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

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Comments

  • bmwsellerbmwseller Member Posts: 200
    this is a scaled down version of the M3 gearbox in that it doesn't have as many shift mode options but if it will appease the wife and give you a great compromise than go with it with confidence that you're making a GREAT decision. The SMG is amazing and shifts so perfectly it will make your jaw drop. SMG gets a big YES and if the anticipation of getting your super sport sedan isn't keeping you up at nights and having you surfing the net hungry for information during the day you must not be breathing. After driving the SMG, I would take it over the taditional manual with clutch and I thought I would never say that.
  • cme4bmwcme4bmw Member Posts: 3
    To all. Just wanted you know that I am new to the boards.. and as a BMW Client Advisor I have found the posts very interesting reading. It is quite fascinating to hear what you all say about your purchasing experiences and car buying methods. It will be enlightening to engage in a dialogue with you all. Happy Driving!
  • yawyaw Member Posts: 1
    To all
    What is a reasonable bidding price for a 2003 530i with sports package, premium package, navigation, Cd changer, titanium black xenon lights, automatic, premium sound. How about
     a 2003 525i automatic, titanium silver, premium and sports package with premium sound, xenon lights.
  • gocubs03gocubs03 Member Posts: 6
    Welcome aboard!!! Now that you've jumped in, how 'bout some good advice from your experience. Looking at your profile, I assume you usually get paid for your knowledge. I am sure you understand that within this forum you can't explicitly solicit business, so how about a freebie? I'm currently looking to buy a 2004 530i {loaded} for cash. Any chance I can get anything off MSRP? Most of the dealers won't budge so far, because this model is just trickling in. What say you? P.S. For all you fellow Cubs fans out there, "Let's go Cubs!!!"
  • 530iabmw04530iabmw04 Member Posts: 2
    I am also looking for BMW 530IA 04. The lowest price that I have seen so far is $1K below MSRP. The price will be lowered in later this year.
  • bmwsellerbmwseller Member Posts: 200
    I can talk value here but it would be solicitation I believe to discuss the prices that I would offer in this venue. At this time the car is a great value at MSRP.
     What has given you the impression that the price will be lowered this year? Will they do a grand off but you want more off to do the deal, are you just curious about what discount you can get, or did you do the deal?
  • mlock6mlock6 Member Posts: 22
    I think 1K below MSRP is a good deal for now. When you buy a BMW like this with a new design, you will pay close to MSRP. There is no reason the dealer will discount the vehicle anymore than that. It is a very nice car. If sales go well for the first quarter, discounts will not get any better than 1K.
  • gocubs03gocubs03 Member Posts: 6
    I can't speak for "530iabmw," but as for myself, I would be very happy with $1M off MSRP, and would not ask for anything more to do the deal. So far my experience has been that the dealers seem to be waiting for the response to this automobile so they can squeeze as much out of buyers as they can if it becomes super hot. Now I don't know if this happens every year with BMW dealerships, or just when there is a major design change as there is with 5 series. Having a degree in economics I have a pretty good understanding of supply and demand. Having been a salesman for most of my business life, I also understand that one can get too greedy, and lose the deal. There's also an intangible element of customer loyalty that I think is being overlooked, which can pay off in the future to a particular dealership, if someone feels he hasn't been taken advantage of. I am a cash buyer ready to buy now, (which is probably not totally unique within BMW buyers), but cash in hand has got to count for something. Knowing the spread between what the dealership is paying and the MSRP, it sounds like there would be little wiggle room without anybody (dealer or salesman) getting too hurt. On a happier note, How 'bout them Cubs???
  • 530iabmw04530iabmw04 Member Posts: 2
    I actual have a response with an offer $1K below MRSP via car direct's listed dealers.

