Last post on Feb 05, 2013 at 12:39 PM
You are in the BMW 5-Series
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BMW 5 Series, Car Buying, Sedan
#273 of 399 Should I do this Deal?
May 24, 2009 (5:37 pm)
I need some advice. I found on the BMWUSA website, an ideal car. it's a 2007 CPO 530i, Alpine/Black, with Premium, Cold, SPORTS, prem. sound, and NAV. Car has 24K miles on it, it's off lease, one owner, clean Carfax, and dealer wants $36,999 for it. I called and got so excited, it's exactly the car I'm looking for, I walked away from one in January because of the stock market, but I'm reluctant to pass on this one. I called the dealer, and right away put a $500 deposit on it to hold it. The salesman, very nice guy, said they "owned the car at $36,000" and maybe there's few hundred in there, and then asked me what I thought I wanted for mine. I have a 328i, 1996 with 109K miles on it, with some issues (moon roof doesn't work, some other minor stuff that I had priced at the BMW dealer I dont' want to bother fixing yet). He's willing to drive the car to me (dealer is 60 miles from my house), then he called me back and said that he would take mine back with him, and the dealership gave him authorization to appraise mine on the spot.
I'm thinking that the price is a little high for that vehicle, and I don't want to move so fast. Should I drive out there, take the day off, and see what happens. I mean I haven't even driven the car, let alone seen it, except for pictures on the dealer website. The car is evverything I"m looking for but I"m more comfortable at $34,000 not the $36,999. Plus they're going to add dealer fees ($500, right). I"ve seen other similar vehicles with the XI that supposedly is supposed to be a higher priced model, in the same price range if not a little less. I just think that's high for that vehicle, given it has NAV.
What do you guys think? I'm going to call him on Tuesday morning and say, not so fast. Let's talk about price, or walk away. Anybody have any feelings about it.
#274 of 399 I finally made a Deal
May 30, 2009 (12:58 pm)
Well guys, after all these months of gut wrenching emotion, I finally made a nice deal today at the BMW dealer in Greenwich CT. Remember I had seen a beautiful Alpine White 2007 530i with Sports pkg, which is just what I was looking for, with low miles.
My sales girl, who's been working with me since November, was able to work with the other dealer because they are all owned by the same BMW parent company apparently. So one of the Greenwich manager's who lives in NJ, is going to pick up the car next week, and drive it over to Greenwich.
Meanwhile, the asking price was $36,999 (premium, cold, SPORTS, NAV, prem sound, comfort access, etc) 24K miles, Warranty expiration June 26, 2012. I got the car for $36,200. My heart was in my mouth over my trade in (1996 328i, 109K miles)
and somehow, they had the impression I wanted $2500 for it. Well the manager reviewed the car while I was talking to the saleswoman. He came in, and started with "well, I know you wanted $2500 for it (I never said that, I actually thought they'd offer me about $1200), but it has a few issues, and I could do $1500, maybe $2000 since you really want the car." I accepted the $2000 right on the spot, and that ended the negotiation part of it. I'm satisfied with it. Look the car has low treads in the rear set, sunroof inoperational, and ABS light comes on which the Darien dealer told me is a wheel sensor ($275).
So I'm giving them a large down payment, and financing only about 30% of it at 3.9%, she said maybe they'd do a little better. we'll see. The car is a cream puff, Alpine White, with black leather, and I am so excited I fnally found a car. I know I paid maybe a little more, but you know something, I keep my vehicles a long time, so that extra money will be amortized over the life of the vehicle.
Also - I bought the extended service warranty for $1695, which extended the service warranty until the end of the main warranty, which is June 2012. I felt it was worth the $800 per year extra for that. Peace of mind. Otherwise the 4 year warranty was running out in June 2010. I want to make sure my 30K mile servicing is FREE. Now it will be. I thought this was well worth it, I know they probably took me, but since the BMW dealer sold it to me, I have no doubt about it. It went onto the amount to financce, and yes, I realize it's a gimmick, but still it's there if I need it.
Well what do you think guys!!!
#275 of 399 Re: I finally made a Deal [gardis]
May 30, 2009 (9:02 pm)
Sounds good. Never obsess over a few bucks that you may have left on the table- just enjoy the car!!!
Jun 03, 2009 (4:34 pm)
Congrats, Gardis. Seems like you found just what you wanted. I agree with Roadburner that you shouldn't fret about a few extra bucks.
It does seem, however, that you got emotional about the car and the purchase, but don't we all at some point!!
Like to see it sometime.
#278 of 399 2008 528xi is it good deal
Jun 12, 2009 (2:03 pm)
Dealer is offering 2008 528xi with pre, cold pkg, xenon lights and 12000 miles for 38k.
Is it a good deal?
#279 of 399 Picked up the vehicle on Thursday
Jun 13, 2009 (4:30 am)
Picked up my CPO 2007 530i on Thursday at the dealer. The car is impeccable and I'm ecstatic with it. When I was doing all the paperwork I was signing the finance papers (I only financed about 25% of it 3.9% from BMW) the guy tried to upsell me on those options for a higher monthly payment, and I turned them all down FLAT. He looked disappointed and said, may I ask why, and I ignored him. Gimmick.
I can't believe how this car handles. Smooth and powerful. I'm thinking why would they need an even bigger engine on the 535 model now. With what I have, it feels like taking off in a 747 when I ease onto the highway!!
Have a great weekend,
Gardis - CT
#280 of 399 Pricing suggestions..
Jun 14, 2009 (12:35 pm)
i live in the SF bay area and found this Certified 2007 530i Sedan with Premium Package, Sport Package, Automatic Transmission, Comfort Access, Xenon Headlights, Park Distance Control, Premium Sound, Navigation System, Leather Interior and Metallic Paint. This car has <25K miles on it. Dealer is asking for $38.9K, which I think is excessive. What would be the fair price for this car.. I am thinking about offering 33K. I would appreciate your suggestions and if you have recently purchased a used 5 series in the bay area, I would like to hear about your buying experience and suggestions for a good CPO dealer in the area. Thanks for your help. mars
#281 of 399 Re: Pricing suggestions.. [mars415]
Jun 14, 2009 (4:29 pm)
Use the CPO model search on the BMW USA web site. That should give you a general idea of regional asking prices.
#282 of 399 Re: Pricing suggestions.. [mars415]
Jun 14, 2009 (5:10 pm)
The car you just described is the exact vehicle I purchased, right down to the mileage EXCEPT: I do not have park distance control and the vehicle is Alpine White.
They were asking $36,999 for it, and I ultimately settled for $36,200. This is in Greenwich, CT. I looked at 5 series XI models, and they were in that same price range, so I even thought this was a little high, but the vehicle was impeccable, so I went for it.
Good luck, let me know how you make out.