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BMW 7-Series Prices Paid and Buying Experience

lee_wlee_w Posts: 239
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  • am literally days away from purchasing a 2004 745Li. dealer is basically offering the car at about 2-3k above the edmunds invoice. 'reduced' price is supposed to factor in the fact that 2005 model is coming out. does anyone have a view as to whether this sounds reasonable? thanks.
  • rroyce10rroyce10 Posts: 9,359
    ...... The new body style "7's" have certainly had their problems getting out of the starting blocks ..

                   Depending on where you live, you should be able to find a dealer that will drop-kick one of these dudes for "around" $1,500/$2,000 over invoice, the 05's are coming and nobody is beating down the doors to own a new one .......... yawn.

                             Terry.
  • jmcmusicjmcmusic Posts: 27
    That seems like a pretty good deal. Cars Direct is offering $3200 over invoice. Of course, tell em 2K over invoice and hold firm. Personally, the 7 is finally starting to grow on me (exterior at least). Inside should at least have a decent Steptronic shifter as in the new 5. I see lots of these cars here in Southern California and I believe sales are still up over the last year of the last generation. So whatever people say or think, it is a successful automobile. Just playing devils advocate here. Good luck!
  • Thanks guys, for the feedback. 1500-2k over invoice sounds good to me! hopefully, they'll have sorted out most of this cars internal problems by now...
  • Just play the waiting game. If they know you are qualified or approved for financing, you may be able to go to 1K over. This is the slow season. 1K is better than "0 zero"K. Let them do that loan app and then just wait. They will call you every day until you buy.
         I have gotten my salesman down to 1,500 over and still holding..... "Maggot" is what they call customers like that. But, who cares.
  • wabendswabends Posts: 102
    We are in the market for a 2003 745 that we are considering. We currently have these two offers and I will appreciate any comments that members of this forum have before making our final decision.

     

    Car 1: 2003 754i; Orient Blue / Gray Leather. 23k miles. Navigation. Luxury pkg. Shades. Comfort front seats & heated rear seats. Heated steering wheel. Computer. Xenon lights w/ washers. Premium sound pkg. 19” Alloys. Non-BMW dealership, no CPO. Asking price is $57,995.

     

    Car 2: 2003 745i; 34K miles. black/gray interior. Luxury seating package; premium sound pkg; convenience pkg. parktronic. BMW CPO. Asking price is $56700.

     

    Which of these two will be a better deal?
  • kyfdxkyfdx Posts: 29,856
    Try posting your message here:

     

    mikefm58, "Real-World Trade-In Values" #24200, 8 Jan 2005 2:54 pm

     

    Terry will give you an idea of what he thinks of the prices.... He has a lot of experience with BMWs...

     

    regards,

    kyfdx

     

    P.S.: The title of your post says 745Li.. But, in the body, you describe them as 745i.. Be sure to make it clear which they are in your post..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • wabendswabends Posts: 102
    Thanks for the lead. I have posted the message for Terry's response.

     

    Wabends
  • cjsotcjsot Posts: 8
    745i

    zcv conv. pkg

    luxury seat

    prem sound

    rear entertainment pkg

    heated steering wheel

    19" wheels

    rear sunshade

    dark wood trim

    sat radio prep

     

    $75000 ???? msrp 81220

     

    Does this sound like a good deal??

     

    Thanks in advance.
  • brm49brm49 Posts: 2
    In advance I'm sorry for length of msg, but just trying to provide background:

    We're very close to buying a 2001 740i Sport, 59K miles...to the best of my research, it appears to be clean title, 1-owner CA car, very good mech shape, etc. We would be buying it from a small wholsale operation that does have a very good reputation for both their sales and servicing of "high-end" German cars.

    Now I'm finding out that hardly any ext wty company will do biz in CA...a couple will, but not many. Extended wty through dealer is underwritten by Assurant (they do the BMW CPOs) and will cost $4000 for 36mo/36k miles, $100 deductible. Coverage looks pretty comprehensive, and "clause #12" on their T&C's basically states any part NOT on exclusion list IS covered.

    We've never had a BMW before, so we're wondering if we should just save the $4K and use down the road for possible repairs, or do we just go ahead and buy the Assuant wty.

    Appreciate any advice/experiences/opinions/info....thank you!
  • kyfdxkyfdx Posts: 29,856
    I'm not going to be very helpful here, but....

    If you are buying a car that requires a $4000 warranty, you are just asking for trouble.. I'm not saying that a 740i doesn't require a warranty (it definitely does), but the price should be a tipoff that you won't have a really happy experience with that car..

    3rd party warranty companies are always iffy.. Call around and see if you can find a repair shop that will honor that warranty, before you buy..

