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What portion of the lease are taxes applied to? Down payment? Monthly? Security deposits? MSDs?
What should I expect markup above BMW buy rate lease on money factor? Is .0023 the current money factor for a Euro Delivery 328xi coupe? What would a good deal from a dealer be?
Any help would be appreciated!
hope that helps.
As for your factory warranty, since you have an 03, you automatically get an additional 2yr, 50k mile extended NEW car warranty (this warranty super cedes a CPO warranty) when the standard 4yr, 50k mile warranty expires. So you're covered bumper to bumper for a while I would send a quick note to BMWNA to confirm your vehicle does qualify for the extended warranty.
hope that helps.
In reading the bulletin board, I am having second thoughts about the car. A leading consumer publication rated the reliability of the car much worse than average based on owners feedback. Edmund's review was very favorable.
the asking price is 54k and the car was put in circulation in 04/2005.
I would appreciate any feedback and advice as to what to look for and whether current owners would or would not buy their 750 again.
THanks!
The 750i is an awesome car to drive but it is complex and repairs and maintenance is high, and depreciation is pretty steep.
I think your best approach is a) getting the car's warranty history b) seeing if extended warranty is possible or in effect and c) having the car checked out thoroughly stem to stern before you purchase it.
Once you've done this, your decision should become clearer to you.
It's not the basic maintenance, it's the electronics that are intimidating. Brakes are brakes, mufflers are mufflers but a V-12 engine management system? Well now.....
Car $71,800
Luxury Seating
Premium Sound
Comfort Access
Satellite
Rear Shade
Total MSRP $79,990
Any thoughts on price to offer?
This car was driven by my buddy's aunt who rarely did over 55mph, and maintained it according to the schedule in the book. What would a fair price be for it?
Also what to look for and what kind of milage would I expect on it?
-mike
As for what to look for, we are always concerned about malfunctioning electrics on older BMWs. Also check the brake rotors, as a brake job for this car is not cheap. Lower control arm bushings in the front end could be tired at 60K and look for erratic idle problems.
Nice ride but not cheap to maintain.
$8k? wow they are looking for $13-14k and mpg of 16/24
-mike
This is a freight train you are trying to stop here...be careful what you put on there.
$14K? They are dreamers....7 Series depreciate like rocks off bridges, especially out of warranty. Go check out edmunds.com True Market Value or any "realistic" price guide, like CPI or even NADA. The mileage figures are EPA estimates. Who drives a V-8 BMW by coasting down hills?
-mike
-mike
Are you sure those aftermarket parts meet OEM standards for that car? Well, maybe. I don't really know. But that's 4,300 lbs of automobile you are haulin' down.
It's a nice driving car. I'm sure you'll like it. It doesn't feel as big as it is.
May decide to go ubber economy though, still debating.
-mike
My main concern with "performance" parts is that they work great but they're pretty rough on rotors and pads....
HP+ are a bit rough on the rotors, but the HPS pads which are more streetable, are actually less expensive as are non-slotted rotors.
It can also be a result of WHEN you did the rotors and pads. As a car ages, especially from 5-10 years old, is when you start to see a lot of rotors and pad replacements become available which brings the prices down significantly.
-mike
Here's a link to the car
BMW
CARFAX says the car was originally leased out of Illinois, then lived all its life in Indiana. Records cease in year 2000 with 62,000 miles on the car. So maybe it went out of state or ???
Get a thorough mechanical inspection and see what's what....might be an okay deal for you as long as there are no major items crying for attention. Repairs and deferred maintenance can add up fast on a car like this, so go in with both eyes open and remember, you can always find another at this price if something troubles you about the car.
MrShiftright
Jes' Visiting This Topic
You may also have a small leak somewhere.
You can get a pressure test (easy to do) to try and spot a small leak...perhaps the coolant reservoir tank has a small seam leak---not uncommmon.
MrShiftright
Visiting Host
I am looking at a 2000 740iL Sport Package and wanted to pass along some thoughts and get some clarification. My car experience has been with Volvo and Lexus up to now - and I've decided to change it up a bit.
Despite having 115K miles on it - the one I am looking at is in impeccable condition inside. I was really surprise some of the "gadgets" - like the auto-rear window shade were still working. I was very impressed with the quality of the interior and, at 6'5", I felt I had plenty of room.
that being said, I need to find out if there is anyway to update the navigation system - it is obviously using 1st generation maps so they aren't very good.
