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BMW 5 Series, Sedan, Wagon
#3342 of 4028 Re: PRICE FOR EXTENDED MAINTAINENCE SERVICE [speedy19]
Jun 24, 2009 (2:36 pm)
I went with the 530i because it has the slightly larger engine, yet is not a gas guzzler by any stretch (like the 535i with twin turbos). Also, I love the sporty look of the 530 with Sports pkg, which is what I have. I don't like the chrome around the windows, I have the "shadow line" trim which is solid black around the windows.
My out the door was just over $38K with everything. That included 6% sales tax on the vehicle, plus $275 dealer fees, $120 registration, and also remember that included the $1,675 extended maintenance, less the $2000 trade in value. Dealer fees I was surprised only $275, I have seen them up to $499 at some dealerships, I guess that is dependent on the dealership. Considering I bought mine in Greenwich, CT, I was surprised. You won't face extraordinary costs. Be careful with the financing contract: they are trained to upsell you on the contract by adding in "insurance, security, " crap that you don't need, which just increases the monthly payment amount. I turned it all DOWN FLAT. The guy looked disappointed, because they get a commissh. You don't need any of it. I got 3.9% financing, which I thought was very good, but I only financed about one third of the car. You can pay it off anytime, no penalty.
Also, I got a call today from BMW finance, just to confirm details. They tried to sell me a BMW credit card!! I said NO, thanks, and he was very polite, and finished the conversation. YOu have to know how to handle these people, they are trained to do their jobs, no sense in getting angry with them, they are just trying to make a living separating us from our money. LOL.
I love the car. Glad I did it while I had the dough. Who knows with this government if they're going to tax the air we breath any day now, we'll have nothing left!!
Take care, let me know how you make out.
Gardis - CT
#3343 of 4028 Re: PRICE FOR EXTENDED MAINTAINENCE SERVICE [gardis]
Jun 25, 2009 (11:16 am)
OK thank you so much Gardis.
I went to the dealer yesterday and I think he was bullshi**ing me
he said that the 2007 CPO has a 3.9%
and the 2008 CPO Does not have ANY incentive from BMW FS. He said it would be at market rate 7% or higher.
So because of that I leaned toward the 2007's only.
here is what I found on the lot.
I drove this car, and I have never had a BMW Automatic before (only a stick), but it seemed to like to shift alot! What the heck, throttle was very sensitive, shifting betwen 2nd and 3rd back and forth depending on if i needed more gas or brake.
out of 1st gear was NOT a smooth shift, if I put a decent amount of gas into the car.
is this normal??
I wonder if this car had the ODO rolled back. My buddy used to lease mercedes and roll the ODO back on leases.
This was a lease return:
$30991. 525i. 2007. 31k miles. Dark Grey, grey interior. Premium. Xenon. Bumper to bumber Ends. 12 27 2010 (add 2 years because this car was CPO).
I dont hink the car is worth mor ethen 28k, what do you guys say??
$27991 2007 green tag- meaning THEY CANNOT SUPPOSEDLY TOUCH THE CAR PRICE AT ALL AND WONT NEGOTIATIOTE (whatever!). 525i. Black. Tan. Nav. 42k miles. warranty prob ending in 8k (which will come first!)
What do you think it is worth?
$32991 525i 2007. bumper to bumper Ends 9 13 2010. (2 years warranty w/ cpo = ends 9/12) 525i. 27656 miles
Nav. Xenon. Premium. Silver outside. Blk inside.
What do you think it is worth?
#3344 of 4028 Re: PRICE FOR EXTENDED MAINTAINENCE SERVICE [gardis]
Jun 25, 2009 (11:20 am)
OH AND one OTHER VERY IMPORTANT THING, i need your help on this.
I went stragiht to the fleet manager at the dealership.
I told him, just nonchalantly, so youre going to sell me the extended maintainence for $1000, right?
HE CLAIMED THAT THE PRICE OF THE EXTENDED MAINT PLAN GOES UP BY $800 EVERY YEAR. BULL! That really pissed me off, taking me for a fool!
I saw on these pages that you guys have bought these ext maint services for $1200 or so.
He quoted $2500! I need to go in there with ammunition. please give me some realistic info!
Jun 25, 2009 (4:48 pm)
Hey Speedy, the absolute key to buying a used vehicle is the ability to walk away. As i heard not too long ago on one of these forums, "a good car, like a bad woman, is around every corner."
