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Buying a used 5 Series

323 messages,  Last post on Oct 19, 2009 at 5:58 AM

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


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#283 of 323
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 323
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 323
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 323
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 323
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 323
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.
#289 of 323
Re: Pre owned 2006 BMW 550i - A couple of quick questions! :o) [roadburner] by jayrider
Jun 21, 2009 (6:57 am)
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Replying to: roadburner (Jun 20, 2009 10:11 pm)

If I followed the dealer recommended service for my 03 jeep liberty, the maintenence costs would average $1000 every 6 months.They have a myriad of flushes, cleanings etc. My costs average $100 per year and it runs fine. If you maintain your bmw,mercedes audi, at a skilled independent shop, your costs will not be excessive. If you give the dealer a blank check than expect to be reamed in most cases. Repairs can be stiff because parts are more expensive,but shouldn't be all that frequent.
#290 of 323
Re: Pre owned 2006 BMW 550i - A couple of quick questions! :o) [jayrider] by roadburner
Jun 21, 2009 (10:12 am)
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Replying to: jayrider (Jun 21, 2009 6:57 am)

If you give the dealer a blank check than expect to be reamed in most cases. Repairs can be stiff because parts are more expensive,but shouldn't be all that frequent.
 
That's usually the case, although I will say that my local dealer(Sam Swope, Louisville KY) has very fair pricing. They also refuse to push additional unneeded service. That said, I also use a good BMW indie shop, but often it's a toss-up as to which shop will have the better prices. I follow BMW's maintenance schedule to the letter with the exception of oil and automatic transmission fluid or gearbox/final drive oil changes. I change the oil and ATF at 1/2 of BMW's recommended interval while gearbox oil and final drive oil are changed every 30,000 miles in my track rats.
#291 of 323
Chnace to buy a 2004 530i by jaydoll
Jul 08, 2009 (5:32 pm)
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hi, I have a chance to buy a 2004 530i 6 speed with premium/zennons/cold weather package and 54K miles. It is a relative and it has been maintained by the book and garaged.
 
Asking price is $17K
 
My big fear is the electronic on this car. I remeber hearing that there were a lot of problems with the i-drive on this car being the first year of this stlye and i-drive.
Anyone have any idea if the 04 /first year i-drive sytems are destined for failure.?
 
Any other problems that I shoould know about?
 
Thanks,
 
Jay
#292 of 323
95 bimmer by airmailmiller
Jul 18, 2009 (10:06 am)
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looking at a 95 525, 126,000 miles , power everything according to the dealer, ac belt is off, but compressor turns freely. good condition, dealer has been driving it for the last 4 months, he wants 3995.00 for it, are they dependable, is this a good price? i m also looking at a 740il for 3000.00 with the same mileage as the 525. it is in excellent shape, just the maintanence costs scare me on the 740. i ve had bimmer motorcycles and i know they are rock solid. any info would help.

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