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You are in the Prices Paid - Buying & Leasing Experiences
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BMW 5 Series, Sedan, Wagon
Dec 30, 2009 (6:23 pm)
Hello: I am a first time BMW buyer and would appreciate help in my buying decision. I have been focussing in the 2007 CPO 5 series, primarily because of the 0.9% APR and 2 months prepayments offer, and have liked a 2007 525i with 35K miles on it, and end of warranty in Dec 2010. Its not loaded as it has only the premium package, does not have cold package but has heated front seats, price qouted is $29,700, but the salesman told me that due to month end/year end, they woudl go down by 2-4% so the price could be as low as $28.5K. I am happy with these options but woudl like to hear your opinions on the $28.5K price or shoudl i negotiate lower or what else can I get in addition to $28.5 that the dealer may not mind parting with...i.e. in a way cash neutral for him...thanks
#3514 of 4114 Re: 2007 525i price [msundaram73]
Dec 31, 2009 (8:10 pm)
i finally bought the car for $27.5K and 0.9% APR and BMW pays first 2 instalments. Does it look like a fair price?
#3515 of 4114 Re: 2007 525i price [msundaram73]
Jan 01, 2010 (7:17 am)
If you really-really like the car, it's a good deal. If you have no major issues after the warranty is over in a year -- it's a good deal. Having others on these forums evaluate your deal after you already bought the car serves little purpose except to open you up to pointless praise or criticism. Enjoy your new ride and happy new year.
#3516 of 4114 Re: 2007 525i price [msundaram73]
Jan 02, 2010 (8:01 am)
Shouldn't CPO extend the warranty to 6-year/100,000 miles from original in-service date, which I would guess Dec. 2006 thus give you warranty till Dec. 2012?
#3517 of 4114 2007 CPO 525 22000 miles
Jan 02, 2010 (1:35 pm)
This car has not hit the lot is having four new tires and the BMW safety checks. They will be putting it for sale at $31900.0. What would be a sensible offer with the current 0.9% and two months paid. The car is in the Olivin Green with beige Dakota leather and Premium Pack. Thanks for the help.
#3518 of 4114 New 5 Series
Jan 02, 2010 (1:37 pm)
I am told that BMW have stopped production of the 2010 and that cars will not be available at such god deals as with the Mercedes E Class.
Anyone heard any news on offers??
#3519 of 4114 Re: 2007 CPO 525 22000 miles [dturr]
Jan 02, 2010 (2:13 pm)
I'm not sure how much bmw will discount cpo's, especially ones just going on the lot with new tires. Most shoppers have to work hard for a deal but who knows? My guess is that the 2 payments are all they are going to offer unless there is no interest for several months.
#3520 of 4114 Re: 2007 CPO 525 22000 miles [jayrider]
Jan 03, 2010 (8:26 am)
Just purchased a CPO - 2007 530XI with 19,600 miles, very clean. Navi, Cold Weather, Satellite Radio and Premium Package. Paid just under 35k for it, with the 0.9% and 2 months free. Was listed at $36,995. Amazing buying experience, never been treated so nicely at a car dealership.
Absolutely love it at this point, almost like having a brand new car for nearly half the price! Price sound decent? I sometimes see people saying they paid the mid 20s for these cars at auction, but I feel like this was a pretty fair price. Was also looking at a 2010 Acura TL...but with that starting at 44k (got them down to 40,100 for SH-AWD/Tech/HPT), it seemed like a no brainer to go with the 530xi with 30k left on maintenance, 100k CPO warranty, and overall a much nicer driving experience.
#3521 of 4114 2007 525
Jan 03, 2010 (8:46 am)
Thanks, guess I really wanted a 530 and think the 525 should be under $30k. We have owned a 3 Series and X5 in the past and they make a fantastic car. I am also tempted to lok at one of the current lease deals on a new 528.
#3522 of 4114 Re: 2007 CPO 525 22000 miles [broncosfreaks]
Jan 03, 2010 (8:56 am)
Yes, that sounds about right. I have a 2007 530i pretty loaded with NAV, sports, prem, cold, and prem sound, comfort access, I ended up paying $36,200 with 24K on the clock. The car was and is impeccable. Has the Anthracite wood trim which is spectacular looking with blk leather. I think you did well. I have until June 2012 on the warranty.
I'm loving the vehicle, but my gas mileage has dropped a little since the cold weather, and i'm trying to get a grip on why. I'm getting 17mpg according to computer where as in the summer was getting a steady 20mpg. Highway it's great. Not a big deal, but I put premium gas in it so it would be nice to go back up to the 20mpg.
Good luck with your vehicle, and Happy New Year.