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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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“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.” I stand corrected on the including/plus slip. By my original point was that $38.9K at $4000 under invoice was at the extreme end of good deals last year in this thread. “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.” It was two years old when I saw it. And it was bought the same week I turned it down. I saw others go just as quickly for a lot more. For someone who heaps praise on the M5 I find it curious how you would classify someone as “infatuated” for buying one with 2500 miles for 17 grand less. I wouldn’t call you a “new car snob”, I’d say you are “infatuated” with new cars. I’m not. And I would take new-545 money and put it on a cream puff E39 M5 any day. Furthermore, that particular car would have turned around with less depreciation in a year’s time. BTW, the low mileage is suspicious to YOU because you know nothing about the car.
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Replying to: designman (Nov 15, 2004 8:24 pm) "BTW, the low mileage is suspicious to YOU because you know nothing about the car." I may not know anything about THAT car, but I have been coached by a few well qualified friends and associates that a car that "sits" for extended periods of time is MORE likely to have some mechanical issues than one that is driven regularly. I won't go beyond MY limited technical expertise, but as it was described to me, belts and chains get rigamortis, fluids evaporate and/or solidify, even tires get fatigued from being in one position. And the idea of starting up a car and driving it a few miles once or twice a month is hell on an engine that doesn't really get a chance to warm up. Heck, my Honda S2000 wasn't even fully broken in until it had 5,000+ miles on the odometer. I didn't test it's 9,000 rpm redline until well after 1,500 miles. Call me paranoid, but I'd be willing to bet a dollar to a doughnut (or better yet, $73k to $57k), that my new M5 would get a much better break in routine than that 2,500 mile 2-3 year old used one did. The beauty of the M5 is that it is meant to be driven, not looked at like a fragile piece of art. I'd be much more inclined to buy a 3 year old M5 from someone who appreciated that and driven it (responsibly) for 15,000+ miles than someone who needed a trophy for their garage. |
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Replying to: rroyce10 (Nov 15, 2004 4:49 pm) regards, kyfdx |
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list is $ 58,455.00 with a sell price of $ 55,490.00 plus tax and tags. payment for a 36 month/10,000 mile lease comes to $ 717.54 per month including PA tax 1st month: $ 717.54 Security: $ 750.00 (unless you have a current lease with BMW) Bank Fee: $ 525.00 DMV Fee: $ 261.00 Total: $ 2253.54 What do you think?
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Replying to: alex123 (Nov 16, 2004 8:05 pm) If it were me, I'd cash in some frequent flyer miles and get a 545i through European Delivery for $1,200 to $1,500 over invoice. The loaded 545i 6-speed I priced out came in at below your price for a 530i. Not sure about leasing through ED.
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Replying to: blckislandguy (Nov 15, 2004 5:28 pm) The pre-owned.? .. the dealer probably paid in and around the $34ish figure, by the time they do the CPO and a few things it probably hits the table at the $35ish figure and he probably would cut it loose for the $37ish zipcode or less .. it's a handshaker, he won't want that dude in the inventory for any length of time with winter coming ...........  Terry. |
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Replying to: habitat1 (Nov 17, 2004 1:47 am) This is 2k over invoice, edmunds suggests it should be sold  sticker.
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Replying to: alex123 (Nov 17, 2004 4:45 am)  Terry. |
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“$17k may sound like a lot of savings, but that's only 23% less than the price of a brand new vehicle.” What are you comparing this to, a 7-series that you may be able to get 15% off MSRP, or the vehicle in discussion—an M5 which isn’t discounted and has better resale value? Big difference. Furthermore, the E60 M5 is less street-friendly than the E39 version for my taste. The price/performance difference hits my sweetspot for a performance sedan. And yes, $17K is indeed a lot of savings. As an owner of an S2000 bargain baby are you really going to try to convince me otherwise? “…I have been coached by a few well qualified friends and associates that a car that "sits" for extended periods of time is MORE likely to have some mechanical issues than one that is driven regularly.” That theory could hold water for a vehicle that sits unused and unattended for 15, 20 years. An 01 vehicle doesn’t even close to being suspect on those grounds. I welcome any opinion or evidence that suggests otherwise. 01 cars aren’t old enough to develop internal corrosion, pocks, galling, rigor mortis due to the effects of time and unattended lack of use. The M5 that interested me would be subjected to immediate fluid replacement and diagnostic anyway, then go through my own break-in regimen. Flat spots on tires? They would SCREAM vibration on the test drive and would have to be replaced before I would consider buying. To each his own but I see little downside to buying a low-mileage cherry. It means I’ll have more redlining to myself. I would like to know what happens to routinely-redlined high-revving engines when their mileage starts adding up—their odometers belie the distance traveled by the reciprocating engine parts and the stresses put on them. I would never buy a car that I thought was driven hard. Remember, high-revving F1 engines are as disposable as daily contact lenses. An owner who mimics this type of driving is taking life off his engine in a similar if less-extreme manner. I’ll do this myself, thank you, without having the other person’s driving factor into this. Proper break-in? Sure, I follow convention and am adverse to abusive break-in. But I’d welcome any data or even isolated empirical evidence that shows ill effects of UNDER-break-in, why it should deter anyone from buying a garage queen at a good price. It is my contention that under-break-in merely means it has yet to be broken in. I appreciate and buy new cars for the same obvious reasons that anyone else does. That said, I’ve had three used cars that never gave me problems. As you are candid about criticizing others on their purchases I will now amicably suggest that it could behoove you to re-think your car-buying strategy, because anyone who needs a full four seats and who craves roadster performance is going to be left hanging by every new luxury sedan out there. Therein lies the current value of an E39 M5. The total package can’t be beat—plenty of low-end torque for a road cruiser, plenty of revs for the sport driver, plenty of corners, and a real stick with heavy duty clutch—a combination that won’t be obsolete for some time yet. The bargain you find is merely icing on the cake. You’d give that up because of used-car syndrome and baubles like a nav upgrade? Think about it when you are driving your next new sedan and are having fond memories of your S2000 which is a fantastic car IMO. You may also want to think about why there are tons of luscious Porsches on the road, most of which are used and command premium prices. Again, to each his own but I find it unfortunate that a lust for sport and magnificent cars could be shackled by such paranoia.
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