    For bmwseller, I am just betting the bmw dealers are more willing to deal when there are more bmw's available. I have never own a bmw before and I am not ready to jump in yet.
  • bmwsellerbmwseller Member Posts: 200
    I took two grand off for a customer saturday.
  • bigstick1bigstick1 Member Posts: 4
    I would like to to thank all of you BMWers for all of the info. I ended up saving $7K off of MSRP and upgraded to a new 530ia...local dealer "Matched." The final price was $39K plus taxes for a total of $40.8K added additional warranty $2K(6 years) for a total of $42.8K walk out the door with prem.,xenon, steptronics, the color my wife wanted (Keeps you from living in the mother-in-law suite). MSRP for this car was $46K+ Taxes+$2K for warranty. Original offer to me pre-Edmunds was $42K+taxes+$2K warranty=$46.8 thus I saved $4K by listening to you guys. PS: I went not Sports due to tire usage...but upgraded to 530ia vs. 525ia due to resell value downstream. I called and e-mailed over 58 dealers nationwide...with cash offers. Several good deals still out there if you don't mind going and getting the car. I could have saved $500 more but local deal was worth that much.
  • bmwmrcbmwmrc Member Posts: 66
    You and your wife should really enjoy one of the best sports sedans ever made! Enjoy!
  • compwhizcompwhiz Member Posts: 46
    With the recent clearance of '03 MY 5-series, don't you think there will be a dillution in value to all previous 5-er owners(especially '02 and '01 owners? I know that I paid at least $2500 more for my '02 530i than anybody who took advantage of '03 MY clearance with $4k marketing support. Just curious what people think. I will eventually move in to new 5-er, but am concerned about the resale value now.
  • bmwsellerbmwseller Member Posts: 200
    Auction prices this week on 2003 5 series was ridiculously high. That was true on the 3 series also. Z4 are kind of a bargain, but the BMW dealer used car inventories overall are extremely low and that keeps the values high. I wouldn't worry about it. I don't think that they even needed to have such big dealer incentives to move the cars and the wholesale prices are the best indicator. You bought your car sooner so, you've been able to enjoy it more the rest of the people who paid less. buck up!! you're in great shape at least you didn't by a cadillac.
  • cme4bmwcme4bmw Member Posts: 3
    Thanks for the welcome! Actually contary to popular opinion, I do not get paid for my knowledge(I wish)...only if I sell and deliver the car. But I will say this: The 04 5 series is a world class car and priced to sell at MSRP. There may be retail centers that will discount the car but that usually applies to repeat clients or referrals. Also, whether one pays cash, finances, or leases is irrelevant when it comes to the price of the car. How one pays for it is a personal choice. Remember, the lowest price is not always the best value.
  • carnaughtcarnaught Member Posts: 3,582
    "Remember, the lowest price is not always the best value."

    Huh?......Please explain.
  • dv8eddv8ed Member Posts: 17
    I haven't heard of any stories yet of how much people paid for their 2004 525 or 530's?? I would like to get an idea of discounts... please share.
  • bmwsellerbmwseller Member Posts: 200
    Big city overhead and lack of availability could most likely be avoided. I've done '04 5 deals in vegas and brooklyn now. Shop around a little and maybe you can get some discount but the car is a great value at MSRP, right cme4bmw?
    DV8ED........I thought that you just bought an '04 coupe?
  • eandlcubedeandlcubed Member Posts: 78
    hello:
     i am looking for a 540i wagon and went to carmax as an alternative. bmw dealers wanted too much for it. carmax seems to have them at a reasonable and haggle-free price. however, the carmax that has the 540i i am looking for is in las vegas (i currently live in washington dc). they wanted $700.00 more to transfer the car to my carmax. i guess my question is how are the cars at carmax and do they haggle (they said they are haggle-free operation)? anyone has any experience with it since this would be my first purchase in the states. many thanks
  • dv8eddv8ed Member Posts: 17
    bmwseller you have good memory. I put the $500 deposit down 10/4 but decided yesterday to get the '04 525. I really want a 4 door car. I like the iDrive as well.

    I will call and ask them to send me a check back or maybe go in and negotiate on my 5 series.
  • designmandesignman Member Posts: 2,129
    eandlcubed, with the exception of a MacDonald's hamburger and such, nothing is haggle free. I know of no experiences with carmax but know that you can talk down the price of a Saturn and they claim to be haggle-free. It's just a selling point for buyers who don't care to dicker with prices.

