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BMW 5-Series Prices Paid and Buying Experience

3038 messages,  Last post on Aug 29, 2008 at 8:27 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? BMW 5 Series, Sedan, Wagon


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#2130 of 3038
Re: October MF? and LA dealers recommendations? [kyfdx] by bimmerdude
Oct 31, 2005 (1:58 am)
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Replying to: kyfdx (Oct 26, 2005 1:10 pm)

Hi kydfx,
I just want to thank you and all the guys here for helping others, I have learned so much here from all of you, especially kydfx and Car_man. Thanks again!
 
I have 3 questions still:
First, I am asked to pay security deposit for the new 2006 530i MF=0.0016 (base MF =0.0014), is that right? Should I insist not paying unless it grants the base MF? Since the security deposit is refundable, why the dealer still asking for it? I would love to pay the security deposit if I can get the base MF, which is 0.0014. I believe that the dealer rather give me MF 0.0016 so that they can make more money. It seems there is no reason to take the deposit and giving base MF? I am a bit confused.
 
2nd question, since I have to order the car, what is the typical milage on the brand new car? how can I make sure the new car I got is no more than 10 miles on the car? Since I don't want to wait 8 weeks and get 50 miles on my brand new $50K+ car alreay?
 
3rd question, I need to make a $1000 deposit to get the order going. Can I still back off from the deal later and get the $1000 back, if something happened? I am not planning to do that, it is more wanting to know how to protect myself.
 
Sorry to hit you with so many questions.
 
Thanks very much!
#2131 of 3038
2002 CPO vs 2003 525i by rbknox
Oct 31, 2005 (4:30 am)
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I am considering two very similar vehicles and would like some opinions. Both are 525i w/ sport & premium packages, black with brown interior and one owner cars. The 2002 has 18,000 miles and the 2003 has 24,000 miles. The 02 is from a BMW dealer, the 03 from a luxury car reseller. The dealer is prepping the 02 for a CPO and is asking $31k. The reseller is asking $32k and says the CPO is more of an opportunity for a dealer mark-up than a good value given the quality of the vehicle. Any thoughts?
#2132 of 3038
Re: 2002 CPO vs 2003 525i [rbknox] by cpanag
Oct 31, 2005 (10:25 am)
Reply

Replying to: rbknox (Oct 31, 2005 4:30 am)

rbknox - I am in a similar scenario. Looking at 03 540i Black/ Black lthr. Sport, Cold Weather, Premium Sound. Nice to haves are Navi and/or Electric Shades.
 
Dealer CPO retail for average mileage (15k per year) is around 41 - 44k.
 
Luxury reseller will list the same car for around 36 - 37k.
 
So, to folks that a lot more experience buying bimmers - would you take the risk on the luxury reseller to save at least 5k?
#2133 of 3038
Re: 530i - Excess Mileage Charge [milken] by ponytrekker
Nov 01, 2005 (3:05 pm)
Reply

Replying to: milken (Oct 18, 2005 4:55 pm)

If you have 4 or more payments remaining you can buy additional miles at 16 cents a mile plus tax.
#2134 of 3038
Re: 2002 CPO vs 2003 525i [cpanag] by cmybimmergo
Nov 01, 2005 (7:02 pm)
Reply

Replying to: cpanag (Oct 31, 2005 10:25 am)

There is always wiggle room in franchise dealer prices. I bought my 02 530i sport 5 spd from a non-franchise dealer who sells only used BMWs. His prices are lower than the franchise dealers, but they are firm. I would venture to guess that by the time you are out the door, the franchise dealer's price looks like what I paid.
 
If you are going to buy from the reseller, make sure you trust him. (The one who sold me my car has an excellent reputation, and is recognized by BMW for his outstanding record. He also gives a money back guarantee, so you have nothing to lose if you buy from him.) Before you buy, have the car inspected or get a guarantee that it will pass. And spring for an extended warranty--but make sure the company is solvent.
#2135 of 3038
Re: 2002 CPO vs 2003 525i [cmybimmergo] by cpanag
Nov 02, 2005 (11:49 am)
Reply

Replying to: cmybimmergo (Nov 01, 2005 7:02 pm)

Appreciate the feedback cmybimmergo, thanks. I have narrowed my search to an 03 540 Sprt, CW, Premium, Blk/Blk leather. For 30-45k mileage on that specific type I've seen 33k - 41k at a reseller, as high as 45-46k at a franchise dealer. Good to know your thoughts on the franchise mark-up - certainly in line with my thoughts as well even with CPO. I am going back out today to see one and if it feels right I wil start negotiation at reseller price levels so to speak. Thanks again
#2136 of 3038
530i by needaride1
Nov 02, 2005 (12:05 pm)
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what's a good offer for a 2004 530i w/10,000 miles the dealers asking for 45k. which I believe is way overpriced..
#2137 of 3038
Re: 530i [needaride1] by bdr127
Nov 02, 2005 (3:44 pm)
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Replying to: needaride1 (Nov 02, 2005 12:05 pm)

What does the car have for options? With a few good options and Certified, $45k might be a decent price....
#2138 of 3038
Re: 530i [needaride1] by cmybimmergo
Nov 02, 2005 (8:35 pm)
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Replying to: needaride1 (Nov 02, 2005 12:05 pm)

For reference, "my" (non-franchise) dealer has several for ~$42k, with mileage varying from 17k up to 30k. That doesn't include a warranty, although he certifies his cars with a 250 point inspection. I don't believe $45k is quite as far fetched as you think it is.
#2139 of 3038
Re: 530i [bdr127] by needaride1
Nov 02, 2005 (10:08 pm)
Reply

Replying to: bdr127 (Nov 02, 2005 3:44 pm)

not sure on options but..... I came across a 2004 530i with 4000 miles... certified for 41900 this thing is clean...... that's why I was thinking he 45k was high...

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