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Sedans BMW 5-Series Buying a used 5 Series
339 messages, Last post on Dec 01, 2009 at 4:29 PM
You are in the BMW 5-Series Forum. Your Hosts are pat & karens
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Roadburner What do you think of this deal: 2007 530i, 18K miles, car went into service APR08, warranty runs to Apr 2014. First they were asking $39,900, now drpped to $36,900. I want to offer OTD $34,000, tops. Car is pristine looking, haven't test driven. I want to get a commitment from them first we're in the ballpark. One owner, traded the vehicle in for a 7 series. I like a good solid car, I keep them like 9 years, so I figure this car isn't going to cost me a dime until 2014 outside of purchase. I hear the 5 series is a top rated model, is that correct? I'm torn over this or the Lexus RX, but Lexus doesn't make my heart beat like a BMW, currently driving a 96 328i with 105K miles. Also purchased in the CPO program, have had good results with it. Any advice from a pro is appreciated! Gardis in CT
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Replying to: gardis (Dec 15, 2008 7:10 am)  The price doesn't sound bad, but why not ask over at "Real-World Trade-In Values" over on the "Smart Shoppers" board? You might also go to the BMW USA site and do a CPO search for similar cars. Note that the free service ends at 4 years/50000 miles. That said, my dealer charged less than $400 for the Inspection II(  60000 mile) service. If you plan to keep the car I'd change the oil every 7500 miles and change transmission and final drive oil at 50000 miles. I don't know how long brakes last on the E60 5ers, but you will probably have to replace them at least once. Still, when all's said and done service costs should average $60-$70 per month over the 9-10 years you own the car.
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Can anyone offer some guidance on prices paid for CPO v's prices originally listed by dealer. With new cars its seems a little easier to guage the market. For CPO's I was curious on any insights in negotiating with a dealer. I'm looking at a 5 series BMW sedan (say 525 or 528), probably 2007 year model with low mileage. Thanks
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Replying to: duncan66 (Dec 21, 2008 4:32 pm) |
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Guys, has there been any technical issues with navigation? Im looking at a CPO 2007 530i (29K miles) that has nav, and all the packages (sports, premium, cold, and one more can't remember) car is beautiful asking $34,900 for it, with negotation some wiggle room. I just want to be sure I'm not looking for a problem with the navigation which I don't even care about, but the vehicle has it. Car is really loaded, would hate to pass it up. Also another one 2007 530xi, 18K miles, warranty expires Apr 2014. Asking $36,900 dealer won't budge. That's another 2 grand, but warranty goes longer. Am torn, don't know what to do. I'm leaning toward the $34,900 one, has more. Dealer says his 530xi is competitive in price. I could care less about all wheel drive. That extended warranty is tempting however. Any advice?
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Replying to: gardis (Dec 30, 2008 12:23 pm) Gardis, if I was in your neighborhood I'd stop by tomorrow on new years eve and take you by the ear down to the dealer with an offer sign with $31,000 written on it and sit you in the sales managers office. Oh yeah, with tape over your mouth. I'd come back in an hour and drive you home, unless you got the car. What have you got to lose? If they don't come down on the price 1-2k I'd be real surprised -- maybe more as you walk out the door. All this assumes you have the cash or are pre-approved on a loan to afford the car in the first place. |
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Jayrider, LOL! You are quite right. I have to drive the car first, though. I am going to get that same deal, no matter when I walk in there, I can guarantee you that. The other guy was being hard nosed. Don't worry, right after the New Year, things are going to be DEAD, and they will be just as happy to see my smiling face walk in there. I doubt they would come down to $31K, really doubt that. |
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Local dealer has an ad for cpo units: 07 525i 22k cold weath- leather- sr- $28988 06 525xi-47k-cold-prem-sr 31988 Are these decent prices?
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Replying to: jayrider (Jan 10, 2009 7:34 am) 07 525i 22k cold weath- leather- sr- $28988 06 525xi-47k-cold-prem-sr 31988" These seem high. I just purchased: '06 530xi 46K, cold, leather, sport, manual for $23K This is non-CPO form an independent BMW repair/sales shop. |
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Re Cherryhillo vehicle: Does that vehicle still have warranty coverage even though it wasn't certified? I believe the answer has to be yes. If it's a 2006, it probably went into service in the end of 2005, so that would mean the 6 year warranty (100K) would last until sometime in late 2011. Do you have warranty coverage cherryhillo? The models I'm looking at are all 2007,. but the 2006 530's are running in the low to mid $30K range price wise I think, all CPO. This is up in Fairfield County, CT. You know, Darien CT, one of the highest income towns in the USA...........why would they need to make a deal I suppose with all those high income people. Congratulations Cherryhillo, hope you have many years of good service from the vehicle. I wish I had the guts to pull the trigger on one I'm eyeballing.
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