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Buying a used 5 Series

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  • I've been looking for a 2007 525i and came across a 2008 535i that looks great, it is fully loaded but it has 62K miles on it. The deal is very good, I got the dealer to come down to almost 2K less than what the BMW dealer wants for the 2007, I can get it for 30K OTD
    Do you guys think it is no big deal, the high mileage? I know these engines run for a very long time, but what would you look for in order to make sure it is ok?

    Thanks,

    Alfonso
  • It sure seems like a great deal. Be sure to set aside some emergency funds for the remote chance the turbos need replacement. The history of this engine (with turbos) is unproven to say the least. And do find out if the high pressure fuel pump replacement warranty extended by BMW covers a new owner as well. It should but it is worth confirming from BMW. These are the only two suspect areas I can think of. I am sure others with more experience here will also chime in.
  • sounds like a pretty good deal. i have a 2008 535xi with 46000 (original mfg warranty) and about to trade it in for 2010 model. dealer is offering $34k for trade-in. so i think you're getting fair offer. i guess it also depends on how loaded the vehicle is. what options are on the vehicle?
  • This one has premium package, sport package, steptronic transmission, navigation, active steering (boo), rear sunshades, fold-down rear seats. They're asking $41,993 but have come down to $40,597 so far. Hoping to get them down to $38,500.

    Thoughts? Only thing that seems weird is that it might have been a loaner for its first 12.5K miles, but it seems a bit too well-equipped for that.
  • I'm struggling with a replacement for my trusty 2001 S60. Looked at the 06 325xi, but I just don't want the RFT problem. So I found a nice looking 2004 530i, with only 25k miles, for $22,900. Car looks great, and seems to have i-drive, which worries me a bit. They also have a 2004 325xi with 54k miles, for $15,900. I like the room in the 530, but the RWD in winter concerns me here in MA, as I have a steep driveway.

    How much lower in price do you think they'll go?
  • gardisgardis Posts: 185
    A dealer in Bridgeport Ct had a 2008 535i last December with 27K miles on the clock. They started off at $41,900, and then came down to $38,900. The vehicle sat there a good three months.I'm sure they had to let it go for less. Vehicle was impeccable. I was skeptical of the turbos, so I passed on it. It had premium, sports and cold. Hope that helps.
  • A car dealer (non-bmw) has a 2000 528i sport with 82K miles for $13K. A true sport package with heated seats, 10-way driver's seat, BBS rims and etc. Also, two-owner vehicle. Is that a good price?
  • qbrozenqbrozen Posts: 16,907
    Terrible price. At least here in the Northeast. That's about double its trade-in value. If it were me buying it, $8500 would be fair, and $9k would be the moon for a nice one.

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

  • Thanks for the info. Also, found out that it needs a new battery and the headlight clear shields need to be cleaned up. Will talk about getting these items taken care of while discussing price. Also, this type of vehicle is rare in this neck of the woods...also checked with Autotrader.com and this roughly the going rate for this type of vehicle. Will keep you posted... :D
  • qbrozenqbrozen Posts: 16,907
    also checked with Autotrader.com and this roughly the going rate for this type of vehicle.

    Asking prices do not dictate "the going rate," however. Asking prices are just that, and what is actually acceptable as a sale price is something tougher to judge by scanning ads.

    By the by, just for comparison, I checked autotrader within 100 miles of my central NJ location. The most expensive 2000 528i is $11,995, and that one only has 71k miles. There are quite a few in the $8k-$9k range. Maybe you should check surrounding areas and be willing to drive a couple hundred miles.

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

  • Hello bmw forum,
    I have the opportunity to buy a 1988 bmw 5 series with some sensor problems and a salvage title. The car was driven by a senior person and was well cared for, but the salvage title bothers me. Is anyone has an idea of the value of this car and the cost to fix the check engine sensor? Please respond as I have to close the deal today ASAP! Thank you.
  • Hi - we can't guarantee instant answers, but I suspect most people are going to advise you against buying an older, salvage title vehicle, unless it's super-cheap and comes with a stash of gold in the glovebox to help pay for the ongoing maintenance. For value, you might check our Real World Trade-In Values discussion - if you provide details about the vehicle, someone might be able to help you. Why the rush to buy it today?

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

  • qbrozenqbrozen Posts: 16,907
    If it is a V8, I wouldn't buy it at all.
    If it is a 525, I might consider it depending on its current condition and miles.
    check engine light could be any number of things. If the O2 sensor is more than 2 years old, I would bet that is the culprit.

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

  • roadburnerroadburner Posts: 6,023
    If it's a US spec 5er it would be an E28, which only came with the 2.8L M20 small six(528e) or the 3.5L M30 big six(535i). I'd want to know what fault triggered the CEL.

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

  • qbrozenqbrozen Posts: 16,907
    Ah, you are right.
    In that case, I'd be interested in either, although the 2.7 (not 2.8) would be of much less interest in stock form.

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

  • Hi All,
    I am about to pull the trigger on a 07 550 CPO with 8K miles. Wanted to ask if it is worth buying the Wheelguard tire and rim warranty. The dealer is quoting $1500 for the tire and rim and $2400 for extended maintenance program. I think I will pass on the maintenance but am seriously considering the tire warranty.

    Please advise
  • How long is left on the original maintenance plan, and how many miles/yr do you plan on driving?

    I'd be more likely to buy the maintenance plan, if I was getting full use of it... Doubt I'd pay for the tire/rim warranty, though...

    Probably wouldn't get either one... :)

    Moderator - Prices Paid, Lease Questions, SUVs

  • The tire and rim plan is for 5 years. The maintenance plan extends to 100k or 6 years from in service date so I will get up to 11/12. Do you feel I will get full use as the vehicle has only 8.5k mile on it? Thanks for your advise...
  • You'll have maintenance included for the rest of the original plan, which is one more year... So, the extended maintenance will only kick in for the two years after that...

    If you are your typical 12K-15K per year driver, then you won't even make it to the 60K mile inspection II..., by the end of the extended maintenance plan..

    Given that, I vote for doing neither... Maintenance (and warranty) is free for the next year... Stick that $3900 in the bank and use it for a maintenance/repair/tire fund...

    This car isn't CPO, is it? With the extended warranty?

    Moderator - Prices Paid, Lease Questions, SUVs

  • Yes it is CPO with the two year 60K miles extended warranty. Got the car today without any warranty. Thank you for your help!!
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