Last post on Jul 28, 2013 at 1:08 PM
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BMW 5 Series, Car Buying, Sedan
#314 of 400 2008 535i over 60K miles. good deal?
Sep 04, 2009 (2:32 pm)
I've been looking for a 2007 525i and came across a 2008 535i that looks great, it is fully loaded but it has 62K miles on it. The deal is very good, I got the dealer to come down to almost 2K less than what the BMW dealer wants for the 2007, I can get it for 30K OTD
Do you guys think it is no big deal, the high mileage? I know these engines run for a very long time, but what would you look for in order to make sure it is ok?
#315 of 400 Re: 2008 535i over 60K miles. good deal? [ponchomoran]
Sep 07, 2009 (1:58 pm)
It sure seems like a great deal. Be sure to set aside some emergency funds for the remote chance the turbos need replacement. The history of this engine (with turbos) is unproven to say the least. And do find out if the high pressure fuel pump replacement warranty extended by BMW covers a new owner as well. It should but it is worth confirming from BMW. These are the only two suspect areas I can think of. I am sure others with more experience here will also chime in.
#316 of 400 Re: 2008 535i over 60K miles. good deal? [coupedncal]
Sep 08, 2009 (4:29 pm)
sounds like a pretty good deal. i have a 2008 535xi with 46000 (original mfg warranty) and about to trade it in for 2010 model. dealer is offering $34k for trade-in. so i think you're getting fair offer. i guess it also depends on how loaded the vehicle is. what options are on the vehicle?
#317 of 400 2008 535i w/ 37.5k miles CPO
Sep 17, 2009 (5:30 pm)
This one has premium package, sport package, steptronic transmission, navigation, active steering (boo), rear sunshades, fold-down rear seats. They're asking $41,993 but have come down to $40,597 so far. Hoping to get them down to $38,500.
Thoughts? Only thing that seems weird is that it might have been a loaner for its first 12.5K miles, but it seems a bit too well-equipped for that.
Sep 24, 2009 (1:48 pm)
I'm struggling with a replacement for my trusty 2001 S60. Looked at the 06 325xi, but I just don't want the RFT problem. So I found a nice looking 2004 530i, with only 25k miles, for $22,900. Car looks great, and seems to have i-drive, which worries me a bit. They also have a 2004 325xi with 54k miles, for $15,900. I like the room in the 530, but the RWD in winter concerns me here in MA, as I have a steep driveway.
How much lower in price do you think they'll go?
#319 of 400 Re: 2008 535i w/ 37.5k miles CPO [dcgibbons]
Sep 24, 2009 (4:58 pm)
A dealer in Bridgeport Ct had a 2008 535i last December with 27K miles on the clock. They started off at $41,900, and then came down to $38,900. The vehicle sat there a good three months.I'm sure they had to let it go for less. Vehicle was impeccable. I was skeptical of the turbos, so I passed on it. It had premium, sports and cold. Hope that helps.
#320 of 400 Need advice.
Oct 12, 2009 (3:24 pm)
A car dealer (non-bmw) has a 2000 528i sport with 82K miles for $13K. A true sport package with heated seats, 10-way driver's seat, BBS rims and etc. Also, two-owner vehicle. Is that a good price?
#321 of 400 Re: Need advice. [fosterb]
Oct 13, 2009 (10:07 am)
Terrible price. At least here in the Northeast. That's about double its trade-in value. If it were me buying it, $8500 would be fair, and $9k would be the moon for a nice one.
#322 of 400 Re: Need advice. [qbrozen]
Oct 18, 2009 (7:54 pm)
Thanks for the info. Also, found out that it needs a new battery and the headlight clear shields need to be cleaned up. Will talk about getting these items taken care of while discussing price. Also, this type of vehicle is rare in this neck of the woods...also checked with Autotrader.com and this roughly the going rate for this type of vehicle. Will keep you posted...
#323 of 400 Re: Need advice. [fosterb]
Oct 19, 2009 (5:58 am)
also checked with Autotrader.com and this roughly the going rate for this type of vehicle.
Asking prices do not dictate "the going rate," however. Asking prices are just that, and what is actually acceptable as a sale price is something tougher to judge by scanning ads.
By the by, just for comparison, I checked autotrader within 100 miles of my central NJ location. The most expensive 2000 528i is $11,995, and that one only has 71k miles. There are quite a few in the $8k-$9k range. Maybe you should check surrounding areas and be willing to drive a couple hundred miles.