    My MO is to research the value on your own, figure out what you are willing to pay, then go in and make an offer without wasting the dealer's time. Three key things: First, show you are serious by offering an immediate deposit with your offer. Second, never show that you are desperate, even if you are. Third, always be polite.

    I've seen a lot 's of different negotiating styles which also work great and I am intrigued with savvy negotiators. Social dynamics also come into play. Hopefully others will offer their methods and experiences. In any event, it would be interesting to know where you go with this.

    Good Luck!
  • mbdrivermbdriver Member Posts: 426
    I just returned from Europe last Sunday and saw a 2004 530i on public display at a square in Budapest, Hungary. It was black with sand interior, auto, etc., and the sticker worked out to be around $81,000 U.S.

    On the return flight, I saw an article on the new model in the USA Today newspaper. The author had driven one on the East Coast during Hurricane Isabel, and he had nothing but praise for the car -- except the air conditioning was poor! Hopefully it was a quirk in the particular car he drove.

    Any other similar reports?
  • dv8eddv8ed Member Posts: 17
    Would you guys get the sport package on the 525i? I really want the sport package but it's hard to find a '04 525i with premium, sport, xenon, auto, grey leather or black leatherette, silver paint.
  • dv8eddv8ed Member Posts: 17
    I'm ready to purchase my '04 525i ... since the car has built in iDrive ... can I add the navigation system later on? I know the head up display will be harder.
  • cme4bmwcme4bmw Member Posts: 3
    BMW has stated that the navigation is an option that CANNOT be added later. It is not the same navigation that is in the 7 either. Also, if you get Premium package it includes leather. Therefore leatherette is not available. If you are not able to find the car locally, try expanding your search to metropolitan areas where the centers carry much more inventory.
  • cohenfivecohenfive Member Posts: 85
    i own an e39 m5 and have owned two e39 540 6 speeds and my local dealer was nice enough to let me take their demo mystic blue 530 sport out for a ride all by myself. basically i loved the driving dynamics (handling/steering) but was at best mixed on the rest of the car. i found the i-drive confusing and basically unnecessary, thought the quality of some interior appointments not up to the price of the car and didn't like the oem sport wheels. also for this price the car is underpowered. other issues too but not worth mentioning.

    my primary issue is that the price of the car has increased by $5-7k when equipped nicely. for many people that brings other cars into the equation both from above (a6 4.2q, slightly used m5 for example) or below (acura tl, infiniti g35, saab 9-5 aero to name a few). i'm not saying these are directly comparable but the price increase has destroyed what i've always thought was bmw's value proposition in its class. the strength of the euro must really be painful for them. we'll see how the new car does, but i think there will be discounting, certainly of the 530, at an early stage--the 545 is probably better value. time will tell.....
  • bmwsellerbmwseller Member Posts: 200
    COHENfive............if your driving an M5 than maybe the car seems a bit pouchy. I don't like the sport wheels either. Wait until the new M5 comes out. I'd bet you'll be drooling!!!

    I-drive is brilliant. It's just like the PC. People just need a little education and it's easy to use and simplifies operations.
  • bmwmrcbmwmrc Member Posts: 66
    As I mentioned in the other discussion (see the 2004 design discussion, which is now the wagon discussion), I would report on the driveability of the new 5 series. Today was the day (Friday). I went to my nearby BMW dealer here in southern California, for the Susan Komen Breast cancer fund and had the privilege and honor of driving a multitude of Bimmers for this wonderful charity. I drove a '03 530, '03 X5 (4.4), '03 745iL, and a '04 Z4 roadster. After enjoying my experiences with each of the preceding vehicles, I asked one of the salesman (not participating with the Komen drive) if I could test drive the new '04 530. And I did. So, here are my impressions.

    I thought the I-Drive was OKAY, but not a "OH I HAVE TO HAVE THIS!", so I guess I would have to agree with Cohenfive; it's unnecessary, although I found the functionality of it to be very intuitive and not too difficult to learn. I just didn't get that hyped up over it. But, it is a much improved version over the 7 series by far.

