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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

What is this discussion about? BMW 5 Series, Car Buying, Sedan


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#213 of 339
Loan Rates by gardis
Jan 23, 2009 (1:14 pm)
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I just heard from my dealer. I am looking at this 2007 530i. I want to pay half in cash, and finance the rest. I filled out the credit app just for the heck of it, I just heard from the dealer: 7.39% BMW financing. He didnt' shop it around the commercial banks, but said it might come in a little less, in the sixes. He suggested I hold the car with a deposit, and wait until first week February when the new rates come out. They might do a program on the 07's. I might do that, any thoughts? It's not going to stop me from buying the car in any case.
#214 of 339
Re: Loan Rates [gardis] by jayrider
Jan 24, 2009 (6:48 am)
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Replying to: gardis (Jan 23, 2009 1:14 pm)

Considering most credit unions offer 4.90% for 5 year used car loans, that rate sounds a bit excessive. Especially with half down. Google local lenders for rates and ask BMW to match. 7.39% is an out and out rip unless your credit score is low.
#215 of 339
Re: Loan Rates [jayrider] by chint
Jan 24, 2009 (6:42 pm)
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Replying to: jayrider (Jan 24, 2009 6:48 am)

The following are BMW financials rates
 
Score > 740 5.88% for 60 months
         between739 - 700 6.25 %
          
and it goes on all the way to 8 %
#216 of 339
Service Loaner Cars Versus CPOs?? by bavarian08
Jan 26, 2009 (11:05 am)
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Hi there..I am planning to buy/lease a BMW 5 Series 2008. Any useful advice would be appreciated. I saw a 2008 528i with 10k miles ( I was told this was a loaner car) and so technically still owned by the dealership. They are doing a 2.9% APR thru BMW financing.
  
MSRP: $ 45,425.00
Discount: $ 5,694.00
Selling price: $ 39,731.00
  
with 5k downpayment, for a 60 month term, monthly payments are $650.00, all taxes and misc included.
Do I negotiate further? Thx.
 
Also any views on Service Loaner/Demo cars Vs. Certified Pre-owned??
#217 of 339
Re: Service Loaner Cars Versus CPOs?? [bavarian08] by coupedncal
Jan 26, 2009 (2:18 pm)
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Replying to: bavarian08 (Jan 26, 2009 11:05 am)

Doesn't look like it is even close to a good deal. You could add couple of grand a pick up a new one. New ones are going at invoice as most others have reported esp. the 528.
#218 of 339
Re: Service Loaner Cars Versus CPOs?? [coupedncal] by bavarian08
Jan 26, 2009 (2:49 pm)
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Replying to: coupedncal (Jan 26, 2009 2:18 pm)

Thanks for your input. I will reconsider this deal and wait.
#219 of 339
2006 530XI by blh
Jan 28, 2009 (6:39 am)
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Hi All,
 
I'm looking at a 2006 530XI White exterior and Auburn interior 530XI Cold, Premium and Sport package. Asking 29,800 with only 15,000 miles.
 
I have not looked at the car and not sure if I can get past the redish interior.
trying to find a better pix of the auburn reddish interior anyone seen this or living with this color if so does the color hold up ?
#220 of 339
Re: 2006 530XI [blh] by jayrider
Jan 28, 2009 (9:37 am)
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Replying to: blh (Jan 28, 2009 6:39 am)

There are color combos in all car lines that are unpopular. They usually sell for less than the popular combos. This interior may be a harder sell. Make sure you like it before you buy.
#221 of 339
Re: 2006 530XI [blh] by kyfdx HOST
Jan 28, 2009 (1:49 pm)
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Replying to: blh (Jan 28, 2009 6:39 am)

White with Auburn?
 
Sounds like a great combo to me! I love the Auburn interior... White is fairly rare on a 5-series...
 
Don't have a pic for you, though.. There is no substitute for seeing it in person..
#222 of 339
Re: 2006 530XI [blh] by chint
Jan 28, 2009 (3:40 pm)
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Replying to: blh (Jan 28, 2009 6:39 am)

Is the car a CPO ?
 
Thanks

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