a late model value vehicle? I would expect there to be a difference, but how much of a difference?
And then how reliable is the 5 series. The domestic I drive has proven over the years to be fairly reliable, but no car is bullet proof. I expect this car to take me to beyond 100K miles with no major problems, but at the rate I am driving it, it would take me another 12 years to get to 100K. I don't see myself keeping that car for another 12 years. A growing family could force a vehicular change long before the car requires it. So if I were to purchase a 40-70K 5 or 6 year old 5 series, would it serve me well if maintained properly? Also what would be the best way to go? A 525, 528, 530 or 540? I have been looking at 530's but only briefly and not in depth. I haven't done any major research on the different designations to know the major differences and options. I only know that the number designates which drivetrain is in the vehicle?
Anyway, this is probably only a pipedream and I may never actually go out and get a car. Common sense tells me to just keep what I have until the wheels fall off, especially since it is paid for and as of right now I don't really want another car payment. I wanted to find out more info as just maybe I might so something as asanine as purchasing a BMW ...... but maybe just maybe, after doing some research and crunching numbers and all that stuff, it won't be such an asinine thing, but rather a good thing ???
Sep 11, 2006 (1:06 pm)
Our 2005 X3 3.0 with almost every option box checked (except auto trans) was what cost $47K -- I should have clarified it was NOT a 5 series, sorry if there is an issue with this.
It should make little difference in the meaning I was attempting to impart, however. Perhaps the 5 or the X has a higher (or lower) residual and perhaps BMW financial (our lender) had a special lease deal on the 5 that is not on the X or vice versa and etc.
Overall, the spirit of what I said I stand behind and it is largely based on experience.
#11630 of 12737 Re: Should I get a 5 Series [thebigal]
Sep 11, 2006 (1:16 pm)
#1 Ask your insurance carrier for the information you mention wondering about in your post.
#2 Any car, practically, involves an emotional decision NOT simply a financial decision. If you could go get one anytime you wanted, even if it meant a "car payment," it is clear that the emotional need has not overtaken the pragmatic "want" or need.
#3 I am certain there are excellent used Bimmers to be had any almost any given point in time.
#4 German cars CAN be breathtakingly expensive to repair -- I am not, however, suggesting that EVERY German car will even need such repairs.
#5 What 5 series of any age and configuration is best for you is impossible for someone else to determine, but it is possible for someone else to give you some input if you would describe what your "near term" (6 months or less) real intentions actually are. Generally speaking the i6 versions of the 5 series are "popular" with the car magazines and owners alike -- within limits, usually the bigger number after the 5 signifies a car that is more well equipped since more "stuff" comes standard on a 530 than on a 525, broadly and generally speaking.
#6 There is NO SUCH THING as common sense, don't even go down that path, for common sense is ONLY COMMON to ONE person, you. For what I think is common sense may be so far off the wall to you that it would be as if I only spoke Chinese and you only spoke Spanish yet we were forced to communicate in Klingon -- to be fair to each other!
#11631 of 12737 to shipo re:brake pads
Sep 18, 2006 (7:48 pm)
Can you tell me the type of Axxis brake pads you put on your 530 when you had it? I will probably be needing new pads soon and remembered that you liked the Axxis due to less residue. Also, did you have your BMW dealer put them on?
#11632 of 12737 Re: to shipo re:brake pads [cmr530i]
Sep 18, 2006 (8:00 pm)
I used the PBR/Axxis Original Deluxe pads which have since been replaced by the Deluxe Plus pads. I did the job myself and it was a piece of cake, maybe a half of an hour per wheel.
Sep 21, 2006 (11:05 am)
A reporter seeks to talk with current owners of the BMW 5-Series. Please send your daytime contact info and the model year of your vehicle to jfallonedmunds.com no later than Wednesday, September 27, 2006.
#11634 of 12737 Should I keep my 2001 525i ......
Oct 04, 2006 (11:12 am)
I have a titanium metallic 2001 525i with the sport premium package with 78K miles that I purchased CPO from BMW almost two years ago. My 5 has been relatively trouble free thus far. My CPO warranty is up in Jan '07 so I recently started looking for an extended warranty. I found from a "very reputable" company but the warranty only covers components related to the engine, transmission, and drive axle (no coverage for electrical systems). I can get this coverage for an additional 3yrs/60K miles at 0% deductible for roughly $1500. Most other extended warranty companies do not provide 'bumper-to-bumper' warranties for vehicles with more than 75K miles.
Seeing that this warranty will not cover electrical components, what is my potential exposure from the electrical components that may fail over the next 40K miles? I love my 5 and want to keep but I have not problem selling it if I can't get "proper/affordable" coverage for January 2007 and beyond.
Any assistance current/previous 5-series owners can provide would be appreciated. Thanks.
#11635 of 12737 Re: Should I keep my 2001 525i ...... [shaymasdaddy]
Oct 04, 2006 (1:08 pm)
Put the $1500 in a money market account, find a good independent BMW tech, and keep on driving. I seriously doubt that you will spend anywhere close to $1500 on non-scheduled repairs. As I stated in response to another post:
Relax! Most of the "horribly expensive BMW repair" stories are spread by people-many are envious fools, while others are just plain fools- who heard that his best friend's sister's college roommate knew a guy who had a dentist who told him that it cost him $3000 to change the oil on his 318i. Yes, there ARE some dealers and independents who grossly overcharge their customers. Having said all that, there are good dealers and independents out there who charge fair prices and offer a CCA discount.
I ran a 1997 528iA to over 130K miles and my service and repair costs averaged $80-$90 per month. We only sold it because my wife wanted an X3. I needed to keep my US built Wrangler for political reasons. As it turned out, I wish I had the 5er back. The new owner loves it...
#11636 of 12737 Re: Should I keep my 2001 525i ...... [div2]
Oct 05, 2006 (7:17 am)
My phrase is "German cars can be breathtakingly expensive to repair."
This, however, does not suggest I think they will need much in the way of repairs.
For some, $1,500 is peace of mind.
I consider it "insurance." I would never drive my car without insurance even if it were legal to do so.
The number of claims I have made in a lifetime of driving are but a mere fraction of the premiums I have made.
I am suggesting one do what one feels most comfortable with and I do agree the chances of spending $1500 on warranty claims is slim.
Also, though, maintenance on these Germans can be nearly breathtakingly expensive -- but that is another policy -- usually $3000 -- and I am really not sure about that.
My friends 58,000 mile young X5, flawless in virtually every way, needed new front brakes -- the car was used frequently for communting between Cincinnati and Indianapolis. New brakes + oil change = $950. Yep, the oil change was $800 all by itself.
Just kidding. The oil change was probably about $49.95 and the rest was for the brake pads, rotors and labor.
My friend, pondered the cost of the extended warranty+maintenance pack and said, hmm, $1800 for the front and rear brakes alone, makes this a $1200 decision and the fact that the other "routine" items are hardly ever less than $100, does give one pause to consider such a package.
Just a thought.