    Now as for my driving impressions, I did like the new active steering, even though I found it to be very subtle while driving and changing lanes. I found the active steering more helpful, when the salesman took me into a parking lot. That's where I noticed its easier maneuverability. As for the rest of the drive, the 530, is the same smooth and muscular engine as the '03, and the ride change from the '03 is SO SUBTLE, that I couldn't state, "Yes, the technological advancements in the new iteration of the 5 is so great, that I will go out and buy one and justify the price increase." What I did notice, which again was subtle, was the way the car cornered. With the combination of the active steering and the new active roll stabilization, I could tell the car handles even better in turns than my 5. But again, it's so subtle and minor that the advancement to me at least is negligible.

    In sum, I enjoyed the ride, the new active steering (although quite subtle), and the handling of the car, but not enough to justify buying it over my 2003 version. And certainly not at the increased price, which I would imagine one is paying for, for the opportunity to have the I-Drive function. Happy motoring everyone!
  • bmwsellerbmwseller Member Posts: 200
    what a great event that BMW puts on for the Susan G. Komen Drive For The Cure. Anyone who doesn't know about it can go to www.bmwusa.com and find out how to participate.....no cost and SO much fun. Thanks, for your review. I think that the seats are more comfortable and I really like the gauges.
  • bentleyfam25bentleyfam25 Member Posts: 67
    FWIW, I have a '01 525 and my wife has a '03 325xi. I love BMW's and would have been glad to stick with them permanently...until the E60. After driving and looking one over from top to bottom, a few impressions:

    --The active steering and suspension are nice but not spectacularly different compared to the cars I have. Maybe it's that I don't feel like I get an extra $5-7K of value for the significantly extra $$ paid, perhaps.
    --I-drive is really a yawn; interesting concept but PC's are no big deal nowadays, and I see it as a gadget that is needlessly more complcated than the hardware it replaces. Funny thing: I avoided Audi because of too many needless switches on the control panel, and for a similar reason, the I-drive seems gadgetry for its own sake. This reminds me of the digital speedo/tach panels from the 80's: don't see many of them anymore...
    --The interior looks cheap in a number of curious places; the front door lines fading into a plastic-looking and flimsy-looking grab handle, for instance. Leather that somehow looks like leatherette.
    --The drink holder design actually manages to be more awkward than the current 5-series cup holder. Tough engineering job to actually make it worse, but somehow they did it.
    --The hood and hood latch are similar to any old Chevy on the lot -- admittedly an odd issue to dislike, but the old hood arrangement was a very nice and high-end design. Having the little finger latch pop out was simply nice engineering. On this one, you open the hood and the whole process feels like you're checking out a Honda.
    --Did anyone notice that the kidney grilles are now black plastic with nothing behind them except a bright silver radiator about 10 inches back? The E39 (and current 3-series) had dark plastic behind the grille, giving a solid look. The new one looks like someone forgot to include part of the grille assembly. Maybe they did on the one I drove, but it certainly looked unfinished and cheap.
    --The car no longer has a "low" look, seeming (for a sedan) visually connected to the ground like the E39 and 3XX series. Perhaps a poor description, but the E60 looks distinctly slab-sided and pinched in at the sides. Actually, the front and back views are acceptable; it's the side that looks like the windows are too short and the metal too tall.

    OK, a lot of these items have been discussed. But, I thought that the 5-series was overall the best car ever made for the money. It did everything well. I really want to like the E60, and it's a real disappointment to see a fine car concept damaged. For all you BMW reps out there, tell your bosses that there are loyal customers that want to buy the car but have been driven away by a combination of some odd design choices, a cheapening of the car and a price increase that doesn't have enough "worth the money" to it. Its really a shame.

    So, I've got a choice: a 300xi; the A6; or perhaps the Jag. But until the E60, there would have been no choice: the 5-series or nothing. Seems BMW is leaving a loyal market behind.

