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

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  • Hi i found a dealer with a 2002 bmw 530i with 28,000miles, cold premium, sport package, and premium sound, rest standard options with certified asking for $33,900.

    What is a good price for this? i checked edmunds.com, which listed around $31,500 for it certifed.

    What is a fair value? i lived in CT.
  • Hi Kyfdx (or any other gurus),
    The dealer does not have the car I am looking for. My question is that if I order a car now and have it delivered in 8 weeks, does this car count as a sale for this month or as a sale at the time of delivery? I understand the best time to buy a car is around Xmas, so should I order the car now or wait until Xmas to order? What is the best time to order a new car? Please help, Thanks very much!
  • milkenmilken Posts: 10
    Kyfdx -
    My one question...Is the excess mileage charge negotiable or is it set in stone by BMW finance? Is it too overpresumptuous to assume that you could negotiate the excess mileage down to around the price per mile at which the car depreciates (530i is about $0.10 per mile, give or take), lease a car on a low mileage lease and simply pay the difference at the end of the lease (assuming you are good at saving) thus delaying the monetization of a portion of your payments for 3 years?.. thanks
  • bdr127bdr127 Posts: 950
    The per mileage charge is set by BMWFS and isn't negotiable....
  • kyfdxkyfdx Posts: 28,743
    Yeah.. what he said..

    You can buy miles cheaper upfront (rolled into the lease payment), than paying for them at the end of the lease... but, if you don't use them all, then it won't save you any money...

    In general.... Most BMW leases are prohibitively expensive if you drive over 15K mi./yr.. YMMV (literally)

    regards,
    kyfdx
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  • Hi -

    What are the October MF's?

    Also I'm looking for a 2006 525i with auto and Premium Pkg. I am in Southern California. What should I expect to pay from invoice? Any LA or Ventura County dealers you guys would recommend?
  • kyfdxkyfdx Posts: 28,743
    '06 525i...

    3yr/45K lease

    Residual 60%

    Base Money Factor .0016

    regards,
    kyfdx
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  • this is what's offered to me
    2006 525i
    Auto
    Premium Pkg
    3 Years @ 12k per year.
    MSRP: 46470
    Sell: 44165 ($2305 under sticker)
    Residual: 62%
    Money: .00190
    Drive Off: 1911.91
    Payment:569.15 + TAX

    I mentioned to him that I want the base money factor of .0016. This is what he said...."Everything is negotiable, the base money factor is .00160 but we pay .0015 more so the actual cost of money to us is .00175. In any case we won't letthat stand in our way."

    So what does that really mean? Also, is this a good deal? Is there any more room to negotiate here? What are factors should I ask him?

    thanks!
    jason
  • ktranktran Posts: 10
    Hi,

    I am looking to purchase a 2006 530i with Prem Sound, Prem Pack, Navig, Auto STEPTRONIC, Dest with (MSRP $54,170, Invoice $49,665). Could you tell me how much over invoice I should expect for this vehicle? Any advice on dealership would be greatly appreciated.

    Thanks
  • kyfdxkyfdx Posts: 28,743
    Uh... no idea what he means by that...

    Does your upfront money include a security deposit? If not, that would bump the MF to .00175... Unless that is it, I have no clue...

    Using your numbers, I come up with $565/mo.+tax..

    @ .00175. the payment would be $554/mo. +tax
    @ .00160, the payment would be $543/mo. +tax

    His wording would make me assume they will negotiate a little more.. If you aren't making a security deposit, then just ask him for $15/mo more off the monthly price... But, I'd make the deposit, and ask them for $543/mo.+tax..

    regards,
    kyfdx
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    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • 02 530s, most with more miles than this one, are going for around $30,000, give or take a thousand or two. I bought mine in December with 45K miles for $32,950, but that didn't include a warranty because the dealer who sold it to me is not a franchise BMW dealer; he sells only used BMWs. The $33,900 ought to be negotiable, but it's definitely in the ball park. How much are you willing to spend? Make an offer; if it's too low, they'll let you know.
  • I'm debating an '01 540...fully loaded, nav, premium, sport. Immaculate. 18k miles, $30k. Private party.

    I feel the price and mileage is excellent, but my concern is the age of the car. Without an extended warranty, should I be concerned? Any thoughts appreciated.
  • I am also looking to purchase the same except with Sport Pack and no Nav. I am in No.Cal.

    I have heard that $1500 over invoice is the norm.

    How are you planning to purchase the vehicle, over the internet requesting for bids or simply going in the dealer (which I hate since it takes so long to get a deal done).
  • kyfdx -

    This is what my drive off includes......

    Bank Acquisition fee $878.75
    TAX on Bank Acquisition fee: 68.06
    Ca License Fee: 349.00
    1st Month Payment 616.10/642.15
    $1911.91/1937.96

    Here's the rest of the details again:
    2006 525i
    Auto
    Premium Pkg
    3 Years 12k per year.
    MSRP: 46470
    Sell: 44165 ($2305 under sticker)
    Residual: 62%
    Money: .00190
    Drive Off: 1911.91
    Payment:569.15 + TAX

    what do you think?
  • kyfdxkyfdx Posts: 28,743
    Couple of things... with no security deposit... the base money factor is .00175, so your salesperson was being honest about that..

