Last post on Feb 16, 2013 at 10:05 PM
You are in the BMW 5-Series
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BMW 5 Series, Sedan
#7279 of 12737 BMW Questions
Aug 26, 2003 (4:33 am)
Hi I'm new to this forum and I'm looking for info/advice regarding BMW. I'm currently in the market for a pre-owned 2000-2001 528 BMW and I was hoping to get some data of what I can expect to pay in the real mkt. I've done lots of research with the help of consumer reports & edmunds.com, however, the numbers don't seem to come close to what dealers are asking. A 2000 with 39000 miles is going for 31K. Is this right? With the current economic status and the fact that the new 5series will be out in another mnth or so, I would think the mkt value of this type is not as strong. It's also hard for me to believe that in 4 yrs the depreciation of this car is roughly only 20%. All my data tells me 27K is more than reasonable. Please advice. In addition, I am looking to trade in my 1994 325IS with 138000 miles, avg to good condition. Could anyone tell me what I can really expect to get for this car? Thanks.
#7280 of 12737 Negotiate
Aug 26, 2003 (4:37 am)
sixers76... Concur that their initial price is a bit high. But that is the way nearly all used car sellers work. Hoping they'll find someone who will pay it. What the car is actually worth is what they'll sell it for on a given day. Much is based on supply and demand. That varies by region.
Make 'em an offer. Worse that will happen is they say no. But they may take it. Or you may end up somewhere in between. Remember, everything is negotiable. Knowledge is power. Try to have fun.
You don't say what kind of options this car has. Makes a difference if it is a base no-option car versus a fully loaded car with PP, SP, etc. What was this car's original MSRP? Keep in mind the car is still under full b-to-b warranty until the end of the full 4/50 period. I'm also assuming it is CPO, which gets you an additional 2/50 of CPO warranty.
#7281 of 12737 Sixers76...
Aug 26, 2003 (7:17 am)
I don't consider myself very expert, but here is some recent experience: We recently bought a 2001 525i with around 30,000 miles on it for $28,500. However, this was not from BMW so it is not certified pre-owned. That was the best deal I found by far, though. Certified was a couple of thousand more. The '01 530i was priced for sure over $30k as I recall.
I was offered a '00 528i with 30,000 miles for $28,000 (BMW certified) without much negotiation. Let them know you know you can get a brand new 525 '03 for around $36k with the $3,500 factory to dealer incentives going on. There is more info on this incentive in the "BMW 5-series Prices Paid" area. Autotrader.com has many used listings, so you can also get a good idea of what the going asking prices are. Good luck!
Aug 26, 2003 (7:17 am)
riez... Thanks for your feedback. Here are the list of options: Front Shoulder Harness, Driver's Airbag, Passenger Airbag, Front Side Impact Air Bag, Traction Control, Anti-lock Brakes, Master Window Lock, Rear Shoulder Harness, Electric Sunroof, Power Driver Seat, Power Windows, Power Locks, Power Mirrors, Tilt Wheel, Cruise Control, Tinted Glass, Intermittent Wipers, Vanity Mirror, Side Door Arm Rest, Clock, Map Light, Console, Cup Holder, Map Pocket, Trip Computer, Climate Control, Bucket Seats, Leather Seats, Recline/Lounge Seats, Carpet, Water Temperature Gauge, Trip Set, Tachometer, Remote Radio Control, Heated Seats (2), Leather Steer Wheel, Woodgrain, Alloy Wheels, Dual Mirrors, Quality Tires. From what I was able to determine all of these for maybe the exception of side air bags and leather were standard in 2000. The original MSRP was $38900. It is a CPO car.
Aug 26, 2003 (7:28 am)
Thanks! That's great feedback. Having this information will come in handy during negotiations. Thanks again.
#7284 of 12737 How scary is this?
Aug 26, 2003 (8:13 am)
Part of an article from an English newspaper:
EVEN George Orwell would have choked. Government officials are drawing up plans to fit all cars in Britain with a personalised microchip so that rule-breaking motorists can be prosecuted by computer.
Dubbed the “Spy in the Dashboard” and “the Informer” the chip will automatically report a wide range of offences including speeding, road tax evasion and illegal parking. The first you will know about it is when a summons or a fine lands on your doormat.
The plan, which is being devised by the government, police and other enforcement agencies, would see all private cars monitored by roadside sensors wherever they travelled. Police working on the “car-tagging” scheme say it would also help to slash car theft and even drug smuggling.
It also notes that cars driven by terrorist suspects or drug smugglers could be monitored even in Europe if, as officials in Brussels envisage, EVI is introduced across the European Union.
The DfT has hired management consultants to co-ordinate the development of the system, which it is thought could become operational by 2007.
The government is likely to face opposition from motoring groups. “We need to have an open discussion about what this technology is being used for, who is being tracked and for what purpose, and what could be the hidden agenda,” said Bert Morris, deputy director of the AA Motoring Trust.
Liberty, the civil rights organisation, said: “This could turn every driver into a potential suspect.” It warned that motorists’ details held on a central computer could form the basis of a “stalkers’ charter” if accessed by hackers.
Let's hope that none of the do-gooder "nannies" in N. America like this idea and hook onto it.
#7285 of 12737 George Orwell says...
by kyfdx@Edmunds HOST
Aug 26, 2003 (9:05 am)
Don't get the navi... it works both ways...
#7286 of 12737 fellow sixers fan
Aug 26, 2003 (9:20 am)
Even though you are not looking at a new '03 530, you might want to read the posts I & others have written about the incentives. This may help you when negotiating on a used one. You tell the dealers that a new is only "$x,xxx" more, surely you can much better than that.
Check posts: 299, 302, 307, 359 in prices paid as a start. New 2003 530's $39K with full waranty... Good luck. How are the Sixers going to do without Brown this year?
Aug 26, 2003 (12:18 pm)
is reading between the lines. Yeah, it'll show you the "total" or the "rollback" but unscrupulous sellers probably try to get around this.
One thing I have seen is cars registered many times in different states between private owners. That's a sign the car's a dud. Also, if a car is registered with 47525 and the next time it is registered with 47526, you should be suspicious.
#7288 of 12737 Sterling by jbf5
Aug 26, 2003 (3:44 pm)
Thanks for your remarks. Sorry you got the short end of it. I'll be on the look-out for any such irregularities when my car gets to the dealership. And reporting them here. I might be able to understand not filling the tank. But the rest seems like common courtesy and good relations, and your expectations seem reasonable. Did you make any complaints to anyone other than Sterling sales? How about BMWNA? Write a letter to the dealership owners?