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I also live in new york (city) and want to purchase 530. I also want to do the Euro Delivery program. Would you mind telling me the dealership that you went to in New York which would gave you the $1450 off invoice PLUS the ED discount? That sounds like a tremendous bargain. Also, does anybody know whether or not buying the car in a state with a lower tax rate is something you can do to save money? Or does the state in which you reside (with the higher tax rate) nail you with the taxes once you re-register your car?
Thanks
First if you were to buy, how much longer do you see yourself owning the car for? If it will be 5 years+, then it is a wise buy. At 30K divided by 60 months, you are looking at a cost factor of $500 per month to own. By the mileage you have you are in the lower end of use of the car, which is great. Another thing to consider is the cost of ownership for servicing & repairs. If possible, consider extending the warranty if it not too late.
If it will be less than 5 years, your monthly cost would start closing in on the money associated with a new lease vehicle that comes with full maintenance.
In 2003/4?? when the body style changes, the resale value of the '98 will take a hit.The cost/loss factor will not be worth it if you sell in less than 5 years of use.
Instead look at ownership from a different point of view. Keep however long you want - sell when you want. Want to do mods? Go ahead (bimmer fans, yes!). However, my view is that on modern cars, there is no point owning beyond five years. Reason? Shortly after the warranty period expires, stupid stuff starts breaking - the electricals are the first in line, the airconditioner, and around 60K miles the tires and breaks need a rehaul, sometimes the timing belt needs to be replaced, the 60K service etc.etc.. Chalk all of this to a significant chunk of change. Bimmers are, of course, (in)famous for that. Besides, in five years, technology (especially safety) progresses considerably to the point where its a good idea to upgrade your current car. But that's your choice. You don't have to rush to the dealer simply because penalties are attached to turn the car in. Finally, in five-seven years, the cost of keeping an owned car is insurance+city taxes+gas+maintenance, *not* payments on the car (depending on whether your loan is 36-72 months). And insurance and city taxes go down tremendously after the first couple of years.
The lease side of the argument is to say that you don't get into these issues - just change a car every 2-3 years. But, in effect, this means that over a 10 year period, it amounts to expensively renting 3 different cars - and this is assuming that you don't mind battling with the dealer who tries to suck you on *both* the car being turned in and the new car being leased 3 times in that 10 year period.
The standard lease vs. buy argument does not take all these issues into consideration.
Thinking of buying (very soon) a 1998 528i. The car has traction control (standard, I think) but not electronic or dynamic traction control (whatever exactly these are) nor stability control. Question to you 1998-model owners: how does the car perform re: skidding, traction and spinning in inclement weather? I know that models with no traction control at all have been less than desirable in this respect. These? Thanks.
Amy
The tires on the non-sports-equipped cars seem fine.
I understand that you have to expect shorter tread life and more noise on the speed-rated tires which come on the sports package, but people have been recommending Bridgestone Potenza RE730, Kumho ECTSA Supra 712, and AVS Sports as replacements.
Here's hoping BMW will supply a better tire on the 2002 530 with sports (since I have one on order).
In answer to your question, not quite. However, one of my business partners has a 2000 540iA (sport) and, after test driving a 530i 5-speed with me, wishes that he had gotten a manual instead of an automatic. He also commented that he's not particularly thrilled with the gas milage of the 540iA or the need to get new tires after only 14,000 miles. The 530i sport uses the same size tires/rims on front and back, so they can be rotated. The 540i sport uses larger rear wheels and, as such, can't be rotated to balance wear.
I was originally thinking M5, but after I came back to earth after an extended test drive several months ago, I have pretty much decided that a 530 will be very satisfactory in performance. Interestly enough, other than flat out acceleration, I liked the way the 530i sport drove slightly better than the 540i 6-speed. It felt a little lighter and tighter. (On the other hand, the M5 is truly extraordinary). I am planning on ordering a 2002 530i for European Delivery in late 2001/ early 2002. I may revisit my decision if there is any truth to the rumor that BMW is going to a more powerful and more fuel efficient 8 cylinder for early 2002 production.
metmdx
Thanks
There are a few dealers out there that will give you a comparable discount off the european delivery price that they would have given you for a stateside delivery. I have been quoted between $1,500 and $2,000 over European Delivery invoice for a 530 or 540, which, depending upon optional equipment, equates to another $2,000-$3,000 discount off the ED price. I've priced out a 540i 6-speed at just under $50,000 (with premium hi-fi, shades, parallel wheels, NOT including navagation system). Check out www.eurobuyers.com for some more info and ED invoice prices.
cmr530:
Thanks for the info. I wonder if BMW's recommendation against tire rotation is new? I have a friend that has a 1999 528 (non-sport) that has his rotated religiously every 5,000 miles (by a reputable tire dealer). Guess I'll have to budget about $1,000 - $1,200 annually for tires whether I get a 530 or 540.
However, you are correct. The dealer invoice is effectively reduced by the ED discount. You just need to find a dealer that will acknowledge that fact. I travelled 50 mi. to another state and found a dealer that sold me a 530i for $1450 over ED invoice and I never even negotiated. So there are dealers that will do it.
Thanks
Regarding ride & tires, my 530i w/ sport/prem has those Michelins, and I just finished a 350-mile drive from picking up the car stateside. Here's my opinion: Ride is perfectly OK (not too stiff), and interestingly, the tires are quiet on asphalt but make a whirring noise on concrete pavement. As the road surfaces change, it was strange having them go noisy, then quiet, then noisy again...!