    Or, look for an '02 at a BMW dealership that is CPO.. and has at least 3 years of warranty left.. BMW backs their own warranties.. I doubt this company has anything to do with them..

    Sorry I don't have better news or advice.. I know this isn't the answer you were looking for..

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • brm49brm49 Posts: 2
    kyfdx-
    Thanks for the input. I agree $4k is pretty much rape, but, if you're unfamiliar with the situation in CA right now vis-a-vis auto extended warranties, then let me just sum it up by saying as of July 1, 2004, It Sucks.

    Very few, and I mean hardly ANY companies will sell individual policies in CA due to the taxes and surcharges that the CA insurance commissioner imposed. The few that do get away with it do so by selling only online, therefore they are able to say the policy was sold in, say, Ohio. The "good" news with these couple companies is the wty is in the $2500 range for 48mo/48k...but the bad news is it's just major components and not a more comprehensive "bumper-to-bumper."

    I have checked up on Assurant...they are insured and reinsured. They are the company that underwrites and administers the CPO wty's for BMW, among others...at least according to WarrantyWeek. http://www.warrantyweek.com/archive/ww20041214.html

    I wish I could follow your advice to buy an '02, but right now they're too expensive (for me), plus I do prefer the looks of the '01. Another option is to buy an '01 from a dealer with a CPO, but most BMW dealers are so full of crap. They push CPO as a "6yr/100k" wty, when it's nothing of the sort. It's really a 2yr/50k once the original 4yr/50k expires (which is this year if not already), and although it only costs them in the neighbord of $1600-$1800 to CPO a car, they run their line of b.s. telling you that makes the car worth the add'l $2-$5K they tack on.

    Obviously, my options are limited so ultimately I have to bite the bullet one way or the other. I either have to deal with a BMW dealer and pay considerably more, pay $4K for 3rd party wty, pay less for less coverage on wty, or don't buy wty and keep reserve fund for repairs. None are great choices, but it's a damn fine car, so NOT buying just aint an option!

    Thanks again.
  • kyfdxkyfdx Posts: 29,856
    If my only two choices are:

    1) Buy the car, keep $4K in the bank for repairs.

    2) Buy the car, pay $4K for an extended warranty.

    I'll pick #1... Just don't take money out of that fund for maintenance and wear/tear items..

    And, once the fund is exhausted, it is time to sell the car.

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • poppi68poppi68 Posts: 3
    Luxury seating, premium sound distance control 35K miles....all for
    $52,500!

    I included some bumper-to-bumper maintenance (in addition to the regular 6 yr 100K mile warranty!
  • mitch5mitch5 Posts: 5
    Purchased new 745Li for 3k over Invoice. Appx $4.5k off. New 2006 coming out but new money rate will add almost 2% interest rate to lease cost so 2005 attactive even with smaller engine and no Bluetooth.
  • Interest rate on a lease SHOULD BE more attractive by the time the 2006's begin arriving around June 1st. First deliveries will obviously go to dealers as displays and were ordered quite some time ago. You're right about the difference in pricing, about 2%. I ordered a 2006 with the hopes that the 2005s will be gone for all practical purposes and BMW will make the 2006 rate more market friendly.
  • hprotzmnhprotzmn Posts: 1
    Looking at 95 740iL from local owner. Have all of his service records from same service place as I use. Car has high mileage 255k. Clean in and out. asking $7500. What should I be thinking?
  • 92735i92735i Posts: 25
    You should be thinking....

    how much disposable cash do you have to pay for the obvious repairs/replacements in a 255k mile car?

    Ball joints/tie rods/ struts
    a/c compressor/evaporator
    fuel pumps
    radiator
    misc electronic bugs

    Then take that number and add it to the $7500 to determine the true price.

    Then add to that the time taking it to your mechanic, not having the car, aggravation...

    and come to your senses.

    The issue isn't how many miles that car has, the issue is how many miles does that car have left before major repairs are required. Not many from my personal experience. :sick:
  • mevandemevande Posts: 190
    That year could be trouble. Do the records show that BMW changed the engine out (short block) for they had significant problems due to some gas formulations (its what BMW's line was when 1995 engines started having trouble. I had a 1995 740i, BMW certified and they just changed the engine. Car ran great (bought in 1996) until totaled by a DUI in 2000. I bought a 1999 740i w/ only 18k on it and I "stole" the car re: the deal. I still have it and it runs as if brand new. I would stay away from the 1995 at "any price".

    Mike V :lemon:
  • vtranvtran Posts: 3
    How about $89,000.00 for an almost fully loaded 760li. The only option missing is the Active Cruise Control. The car only have 55 miles, never been regrister, Black Saphire ext/ Charcoal intereior. ( extra options included cooler, rear side airbags, parking sensor, Logicn 7 sound system, power trunk and Sirus radio)
    I also paid $3,000.00 for 6 years /100k miles service repairs warranty. Does any body have any commen on the price.

