Last post on Jul 28, 2013 at 1:05 PM
You are in the BMW 5-Series
What is this discussion about?
BMW 5 Series, Electrical, Engine, Sedan, Wagon
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#1846 of 2735 Re: Inspection II [pen101]
Jan 16, 2007 (8:29 pm)
Pen, I saw this reply from kyfdx:
"You are still my hero for pulling off that CPO repurchase of your car for less than the residual value!!"
and I tried searching but couldn't find your story--can you tell me more about this, please? I have a 2004 330i that I like a lot, but I'm worried about buying it out of its lease. I've purchased/leased 3 BMWs from this dealer, but all 3 salespeople are now gone (long and sad story)--could you give me a pointer to your story, or a recap, please? What you did is exactly what I hope to accomplish--thanks in advance.
#1847 of 2735 Re: Inspection II [rworrell]
Jan 16, 2007 (9:32 pm)
I'm flattered. See post 1215 of BMW - prices paid board.
At that time I discovered that I could negotiate and purchase the car at the AUCTION price, which for my E39 was well below the buy-out price of my lease contract (and also the kelly blue book wholesale price). I also researched and found out how much it cost the dealer to CPO the car. Now all I needed was a dealer willing to take the bite.
At the same time the 3 year/36,000 mile maintenance free warranty was expiring on the car. So I convinced the dealer to service the car and change the brakes and fix a few other things (such as the broken cup holders and the windshield wipers) so the car was in top condition (all free of course). I also purchased new tires (negotiated a killer deal at a tire store) so that it would pass CPO requirements.
All the dealer had to do was check the boxes on the inspection and issue me a CPO certificate, make his few $100 and that was it. I also insisted on a complete detail of the car and had them waive the over-mileage and other fees. Later I also collected money from the BMW Club of America because I was (and still am) a member.
Ok, I am both a CPA and attorney and I negotiate for a living. However, anyone can do this with a little research. Knowledge is power. Also, and most importantly, I must give lots of credit to the many fine members of this board who I learned so much from.
#1848 of 2735 1985 BMW 525 that dies every time I let off the gas!
Jan 11, 2007 (6:20 am)
Okay, I know it's an old car and it'll have issues, but I've changed the fuel filter and used fuel injector cleaner. If it were the fuel pump, wouldn't it die when I GIVE it gas, not when I let up? Anybody know what I can do to fix it?
Jan 16, 2007 (10:15 pm)
I just purchased a 540i 2001 from a private party...great car. However the company that I hired to tint the windows left the doors open while they worked on the tint which in turn caused the battery to go dead....and I guess they had to "jump-start" it. After I was driving away, I noticed that my on-board computer, fuel gauge and tachometer are not working. Could this be related to the battery being low....or might it be something else. Thank you to whom ever can give me a little peace of mind.
#1851 of 2735 Re: Inspection II [kyfdx]
Jan 17, 2007 (8:02 pm)
pen101 & kyfdx:
Thanks to you both for the info and the direct link. I'm going to go read all I can on the transaction. Thank you!
#1852 of 2735 BackUP Camera & MP3
Jan 30, 2007 (3:48 pm)
Has any one had any experience in adding a backup camera and mp3 player to 2004 BMW 530i?
#1853 of 2735 Aluminum Dash Trims
Jan 30, 2007 (3:50 pm)
Hi, Any one know where to get aluminum dash trims for BMW 2004 530i. I like the interior like M5. Thanks, Adam
#1855 of 2735 BMW 5 series indicator light problem
Feb 08, 2007 (1:34 pm)
Hi, the green indicator warning lights on my dahboard have started to function at random, also the high beam warning. The brake lights also seem to come on at random. Any ideas?