    Good driving, everyone. Cheers--
  • bmwmrcbmwmrc Member Posts: 66
    Pretty much agree with everything you stated, in that I stated similar comments in the post above yours and on another discussion. The newest version just doesn't cut it for me either.

    BTW, do you REALLY want a Jag or Audi? The reliability on both cars is extremely suspect. Just my 2 cents.
  • brianatcalbrianatcal Member Posts: 9
    I just got a 2003 530i and I love the car! There weren't many left, and I had a particular preference for exterior/interior color, so I got one with Premium, Xenon, and Folding Rear Seats, but no Sports Package. I'm very happy with the handling and suspension of the car as it is, but I wanted to know if anyone can characterize the difference between having the Sports Package and not, particularly with regards to driving characteristics. Also, the cars with sports package seem lower than those without. If it's true, does anyone know how much lower it is? Finally, if I wanted to go with an after-market package (or BMW), what sports packages are out there and are they as good as or better than the BMW Sports package?

    Thanks!
  • breynolds2breynolds2 Member Posts: 4
    I just went with the Mercedes E-320. Sorry but agree with the above. BMW too many terrible changes. Had BMW for 20 years and too bad it went to crap!
  • mch2mch2 Member Posts: 36
    In my opinion the Sports package makes the handling stiffer and less forgiving of imperfections in roads. The difference is subtle but both my wife and I noticed that we felt more of the road with the Sports package. It seemed to us like we felt every hole and bump whereas without the Sports package the car seems to absorb rough spots so that you barely feel them. I really wanted the Sports package but my commute takes me through some pretty rough roads so I decided against it.

    The car did not seem lower with the Sports package.
  • revkarevka Member Posts: 1,750
    To Everyone - This discussion was created specifically for members to share their BMW 5-Series buying experience and what they paid; and we really need to stay on topic with this subject. Please also understand that when someone posts an off topic question or comment, this does not give you to right to respond with further off topic comments. What you can do, in cases like this, is to invite the participant to continue the (off topic) subject with you in a more appropriate area. Okay?

    Btw, I realize it's easy to veer off topic in our discussions; so perhaps I can enlist some of the regulars in this discussion to take a more active role in helping us with this matter. Your help would very much be appreciated.

    Here are direct links to BMW 5-Series (Sedans Board), BMW 5-Series (Wagons Board), and BMW 5-Series Wagon 2004 Redesign (Future Vehicles) where you can invite/link others to continue discussion about test drives, vehicle options... and other subjects that are not specifically related to the title subject. Also, try using our Search tools, on the left side of the page, to find other BMW 5-Series discussions of interest. Thanks for your support and participation.

    And let's get back to the subject of the BMW 5-Series: Prices Paid & Buying Experience!

    Revka
    Host of Hatchbacks & Wagons
  • dv8eddv8ed Member Posts: 17
    I just bought a new 525i '04 I was wondering if there were any advantages or disadvantages of doing either a 60 month or 66 month finance?
    I want to do the 66 month (5-1/2 year) because my monthly will be lower. Does this make any sense?
  • bmwsellerbmwseller Member Posts: 200
    take the payment that suits your budget. be aware that you'll be paying more to the lender in interest. what's the rate at 66 mo. compared to 60?
  • uqmooreuqmoore Member Posts: 4
    I heard that since the new 5 Series is a different body style, the old ones are expected to go on sale soon. Any truth to this?

    I plan to spend about $30k on a car in the next month. I was looking at getting a '99 Lexus GS 400 or an '00 Lexus RX 300. However, if I could get my hands on a recent 5 Series car at this price, I'd prefer to do that.

