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Buying a used 5 Series

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  • gardisgardis Posts: 185
    Roadburner
    What do you think of this deal: 2007 530i, 18K miles, car went into service APR08, warranty runs to Apr 2014. First they were asking $39,900, now drpped to $36,900.
    I want to offer OTD $34,000, tops. Car is pristine looking, haven't test driven. I want to get a commitment from them first we're in the ballpark. One owner, traded the vehicle in for a 7 series. I like a good solid car, I keep them like 9 years, so I figure this car isn't going to cost me a dime until 2014 outside of purchase.
    I hear the 5 series is a top rated model, is that correct? I'm torn over this or the Lexus RX, but Lexus doesn't make my heart beat like a BMW, currently driving a 96 328i with 105K miles. Also purchased in the CPO program, have had good results with it.

    Any advice from a pro is appreciated!
    Gardis in CT
  • roadburnerroadburner Posts: 6,016
    I'm hardly a pro, but I'l give it my best shot... ;)

    The price doesn't sound bad, but why not ask over at "Real-World Trade-In Values" over on the "Smart Shoppers" board? You might also go to the BMW USA site and do a CPO search for similar cars.
    Note that the free service ends at 4 years/50000 miles. That said, my dealer charged less than $400 for the Inspection II(@60000 mile) service. If you plan to keep the car I'd change the oil every 7500 miles and change transmission and final drive oil at 50000 miles. I don't know how long brakes last on the E60 5ers, but you will probably have to replace them at least once. Still, when all's said and done service costs should average @$60-$70 per month over the 9-10 years you own the car.

    2009 328i / 2004 X3 2.5/ 1995 318ti Club Sport/ 1975 2002A/ 2007 Mazdaspeed 3/ 1999 Wrangler/ 1996 Speed Triple Challenge Cup Replica

  • Can anyone offer some guidance on prices paid for CPO v's prices originally listed by dealer. With new cars its seems a little easier to guage the market. For CPO's I was curious on any insights in negotiating with a dealer. I'm looking at a 5 series BMW sedan (say 525 or 528), probably 2007 year model with low mileage.
    Thanks
  • jayriderjayrider Posts: 3,195
    Check the prices on ebay, cars.com,autotrader etc. You can search for your model/year and check the lowest asking prices for cpo units. There are a few deals but you may have to travel to get them. Most used bmw postings are are way too high but if you look carefully you can find a few reasonable offerings. You might use that as leverage with a local dealer --- depends on how they read you and the market as to success. Found several bmw cpo 530i 's under 20k miles --low $30's.
  • gardisgardis Posts: 185
    Guys,
    has there been any technical issues with navigation? Im looking at a CPO 2007 530i (29K miles) that has nav, and all the packages (sports, premium, cold, and one more can't remember) car is beautiful asking $34,900 for it, with negotation some wiggle room. I just want to be sure I'm not looking for a problem with the navigation which I don't even care about, but the vehicle has it. Car is really loaded, would hate to pass it up.

    Also another one 2007 530xi, 18K miles, warranty expires Apr 2014. Asking $36,900 dealer won't budge. That's another 2 grand, but warranty goes longer. Am torn, don't know what to do. I'm leaning toward the $34,900 one, has more. Dealer says his 530xi is competitive in price. I could care less about all wheel drive.
    That extended warranty is tempting however.

    Any advice?
  • jayriderjayrider Posts: 3,195
    Why worry about possible navigation problems until the warranty runs out at which time if it acts up [very unlikely] you don't need to use it. Spend a few bucks on a garmin and keep the mb one turned off. The car will run just fine without it.
    Gardis, if I was in your neighborhood I'd stop by tomorrow on new years eve and take you by the ear down to the dealer with an offer sign with $31,000 written on it and sit you in the sales managers office. Oh yeah, with tape over your mouth. I'd come back in an hour and drive you home, unless you got the car. What have you got to lose? If they don't come down on the price 1-2k I'd be real surprised -- maybe more as you walk out the door. All this assumes you have the cash or are pre-approved on a loan to afford the car in the first place.
  • gardisgardis Posts: 185
    Jayrider,
    LOL! You are quite right. I have to drive the car first, though. I am going to get that same deal, no matter when I walk in there, I can guarantee you that. The other guy was being hard nosed. Don't worry, right after the New Year, things are going to be DEAD, and they will be just as happy to see my smiling face walk in there. I doubt they would come down to $31K, really doubt that.
  • jayriderjayrider Posts: 3,195
    Local dealer has an ad for cpo units:
    07 525i 22k cold weath- leather- sr- $28988
    06 525xi-47k-cold-prem-sr 31988

    Are these decent prices?
  • "Local dealer has an ad for cpo units:
    07 525i 22k cold weath- leather- sr- $28988
    06 525xi-47k-cold-prem-sr 31988"

    These seem high. I just purchased:
    '06 530xi 46K, cold, leather, sport, manual for $23K

    This is non-CPO form an independent BMW repair/sales shop.
  • gardisgardis Posts: 185

    Re Cherryhillo vehicle:
    Does that vehicle still have warranty coverage even though it wasn't certified? I believe the answer has to be yes. If it's a 2006, it probably went into service in the end of 2005, so that would mean the 6 year warranty (100K) would last until sometime in late 2011.

