Last post on Dec 03, 2013 at 6:44 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW 5 Series, Sedan, Wagon
#3775 of 4112 Re: Unsure [bett12]
Nov 02, 2010 (7:44 am)
We bought a certified pre-owned 2008 BMW 535i last October. The car is a joy! Maintenance costs so far have included an alignment, at the cost of $175 -- which is high for that service. Otherwise, a little indicator light comes on telling us to get service, we go to the dealership, and leave without paying a dime because, frankly, we have already paid for the service in the purchase price. The plan is to trade up to a 2011 around this time next year. Without hesitation.
Allow me to suggest buying the lowest miles and only from a reputable dealer who will stand behind the car and help you advocate if there are any warranty issues. All dealerships are not created equal. Go out of town if you must. Also, after the test drives, we did almost all negotiating via e-mail. Much more pleasant.
#3776 of 4112 2011 550i - Nov residual, MF and holiday prom.. 36mon 12k/yr
Nov 04, 2010 (12:02 am)
For Nov is it still .00023 and 57% even with the holiday 1500 gift card? Car is about to arrive before month end... Appreciate the help! Thx
#3777 of 4112 Re: Unsure [bett12]
Nov 04, 2010 (11:33 am)
In July I got 2008 535i, Nav, Premium, Cold Weather, upgraded seats for 32.5K. Prices you are getting are too high. If you finance it at regular rates (or part of it) they will incl no cost maint to 100K miles.
#3778 of 4112 Re: Unsure [jazzy15]
Nov 04, 2010 (3:46 pm)
What was the asking price?
#3779 of 4112 CPO 2008 price
Nov 04, 2010 (4:47 pm)
It was like $35K or so. THe car had 41K miles.
Nov 05, 2010 (2:41 pm)
Looking to purchase. Any recent price quotes? Please detail vehicle options.
#3781 of 4112 Lease end CPO cost
Nov 08, 2010 (3:50 pm)
I am 60 days out from the lease end of my 2007 530i with 31k miles onboard. Residual value is 16,950. In considering my buy out options I am trying to figure out what is the reasonable cost of the CPO tag. I visited a dealer today and they were nebulous with details but quoted me a selling price of 21,250. The car has tires with <10k on them and don't likely need to be replaced. Essentially, this amounts to a $4,000 certification for an extra 2 years on a relatively low mile car. Does this seem to be a reasonable fee? Thanks in advance John
#3782 of 4112 Re: Lease end CPO cost [croni003]
Nov 09, 2010 (6:06 am)
For starters, your residual seems low. You did not say whether you had option packages or not, but even for a base model, both your resale and your dealer sell price are low. If your car has premium pkg and nav, I would say that your dealer would be looking to get high 20's for the car....less without these.
#3783 of 4112 Re: Lease end CPO cost [jazzy15]
Nov 09, 2010 (8:49 pm)
This was a special situation where I leased a lease return. Part of the appeal was the low residual value since at my lease inception as I was considering buying the car outright. (530i w/ sport package, heated seats, premium seating) The lease manager tells me that they would essentially have to buy the car from BMW FS for more than my residual. Not sure that I buy that but I'm getting figures of 3,000-4,000 to CPO it. Seems steep to me and considering the low mileage and reliability I have experienced I am considering just buying it outright. Any alternative view points are greatly appreciated
#3784 of 4112 Re: Lease end CPO cost [croni003]
Nov 10, 2010 (3:56 am)
I too wanted to know what the 'CPO' stamp costs. I got figures all over the place when I shopped, what I found out was they consider the CPO designation adds 3K of VALUE to the car, but they don't PAY 3K. Its been a few months but I remember their costs as being between 1-2K.
The bottom line I found out in negotiating was if I talked to multiple dealers and asked the same types of detailed questions and went back and asked the same people the same questions again a few days or a week later, they could not keep track of what they previously told me and I would be able to figure out what was fact and what was baloney.
Anyway, if the residual on your car is what you stated, and you can buy it out for the residual I would take it. You can keep it, or sell it yourself for more.