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2013 and earlier - BMW 5 Series Prices Paid and Buying Experience

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Comments

  • pennjerseypennjersey Posts: 2
    edited April 2010
    I bought my 2010 528i AWD from BMW of Tenafly, NJ
  • leo1977leo1977 Posts: 17
    out of your 3K down how much was the capital reduction/downpayment?
  • kennynmdkennynmd Posts: 424
    Edmunds has the rates going at 5.9% for new 5 series. Is this correct? I would think BMW would be lowering them to try and get rid of the 2010's left on the lot. Also, are there any special rates for used 5-series? Thanks
  • Was just quoted $38.8k for a 2009 CPO 528xi (14k miles, monaco blue ext, beige leather, premium, cold weather pkg, ipod connection). Original warranty good till 01/2013 (CPO 01/2015). Dealer will also take care of my current vehicle (2007 328xi lease, 3 payments left).

    Is it an acceptable deal? Want to go ahead in the next day or so, and any advice will be greatly appreciated.
  • smithsongasmithsonga Posts: 123
    this appears to be a good deal, especially taking your lease (which I assumes absorbs your last 3 payments, what about your security deposit?). a 2010 with your options is probably $10k more.

    I am a huge fan of the CPO route. You will save $10k, and actually get a longer warranty.
  • phylpphylp Posts: 49
    Very good deal. Ditto on CPO is the way to go.
  • joe24joe24 Posts: 27
    Not sure its a great deal. With the incentives on the 2010 528xi you can buy a new one for $43-44K (carsdirect price) with all the options you have outlined. Buying a car with 14K miles and one year older for 5K less than new.
  • smithsongasmithsonga Posts: 123
    I use carsdirect and get $47k. Maybe you are not selecting the 528xi and just the 528i? :confuse:
  • phylpphylp Posts: 49
    Factoring into the deal the value of getting out from under the last three lease payments, and even at "only" a $5K discount from new (money is money), the miles and slightly more age on the CPO leaves a very good deal IMHO. It's a BMW. :)
  • joe24joe24 Posts: 27
    I just ran it on carsdirect. 2010 528xi with premium package and navigation is. MSRP is 51975, invoice is 48360 and cars direct price is 43585. There is a 5,000 incentive on the 2010 528xi because the 2011's are a redesign. I have spoken to dealers on the phone and have gotten a price of $44K. I live in northern, nj.
  • Thanks everyone for your comments. Much appreciated.

    I agree with Joe24; I can get a brand new one for around $44k. However, I don't want to spend more than 39-40k, so I think I'm going to pull the trigger (I love the color as well, monaco blue/beige, so...) on this one.

    Now one other question. I have a 3.4% APR from my credit union. Is there any chance I can now score a better rate at the dealership?
  • mdx2me4mdx2me4 Posts: 1
    Hi! I just bought a 2010 528xi with premium package and value package for a little bit under what you see at CarsDirect.com. According to Yahoo Autos, there are still quite a few 2010 528xi (92 as of today) to be sold in Metro Detroit area. The price could come down even further. But, I pulled the trigger anyway.

    1. This car is not getting cheaper because of the thin margin unless BMW is willing to pay dealer more. Any further cut will squeeze 3-series sales.
    2. Stocks market is doing relatively well recently and dealers or BMW will hold off any more inventive.
    3. 2011 xi models won't arrive in the US until Spring 2011.
    4. There are not many good AWD choices in this class. 528xi is possibly the most affordable and most fun to drive at this point.
    5. The new 2011 model does not appeal to me. I do not want to wait for another 7 years just to get this bargain.

    So far, I am enjoying this car every second when I am in it.
  • jiggyjiggy Posts: 10
    FYI

    If your credit is great and am financing over 30k, Bank of America is offering 3.2% for a 60 month loan.

    Thats the rate I got a few weeks ago when I picked up my 535i.
  • tleetlee Posts: 42
    Unless you are going to keep the car for a long time, the actual price difference between 2010 new and 2009 CPO is much smaller than $5K. According to Edmunds, the trade-in value of a 2007 525xi is $23,903 vs. 2006's $19,331. (i.e., a difference of $4,572). So, you will likely recoup most of the $5K difference when you trade in the car.
  • Kirstie_HKirstie_H Posts: 10,913
    A reporter is looking to speak to recent luxury car buyers/owners who considered a Lincoln but then decided against it. Please send your daytime phone number to ctalati@edmunds.com by Tuesday, April 20, 2010.
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  • joe24joe24 Posts: 27
    I just pulled trigger on 2010 535xi with value, premium, nav and siruis. MSRP 57,670 and I got it for 47,500. Cars direct was 47,800. I think we would have went lower if I picked on from the lot. He had to get it so probably left 500 on the table. How was the deal? I know 2011's are coming out but at this price I would have to get the 528. Monaco Blue with beige/black interior.
  • lkd2lkd2 Posts: 1
    I need some help.

    Was looking at a 2008CPO and the dealer showed me this??

    The deal is a 528xi, 2010 dealer loaner with 10k miles. Plat grey w/ black Dakota leather.

    It's list is 51,825 incl destination,\options;
    prem, value package
    split rear seat
    heated rear seat
    sat radio

    The dealers first offer is 41,850.

    Any suggestions? Like to get it below 40k and CPO.
  • I believe you can negotiate down to 36K of the price with 10K miles on the car or wait until April 30 when incentive is going to expired.
  • joe24joe24 Posts: 27
    It will be hard to get the CPO. You can buy that care new for about $43K today so you shouldnt buy it for anything more than $38K.
  • raj_12raj_12 Posts: 2
    Joe:

    Could you tell me the Dealer you got this price from on the new 5 series.