(P.S. It was very hard going 75-ish today after driving the autobahns a few weeks ago!)
Anyways I got a chance to sit in a 540 w/sports seats today. The car really isn't that roomy especially in the back. The Mercedes E class (I won't even bother mentioning S class) is much roomier. Course when it comes to styling I think the the 5 is much better. I pretty much like the 5 but it's my mom's choice and she's not sold on the 5 yet.
About the tires. Are there any better all season tires to put in with especially good wet performance?
(Still happy w/ my choice.)
Thanks in advance.
Dan
As for for the price of a 540 you can seriously consider the MB E430 which may be a better car. As for the 530, at least you can argue that MB E320 is several thousand dollars up.
So right now I think we've limited our choice to 530/540 and E320/430 pretty much.
For what it's worth, a buddy of mine who has test driven a few cars with me seriously thinks he should have gotten a 540i instead of his E430 last year. At the time he got the E, he was trading in another Mercedes and did not take the time to test drive a 5-series. He also presumed the E's larger interior (he's 6'4") was a necessity. However, after 20,000 miles of predominantly solo or two person driving, his attitude has changed. After our test drive of a 540iA (sport) and 540i 6-speed his own assessment of performance and handling was "no comparison". He is particularly dissapointed that his E430 "sport" package apparantly provides aesthetic improvements but no suspension upgrade.
Part of the reason I took him along was to get the added perspective of someone who is currently driving a great car. I'm glad I did and that he was honest.
As for the 525/530/540 diminishing return assessment, I agree with you completely. Even though I could comfortably afford the 540i, my conservative upbringing forces me to try to justify it on some sort of value basis. After extensive test drives of all, I almost have an easier time justifying jumping "over" the 540i to an M5. I keep coming back to the 530i as the best "sane" choice.
thanks
Try closing the vent (the button with the circle) see if that helps. I tinted my 325's window yesterday, I could already feel the difference. You might want to do that too especailly if you have a child to put in the car.
By the way, I live in Southern California. And it was almost 95 degrees last weekend.
Thanx.
I have read a lot of posts which made me exclude Warranty Gold. Talked with warranty direct on several occasions and just don't have a good feeling. Talked with One Source, several times as well and seemed very professional. Talked yesterday with a finance manager at a BMW dealer and he spoke very highly about DFS. I have my reservations about finance people and dealers, since I have dealt with many in the past. Some (if not most) tell you whatever sounds good and when you actually get the warranty paper work it doesn't cover what you thought it should. The finance person told me be ware that when the time comes to a claim, a lot of warranty companies will authorize the use of new, REFURBISHED or USED parts. This really disturbed me. If I am going to be paying close to $2000 for a warranty, I certainly don't want used parts or even refurbished unless the car is close to the end of its life or maybe has say ~85,000miles on it. He also said that DFS doesn't do that. He gave me a copy of DFS service agreement warranty booklet along with the brochure. Last night when I got home, i read it carefully. I was sure that I saw the same clause in the DFS contract regarding the use of refurbished parts, but this morning as I was writing the message i couldn't find it. I read it two more times from cover to cover but it wasn't there. I think I am loosing it. Been looking at this stuff for too long. Sorry about all the rambling. A few questions about One Source,
1. Do they have a cap on labor rates?
I am thinking of getting my car serviced at a BMW dealers and their labor rates are higher than average.
2. I would like to use original BMW factory replacement parts in case I have a claim. Will they pay for the whole thing or will I have to pay the difference between generic and the original BMW part?
3. I have tried to get an answer if my dealer would accept a third party warranty for repair claims but have not received a difintive answer? Can & Will they help esatblish this kind of retionship?
4. I talked with one repair facility and they mentioned that they have to receive payment prior to releasing the keys to the customer after the work is done. At what point do they pay for a claim? Obviously after the work has been performed. I just want to make sure that if my car is ready at say 7:00pm pacific time, and I need to pay for it someone in their office is available (Denver?) to pay for my repair bill.
5. If my dealer or any other repair facility doesn't accept payment from them, may I pay for it and get re-imbursed from them? How long will it take for me to receive payment? This is not my prefered choice but just in case.
I think I have narrowed my choices to two. Either, One source, or DFS.
I would like to hear some input from anyone who had a claim with either and how it went.
Thanks in advance and sorry for such a long message.
Spyderred.
Did you happen to find our Finance, Warranty & Insurance Board? I believe there are active discussions there about both OneSource and Warranty Gold, and there may be others there as well that will interest you. I don't know whether they are talking about Dutch Financial Service, but you could start up a discussion about them if they are not already talking about that particular service.
Perhaps someone here will offer some suggestions as well.
Please also stick around in this discussion - we've got a good group of folks talking about these vehicles here, and I'm sure you'll enjoy the previous and current conversations.
Pat
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And do I have to pay for the metallic paint fee like on the 3-series?
Thank you for your advice.
I looked at a Lexus GS430 specifically because of the above problem but I still prefer the 540. On the bright side, Houston summers last only 5-6 months.
I guess I would be interested to know if anyone has moved from a 3-series to a 5-series and noticed a difference in the AC (specifically a 540i).