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BMW 5 Series, Sedan, Wagon
#2329 of 4113 I pulled the trigger on a 2003 530i
May 20, 2006 (11:31 pm)
After months of searching, I finally pulled the trigger on a 2003 530i. Bluewater metalic with grey leather. Auto, Premium and sports pkg, xenon. 29K miles, CPO until 3/21/2009. I paid $28,500 + TTL. All financed with 2.9% for 60 months.
The car was marked for $35,888, but when I open the newspaper to glance through the ads, it was lowed to $28,888. Since that was my dream color, I took a day off and went to the dealership immediately. The negotiation part was pretty hard since the sale price is already way below the on going market in SF bay area for the latest year of E39 530i. I merely knock down $388, but since the color was perfect, equipments are pretty good, and there is the low finance, I couldn't let this one slip. It's very hard to get all these things work to my advantage on a used car.
Based on what I have read on this forum and the couple times I went to the Dealership to negotiate, I believe it was a great deal I got.
On a side notes, I have negotiate another similar deal a month ago. It was a 2003 530i, auto, premium pkg, lumbar support, navigation and CD changer. 33K miles. And I was able to get it down to $28,000. That car has been on the dealer's lot for almost 3 months, and the price just dropped from $37,999 to $28,999. Similarly, once a low mile CPO 03 530i get down below $30K, it was very hard to get the price lower. I actually walked out of the dealer and they called me back to offer the deal above. I did not take it because it was a white/tan color combo and I just can't live with it.
As I have mentioned, I live in SF bay area, where E39 530 are in high demand. I have closely monitored the market for several months, and those cars go fast and asking price are all ridiculously high (at least $10K mark up of dealer's cost if not more). However, with patience and persistence, it is still possible to grab some good deals, however, some luck is needed if you are picky on color and also want the low rate finance. I feel pretty lucky and am still very excited.
BTW, I also purchased the ext. maintenance plan (extra $1,395, maybe I can cut down few hundred?) because it's worth of it. I have owned a 2001 330i for a couple of years and am quite familiar with the high maintenance cost of BMW.
#2330 of 4113 Re: I pulled the trigger on a 2003 530i [330blast]
May 21, 2006 (5:44 pm)
That's a great price...even if it *is* a slushbox (I'm partial to the 5 spd myself).
May 22, 2006 (7:09 pm)
Congrats on your "new" car. It is nice to have a gauge on how much the dealer's actual asking price on a CPO car vs. what they'll actually take for it.
May 23, 2006 (12:38 pm)
Here's the deal I got:
6 speed manual transmission
Sterling Silver Gray, Gray Leather
Cold Weather Package
Sirius Satellite Radio
Logic7 Sound System
$46840 + TTL
#2333 of 4113 Re: A good deal? [dallencat]
May 23, 2006 (6:28 pm)
Going for a stick and NOT the Sports Package? Hmm. To each his own i guess.
#2334 of 4113 Re: A good deal? [nyccarguy]
May 24, 2006 (2:58 am)
I wasn't sure if the difference was worth the cost. You believe so? I felt like I was paying more for the seats than the performance.
#2336 of 4113 Re: A good deal? [dallencat]
May 24, 2006 (7:18 pm)
If you felt that way, then you made a good choice.
The Sports Package is so much more than just Sport Seats. You get bigger wheels with Performance tires, lowered suspension, slightly stiffer shocks, spring rates... Do they still make you get active steering with the Sports Package? It makes a good handling car (the 5er) that much better.
The only reason I said something was because you got a stick and the SP might help you get the most out of yuor car.
Enjoy it though!
#2337 of 4113 Re: A good deal? [nyccarguy]
May 25, 2006 (2:54 am)
I wanted the halfway point between the best drive and the best ride. I love a stick, so not getting the SP was the trade-off. I'm not sure about the active steering. The other reason is that the Performance tires are not good in the snow belt of Cleveland! I'd have to go with snow tires in the winter.
It's being built in the next two weeks, arrival in mid-June or so. Can't wait to get it!
#2338 of 4113 Go for it or Not.
May 25, 2006 (11:07 pm)
Good evening all.
I'm new to the site and have learned a lot from all the posts. Im in the L.A. area and recently got offered a lease deal for:
MSRP- $51,885 and the dealer is giving me the car at $1200 over invoice which is $49545 including MACO.
-36 month lease and 15,000 miles year.
-Payment $671.00, including tax w/ $4000 drive off. Go for it or Not? Thanks.