    TIA

    Q
  • t_manerot_manero Member Posts: 8
    Yes, the '04 are redesigned from 1997 and are beginning to be available. In terms of impact on the '03 and prior, there are 2 dynamics - - sellers (dealers) say the prior model is now a "classic" (the E39 line was truly exceptional) and will demand a strong price; buyers like you say, hey, it's a depreciating asset that is getting less expensive everyday - - but only the market will dictate, and the only way to know is to call around and get prices on both new & old, and on subsititutes like Lexus & MB. If you get a favorable deal, it's usually because at that moment, the other party is motivated by an external factor like monthly quota, prior deal that went uncompleted, too long on the lot, etc.
  • maccarmaccar Member Posts: 10
    None of the local dealers (North Texas) have any 530iA remaining in stock. Does anyone know of a resource to track down where any are left in a particular region of the country without having to call every dealership individually? I have test driven both and I am inclined to opt for the 2003 given the incentives.
  • bmwsellerbmwseller Member Posts: 200
    Prices on 2003 5 series are not going down. Yes, there WAS an incentive on the car and there is a new body style. But, the auction prices on these cars right now are HIGH, real high. In fact, the wholesale prices having been climbing all year in part because BMW is having a HUGE year for Certified Pre-Owned sales and dealer supplies for used cars are very low. In short, there are no "too good to be true deals" on 'bimmers.

    30 grand should buy a primo 2000 528i Certified Pre-Owned BMW. They sell like hotcakes on my lot.
  • kappadonnakappadonna Member Posts: 1
    I am new to the Town Hall and wanted some advice. I have a chance to purpose a 2002 530i CPO, Premium package and Sport package for 36K, is this a good price for a car with 23K miles.
  • bmwmrcbmwmrc Member Posts: 66
    go to Kelly Blue Book online and then go to USED CAR RETAIL. That should tell you if the price is good. From what you've posted, it sounds like a pretty good price, but check it on Kelly. Good luck.
  • bmwsellerbmwseller Member Posts: 200
    yes, kappadonna, if that is a BMW Certified Pre-Owned, that's a fair price. Kelly Blue Book is all over the place. I wouldn't trust it at all. No offense BMWMRC.
  • stockguy71stockguy71 Member Posts: 7
    I have about $35k to spend on a used 5 series. I've checked inventories from local dealerships and the asking prices seem quite high. Can someone give me an idea of how much I might be able to negotiate off of the initial asking price? I have my heart set on a 2002 530ia w/ premium package but most of the prices I see are in the $39k-40k range. Thank you in advance!
  • bmwsellerbmwseller Member Posts: 200
    maybe go to a 2001 and that should put you in the mid 30's, STOCKGUY71. Used 530's are pretty pricey but that's a testament to how great of a car it is. You could also get a 2003 525 for that $$$. Once you have one you won't miss the nissan.
  • stockguy71stockguy71 Member Posts: 7
    if I could get a 2003 525 for that price, I'd happily settle for it rather than the 530. Is that for a new 2003 or used? I want automatic, premium package and xenon.. would that still put me in range?
  • boakyemboakyem Member Posts: 2
    I am trying to buy a low mileage BMW 530i vs low mileage Merc E-320. I have $40,000-43,000. what are my options? Any recommendations will be appreciated
  • patpat Member Posts: 10,421
    Boakyem, it would be better to check out our existing BMW 5-Series and Mercedes-Benz E-Class discussions than to ask that question here. This topic is specifically about prices folks have paid for the 5-Series as well as their buying experiences.

    Check out the conversations at those two links. You can read up on the existing messages, use the Search This Discussion feature in each one for helpful keywords and ask other questions about each vehicle in their respective discussions.

    You may wish to start a specific comparo between the two over on our Comparisons - Sedans vs. Sedans board.

    When you have a chance, check out the search features on the left side of the page. They will help you find other discussions of interest.

    Good luck and welcome! Feel free to drop me an email if I can help you find your way around the Town Hall.
  • lvcat1lvcat1 Member Posts: 2
    I just found this message board and am appreciative of the info here. Missed the year end sale on 03 5's and am now looking at a couple of demo versions with under 10K miles, listed as CPO as well as some 01/02 models.

    03's I am looking at are about 10% lower than MSRP with balance of orig warranty + CPO limited. Puts car with premium, automatic, prem sound and a few other options around $45. (vs mid to high $30's for 01/02.

    Have not fully negotiated yet but would have expected 15%-20% off MSRP for 03 demo. Can I get any opinions on price level or anything I am missing on 03 CPO vs 03 new.

    Thx
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