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Are other people getting deals like this...did I just do good or did I buy a lemon, or are they going to get killed next year when the 11s come out?
So here's what I leased in March: 2010 535xi, Saph. Black, Saddle Brown (not many of those around for sure) with 4,000 miles on the car (manager's car). Options include Prem, Value, Nav, Sport, Comf. Access, Prem Audio, Sat, Rear Sunshade. MSRP is $61,645. Inv was around $56,895, SP is $53,900 less $6,000 factory cash plus $1,500 loyalty. MF .0025, Resid 48% on 15,000 miles/yr. Sales tax 8.625% in the lease.
Mos. payment with tax $785. I get the car near the end of the month when the 07 530i is returned.
It's hard to compare the deals because the March mf and res. took a nosedive so instead you get factory money. In the end, I suppose the only way to compare is to see what the monthly payment is. I do think that my buyout (which I have never done) will be low since they are using a lower sales price and lower residual.
did you look at CPO cars? We have a 2007 550i ($72k car when new) with a financed monthly payment of $640 and building 'equity'.
Premium Package
Value Package
Steptronic Automatic Transmission
Heated Front Seats
Navigation
HD Radio
Satellite Radio
36 month lease @ 12k miles per year with $3,000 total up front would be $571.11 per month (includes 7% tax)
MSRP 50,570
Cap Cost is $38,892.33
Res Value $24,964.70 (52%)
$ Factor ..00230
Does this seem to be a good deal to you guys? It's a little more then I can afford, but if they can knock it down some more I may go for it.
Also, im in california our sales tax is 9.75%
I'm very happy with the car. What do you think of the deal?
You paid a good price.
I also picked up a 2010 space grey/blk 535i with Premium Package, Value Package, M-Sports Kit, paddle shifters, power rear sun shade, split fold down rear seats and sat radio. New car, mileage was 5 when I took delivery.... MSRP: $59520.... selling price $49285 plus ttl.
Not too bad, i was trying to beat the carsdirect.com price and was happy I did.
Cars direct show $7,670 off msrp on a 2010 528i and some dealers are already quoting $8K. But i think if they have an inventory to clear then probably can discount more.
What say?
It will give you a true cost to the dealer including rebates and holdbacks to help.
They also list average prices sold. e.g. I spec'd a 535i at 60k. Average selling price and invoice were at $56k but the dealer cost is at $48.5k . Folks are leaving money at the table.
Look at the M5 discount. Here's a car that MSRP is 90k selling for the upper 70k. Thats a lot more than 10k off a 535i but then again there's more 'margin' to work with.
Hope that makes sense.
Options include Premium pkg, value pkg, navi, HD radio, Parking distance control
MSRP $52525
Selling price: $42482
OTD price $45650 (includes 6% PA tax, Registration/Title, Doc fee)
Just made purchase tonight and will pick it up tomorrow. The dealer is located in northern NJ)
Individual dealers may be more flexible on pricing where supply is long and demand is limited. As the 2011 5 series introduction draws near, discounts will increase but selection will decline.
I recently purchased a 2010 535ix wagon in titanium silver with an MSRP of $62,105 for $53,400 plus tax, registration, etc. BMW sells fewer than 1000 5 series (E61) wagons annually in the U.S. and reportedly will not import the 5 series wagon in the 2011 model, so the sales dynamics appear different than for E60 sedans.
A friend of mine in Chicago just paid $49,000 for a brand new (with less than 50 miles) 535xi with Premium Package, navigation, leather seats, cold-weather package, etc. with MSRP of $58,500.
If you were to wait, I am guessing you will get a better deal although $49K for this car is good value particularly for AWD 5-series since the new 5-series AWD is not going to hit the U.S. for at least a year (most likely in Spring 2011). That is if you can live with the thought of having bought an "old" model.
BTW, we saw a ton of black cars but very few silver or metallic gray cars on the lot.
MSRP: $71k
Selling Price (incl. $7.5 incentives): $59k + (tax, fees, title)
Additional BMW incentives and CCA rebate (after tax): $3.5k
Net purchase price: $55.5k
Options: M-Sport, Value, Auto Shift, CA, Cold, Auto High Beams, Shades, Heated Rear Seats
Apline White/Black - the black interior is holding me back.
