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You are in the Prices Paid - Buying & Leasing Experiences
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BMW 5 Series, Sedan, Wagon
#3291 of 4028 Is this a Good Deal?
May 24, 2009 (5:36 pm)
I need some advice. I found on the BMWUSA website, an ideal car. it's a 2007 CPO 530i, Alpine/Black, with Premium, Cold, SPORTS, prem. sound, and NAV. Car has 24K miles on it, it's off lease, one owner, clean Carfax, and dealer wants $36,999 for it. I called and got so excited, it's exactly the car I'm looking for, I walked away from one in January because of the stock market, but I'm reluctant to pass on this one. I called the dealer, and right away put a $500 deposit on it to hold it. The salesman, very nice guy, said they "owned the car at $36,000" and maybe there's few hundred in there, and then asked me what I thought I wanted for mine. I have a 328i, 1996 with 109K miles on it, with some issues (moon roof doesn't work, some other minor stuff that I had priced at the BMW dealer I dont' want to bother fixing yet). He's willing to drive the car to me (dealer is 60 miles from my house), then he called me back and said that he would take mine back with him, and the dealership gave him authorization to appraise mine on the spot.
I'm thinking that the price is a little high for that vehicle, and I don't want to move so fast. Should I drive out there, take the day off, and see what happens. I mean I haven't even driven the car, let alone seen it, except for pictures on the dealer website. The car is evverything I"m looking for but I"m more comfortable at $34,000 not the $36,999. Plus they're going to add dealer fees ($500, right). I"ve seen other similar vehicles with the XI that supposedly is supposed to be a higher priced model, in the same price range if not a little less. I just think that's high for that vehicle, given it has NAV.
What do you guys think? I'm going to call him on Tuesday morning and say, not so fast. Let's talk about price, or walk away. Anybody have any feelings about it.
#3292 of 4028 Re: Is this a Good Deal? [gardis]
May 24, 2009 (7:24 pm)
If the asking price is $36,999 and he told you they own the car for $36K, then he is LYING to you. My guess is they paid around $31K for the car, + add $1500 to add the CPO warranty + I believe the dealer has to fix any issues with the car at his cost (tires, brakes, worn seats...ETC). I think $34K is more than a fair offer($33K is better) for that car. But if you really love it, don't let $2K stand in your way, especially since you seem to hold on to your cars for a long time.
#3293 of 4028 Re: 528xi [pipiolo]
May 24, 2009 (9:02 pm)
I thought about the 2009 vs 2010 issue and I went with buying the 2009. The Value Package does save you a ton of money but the 2010 did not provide the 2 free car payments, I brought my payment right down to 749.00.
#3294 of 4028 Good Deal Gardis
May 25, 2009 (5:04 pm)
Hey Gardis, I am thinking that you have found your vehicle. I know what you're looking for and this, for sure, sounds like it. I agree with NYC that the deal most likely isn't what it seems but there has got to be room to move here. I would play hard ball (OK, maybe soft ball) with pricing. You know my belief that cream puff CPOs tend to sell quickly for top dollar; both of us have had cars ripped from under us in the past few months. That said, I do think that you should see and drive the car before any final deals, especially since you keep your cars for a while.
But it looks like you have a good nibble.
Let us know how it works out.
#3295 of 4028 Re: Is this a Good Deal? [gardis]
May 26, 2009 (1:21 pm)
IMO, price is too high. In Feb I got a 2007 550i LOADED, 38k miles CPO for $35k. they were asking $39.5k Car is mint. $70k retail new.
I would like $33k max for that 530i given the lower miles.
#3296 of 4028 The 530i again....
May 26, 2009 (3:07 pm)
Listen to this. The salesman wanted to deliver the car to me in CT, and take mine away. He was going to give me a price on the spot for the trade in. Just like that. I said no dice. And no negotiating on the 530i.
Anyway..I have been working with a nice gal at one of my local BMW dealers for awhile on finding me a car. She had an identical Alpine Wht 2007 530i last December that I passed, because I was too new to it, price was starting $34,679, and then came down to $30350 three months later. Had 31K miles on it.
I mentioned to her about this car in the far dealership that I was interested in, and she told me "I can get the car for you." meaning, bring the car to her local dealership and sell it to me!! She seems very willing to negotiate, and always says "it's negotiable." Unlike the former dealer.
Have you ever heard of a dealer bringing in a car from another dealer because one of their customers wants it?? I guess it's like the real estate agents, who co-share the listings? I never heard of that. Anyway, I'm going to let her get the car after I tell her what I want to pay, which is: $34,000 OUT THE DOOR (OTD), including the trade in.
what do you think of that price? Or should I wait for her to tell me what she's willing to do?
#3297 of 4028 Re: Is this a Good Deal? [smithsonga]
May 26, 2009 (4:52 pm)
hiya smithsonga, that's exactly where I am on that vehicle. I'm thinking $33.5 to $34 is about right, given the NAV, sports, and low miles. I didn' t fall for the salesman's baloney. I'm hoping my lady friend salesgirl at the other dealership can do something for me............I'll keep you posted.....thanks for responding.
May 27, 2009 (1:11 pm)
Looking to buy a 528 premium package with Nav. and i had a few questions.
Are the 2010 models out and is the value package an added benefit?
What is a good price. I was thinking $45,000. Priced out to 48,000 on the BMW website
I want to lease. What do I need to be looking for? Mf, etc.
Finally, do you think this car is superior to the E class, A-6 etc.
May 27, 2009 (4:02 pm)
Pipiolo, I think you should rethink the 528 model altogether. I think it is very underpowered at 215HP for the size of the 5 Series. I have 255HP in my 530 and it is adequate but not excessive by any means. Highway acceleration and passing and start up in general are inadequate IMHO with the 528 and long term you might be annoyed by this. Gas mileage is not that different with more HP to make a difference.
#3300 of 4028 535i 2009 or 2010
May 28, 2009 (1:19 pm)
Looking to buy 535i soon.
Switching from LEXUS, I know sport package would be overdone for me.
What are the packages/options must have? Color? 2009 vs 2010?
Quoted from BMWUSA
Base MSRP $51,100
Titanium Silver Metallic $0
Black Dakota Leather $0
Dark Poplar Wood $0
Value Package $0
STEPTRONIC automatic transmission $0
Premium hi-fi system $1,200
Park Distance Control $750
Rear side-impact airbags $385
Destination & Handling: $825
Total MSRP as Built $54,260