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

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  • knasirknasir Posts: 3
    edited October 2010
    Infinitmn -

    This got me to thinking about the extended warranty to 100,00 miles. However, I have read that self-insuring may be the better way to go b/c the things that tend to go are the water pump and radiator/thermostat before 100,000 miles. This may run me between $2,000-2,500 dollars total which is less than the warranty would cost. Any thoughts on this?
  • the 535 engine has the issue , however bmw has covered it for 10 years/100k miles
    the 528 engine does not have the issue , and it is same as the 530 engine
  • Im looking into purchasing a CPO 5 series. The Dealers in my area are currently offering a CPO special of .9% financing, $1500 off the price or 2 years of free maintenance. It seems like the maintenance is the best value, but the dealer just informed me that the free maintenance option requires me to finance through BMW, which has rates roughly 1.25% higher than I can achieve with AAA. The payment itself is one thing, but I'd also like to know if there are prepayment penalties and any other costs related with financing with BMW finance on a CPO

    Any insights would be greatly appreciated.
  • jaywayjayway Posts: 2
    I am negotiating with several dealers to buy a 550i in the greater Boston area. I plan to buy the last week of Oct. Because of the options I want, the car needs to be ordered. The prices I have gotten in the first round are $4,800 under MSRP, which is $900 over Edmunds invoice price.

    Admin doc fees are in the $300 range.

    Questions:

    How does this pricing compare with other deals?

    Any recommendations for dealers in the Boston or southern NH areas that provide lowest pricing?

    Thank you!
  • I just did CPO in July and got the free maint to 100K. I had to finance a minimum of 10K to get the deal and pay their commercial rate which was about 7%. I was told I could pay off the loan after 4 months and still have the maintenance for free, but I have not tested that yet.
  • Good info

    I figured their would be a minimum loan amount and some type of early termination clause.

    Besides their commercial rate, were there any other finance charges you can recall?
  • I am looking to purchase BMW535ix Drive, please advise me the best price I can get in NJ/NY area
    Thanks.
  • Kirstie_HKirstie_H Posts: 10,810
    A reporter wants to talk with someone who is deciding between a new Lexus, BMW and/or Mercedes. Please email pr@edmunds.com asap with your daytime contact info, your city and state, and the vehicle models currently under your consideration.
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    Corporate Communications
    Edmunds.com

    MODERATOR
    Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.
    Share your vehicle reviews

  • Just looking for some input on my upcoming decision. My '08 550i comes off 36 month lease in 9 days. It has 33k miles on a 15k/yr lease. The car has never been damaged and is in near perfect condition. Residual is $41k, with taxes ~$44k to buy. I have arranged 3rd party financing at 3.99%. However, $44k seems a little steep to me given what KBB says. While discussing this with a local dealership, I noticed they had an '08 550 CPO (22k miles) on the lot listed for $43k. So one option is to turn mine in and buy that one if they won't drop the price. Other options, according to the dealer, are to get it certified and they would finance at 2.9%. OR, of course they happen to have a new 550 on the lot that they'd be willing to finance for 3.9%, 60 months, no $ down, monthly payment just over ~$1k (I didn't ask the sell price at the time b/c frankly a new car wasn't even on my mind). Thoughts?
  • actively considering 2011 MB Eclass 4MATIC and 535xi
    forward your email so I can send you the requested info
  • kyfdxkyfdx Posts: 27,613
    edited November 2010
    Respond to pr@edmunds.com

    If you see a red X, that's where the "at" symbol goes..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • nyccarguynyccarguy Stamford, CTPosts: 7,393
    I think your best option is to call your salesperson (client advisor) and see what they'll sell you the car for. They can buy it back from BMWFS at an auction price and resell it to you cheaper than BMWFS will. You can save yourself a lot of money by doing this.

    Now, how do you get a price to negotiate with? There are a few boards here on edmunds town hall that will help you out.

    REAL WORLD TRADE IN VALUES - Type in the years, make, model, color, options, condition... and there are actualy car salesman that will give you a very good estimation as to what your E60 550i is worth.

    BMW 3 series - Prices Paid - I know this is a 3 series board, but there is a member named gbrozen who has a subscription to GALVES (the auction in the northeast) and can look up for you how much the last cars similar to yours crossed the auction block for.

    After you determine a price and negotiate with the dealer, bring the car into the service department for a Pre Purchase Inspection. If the car is going to need new tires (to qualify for CPO), then buy new tires so the dealership doesn't have to. If the car is going to need brakes or a service soon, see if the dealership will do it and this way BMW pays them for the warranty work (if they have to replace the brakes under CPO, then it costs them money).

    Good luck & keep us posted.

    Just so you don't think I'm pulling a rabbit out of my hat... We turned in an '07 X3 at the end of July. BMWs buyout was $26K & change. The dealer offered to sell me the truck for $21,600 + CPO + Tax. I turned them down, because I didn;t want a second car payment on a 3 years old 45K mile BMW.

    2001 Honda Prelude Type SH/ 2011 BMW 328xi / 2011 Honda Pilot EX-L w/ Navigation

  • Hello, I'm new to this forum, and BMW's in general. I am thinking of purchasing a CPO '08 528xi, much to the dismay of my husband. He says maintenance costs are always 4 figures and upkeep is too high. I have heard good and bad, and after reading a lot of these posts I am still confused. The cars I'm considering are 1-owner, between 39,000 and 45,000 miles, ranging in price from $33,4 to $36,2. Any thoughts either way anyone can share? I live in MA.
  • phylpphylp Posts: 49
    We bought a certified pre-owned 2008 BMW 535i last October. The car is a joy! Maintenance costs so far have included an alignment, at the cost of $175 -- which is high for that service. Otherwise, a little indicator light comes on telling us to get service, we go to the dealership, and leave without paying a dime because, frankly, we have already paid for the service in the purchase price. The plan is to trade up to a 2011 around this time next year. Without hesitation.

    Allow me to suggest buying the lowest miles and only from a reputable dealer who will stand behind the car and help you advocate if there are any warranty issues. All dealerships are not created equal. Go out of town if you must. Also, after the test drives, we did almost all negotiating via e-mail. Much more pleasant.
  • For Nov is it still .00023 and 57% even with the holiday 1500 gift card? Car is about to arrive before month end... Appreciate the help! Thx
  • In July I got 2008 535i, Nav, Premium, Cold Weather, upgraded seats for 32.5K. Prices you are getting are too high. If you finance it at regular rates (or part of it) they will incl no cost maint to 100K miles.
  • nyccarguynyccarguy Stamford, CTPosts: 7,393
    What was the asking price?

    2001 Honda Prelude Type SH/ 2011 BMW 328xi / 2011 Honda Pilot EX-L w/ Navigation

  • It was like $35K or so. THe car had 41K miles.
  • Looking to purchase. Any recent price quotes? Please detail vehicle options.
  • Greetings.

    I am 60 days out from the lease end of my 2007 530i with 31k miles onboard. Residual value is 16,950. In considering my buy out options I am trying to figure out what is the reasonable cost of the CPO tag. I visited a dealer today and they were nebulous with details but quoted me a selling price of 21,250. The car has tires with <10k on them and don't likely need to be replaced. Essentially, this amounts to a $4,000 certification for an extra 2 years on a relatively low mile car. Does this seem to be a reasonable fee? Thanks in advance

    John
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