Last post on Dec 06, 2013 at 5:25 PM
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BMW 5 Series, Sedan, Wagon
#2955 of 4113 Re: Hi [bmlexus]
May 08, 2008 (2:57 pm)
I drove a 2003 BMW 530 for 2 years. Put $45K miles on it in that time. Great car and my first BMW. Decided that the high mileage was going to cause me to be out of warranty in short order and since my commute changed, decided to instead get a Lexus 330. Nice car, but like a sofa. No real fun driving. Great for long trips. Won't be passing folks or making quick maneuvers. Since my lease was nearly up, started looking at 5 series again. No comparision at all with driving dynamics, road feels, power, etc. Cabin isn't as fancy as Lexus, but I like the spartan look and I drive makes things fun. Don't believe the critics that say it is horrible. It is not the best interface, but hardly the worst. I learned how to use it in 10 minutes and it allows all the customization for radio, climite control and other things you could possibly want. I love especially the IPOD interface.....cool.
As for reliability, I had no issues on the 03 5 series and don't expect any on this car also, not until possibly 75k miles, but it's a lease, so at 36K I will be walking away to another BMW.
May 08, 2008 (5:12 pm)
I've driven Lexus GS's for 5 years and just changed over to a brand new 535i. The lexus was comfortable and powerful and the engine bulletproof. Factory service is VERY expensive, $130 oil changes alone.
The BMW, though, is much more exciting and responsive. If you consider yourself a car person and enjoy punching off the line or zipping through and around traffic, go for the BMW.
Personally, I'm more comfortable with a lease on a bimmer, and don't want to have the car out of warranty.
#2957 of 4113 Re: My First BMW-Did I do OK? [ctshorse]
May 24, 2008 (4:00 am)
You can protect yourself from such a potential loss by getting full replacement insurance policy, like Allstate Platinum. In that case, if the car is totalled, you get a brand new car and you continue with the lease as if nothing happened - albeit with a new car.
The increased premium is worth it. Note that this replacement coverage only applies for the first 2 years, but your down payment will be absorbed by then anyway.
#2958 of 4113 Re: My First BMW-Did I do OK? [rudor]
May 24, 2008 (4:13 am)
Given that example, it's even worse. The 4k is still gone. Yes you get a new car with a new lease payment but no one writes you a check for the 4k you prepaid.
With a lease, it's not a down payment, it's a prepayment.
Plus that's nothing but a profit center for insurance companies as a lease with BMWFS includes GAP insurance.
#2959 of 4113 Re: My First BMW-Did I do OK? [rudor]
May 25, 2008 (9:27 am)
please ask the bank and BMW FS what happens in case of total loss.
Work through an example like this one. You walk away with a $50K car and a 36 mos $700 payment. 6 months later you have a 100% loss. The mob puts 2 snitch in the trunk, takes it to one of their salvage yards and compacts the car into a 4x4 block and dumps it in the hudson. You are still on the hook for 30 months of payments plus the contracted value of the car at the end of the lease LESS what you put down for cap reduction. Your insurance company will make payments based on the value of the car at time of loss. This amount more than likely will be less than your lease payments due plus the end of lease car value. There would be a GAP.
The Bank Fee you pay is intended to cover the GAP between what your insurance pays and what BMW's loss is. Your loss is not insured under GAP. Buying extra insurance from your agent to cover your cap reduction loss is not wise. Instead, you should put that money into an account designated to pay the lease. Spread it out over the lease life yourself giving you the effective lower payment you desire. This way, if there is a 100% loss, you would still have money in the bank and your GAP would be covered.
May 25, 2008 (4:29 pm)
I purchased a 1994 BMW with no manual. Where is the best place to purchase one. Also, what are the "A" and "M" for in regards to the transmission.
#2961 of 4113 Re: 1994 BMW 540i [calvin540i]
by kyfdx@Edmunds HOST
May 26, 2008 (6:28 am)
Since this discussion is focused on pricing, you might have more luck in one of our other 5-series discussions..
You can find a list of them here: BMW 5-Series
Good luck! If you need direction to a specific discussion, just ask!
Host - Prices Paid Forums
May 28, 2008 (10:50 am)
I am trying to order 535 with following options in DFW(incl surrounding area). Any input on the deal is appreciated:
3.0-liter, turbocharged inline 6-cylinder engine
Base MSRP $49,400
Black Sapphire Metallic $0
Natural Brown Dakota Leather $0
Light Poplar wood trim $0
Cold Weather Package $750
Premium Package $2,100
STEPTRONIC automatic transmission $0
Navigation system $1,900
iPod and USB adapter $400
Park Distance Control $700
Rear side-impact airbags $385
Destination & Handling: $775
Total MSRP as Built $56,410
This is 2000 over the invoice incl options. Is this a good deal? Do you think I can do better.
#2963 of 4113 Re: Advice on 535i Price [murphybimmer]
May 28, 2008 (11:03 am)
The dealership just called that they will do 53000 + TTL. 600 over Invoice. Seems good to me. I get it first week of July. What do you guys think?
#2964 of 4113 Re: Advice on 535i Price [murphybimmer]
May 31, 2008 (9:02 am)
I got a quote for 535xi in NJ area for 53000 + TTL, similar equipment except this had rear fold-down seats and no PDC.
Since this was for 535xi, (MSRP 58,000), I think you still have some room to go lower. I have not pulled the trigger yet, but compared a few dealers, so think this is close to bottom.
Hope this helps