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

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  • Is a silver body with premium package. He only added a 17" sport wheels for summer and 16" wheels for winter use only. tinted windows
    I'm try to buy a extended warranty from internet www.1SourceAutoWarranty.com What do you think this company?
  • spyderredspyderred Posts: 137
    and a half ago for $1800. Diamond plan 5 years/100,000 miles zero ded. So far they have paid for $1100 worth of repairs. They have been excellent to deal with thus far. My car has been maintained at a Southern California BMW Dealer.


    If you are planning on buying a contract from them, make sure to buy it before your car reaches 36,000 miles on the odometer. There was a few hundred $ difference between the odometer reading less than 36,000 and more than 36,000 miles. I found out about it by plugging in different scenarios on their website. I was trying to figure out when is the best time/price to buy the extended warranty. Not sure if this is still the case but it was true back in October of 2001.


    So far my experience with 1Source has been excellent. I highly recommend them, for now. We will see what the future holds and how they respond to future claims (if claims are necesarry, hopefully not).


    Once you drive a BMW, it would be really difficult to drive another car. Everything else suffers by comparison.


    In any case, I highly recommend getting an extended warranty contract for these cars. They are awesome to drive but they come with usually higher repair bills.


    Good luck and let us know what you decide.


    image


    Spyderred,

  • tastetaste Posts: 37
    I am evaluating auto's for when I turn in our 9-5 at the end of May.

    Anyone have any info how leasing rates look for 530i's in the Chicago area? I would look at the 525i but they are underpowered in my opinion. Love the 540i but probably more than I want to spend once you add in features.

    Would consider a 330ix but not has high on the styling compared to the 5 series
  • I just reviewed the 'What Did You Pay?' Board and was wondering why the high majority of lease instead of buy. To me unless there is a substantial business write-off it is money out the window every month. What about pride of ownership? Anyway, I would appreciate some help on a new 2003 530i(manual) purchase with Prem. and Winter Pkg., Xenon's and Navigation. Pre-tax MSRP is $46,995 with 2565.00 off at a net of $44,430. Is this ok or can I do better. I live in Central New Jersey. Additionally, should I go for the sports Package? I am worried about ride harshness and besides this, right now I am getting a lot of flack from my wife and some friends on not getting the Steptronic. I saw in the editorial test some mention of a slight problem or a bit to be desired with the 5 speed manual...Is this true? Any other advice or suggestions will be greatly appreciated. I am not really interested in the 2004. Hey, what color do you like with the grey interior (Black Sapphire?)? By the way for years I have dreamed of a 5 series; I am really psyched about this car.
  • Lease Gurus:

    I have been made the following offer:
    2003 540i with Sport Package and Premium DSP Sound, folding and locking back seats.

    Down payment: $2500 Drive-Off
    Term: 66 months
    Money Factor: 1.95
    Lease Payment: $914.15
    Tax: 70.85
    Total Monthly: $985
    Mileage: 12k per year

    Any thoughts? I priced this out directly with BMW credit and it was much higher.
  • Best way to negotiate a deal is to start with invoice price. The price you pay can be figured as follows:

    Your price = Invoice (including invoice for all options) + Dest. and Handling + Dealer profit

    You should be able to make the deal with dealer profit of around $1500 or perhaps a bit less. For a 2003 530i with the options you mentioned (PP, CWP, Xenons, Nav), the invoice price is:

    $37,560 (base invoice for US delivery) + 2,095 (PP) + 545 (CWP) + 1,640 (Nav) + 455 (Xenons) = $42,295

    Add the $695 for Dest. and Handling and you get $42,990.

    Now add, say, $1,500 for dealer profit, and you get $44,490. So, if the $44,430 you mention INCLUDES D&H, that would be a very good price. If not, you should be able to do better.

    You also might want to consider European Delivery. Price on ED is also negotiable, up from ED invoice price, though apparently some dealers aren't willing to make deals on ED. ED invoice on 2003 530 is $34,785. For ED you should be able to get about $1200 over invoice, so you can easily save over $3000 doing ED vs. US delivery for a 5-series (you also save on sales tax since the total price is less for ED; I live in California and figure that I saved close to $400 in sales tax by doing ED).