The problem is that it is VERY easy to fall in love with used BMWs and, if you are particular in what you want, there can be little to choose from at any one time. Every dealer either outright lies, or exaggerates - if you feel that you are being scammed, just walk away. They will either call back or another car will come along. The absolute best deal I ever got on a used car was on a GMC Yukon. The dealer gave me a price, I said no. I told him that I knew he had taken delivery on the car 5 months before and it was going nowhere. He was startled but I DID walk out. End of the month, guess who called me with a reduced price for the Yukon and an increased value for my trade!! Be patient. Dealers, particular BMW I think, count on you being taken in by the "ultimate driving machine" and paying too much. I know I did, not a lot but a little, because I wanted a particular color combo. Regarding the extended warranty for $2,500 and annual increase, do you know anything that is going up in price by $800 a year in THIS economy????????
Also, don't know your high end price range or driving habits, but I think the 525 is underpowered for a car of almost 4,000 lbs.
#3346 of 4028 extended warranty
Jun 25, 2009 (8:11 pm)
I paid $1,675 for my extended warranty which brings the SERVICE warranty up to the end of the bumper to bumper, which is June 2012. So the $2500 price seems out of whack. This price was quoted to me by the BMW dealer itself.
I had a very specific set of expectations for my car, thus it took me a long time to nail it down. Finally I saw what I wanted and went for it. I may have left some money on the table, but I got a pristine vehicle. To each his own, as they say.
Keep in touch, by the way, what state do you live in?
#3347 of 4028 Re: extended warranty [gardis]
Jun 25, 2009 (9:33 pm)
Gardis I am in CA.
Thank you for the response.
I found a 2007 525i with nav.
23k miles on it, yes it is CPO
How much wiggle room do you think I got?
I am thinking i will offer $25k and go up to 27k and take it.
Im going to pay around 1300-1500 for the extended SERVICE
+ I guess a few thousand for the TTL fees.
What is the interest rate on these? 3.9%
Should i wait for July 4.
I am under pressure to purchase before Jul 6.
#3348 of 4028 Re: PRICE FOR EXTENDED MAINTAINENCE SERVICE [speedy19]
Jun 26, 2009 (5:10 pm)
Was quoted about $2200 if purchased prior to 4/50k exp, and about $2400 if purchased between 50k - 60k. Southern California area. Dealer indicated new brakes cost almost $800 for fronts, and $1500 if front & rear. And the street price for dealer oil change up to $200., the service contract almost makes sense for routine maint. items. Throw in a few unexpected things, and you could be a few bucks ahead.
#3349 of 4028 Extended Service
Jun 26, 2009 (5:26 pm)
Extended maintenance may be a good idea or may not, not sure. Examples here seem to say yes, but if you think that the going wisdom tells you to never buy extended warranties on any product, then I say it's 50/50.
Some of these BMW repairs can be stunning I have to say.
As far as $200 for an oil change, I just had my oil/filter changed at Valvoline on my 530 for $77. I decided to change oil between 5,000 and 7,500, and not the ridiculous 15,000 BMW lets it go.
Heading out to dinner now with the $123 difference.
Have a good weekend.
#3350 of 4028 Re: extended warranty [speedy19]
Jun 27, 2009 (5:33 am)
That sounds like a pretty good deal, it has low miles and NAV. I would go for that one. Make them an offer, and see what happens. You can always go up. But be ready to walk away from the desk.
I know I paid a little more for mine, but as Kevin correctly stated it above. I was looking for a very specific thing in exterior color and also Sports pkg, low miles, so that limited my selections. I finally found something and I jumped on it, but not without negotiating as best I could.
I had a 1996 328i for 10 years, it was off warranty for most of that time, and I never had any "stunning" repair bills, but I did spend money on it, however. I have the extended service warranty on my 530i, cost of $1675 which I thought was worth it, brings me to June 2012. I'm worry free for the next three years. Any mechanical object has to be maintained. I love the BMW, love the way it drives, love the way it makes me feel. For me it's worth spending the $$$. Then again, I don't have kids to put through college, so what am I living for, if not to have some enjoyment. I just can't say the Lexus RX, which I also looked at (but didn't drive) does the same for me. Didnt' give me that "spark".......
Also, just in comparison, my neighbor has a beautiful new Lexus es350, huge looking vehicle, their service center is open during the night for you........now why would they have to be opened during the night if their cars didn't need servicing??
Ask yourself, so ALL these luxury cars are designed to hit the service stalls now and then, it's part of the game of owning one.
Speedy, don't let that deal escape you. The 3.9% rate is correct. The dealer gave you the straight stuff on that one. That's exactly what I'm paying.
#3351 of 4028 Re: extended warranty [gardis]
Jun 28, 2009 (6:14 pm)
OK So I didnt pick up the car I mentioned above.
I really want a NAV and have decided to wait for the color I want. Titanium Grey or White with a Black or Grey interior.
The problem is that all the cars with NAV seem to have other options attached to them as well (the most common of course being the premium package)...
Guys- any help here- what will BMW FS have for the month of July on CPO 2007 cars? anything better???
I AM IN A CRUNCH and need to purchase before July 5!
I have options, but not with the EXACT things i am looking for (color, etc.)