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Prices Paid: Buying & Leasing Experiences BMW 5-Series Prices Paid and Buying Experience
3504 messages, Last post on Dec 07, 2009 at 3:46 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: kyfdx (Nov 13, 2004 3:45 pm) What keeps the E39's rockin' is the "lack" of interest in the E60's ... at the time, they were probably the "best buy" of the year with all of the incentives on the last remaining models of the 03's ..... the funny part is, the 04's are only doing around $5,000 more than the 03's comparably equipped, thats got to tell you something .........  You bud could probably sell it and still make $5,0/$6,000 even with the handshaker ..... Terry. |
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I was suspicious also.. As Terry pointed out last week, he bought it for about what they are going for at auction.. As far as the mileage.. Of course, any number of things could happen to cause that.. BMWNA employee leases are generally for 1 year or 10K miles, whichever comes first.. They are dirt cheap (the employee leases, that is).. so, if he had a short commute..etc, etc.. As far as BMWNA? They announce previous damage at the auction.. but, they keep it off the vehicle history report for six months.. Gee, I wonder why that is? I found that out the hard way.. And yes.. They had killer deals on the 530i last fall.. But, again as Terry says.. that doesn't translate into lower prices now.. This example is a really rare occurrence... usually, one follows the other.. It kind of makes me wish I had bought one last year... but I was stretching the budget for the 325i. But, he won't be selling right away for a profit.. He has an '03 Lexus ES300 to sell.. He is happy as a clam with his new 5-speed BMW. So, Terry.. '03 Lexus ES300 with 23K miles.. Gold with tan guts.. Everything original.. no runs, no hits, no errors.. What is it worth in a private party sale? Cincinnati market. regards, kyfdx
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Steals happen but that is beyond steal. Would like to know the details of the purchase. What did your friend do to verify prior to purchase? Was a PPI done etc.? If not your friend has brass. That car in excellent condition should go between $37K and $41K. I wouldn’t worry about mileage. Plenty of people don’t drive much. A guy at work has a 330 and his daily commute is 6 miles. That comes to ~1500 per year plus his weekend usage puts his total at around 5K per year. Lots of Porsche owners do between 4K and 6K per year... Ferrari watch-your-money-go-up-in-smoke syndrome. Less common with bimmers. I think BMW owners have more wanderlust. “…the dealership was selling it [2003 530i] at invoice minus $4,000 +/-.” Habitat1… that would have taken the blue ribbon around here. I recall the best deal reported in this thread last year was around $3500 under invoice plus 4$K incentive. We always remember the ones that got away. I will never forget the opportunity I had for an 01 M5 last year… 2500 miles, $57K. Could have driven it for a year and turned it around for the same price. I even had the guys deposit check made out. Instead, the two-seat drop-top beckoned. Will be interesting to see how the E46s price out in the coming year, if they will approximate E39 deals last year. Also it will be interesting to see prices of outgoing BMW models as affected by the new engines.
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Replying to: designman (Nov 15, 2004 8:12 am) No PPI.. called the guy a week ago, asked a few questions, flew up on Friday, did the paperwork and drove it home.. The only negatives on the car that might drop the price a little.... stickshift without sport package... and, no heated seats.. Cosmetically, what you would expect from a car with only 6K miles.. just about perfect.. couple of very small parking lot dings on rear bumper, the kind you wouldn't see unless they were pointed out to you.. I'd say that as cheap as he got it.. even if he finds issues later, he is in pretty good shape... he already has 700 miles driving it, and is very happy with it. (and I know he's being straight about the price, I saw the completed auction on ebay). regards, kyfdx (sometimes dreams do come true) |
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Replying to: designman (Nov 15, 2004 8:12 am) Did I misspeak? The deal I was offered was approximately $4,000 under invoice, including the $4k incentive. If you could have got a 530i for $3,500 under invoice, plus a $4k incentive (i.e. $7,500 under invoice), you really blew a good deal. As far as your used car values go, I think they are being very generous, at best. In the DC area, 2003 530i's go for way less than $37-41k. More like $32-35k, if you look around. And a 2001 M5 for $57k is a good deal (even a year ago as a three year old car)? The fact that the M5 is perhaps the ultimate sedan on the road doesn't mean it's easy to find someone to get infatuated with the idea of paying $57k for a three year old used car. Perhaps I'm a new car snob, but $73k for a brand new one sounds like a far better deal than $57k for a three year old one, suspisciously low mileage notwithstanding.
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Replying to: habitat1 (Nov 15, 2004 2:36 pm)  Terry. |
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Replying to: kyfdx (Nov 15, 2004 7:11 am) Sounds like the mid/tall $23's, maybe the low low $24's if everything goes his way on the trade side, not much help from the color or the miles ... might see $26ish after all the smoke clears down Retail Rd .. it's funny, but like the "old 5" Bimmer body, the ES is going thru the same thing .. clean low miler "02's" will do "almost" what the new body will do ..... whats that tell ya.? Terry.
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an '04 525 stick, black on black, sport, premium, heat (seats) and lights (zenons) with 17K at a dealer as a CPO in soon to be snowy Boston? How much more would you pay for the same car if new? Note, no great factory financing on either one but the CPO has a better warranty than the new unit.
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