    As for manual vs. step, it is a matter of personal choice. I got the stick; I greatly prefer the feeling of involvement in driving with a stick. An auto, even with semi-manual control, just doesn't give me the same pleasure and sense of involvement. I actually feel I am a better driver with a stick because I stay more alert. The clutch and shifter on the 5 are fine. Some people find it a bit difficult to make smooth shifts into 1st or 2nd. I have too on occasion but I'm getting used to it and now find that I can shift as smooth or more smoothly than in my previous car (Acura Legend, which I found very easy to shift). So if you really want a stick, I wouldn't worry about it. If you have to appease wife, that is a different matter altogether ;-)

    Good luck!
  • sergeymsergeym Posts: 262
    Because BMW (as many other manufacturers) has set artificially high residuals for 5-series. It is cheaper to lease for 3 years than to buy the car and trade it in 3 years. I am currently leasing a 2002 540ia. It has a 3-year residual somewhere around $37K. The real life trade-in value for 3 year old 540 with all options I have is now somewhere around 32K. Two years from now with E60 making E39 obsolete I am not sure that anyone will give me $30K for my car if I trade it. With a lease I will just return it to BMW and get a new one. Let's them deal with residuals and market values.
  • sergeymsergeym Posts: 262
    You should ask this question on finance and insurance board. Pros there will give you all answers you need. From my point of view 66-month lease is not something you should ever consider. Buy the car if you want to keep it for such a long time. With $985 you can probably finance it for 66 month not lease. I would consider something like $750-800 to be an acceptable number for 3/36 lease. But check with pros.
  • To Sharris and SergeyM - Thanks for responding to my 530i questions and concerns. It was a great help and I really appreciate your assistance. Dan (dan_bmw)
  • I have Steptronic and Sport pkg and both are right ..for me. Just had to have the seats with Sport pkg, and it rides just fine...for me. For you...keep test driving all the configurations; after all,it's a car for...you...All others should let you own what you prefer. They are excited for you,for sure, so take the time to figure it out. Ride the steptronic and manual,back to back and drive each hard. The Step works really well,smooth and enjoyable, but it is not a manual...and you can see many on this board are definitely fans of the manual tranny.You are in the driver's seat....The price seems reasonable and fairly good. Good luck!
  • Dan, you're welcome. I got so much valuable information from this board (as well as bimmer.org) before my 530 purchase, I'm more than happy to share some of what I learned. Again, best of luck with your decision.

    I agree with the cbgb's comments in the above post; drive both manual and steptronic as much as possible before making your decision. I've also driven a 530ia and was quite pleased with the steptronic transmission. My friend who owns it had always driven a stick before that (including a 528i 5sp), and he says he doesn't miss the stick at all. Still, only you can decide what is right for you.
  • Just want to let you know I was able to negotiate 1500 over invoice this past thursday. The order is in for 2003 MY topaz blue, 5 spd, PP, SP and Xenon lights. The dealer gave me a little hard time but I held my own. For clarification, I am purchasing it, not leasing it. I have to wait for 6 - 8 weeks before my toy is delivered. I am not certain if you have the same leverage with leasing. Good luck to all.
  • What is the current residual value on the 5 series? Is it 61% for 36/12000? Thanks.
  • I'm undecided between Lexus GS430 and BMW530. If the latter, do I buy now, or wait for new?
    I can't seem to get more than $2300 off MSRP so far, and that doesn't seem good, considering that a new model is coming out.
    I'm in So Calif and don't want to pay more than invoice+$1000.
  • Hi asteinberg!

    I also compared between Lexus and BMW, but in my case it was between Lexus LS430 and BMW540i. Lexus is a nice luxury car, superior in its smoothness and quietness, but when it comes to performance and handling it's no match to the Ultimate Driving Machine! I guess it boils down to your personal preference, whether you like a lush ride or a sporty drive!

    I hear that the current Lexus GS would be redesigned in 2005, so you want to take this into your consideration.