The original owner has ALL of the maintenance records - with no MAJOR repairs (major for me mean engine, transmission, suspension, etc.)
At $10,000 (private party - family discount), this seem like a great car I could get another 100K out of.
I guess what I am looking for are questions I should get answered before pulling the trigger.
Thanks,
JCW
I have been reading through this board for the better part of 4 months now and am finally taking the long awaited plunged into BMW ownership.
I am currently looking at a 2000 740IL with 84K...dealer is asking 12,400
- One owner vehicle with all service records.
- Execellent condition inside and out with more than 3500 in recent repairs (power steering lines, rear control arms and brakes)
- Area of concern is faint thumping noise coming from the front. The dealer says rotors, but from reading the board, I fear CA bushings may be worn.
I've noticed very few postings on this board since the spring. I hope the seasoned owners can provide some insight to a newbie. Thanks All!!!
9 1/2 years ago. Repairs... oh yea. Waranty work took care of the catalytic converters, rear shocks, instrument
cluster, glove box and center console mechanisms. Was told the radiator neck would probably break around 60000 miles.
It did at 62500. Replaced it myself. Ac compressor and
water pump went at 90000 and 92000. Both total $2000.
Leaking valve covers at 98000. $700. Now have leaking
timing chain cover at 102000. Cost est. $3000. May not seem too bad over 9 1/2 years but throw in regular mantainence
and two brake jobs, the first one $900 the second one $350
ordering the parts from Autohauz Arizona and doing it
myself. Oh yea the power steering hoses both low and high pressure around 75000 miles. You can always say it's cheaper
than buying a new car. I thought about unloading it and buying a LS430 used just going by what I've been reading
about Lexus and the nice ride and reliability. So today
I test drove a 2004 LS430 and I kept thinking is this all
there is. I liked my beamer better.
I lowered the ASKING price to $100 less than kelley blue book private party average (i do live in New York city) and still no calls.
The car has 63,000 miles and in great shape.
Has anyone tried to sell a 7series themselves, any suggestions?
Kelley tends to be unrealistically high, maybe that's the snag, or just could be the wrong time of year.
Got it as a certified BMW in 2003 for $43K
Kelley private party is $20,600 I am asking $20,500.
$15K sounds more like Kelley trade in value.
I also thought it could be time of the year...
Lemme check on autotrader for you and come up with average asking price for a bunch of them.....
STAY BY:
Okay, here's the results--it's a pretty good pool of comps--175 cars for sale
# of 2001 7-series found: 175 cars for sale
$29,500 Highest asking price (silly)
$10,300 Lowest asking price ( a beater)
$17,860 Average asking price (probably close to reality)
I was just thingking if i sell it for $18k i will need to spend AT LEAST $55k on a new 535 just to replicate all the features that this car has
I noticed that Edmunds dropped the price of this car by about $2000 3 weeks ago. Not sure what caused it but i guess they cannot updated it regularly in small increments.
Not sure if i am ready to part with this car for $17k though
Why don't you post your info HERE (see link below) and see what the "pros" think. Be sure to tell them you want a RETAIL price:
Real World Trade In Values
1. Transmission issues
2. Radiator replacement
3. Navigation Screen Problems and Software
3. Electronics are a disaster
4. Control Arm replacement
5. Exhorbitant Price for Brake Jobs
6. Power Steering Hoses
When I balk at the cost of even a simple oil change, I think the decision has been made for me. I had a 528i when I was younger and loved the car for its prestige and reliability. I know that BMW engines have a reputation for being super reliable and the 4.4 litre V8 was considered the workhorse. I figured I wouldnt care if the various gadgetry went and a couple of the power options crapped out, as long as the car moved I could enjoy that aspect. Ive lived without Navigation for a while so I dont really need it. But it sounds like this models issues go way beyond that and that the car actually running depends on alot of these minor electronics issues being fixed. The post that said if you buy one of these cars you should be willing to average $200 in repairs a month puts it all in perspective.
My questions are:
1. Are there any other recurring issues with these models that are not on my list?
Sadly, Im still holding out hope that there would be something for me to make the justification to buy one.
2. Ive loved the BMW marque for the better part of twenty years. Are the reliability issues the same for the lower end models, 3 series or even 5 series?
3. Can anyone else recommend a luxury sedan with much better reliability issues? I know Japanese is probably much better, but Im not a fan. I was looking at the X Type.
Thanks again for this really informative source!
However, I am not one to discourage courage in a man, so you could start here:
http://www.installer.com/kits/