    My wife would prefer a tan or brown interior, We though at this price we will accept the color for a couple of years.
  • kyfdxkyfdx Posts: 29,856
    Doesn't that car have an MSRP around $115K?

    I know they are hard to sell, but I wonder why it would sit around for over a year?

    I have no idea if that is a good price or not... though...

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  • vtranvtran Posts: 3
    MSRP is approx., $123,000.00.

    It is a beautiful car and people just turn head glances at the car when ever I am cruising on the road or come to a stop side. ( I do not thing they glances at me though).

    I get people want this type of vehicle, they must demand the car shall be fully loaded with all options. My car just did not have the active cruise control feature. I previously owned a LS430 with Cruise tronic feature which I only used once or twice.
  • kyfdxkyfdx Posts: 29,856
    Well... obviously you did a lot better than if you paid for it new, last year.. ;)

    I'm sure the 760Li depreciates like a rock... If you buy a new '05, the residual on the lease after 3yr/45K is only 50%..

    The fact that you've bypassed over half of that depreciation is a great thing... I think the only thing you could compare it to, would be a low mileage used '04... Again, I have no idea what the market is on those.... I doubt they sell more than 40-50 of these every month nationwide (WAG there).

    I think you have the right color for a monster 4-door like that, though... I wouldn't worry about the active cruise control... just keep your eyes open..

    regards,
    kyfdx

    PS.. If it makes you feel better, my 11-year-old son thinks that is the coolest car ever made... :P

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  • rroyce10rroyce10 Posts: 9,359
    .. ** Does any body have any comment on the price ** .....

    Lets put it this way .. the dealer probably lost a few grand just to dump this beauty, so at least you got a great deal that way ...

    They - are - coooold .. and their value's drops faster than dropping an anvil in Jupiter ...... so I'm sure you'll be driving this one for a looooong time ......



    Terry :D
  • virtualbmwvirtualbmw Posts: 86
    you flat stole the car......according to the manheim report, they could have gotten that much for it at the right BMW auction. Was this an outright purchase? What dealer was it? Are they still open?
  • rroyce10rroyce10 Posts: 9,359
    ... **according to the manheim report they could have gotten that much for it at the right BMW auction** ....

    Which one might that be .. the one in outer Mongolia or the one on Mars.?

    These things are colder than 15 day old ripe banana's ......

    06/15/2005 MANHEIM $ 81,250 4,378 2 BLKSAPPH 12G A X NE
    05/11/2005 BAY CITI $ 79,000 4,745 BLKSAPHR 12G A X WC
    05/19/2005 NEVADA $ 84,000 6,687 TITANIUM 12G A X WC
    05/11/2005 BAY CITI $ 78,000 6,754 ORINTBLU 12G A X WC
    06/15/2005 MANHEIM $ 79,750 7,060 2 TITANIUM 12G A X NE
    06/15/2005 MANHEIM $ 80,250 10,683 2 ORIENBLU 12G A X NE


    You can bet the dealers are "at least" $1,500 back of that on the trades ..... nothing like having a $115,000 MSRP and having it be worth $35,000 in less than 24hrs -- that would definately make my day ..l.o.l.......



    Terry ;)
  • virtualbmwvirtualbmw Posts: 86
    MSRP is actually about 123. There are no 50 mile cars on this report or any other planet. Plus, these on the auction report could be disclosure cars or have recon issues like tires, etc....... He bought a showroom car for about 20 grand back of invoice. That was a helluva buy.
  • rroyce10rroyce10 Posts: 9,359
    ....... The guy got a great deal, a super deal.! .... but lets be honest, 760's aren't burning down any barn yards right now and most Bimmer dealers will drop-kick one off his lot faster then the second coming of Jesus ..l.o.l...

    **Plus, these on the auction report could be disclosure cars or have recon issues like tires, etc......**

    Nope, just trade-in's ... if you've ever been to an auction, especially the "big" Manheim - these things glow in the dark and are cleaner than the Board of Health and twice as sanitary - and need -0- .......



    Terry ;)
  • virtualbmwvirtualbmw Posts: 86
    This is probably going nowhere but first of all there are only four 760Li's in inventory in the entire nation right now and the car is not intended to "burn down barn yards". It's for a very select clientele that don't have the same buying concerns as the mainstream buyer. We've sold three of them here in the last month.......all at MSRP. There's no "drop-kicking" going on and I don't really understand how you would have any knowledge whatsoever on the subject.

    Second, I've have bought and consistently monitor BMW's at Manheim Auctions (the closed kind that only BMW dealers can participate in). There are not "just trade-ins" at manheim sales and a lot of the 7's have disclosures. There's no such thing as one that needs zero.
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