Last post on Dec 06, 2013 at 5:25 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW 5 Series, Sedan, Wagon
#3541 of 4113 2008 BMW 528i - Certified
Jan 14, 2010 (12:29 pm)
I am trying to buy my first BMW and would appreciate some guidance and tips on landing a good deal. The car is advertised for $35,489 from a dealer and its certified.
It has the following:
25,835 miles, Cold Weather Package, Premium Package, Xenons, navigation system, automatic high beams and automatic transmission. It has extended warranty until end of 2013.
What is a good price to get this at? And is the extended maintenance plan worth it?
Thanks in advance!
#3542 of 4113 Re: 2008 BMW 528i - Certified [newfort]
Jan 15, 2010 (8:36 am)
I bought a similarly equipped 2008 BMW 535i with about that mileage in Oct 2009 for $39,800, plus new tires, and other non-price concessions. I did check out 2008 528i pricing. By that time, the good ones I came across were in the $33k to $37K price range, with miles under 20K.
My two cents worth. -- It is even later along now. My "guess" is that the mileage and time factor should be worth at least a couple thousand dollars off the quoted price, especially if you are willing to walk away if they do not meet your price. If you offer $30K all they can say is no and maybe you can split the difference and wind up at $32.5K. Yes, I like to haggle.
Tip: After you test drive, negotiate online and via e-mail. That really helped me. I went back in to the dealer only after they were very close to my offered price, but got to the end of the day face-to-face. Made the process smoother. Good luck and please post how things go.
#3543 of 4113 Re: 2008 BMW 528i - Certified [newfort]
Jan 15, 2010 (8:50 am)
You are looking for the same vehicle as myself. I am in SW Florida but have not found the right color specification and price. Vehicles down here seem to be $2k more than those on the east coast of Florida !!
For a vehicle such as you describe with 30k miles I would write a check for $32k today if it was CPO and met my requirements.
Good luck and remember not to feel under pressure, it's only a car and they ususlly want to sell as much as you want to buy.
#3544 of 4113 Re: 2010 BWM 528XIA [robert010]
Jan 15, 2010 (12:30 pm)
Just bought a 528xi with Nav, Xenon in NJ
Tax/Title/ + 725 acq fee paid up front
$6700 at signing
Money factor .00195
Residual: 62% with 12K miles
#3545 of 4113 $38,500 for a loaded 535xi with 26k miles
Jan 16, 2010 (8:12 pm)
The dealer is offering a certified pre-owned 2008 535xi with 26k miles for $38500.
The car is in great shape - no visible scratches. Interior in excellent condition.
Navigation, leather, cold weather, comfort, parking assist, heads-up display, Logic 7 sound, keyless ignition.
I'm looking to purchase a car ASAP so I'd really appreciate any input before making this purchase!
(my first car purchase so I'm a little nervous - gulp!)
#3546 of 4113 Re: $38,500 for a loaded 535xi with 26k miles [happy_potatoes]
Jan 16, 2010 (9:00 pm)
Is it CPO? Excellent price for CPO. Still a good price for non-CPO. Did you have dealer run service records? And what part of the country? That's a factor in price as well. All in all, price sounds good as an absolute number. The real number is what is a good price to you.
#3547 of 4113 Re: $38,500 for a loaded 535xi with 26k miles [nsoltz]
Jan 17, 2010 (12:22 pm)
Yes, it's a CPO. I'm in the New England area.
The salesman we are working with was not at the dealership when I dropped by to check out the car so a service man allowed me to test drive the car. I'll be checking the service reports and getting a detailed car history tomorrow.
Thanks for taking the time to respond. Seems like a good deal to me!
#3548 of 4113 Re: $38,500 for a loaded 535xi with 26k miles [happy_potatoes]
Jan 17, 2010 (12:39 pm)
Grab it before some else beats you to it!
#3549 of 4113 Re: $38,500 for a loaded 535xi with 26k miles [happy_potatoes]
Jan 17, 2010 (1:07 pm)
Looked on autotrader and saw several cpo's with half the miles for 2k less. And that was asking price -- with the economy expect to get them for less. Maybe not as loaded but those exras like nav don't translate into the resale equation for more than $200. In my opinion the miles are too high at 26k to justify that price when you can find one with less than 15k. Found one in norwood for 37k and 18k miles.
#3550 of 4113 Re: $38,500 for a loaded 535xi with 26k miles [jayrider]
Jan 17, 2010 (1:29 pm)
To be honest - the 26k miles is the only thing that is a concern to me... I checked the Norwood website and I believe the car with 18k miles for $37000 is a 528xi.
I was looking at a 535xi.