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BMW 5 Series, Sedan, Wagon
#3221 of 4112 5-series purchase prices
Mar 16, 2009 (5:21 am)
I am considering a BMW 5-series purchase. I am torn between new a CPO.
My local dealer has a 2007 CPO with 30k miles. It is a 530i with Premium, Sport, Nav, and Cold Weather. The color is black with terra interior, multi-contour seats. The condition is great, but not perfect. There is a light scratch in the passenger side dash, about 3" long that I am not thrilled about. They want $38,700 for the car, and don't seem willing to work with the price at all. In this economy, that seems ridiculous to me. What do you guys think is a fair price?
Also, generally, what % off of sticker price should I expect to be able to negotiate on a loaded 528i or 535i, with the 0.9% apr special. This dealer says they can go up to 5% off of sticker. Is this reasonable? I know someone who just got a brand new loaded Jaguar XJ8 for $20,000 below sticker. Is this dealer jerking me around, or does BMW just not discount their cars anymore?
Please help me make some sense out of this. Thanks!
#3222 of 4112 Re: 5-series purchase prices [schwarzsteven]
Mar 16, 2009 (9:46 am)
that is not a fair price. I just got a 2007 550i CPO loaded for $35k. 35k miles, but that isnt out of the range.
Search the internet and ebay for CPO cars. there are a TON of 530is out there. You can find a perfect one for low 30s I am sure.
#3223 of 4112 Re: 2009 528i final deal [woodard1973]
Mar 16, 2009 (1:36 pm)
Looks like you got the price down close to 10% off msrp, could be different by states.
based on your adjusted cap of 45.6K and info you've provided bout your lease, your monthly should be $577.94 (including tax).
Was there add'l cost added to your lease? Looks like $3,900 was added, are you sure you got the $2500 cash back? Something is very wrong with your $700 monthly. I'd re-check your lease contract, but unfortunately if you already signed and took the car home it's too late.
#3224 of 4112 Re: 2009 528i final deal [phil_in_socal]
Mar 16, 2009 (3:25 pm)
Taxes in Maryland are based on cap cost, not leased cost. 6% on $48100 where as other states would pay tax on 42% of the that value (100% - 58% residual)
Plug a maryland zip code into the edmunds lease calculator (20707) and you'll get the $699 number.
#3225 of 4112 Re: 5-series purchase prices [schwarzsteven]
Mar 16, 2009 (5:15 pm)
I'm looking for an identical car. I have one in NY (LI) that the salesman just told me about, 2007 530i, NAV, Sports, Premium, Cold, Premium Sound, 30K miles, for me he's offering $35,250. Sounds like you're over paying for that one. I have another one, black with auburn interior that's for sale, 24K miles, 2007, 530i, sports, prem, cold they're asking $35K and change.
I know a dealer in NJ that let one go just like the above with only 20K miles on it for low $30's. I'm still kicking myself.
Good luck, let me know how you make out, CT here.
#3226 of 4112 Re: 5-series purchase prices [smithsonga]
Mar 16, 2009 (5:27 pm)
Can you give us a link into that ebay CPO?
I'm looking a 2007 530i, with sports.
#3227 of 4112 How about this Price?
Mar 19, 2009 (1:15 pm)
I need some guidance. I just saw a beautiful car, CPO at the dealer. Actually the car is listed on the website, but was not on the lot. So I spoke to the internet sales manager, and the car was still in the process of being certified, so he brought me to show the car to me. Here's details:
SPORT, premium, cold, bluetooth
Black Sapphire with Auburn
Warranty: 4 year to FEB 2011, extended warranty to FEB 2013
ASKING PRICE $35,659
He is going to let me know when it's fully conditioned and let me drive it. I'm not sure about the all wheel drive. Is that good or not good? It has the usual 5 series rims, which I was disappointed because usually Sport pkg comes with sport rims. He explained why (something to do with all wheel drive, 18" wheels, etc). But the warranty is good, and the mileage is low. I just feel that price is a little on the high side.
Any comments? I can't wait to drive it. It had one owner, the dealer leased it to him for 2 years. No incidents with the car at all.
Mar 19, 2009 (1:17 pm)
I'm in CT
Gardis - CT
#3229 of 4112 Re: How about this Price? [gardis]
Mar 19, 2009 (2:23 pm)
Nice car. Price is high.
For example, I bought a 2007 550i loaded in late Jan. Same situation with 1 owner, 2 year lease. My car is loaded but with 35k miles. Asking $40k bought for $35k. $70k car new.
Ask $30k. Imo
Mar 19, 2009 (3:30 pm)
Thanks, good advice. Actually they had a 550i on the lot also, but too high powered for me. My problem is that since the car has just been received by the dealer, maybe they're not too anxious to make a deal with me. They might figure, let it sit there and see what happens? OTOH, I'm taking the car off their hands, decreases amount of carrying costs. I'm going to shoot for $33K see what happens. After all, the car has low mileage and the AWD makes it higher in price, that's just reality. I gotta tell you, that Auburn interior with the black is spectacular. I was hesitant about it, but when I saw the vehicle, very impressive combination. Don't see it too often.