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BMW 5-Series Prices Paid and Buying Experience

3499 messages,  Last post on Dec 04, 2009 at 9:29 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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#2192 of 3499
Re: Is this a fair price for CPO 525i [locer] by bmwdoug
Dec 19, 2005 (8:19 pm)
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Replying to: locer (Dec 19, 2005 7:19 pm)

What year is the 525i?
#2193 of 3499
Re: Is this a fair price for CPO 525i [bmwdoug] by locer
Dec 20, 2005 (12:17 pm)
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Replying to: bmwdoug (Dec 19, 2005 8:19 pm)

I was referring to a 2004 525i.
 
I also have another offer for a demo 2005 525i with 14000 miles for $38500, but this car does not have CPO. However, it has the 5-spoke wheels and xenon, which the 2004 did not have. As a result, is it worth paying a little more for a 2005 even though it doesn't have CPO?
#2194 of 3499
Re: Is this a fair price for CPO 525i [locer] by bmwdoug
Dec 20, 2005 (10:47 pm)
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Replying to: locer (Dec 20, 2005 12:17 pm)

Check Edmunds used prices to see where it falls. Also, check http://www.kbb.com for their perspective on used prices. I think it sounds like a pretty fair deal for a 2004 525 with CPO. CPO I believe cost about $1400, I could be wrong, someone else may know the correct amount. I think I would go for the 2005, the Xeon are worth an extra $700. Find out how much it is to have the Dealer CPO a car. Then offer $38,000 for the 2005 Demo, and add the cost of of the CPO to your offer of $38,000...
#2195 of 3499
Re: Is this Dealer Shady? [bmwdoug] by vsaxena
Dec 21, 2005 (9:14 am)
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Replying to: bmwdoug (Dec 11, 2005 11:04 am)

bmwdoug:
At least in California all deposits are refundable. PERIOD.
 
The dealer wants to be sure that you are dead serious about the car and wants you to put a nominal (2-3%) down on your CC so that he knows that you are not taking him for a ride. Once he gets your deposit, he will start searching and calling the dealers he knows he can work with. Imagine if you were in his place, you did all the leg-work and then the buyer backs out at the last minute. He does not want that to happen so wants some commitment.
 
 You might wonder why he does not guarantee you a car? He can not because even if the car is available at a nearby dealer, he can not be sure that he can get it. This is because the car might be sold before he can get it. Even worse, if for some reason you had already called the other dealer to negotiate for the car, the other dealer will not trade the car. So he is right in saying that there is no guarantee.
 
If I was in your place, I would put the $1K on a CC whose billing cycle just closed. Then I would have at least a few weeks before I am actually supposed to pay the cc company; enough time for the dealer to work with.
#2196 of 3499
Re: Is this Dealer Shady? [vsaxena] by kyfdx HOST
Dec 21, 2005 (5:37 pm)
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Replying to: vsaxena (Dec 21, 2005 9:14 am)

If I was in your place, I would put the $1K on a CC whose billing cycle just closed. Then I would have at least a few weeks before I am actually supposed to pay the cc company; enough time for the dealer to work with.
 
Good advice there...
#2197 of 3499
Selling my 525i. Is it still considered CPO??? by backbonz
Dec 22, 2005 (8:56 am)
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I love my car, but i am now wanting an M3. Im about to sell my '03 525i (28k miles) and am confused about the CPO status. Would the CPO status transfer to anyone i sold the car to?
#2198 of 3499
Re: Is this Dealer Shady? [bmwdoug] by hpia4v2
Dec 22, 2005 (10:17 am)
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Replying to: bmwdoug (Dec 11, 2005 11:04 am)

Doug,
first of all, I am not a car saleman and rarely side with them. But I think if you are dealing with a genuine BMW dealer this is OK. I put $1000 deposit back in 2000 for an X5 and after 6weeks had to cancel due to wide spread problems on aux fan overheating. The dealer gave my money back. I had to go to a different dealer when buying my 2002 X5 though
 
If I were you just put it on Amex credit card and give the dealer 2 weeks to work on the trade. Then if they try to pull a fast one on you, just call Amex to dispute the charge. Amex takes care the dispute, you don't even have to contact the dealer Amex will.
 
Off course only if the price on the car is too good to pass up.
 
I really think the salesman just want to lock you in, to make sure you are not just wondering if you can get the car for that price.
#2199 of 3499
Re: Is this Dealer Shady? [hpia4v2] by bmwdoug
Dec 22, 2005 (7:48 pm)
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Replying to: hpia4v2 (Dec 22, 2005 10:17 am)

I appreciate the comments from all. Thank you very much. In my opinion, it a very shady practice for a Dealer to ask for a Deposit on a Car he cannot guarantee exists. I have NEVER heard of any business asking for a deposit on any product, if the product is not guaranteed to exist. Furthermore, on the http://www.e60.net (a forum just for BMW 5 Series Owners and Buyers), the posters said, "NO WAY" to that scenario. In fact, a couple of posters told horror stories about the time they actually did put a deposit down in the same situation as the scenario I described, and the car could not be secured. It took them months to get the charges reversed. They did get their money back, but after a long wait. Needless to say, they said, "never again."
 
All it takes is for a Dealer to do a couple of key strokes on the computer, locate the car, then see if he/she can get the car from that Dealer. If that is too much for a Dealer to do, then that says something about the Dealer.
 
Well, the good news I found a Dealer who said, let me locate the car, then let me see if the Dealer will trade the car, then if the Dealer trades the car, I will call you for a deposit. I said, "sounds great". Unfortunately, the other Dealer would not Trade. But, this Dealer told me a Dealer should never ask for a Deposit unless he/she can guarantee delivery.
#2200 of 3499
price for 2002 525 wagon by djm5
Dec 22, 2005 (9:09 pm)
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thinking about buying a 525iat wagon RWD...
 
certified, grey/blk interior w/about 42k miles has premium package, heated seats (not that I need them in LA), new tires, CD a few minor scratches, otherwise good condition.
 
originally listed at 34k, now at $26k. supposedly it has been on the lot for a while.
 
what do you think I should pay? I have seen other 02's listed at 25 and 26k.
#2201 of 3499
need advise on a lease deal by loveda5series
Dec 23, 2005 (8:13 pm)
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Need some advice on the following deal.
 
2006 530i RWD
MSRP 52820 (premium pkg, cold weather pkg, nav) in So Cal
SALE PRICE: 50400
 
$2500 drive off
$660/month for 23 months (includes sales)
12k miles/yr
 
Judge from other post, I think it is still slightly too high. Anyone think there is room for them to come down another $1000 off sale price?
 
Thanks for any advice.

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