    Also, the base acquisition fee is $625, with a maximum of $825.. So, you have something weird going on there..

    Also, I still get $565.xx/mo. for the way they have it structured, not $569, but that is fairly minor..

    If it were me... I'd insist on $625 for the acquisition fee and add it into the cap cost.. Then, I'd make a security deposit.. and also insist on the (now) base MF of .0016..

    This would give you a cap cost of $44,790.. and a payment of about $562/mo.+tax
    And.. should knock your drive-off number down by about $300, plus you'll get that $650 security deposit back at the end of the lease...

    regards,
    kyfdx
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  • kyfdx - thanks for the replies

    how much security deposit should I give?

    thanks!
  • kyfdx -

    I re-read your email and it answered my security deposit question? $650 right?

    thanks
  • kyfdx - few more q's?
    do they tax the acquisition fee?
    also, how important is it to pay the security deposit? What is it for? From the deal given to me - no security deposit was required......

    Thanks again!!!

    jason
  • ktranktran Posts: 10
    Thanks. I will contact a few dealers in Nov. to request for some quotes. I am hoping to get some decent Internet offers prior to going to the dealer with a firm price. I have done this before when we bought our Sienna with great success. Not sure if the BMW dealers will provide Internet pricing. We are still waiting to get the money from the insurance company for our car which was totaled in a recent accident. Please let me know what deals you are able to get in NorCal. Thanks.
  • rjorge3rjorge3 Posts: 138
    Hello gang, my brother and I are going to the BMW dealer this weekend to look at the 550i. I am would like to know if anyone in this forum (or if you know of anyone) that have purchased (not lease) it. How much and what options did it has?

    Thanks

    R
  • I live in California and am looking to buy an 06 530i. Some of the dealers through the internet are offering me a price of $1000 over invoice. Is this a good deal, or should I be able to negotiate them even lower? Will BMW dealers not even bother with me if I walk in and suggest something like $500 over invoice?

    I am brand new here, and this is my first post. I've read over the last 30 or 40 pages here, and it seems like these kind of "X over invoice" posts don't get much response. Not sure why. But if someone out there knows and would care to help ktran, low_ball, and myself out, I'd appreciate it.
  • kyfdxkyfdx Posts: 28,743
    1) The BMWFS acquisition fee is the amount of your payment, rounded up to the next $50 increment... (If payment is $619, then the security deposit would be $650)

    2) The acquisition fee is taxed in nearly every state... If you pay it upfront, it is taxed upfront... If you roll it into the lease, you pay taxes on the monthly payment..

    3) With BMWFS, you should pay the security deposit to get the lower money factor... $650 upfront saves you about $10/mo. on the payment.. then you get the $650 back at the end of the lease.. It isn't required, but you pay more in finance charges without it..

    4) Technically, the security deposit is for the same reason you make a deposit when you lease an apartment.. It is security for the lessor, that you won't take off without making required payments... Either way, it is a better deal for you to make the deposit, and get the lower money factor..

    regards,
    kyfdx
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  • kyfdxkyfdx Posts: 28,743
    $1000 over invoice sounds like a pretty great price on a 530i...

    But, be aware, that what you think is invoice, and their number may not agree... And, watch out for extra fees on top of that...

    Deals seem to change once you get to the dealership and start adding it all up...

    California is a big market with a lot of competition, but I think getting a $500 over invoice deal on a car that doesn't have any incentives attached will be difficult.

    regards,
    kyfdx
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    Prices Paid, Lease Questions, SUVs

  • hpowdershpowders Posts: 4,269
    You are right. When I made my deal for a 545i last July, It was for $1500 over invoice.
    By the time all the hidden fees were included, it was closer to $2000 over.
    But with an interest rate of only 2.4% and a monthly lease payment of $673, the deal was too good to pass up. Otherwise, I would have walked away.
  • If the hidden fees in the pricing is a norm for these dealers, I would suggest getting an out the door price when asking for an internet quote. Then you would tell them that you will be walking in with a cashier's check for that exact amount. I think this is fair and straight up unless the dealers are always looking to scam more $$ from you.
  • ktranktran Posts: 10
    Hi rainmaker2,
    Would it be possible to get the names of the dealers that have offered you the internet price of $1000 over invoice?
    Thank you in advance for your help.
  • Valencia and Santa Monica BMW, although this was about a month ago. Not sure if the offer still stands, but I'm guessing it would.

    When i do decide to purchase, I'll have to ask about all the other additional fees. I'm guessing that it will be more than $1000 over.
  • shl1shl1 Posts: 2
    $1000 over is pretty much the best price i was able to get. mostly in person and bit on the phone.
  • As you all could see they have about 9% markup on invoice price. If you could get them down to 4-5%, you got the best deal.
  • Ok - kyfdx

    I tried to follow your advise......I've made a few revisions on the car....
    2006 525i
    Auto, Premium Pkg, Xenon, NAV

    MSRP $49,070
    Selling Price $46,435
    Bank Fee $625
    Total Cap Cost $47,060

    Cap Reduction $236
    Cap tax $20.36
    License Fee $372
    1st Payment $617
    Security deposit $650
    Doc Fee $45
    Drive off $1,940

    Residual Factor 62%
    Residual Value $30,423
    Money Factor 0.00155

    Is that good?

    let me know......I am sooooooo ready!!!!

    jason
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