Ask the Car People.SM


BMW 7-Series Prices Paid and Buying Experience

121 messages,  Last post on Feb 12, 2012 at 6:46 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? BMW 7 Series, Sedan

Messages Page 2 of 13

#7 of 121 Hunt for 2003 745Li by wabends

Jan 07, 2005 (10:15 pm)

We are in the market for a 2003 745 that we are considering. We currently have these two offers and I will appreciate any comments that members of this forum have before making our final decision.
 
Car 1: 2003 754i; Orient Blue / Gray Leather. 23k miles. Navigation. Luxury pkg. Shades. Comfort front seats & heated rear seats. Heated steering wheel. Computer. Xenon lights w/ washers. Premium sound pkg. 19” Alloys. Non-BMW dealership, no CPO. Asking price is $57,995.
 
Car 2: 2003 745i; 34K miles. black/gray interior. Luxury seating package; premium sound pkg; convenience pkg. parktronic. BMW CPO. Asking price is $56700.
 
Which of these two will be a better deal?

#8 of 121 Re: Hunt for 2003 745Li [wabends] by kyfdx HOST

Jan 08, 2005 (2:09 pm)

Replying to: wabends (Jan 07, 2005 10:15 pm)
Try posting your message here:
 
mikefm58, "Real-World Trade-In Values" #24200, 8 Jan 2005 2:54 pm
 
Terry will give you an idea of what he thinks of the prices.... He has a lot of experience with BMWs...
 
regards,
kyfdx
 
P.S.: The title of your post says 745Li.. But, in the body, you describe them as 745i.. Be sure to make it clear which they are in your post..

#9 of 121 Re: Hunt for 2003 745Li [kyfdx] by wabends

Jan 08, 2005 (4:25 pm)

Replying to: kyfdx (Jan 08, 2005 2:09 pm)
Thanks for the lead. I have posted the message for Terry's response.
 
Wabends

#10 of 121 Someone Plz Let me know by cjsot

Jan 29, 2005 (7:58 pm)

745i
zcv conv. pkg
luxury seat
prem sound
rear entertainment pkg
heated steering wheel
19" wheels
rear sunshade
dark wood trim
sat radio prep
 
$75000 ???? msrp 81220
 
Does this sound like a good deal??
 
Thanks in advance.

#11 of 121 Extended Wty for 2001 740i?? by brm49

Mar 02, 2005 (4:18 pm)

In advance I'm sorry for length of msg, but just trying to provide background:
 
We're very close to buying a 2001 740i Sport, 59K miles...to the best of my research, it appears to be clean title, 1-owner CA car, very good mech shape, etc. We would be buying it from a small wholsale operation that does have a very good reputation for both their sales and servicing of "high-end" German cars.
 
Now I'm finding out that hardly any ext wty company will do biz in CA...a couple will, but not many. Extended wty through dealer is underwritten by Assurant (they do the BMW CPOs) and will cost $4000 for 36mo/36k miles, $100 deductible. Coverage looks pretty comprehensive, and "clause #12" on their T&C's basically states any part NOT on exclusion list IS covered.
 
We've never had a BMW before, so we're wondering if we should just save the $4K and use down the road for possible repairs, or do we just go ahead and buy the Assuant wty.
 
Appreciate any advice/experiences/opinions/info....thank you!

#12 of 121 Re: Extended Wty for 2001 740i?? [brm49] by kyfdx HOST

Mar 03, 2005 (8:09 am)

Replying to: brm49 (Mar 02, 2005 4:18 pm)
I'm not going to be very helpful here, but....
 
If you are buying a car that requires a $4000 warranty, you are just asking for trouble.. I'm not saying that a 740i doesn't require a warranty (it definitely does), but the price should be a tipoff that you won't have a really happy experience with that car..
 
3rd party warranty companies are always iffy.. Call around and see if you can find a repair shop that will honor that warranty, before you buy..
 
Or, look for an '02 at a BMW dealership that is CPO.. and has at least 3 years of warranty left.. BMW backs their own warranties.. I doubt this company has anything to do with them..
 
Sorry I don't have better news or advice.. I know this isn't the answer you were looking for..
 
regards,
kyfdx

#13 of 121 Re: Extended Wty for 2001 740i?? [kyfdx] by brm49

Mar 03, 2005 (12:30 pm)

Replying to: kyfdx (Mar 03, 2005 8:09 am)
kyfdx-
Thanks for the input. I agree $4k is pretty much rape, but, if you're unfamiliar with the situation in CA right now vis-a-vis auto extended warranties, then let me just sum it up by saying as of July 1, 2004, It Sucks.
 
Very few, and I mean hardly ANY companies will sell individual policies in CA due to the taxes and surcharges that the CA insurance commissioner imposed. The few that do get away with it do so by selling only online, therefore they are able to say the policy was sold in, say, Ohio. The "good" news with these couple companies is the wty is in the $2500 range for 48mo/48k...but the bad news is it's just major components and not a more comprehensive "bumper-to-bumper."
 
I have checked up on Assurant...they are insured and reinsured. They are the company that underwrites and administers the CPO wty's for BMW, among others...at least according to WarrantyWeek. http://www.warrantyweek.com/archive/ww20041214.html
 
I wish I could follow your advice to buy an '02, but right now they're too expensive (for me), plus I do prefer the looks of the '01. Another option is to buy an '01 from a dealer with a CPO, but most BMW dealers are so full of crap. They push CPO as a "6yr/100k" wty, when it's nothing of the sort. It's really a 2yr/50k once the original 4yr/50k expires (which is this year if not already), and although it only costs them in the neighbord of $1600-$1800 to CPO a car, they run their line of b.s. telling you that makes the car worth the add'l $2-$5K they tack on.
 
Obviously, my options are limited so ultimately I have to bite the bullet one way or the other. I either have to deal with a BMW dealer and pay considerably more, pay $4K for 3rd party wty, pay less for less coverage on wty, or don't buy wty and keep reserve fund for repairs. None are great choices, but it's a damn fine car, so NOT buying just aint an option!
 
Thanks again.

#14 of 121 I know what you mean.. by kyfdx HOST

Mar 03, 2005 (12:39 pm)

If my only two choices are:
 
1) Buy the car, keep $4K in the bank for repairs.
 
2) Buy the car, pay $4K for an extended warranty.
 
I'll pick #1... Just don't take money out of that fund for maintenance and wear/tear items..
 
And, once the fund is exhausted, it is time to sell the car.
 
regards,
kyfdx

#15 of 121 I just bought a 2003 745LI and I'm ecstatic! by poppi68

Mar 24, 2005 (2:24 pm)

Luxury seating, premium sound distance control 35K miles....all for
$52,500!
 
I included some bumper-to-bumper maintenance (in addition to the regular 6 yr 100K mile warranty!

#16 of 121 Purchased by mitch5

Apr 05, 2005 (5:11 am)

Messages Page 2 of 13

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement