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BMW 5-Series Prices Paid and Buying Experience

3506 messages,  Last post on Dec 08, 2009 at 6:36 PM

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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#2198 of 3506
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 3506
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 3506
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 3506
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.
#2202 of 3506
Re: price for 2002 525 wagon [djm5] by cmybimmergo
Dec 23, 2005 (8:38 pm)
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Replying to: djm5 (Dec 22, 2005 9:09 pm)

I'm not an expert on wagons (not that I'm an expert on anything else, either ) but edmunds has a tmv of $27,438 for a certified 02 525it with 42k miles, auto, leather, heated seats, moonroof, garage opener, and wood trim, in clean condition. For outstanding condition, add another grand.
 
What do you want to pay? Make them an offer; they'll tell you if it's too low.
#2203 of 3506
Re: need advise on a lease deal [loveda5series] by btran
Dec 29, 2005 (9:26 pm)
Reply

Replying to: loveda5series (Dec 23, 2005 8:13 pm)

I was offered a 2006 530xi AWD with premium pk, sport pk, 18" wheels, cold weather pk, steptronic at, for $53,559. I'm making a one time payment and not finance.
 
I replied with $52,000. Is this good or not? Invoice is only $50,250.
#2204 of 3506
Re: need advise on a lease deal [btran] by tayl0rd
Dec 30, 2005 (5:50 am)
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Replying to: btran (Dec 29, 2005 9:26 pm)

If you're paying all cash upfront, I wouldn't offer more than $1K over invoice. Matter of fact, I'd offer only $500 over invoice, knowing that they are going to ream you on doc fees, etc.
#2205 of 3506
Re: need advise on a lease deal [tayl0rd] by bdr127
Dec 30, 2005 (6:39 am)
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Replying to: tayl0rd (Dec 30, 2005 5:50 am)

If you're paying all cash upfront, I wouldn't offer more than $1K over invoice.
 
I know this topic has been beaten to death on these boards, but what does paying cash have anything to do to it?
#2206 of 3506
Re: need advise on a lease deal [bdr127] by tayl0rd
Dec 30, 2005 (8:00 am)
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Replying to: bdr127 (Dec 30, 2005 6:39 am)

Cash in hand is a "no risk" sale. The dealer doesn't have to bother with getting you financing, there's less add-ons/markups/hidden fees, less paperwork to shuffle, and less time spent with that customer. Time is money. The less time a salesperson spends with you, the less likely you are to be fleeced for extra cash.
 
When you go in with cash, you have all the power. The dealer wants to emancipate your cash from you and will do whatever it takes to make that happen. When financing is involved, there's the risk of you not even being approved and the dealer has to share profits with the bank. A cash sale means the dealer takes it all, which means less markup needed for them to turn a fat profit.
 
Hope that makes sense because it seems like I was rambling.
#2207 of 3506
Re: need advise on a lease deal [tayl0rd] by bdr127
Dec 30, 2005 (8:18 am)
Reply

Replying to: tayl0rd (Dec 30, 2005 8:00 am)

From the dealer's point of view, a cash deal is less profit. There is no incentive for a dealer to do a cash deal... They'd rather spend a couple minutes submitting a credit application and have the customer finance to make a couple hundred bucks.
 
The whole "cash" thing is such a big myth in the car buying world....

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