    Also would need your folks advice on one of the used car I looked from a private party

    BMW 5 series, premium package, sports, navigation, miles on it 30K....its a 2008 model and the warranty is going to expire in 16 months.

    So would need your advice if its worth buying for 30K?

    Thank you,

    RK
  • Hi All,

    I'm in the market for new BMW 528i / 535i, and here is best quote I've received so far. Would like to get the experts' opinion, on if this is a decent price.

    2010 - 528i - Space Gray with Gray interior - Cold weather package - Premium package - Value package - comfort access - split fold down rear seat - xenon head lights- navigation - satellite radio
    MSRP = $53,195
    Carsdirect = $44,810
    Offer at $44,500

    2010 - 535i - Space gray with cream beige - Premium - Sport package - value package - comfort access - navigation - satellite radio
    MSRP = $60,345
    Carsdirect = $50,190
    Offer @ $48,000

    Couple of additional questions
    - Documentation fee is about $599.. What do you think is the reasonable fee in Georgia ?
    - This will be my first time buying a BMW.. Should I go for 528i or 535i ?

    Thanks,
    ST.
  • please ignore my previous message, as I've made error in the numbers..
    ___________________________________________________________
    Hi All,

    I'm in the market for new BMW 528i / 535i, and here is best quote I've received so far. Would like to get the experts' opinion, on if this is a decent price.

    2010 - 528i - Space Gray with Gray interior - Cold weather package - Premium package - Value package - comfort access - split fold down rear seat - xenon head lights- navigation - satellite radio
    MSRP = $53,195
    Carsdirect = $44,810
    Offer at $44,500

    2010 - 535i - Space gray with cream beige - Premium - Sport package - value package - comfort access - navigation - satellite radio
    MSRP = $60,345
    Carsdirect = $50,190
    Offer $50,000

    Couple of additional questions
    - Documentation fee is about $599.. What do you think is the reasonable fee in Georgia ?
    - This will be my first time buying a BMW.. Should I go for 528i or 535i ?

    Thanks,
    ST.
  • Doc fee is ok.......

    There is one 535i in Roswell area which MSRP 56,920K which advertise to sell for 48K.

    I believe you can knock down 2K for the 535I.

    I bought 335I 2009 for 37K (MSRP 51K) in Feb 2010.
    doc fee is 349 in Athen.

    The stragegy is to negotiate through email before you come in the dealer. Come to dealer is a waste of time. You have time to work on the deal until April 30 which the incentive expired
  • I forgot to mention there is a hold back $1367

    So basicly....negotiate on 47K up to 48k..+ doc fee + 6% tax + 41 ($3 lemon + $18 registration + $20 title)
  • Thanks for your input..

    Yes, I did look at the one in Roswell, and his best offer seems to be $48,925 (might go to $48K0, and it doesn't have sport package.

    Any thoughts on 528i offer
    - MSRP $53,195, so far I negotiated it down to $44,500 on the sales price, but I'm still negotiating on doc fee
    - This particular car is not on his lot, and needs to come from some where in west coast.

    Appreciate your feedback.

    Thanks.
  • You can not negotiate on the doc fee but you can knock down the price of the car which is equal to doc fee. That is the trick.....because all the doc fee is preprint on the sale document.

    The 528i offer is still high. I think you can lower your offer to 42.5K to 43K + doc fee. Remember, 2011 model is on the parking lot so time is more flavoravle on your side than the dealer.

    GA economy is very weak with 10.5 unemployment rate. I don't see a lot of business activities going on and you see a lot of commercial Lease sign posted up.

    Which dealer are you working on?

    Remember every penny to save is good. Dealer are trying to make much profit from you as possible.

    Doc fee is actually their profit and split between the salesman and their manager....and that does not counting into others profit like car options, holdback and incentives for sell more cars from the manufactures...

    I hope that helps....
  • Thanks doanmquang for your input.

    I thought carsdirect (target price) was the price to beat. So when the dealer agreed for $44.5 (few hundred dollars below target price), I thought it was a decent price. Some how I missed to include dealer holdback of $1367 ...

    Dealer I'm working with is Nalley's BMW.
  • smithsongasmithsonga Posts: 123
    try www.truecar.com to find the true cost of the specific car w/ options.

    I optioned a 528i to $53,170 MSRP and it says the true cost is $43,211. so they are still making $1,300.
  • Of course, the dealer will alway make profit. The profit amount is usually depend on the buyer behavior and knowledge. They can still can earn on the profit on your finance and trading in.....

    Truescar.com site which I used as a price guide and I know I can beat their target price easily...depend on end of the month or first day of the month.....

    As I know there are less and less buyers in the market.....so BMW give their $$ for marketing support and Loyal Customer..... and .09 percent for 24 months...etc....

    Just keep your options open and negotiate with several dealers at the same time....
    Once the price is confirm.....let them know get the paper work done and wash the car for you to pick it up....

    I walk out the dealer with the car and all paper work done in 30 minutes...no waiting.....
  • Just bought my 528xi (space gray ext, black int, value, premium, xenon) in the Chicago area - $42,256.00(carsdirect) + $155.00 (doc fee). Had to also pay $300.00 more to turn in my 2007 328xi lease 3 months ahead of time.

    Good deals with the remaining 2010 models these days....I was thinking of a late model CPO in the beginning, but decided with a new one, given the deals around...
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