    As for the 2004 BMW 5 series, I'm thinking about it myself. It's a bit too early to make an informed decision about it. You may check the following sites for pics and info:

    http://www.bmw545.com
    http://www.bmwclub.org.hk/news/0020.htm
    http://www.bmwfan-hp.de/e60-02.php
    http://gogogogo.netfirms.com/BMW.html

    AS for the 2003 BMW530, I guess Summer would be the best time to get a bargain price as the new model approaches the market, but your colors/options choices would be rather limited to what the dealers have in their lots. The best thing to do is to e-mail several dealers, even outside your area, compare prices and then have them compete for your deal!

    Good luck!
    Tony
  • john888john888 Posts: 15
    Hey guys! I was offered the following by BMW dealer in New York City(Queens) area:

    2003 BMW 530, Auto, PP, Cold Weather Package, 10/k/yr, Silver, Bk Leather(good color combo?) for $544.54/month for 36 month, + upfront$3330.46($550 sec., $525 bank, $1710.92 tax(@8.5%))(Saleslady told me monet factor was .0015, $1800 of MSRP)

    No money down on this deal above.
    (Which is better: to pay money down or not, if I have $2-4k to put down?)

    I would like Xenon and 12k in deal(how much more per/month should it be?)

    Anyone with similar lease deals on 530 lately in NYC area? If so, would appreciate input and referral to your dealer and salesman if it was good deal! Tks.

    What do you think of this? Tks.
    p.s. By the way, It's 6 am Sunday 3/9, I can't sleep thinking about this. My 1st BMW!
  • john888john888 Posts: 15
    I see you guys post some info on something call"multi-deposit" what is it?(somekind of down payment plan?) Does it or can it apply to my deal below:

    Hey guys! I was offered the following by BMW dealer in New York City(Queens) area:

    2003 BMW 530, Auto, PP, Cold Weather Package, 10/k/yr, Silver, Bk Leather(good color combo?) for $544.54/month for 36 month, + upfront$3330.46($550 sec., $525 bank, $1710.92 tax(@8.5%))(Saleslady told me monet factor was .0015, $1800 of MSRP)

    No money down on this deal above.
    (Which is better: to pay money down or not, if I have $2-4k to put down?)

    I would like Xenon and 12k in deal(how much more per/month should it be?)

    Anyone with similar lease deals on 530 lately in NYC area? If so, would appreciate input and referral to your dealer and salesman if it was good deal! Tks.

    What do you think of this? Tks.
    p.s. By the way, It's 6 am Sunday 3/9, I can't sleep thinking about this. My 1st BMW!
  • awd2003awd2003 Posts: 33
    I leased a 2003 530i with Auto, sport, premium,xenon and cold pkg. 39mth/12k. I put down 4500 in refundable security. I had to pay $800 in fees.
    This includes 1st month. We don't prepay sales tax in CT. My monthly is $499 which includes sales tax. Hope this helps. I got jet black with black leather.
  • blueox2blueox2 Posts: 19
    It sounds like you got a pretty sweet deal but can you give us additional details? What was the price of the car, the money factor, and the residual? Also, $4500 in refundable security deposit sounds steep. Is that standard? Finally, how did you get this deal? Did you negotiate vehicle price first and then discuss lease terms based on that or did the dealer come out and offer you the $499 payment with the terms you describe?

    Thanks, BlueOx
  • john888john888 Posts: 15
    Sounds great, which dealer? salesman? I gotta contact them. Tks.
  • athorpeathorpe Posts: 8
    sorry...this is a duplicate from general 5-series board
    _________________

    Looking for some input on price for the E60.

    I'm at the top of the local dealer's list for the 2004 5-series and they are about to start taking deposits. They are telling me price will be MSRP flat. This is clearly a big number, and clearly higher than the general price talk on this board for all types of 5-series - in particular it sounds like new 530s range from invoice +$1500-2000 these days, which is probably MSRP minus ~$1.5-2k I think.

