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Buying a used 5 Series

339 messages,  Last post on Dec 01, 2009 at 4:29 PM

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


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#279 of 339
Picked up the vehicle on Thursday by gardis
Jun 13, 2009 (3:30 am)
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Hello Guys
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 339
Pricing suggestions.. by mars415
Jun 14, 2009 (11:35 am)
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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 339
Re: Pricing suggestions.. [mars415] by roadburner
Jun 14, 2009 (3:29 pm)
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Replying to: mars415 (Jun 14, 2009 11:35 am)

Use the CPO model search on the BMW USA web site. That should give you a general idea of regional asking prices.
#282 of 339
Re: Pricing suggestions.. [mars415] by gardis
Jun 14, 2009 (4:10 pm)
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Replying to: mars415 (Jun 14, 2009 11:35 am)

Mars
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.
Gardis
#283 of 339
Pre owned 2006 BMW 550i - A couple of quick questions! :o) by LASpurs
Jun 15, 2009 (1:58 pm)
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Hi everyone,
 
I wondered if I could ask you experienced heads a few questions regarding this car.
 
I am looking at buying a pre owned 2006 BMW 550i, it has 48K miles on the clock and from the outside (and under the hood) appears to be in stunning condition. It is fully loaded with the Navigation, winter package, HUD, Sports package, leather seats, bluetooth, seemingly the lot.
 
The dealer is looking for approximately $31,500 for it. Does that seem a good deal? KBB has it $3,000 more than that I think.
 
With it being just under 50,000 I imagine the warranty and inclusive service is about to expire. How expensive are the servicing costs usually and what are the intervals? Is there anything in particular to look out for in a BMW of this age/miles?
 
Any help would be gratefully appreciated.
 
Thanks!!
#284 of 339
Re: Pre owned 2006 BMW 550i - A couple of quick questions! :o) [LASpurs] by roadburner
Jun 15, 2009 (7:22 pm)
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Replying to: LASpurs (Jun 15, 2009 1:58 pm)

On an E60 some services are determined by time, some by mileage, and some by the Condition Based Service system(which calculates service based on driving conditions).
The time based services are: Brake Fluid(every 2 years) and Coolant(every 3-4 years-even though BMW doesn't call for it)
The mileage based services are: Spark Plugs, ATF, and Oxygen Sensors(every 100K miles for all three).
The CBS system has 3 levels of service: Oil Service, Inspection I, and Inspection II. An Oil Service is called for at 15K intervals(or every two years, whichever comes first). It is essentially just an oil change. It costs $80-$125
The Inspection I rolls up at around 30K; it is an oil change, a cabin air filter change, and a comprehensive inspection of the car. Figure $250-$300
Inspection II occurs around 60K and is essentially an Inspection I + an engine air filter change. Costs average $350-$500
     
If you're going to hang on to it for a while I'd advise changing the automatic transmission or gearbox oil every 50K. Change the final drive oil at 100K. I change the engine oil myself on my wife's X3 at 7.5K intervals due to the fact that the truck chews up its oil in less than 9K miles(based on used oil analysis). That's comparing apples to oranges; some people go 15K without any problem but I'm not one of them.
#285 of 339
Re: Pre owned 2006 BMW 550i - A couple of quick questions! :o) [roadburner] by LASpurs
Jun 20, 2009 (7:56 am)
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Replying to: roadburner (Jun 15, 2009 7:22 pm)

Thanks for the reply, in the end I didn't get the car as I had heard some horror stories regarding the cost of maintaining a BMW after the 50K warranty had expired!!!
 
Thanks again for the help, I appreciate it
#286 of 339
2007 530xi by srx2870
Jun 20, 2009 (9:05 am)
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I just got a quote from dealer for a CPO 530xi w/ prem, cold, auto and nav package. It has 35000 miles on it. The dealer asking price is 33900 and he said the most he can do is 33450. Is it a good deal?
#287 of 339
Re: Pricing suggestions.. [gardis] by mars415
Jun 20, 2009 (7:35 pm)
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Replying to: gardis (Jun 14, 2009 4:10 pm)

Well, the car that I mentioned sold a day before I got to the dealer.
so, I ended up leasing the new 2010 535i instead of getting a used one.
Nice car. The new idrive is responsive but got too many options..
Hopefully, I'll get used to it.
 
 
#288 of 339
Re: Pre owned 2006 BMW 550i - A couple of quick questions! :o) [LASpurs] by roadburner
Jun 20, 2009 (10:11 pm)
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Replying to: LASpurs (Jun 20, 2009 7:56 am)

Thanks for the reply, in the end I didn't get the car as I had heard some horror stories regarding the cost of maintaining a BMW after the 50K warranty had expired!!!
 
Those stories are mostly second and third hand hearsay passed on by pathetic envious fools. I've owned my 1995 3 Series since new and at 115,000 miles maintenance and repairs have averaged $33/month. My wife's 2004 X3 has covered 80,000 miles and has cost $56/month to run. The only thing it has needed apart from scheduled maintenance is a four wheel brake job and a set of tires.
It's too bad you let some jealous imbeciles cheat you out of enjoying a very fine sports sedan.

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