    Do you have warranty coverage cherryhillo? The models I'm looking at are all 2007,. but the 2006 530's are running in the low to mid $30K range price wise I think, all CPO. This is up in Fairfield County, CT. You know, Darien CT, one of the highest income towns in the USA...........why would they need to make a deal I suppose with all those high income people.

    Congratulations Cherryhillo, hope you have many years of good service from the vehicle. I wish I had the guts to pull the trigger on one I'm eyeballing.
  • The vehicle in service was 9/05 and only has the 4 year/50K mile BMW warranty on it. I separately purchased a 5 year/unlimited service warranty for $1,500. I have never purchased a third party warranty before, so we'll see how it goes.

    I live in Northern NJ and purchased in Eastern PA. When I looked at dealerships at the end of December, they seemed to be selling 5 series well with the 0.9% and two months payments. Now that promotion is over, you should be able to see more '06's coming off lease soon and some inventory increase again.

    Good luck with your search!
  • gardisgardis Posts: 185
    Hello Guys,
    Have a question for you.
    I'm looking at a beautiful 2007 530i, black/black, sports, premium, cold pkgs, premium sound, climate, and Nav. They're asking 34900 with 28K miles on it.

    My question is: the vehicle had after -market tinting to the windows that makes the vehicle look like a pimpmobile, what with all the black. The dealer told me that the tinting could be removed no problem, and made it sound like they would do it no cost to me.

    My question is does anyone know if the tinting process can be reversed with no noticeable effect on the windows? What is it that actually tints those windows? I wouldn't want to destroy the windows or the glass by removing the tinting.

    Anyone have any experience with this? Thanks.
  • chintchint Posts: 30
    I lived in the south east and west and I always had all my cars tinted .
    Tinting is actually good , not sure why you dont like it

    With that being said , tinting can always be removed and it is very simple

    I am also looking at a 07 530 and it has 16 K miles .The options I believe are Prem Pkg , Sirius Satellite , Xeno lights .The final negotiated price is 30.5 K

    Any thoughts if it is a good deal
  • gardisgardis Posts: 185
    Wow that sounds like a good deal. Mine has more pkgs though, than yours, plus NAV, price is $34,900 before negotiation. I'm getting pre approved for a small loan now. Will let you know how much the interest rate is. Most of them have the premium pkg, the extra pkgs are sports and cold weather. I"m getting more vehicle for the money, but also more miles.
  • blhblh Posts: 18
    Hi Guys,

    I'm willing to wait till the spring for a good deal.

    In northern MA looking at several 2006 5 series XI's comming off lease hope to get one with 30,000 mile of less. Right now running 34,000 to 30,000 a few at 28K and 27K.

    Service question has anyone used Schneller BMW in Newbury MA ?
  • emedwayemedway Posts: 17
    Check out http://www.dealerrater.com/

    It's a good source of consumer feedback on dealers. Throw out the extreme negatives and positives, then you'll get a good picture of how your dealer stacks up against others in your area.

    Good luck
  • moymoy Posts: 7
    I have been leaning towards buying a 2007 525i with the premium package for just under 30K, but I am wondering if this will be a good swap for me. I currently drive a 2002 Nissan Maxima and am wondering if the 525i will seem too slow for me? The Maxima is rated at 255HP while the 525i is rated at 215? Should I try and look at a 530i instead? Any thoughts would be appreciated.
  • jayriderjayrider Posts: 3,195
    Why not put that $30000 toward a brand new fully warranted 09 Maxima?
  • moymoy Posts: 7
    I was considering that too, but wanted to move up to a BMW. Basically, I am thinking I can get a 2007 CPO BMW 5 series for under the cost of a brand new Maxima with all the options. Don't get me wrong, I love my Max, but have really wanted to trade-up and drive a BMW. All my relatives have them and swear by them, so I thought it would be time to drive one for awhile myself. The only issue would be the power. I still get very good power from my Max and don't want to sacrifice that going to a 525i.
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,881
    For a couple of thousand difference, I'd get the 530.. It has 255-260 hp, I think..

    Plus, there are probably a lot more of them to choose from...

    Moderator - Prices Paid, Lease Questions, SUVs

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