    A new model, being first on the list, etc clearly means I'm going to go to the cleaners on this one. Question for the group is whether MSRP strikes you as crazy/obscene/unjustified or just plain high/silly/self-indulgent (which it clearly is)? Is MSRP normal for new BMW models? (I suppose I should check the 7-board as well, does anyone have data on that?). I know all of this depends on 32 factors which someone will be nice enough to detail for me, but what I'm really interested in is the sanity check from those of you more knowledgeable than I.

    For what its worth, I'm probably going to get a 545i auto (yes, heresy I know - wife + commute = auto unfortunately).

    Thanks for your input.
  • sel3sel3 Posts: 33
    Picked-up my new 525i in Belgium on the 10th and drove to Germany. These cars are really born to run on the autobahn! It will go the east coast in April and I will drive it to Arizona in May. The drive across the USA will not be nearly as much fun!

    2003 525i (Auto)
    Premium Package
    PDC
    Sun Shade System(For Arizona)
    Rear side airbags
    Stateside Delivery
    $36,600

    No customs, state sales tax, or other fees.

    Happy motoring!

    SEL3
  • 1violinist1violinist Posts: 338
    athorpe:

    1) If you're not in a big hurry to get the car, waiting 6 months might save you $2k
    2) Waiting will also help you find out what other owners think of the car, and if there's any glitch in the new design
    3) Have you considered European Delivery? It may save you $2-3k.

    By the way, what's the MSRP on the 545iA?

    Good luck!
    Tony
  • athorpeathorpe Posts: 8
    Tony - Thanks for the thoughts. I'm leaning towards just taking the plunge and maybe trying to go ED (a good thought) to mentally feel less guilty about it. I'm not sure what the msrp will be on the car yet, not sure dealer knows either.
  • awd2003awd2003 Posts: 33
    I bought my car at BMW of North Haven, CT. I leased this car because BMW had good rates at the time. I told the salesman I would lease for the best time which happens to be 39 months. I have always put down refundable security deposits because I can save at least 50 bucks a month. I ordered the car in November and got it February.
    I hope this helps.
    Steptronic,Sport,Cold,Xenon and Premium. Black/Black
    If you need more info write back and I'll post my email address
  • blueox2blueox2 Posts: 19
    Habitat 1 in post #5849 (March 8, 2003) of the general "5-series" discussion spoke knowledgably of ED invoice prices (including specific options). Does anyone know where on the net I can get this information? I am strongly considering ED of a 530i, 5spd, SP, PP, prem sound, fold-down seats, CWP but want to be well-armed with the European invoice price when I approach my local dealer. Thank you all for help. (I posted this question to the 5-series board as well so my apologies to those reading this for the second time.)
  • Karen_CMKaren_CM Posts: 5,023
    Have you checked out this discussion? You may find some valuable info there.

    BMW Owners: European Delivery

    Community Manager If you have any questions or concerns about the Forums, send me an email, karen@edmunds.com, or click on my screen name to send a personal message.

  • dliptakdliptak Posts: 4
    Got paperwork from dealer in hand and have two decide if this is a good deal. Had done all negotions and then they added $725 acquistion fee to negotiated gross cap. cost and said it was standard for all leases. They also added 297 Doc Fee. Are these legit? MSRP was 49970 reduced to 47250. This was 1500 over invoice (including 695 destination charge). 3 year lease 36k miles, 61% residual; .0015 mf; 750 refundable deposit; $603.62 monthly payment + taxes residual 30481.7 61% Car has xenon, sp, pp, navigation, automatic. Please let me know your thoughts if this is a good deal. Thanks
  • 1violinist1violinist Posts: 338
    dliptak,

    I'm not well versed with leasing terms, but the numbers sound 'inflated' quite a bit. $297 doc fee is outrageous. CA is one of the most expensive states and we only pay $45 doc fee!

    I don't think it's a fair deal!
    Tony
  • sjmurray2sjmurray2 Posts: 65
    Military guy here, no financial background and can barely balance a checkbook! Is there a good website or reference on how to calculate a lease payment on a car? I'm looking for a good EXCEL spreadsheet where I can plug all these numbers in! What is this money factor? my dealer says it's 225? I'm seeing .015 on this board. Thanks, Scott
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