2010 White / Cream 528i
Nav
Bluetooth
Sat Radio
Val Package
7,000 miles
Selling price was about $36,500 / MSRP was just around $50K.
$3,000 total down / 7% tax.
$544 / month with taxes
I know the 2011 are around the corner, but I can't wait the time for the costs to come down.
Good deal? What do you think?
AWD seems to comes with 3-stage heated seat? Does it come with heated steering wheel also?
Options: Premium Package, Premiun Sound, Xenon lights, iPod, Cold Weather
Mileage: 34000
Sale price: 28K + TTL
Still has 1 year warranty left on the car
The car is in excellent condition. Is this a good deal?
There aren’t many in Seattle area, and best deal that I got so far is:
2007 525i
24,358 miles
Black on Black
Premium Package
Sport Package
Navigation
Original asking price is $32,000 now it is listed as internet promotion for $29,992
and dealer said that it can’t go any lower.
I do like car but think that I shouldn’t pay more than $28,500, Edmunds shows $30,000.
Any opinions?
on the 07 525 with 24,000 miles for 29,992, I like the miles and the packages. Don't be fooled that they cant go lower though. Dealerships do not buy used cars with the expectation of only making two thousand dollars. I have been wacthing the market for a couple of months now, and routinely see dealerships start prices at least 5000 higher than where they are willing to go. Based on auction prices and cost to certify, I would be quite surprised if they couldnt go to 27,000.00. That being said, this car is well equipped with great miles and that is a tough combonation to come by. I have had a couple of good offers for 525s, but I am just unsure about the power.....
Can you tell which dealer you used. I called two dealers on the same car and couldnt get them lower than $44K.
Appreciate the help.
Thanks
Dealer is asking $53,925
528i 350miles with navigation, keyless entry and probably Premium Package 1
Now knowing that there are couple 2010 at other dealership with similar configuration for $43,000 or one for $39,900 (without navi), these prices include $5000 BMW credit and adidtional dealers credit.
I hope that he will be willing to reduce price to $35,000 for 2009, do you think that is realistic expectation and what do you think how much should I pay for new 2009.
Is it an acceptable deal? Want to go ahead in the next day or so, and any advice will be greatly appreciated.
I am a huge fan of the CPO route. You will save $10k, and actually get a longer warranty.
I agree with Joe24; I can get a brand new one for around $44k. However, I don't want to spend more than 39-40k, so I think I'm going to pull the trigger (I love the color as well, monaco blue/beige, so...) on this one.
Now one other question. I have a 3.4% APR from my credit union. Is there any chance I can now score a better rate at the dealership?
1. This car is not getting cheaper because of the thin margin unless BMW is willing to pay dealer more. Any further cut will squeeze 3-series sales.
2. Stocks market is doing relatively well recently and dealers or BMW will hold off any more inventive.
3. 2011 xi models won't arrive in the US until Spring 2011.
4. There are not many good AWD choices in this class. 528xi is possibly the most affordable and most fun to drive at this point.
5. The new 2011 model does not appeal to me. I do not want to wait for another 7 years just to get this bargain.
So far, I am enjoying this car every second when I am in it.
If your credit is great and am financing over 30k, Bank of America is offering 3.2% for a 60 month loan.
Thats the rate I got a few weeks ago when I picked up my 535i.
Thanks,
Chintan
Corporate Communications
Edmunds.com
MODERATOR /ADMINISTRATOR
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Was looking at a 2008CPO and the dealer showed me this??
The deal is a 528xi, 2010 dealer loaner with 10k miles. Plat grey w/ black Dakota leather.
It's list is 51,825 incl destination,\options;
prem, value package
split rear seat
heated rear seat
sat radio
The dealers first offer is 41,850.
Any suggestions? Like to get it below 40k and CPO.
Could you tell me the Dealer you got this price from on the new 5 series.
Also would need your folks advice on one of the used car I looked from a private party
BMW 5 series, premium package, sports, navigation, miles on it 30K....its a 2008 model and the warranty is going to expire in 16 months.
So would need your advice if its worth buying for 30K?
Thank you,
RK