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Comments
I am just about to order a 2002 BMW 530i and I think I found a great deal. I live in NYC, but have been dealing with various dealers in NJ who seem to be more competitive and NJ dealers allow you to participate in a multiple security deposit program which really lowers the money factor and brings down your lease payments. I am going to lease the car for 36 months, 12,000 miles per year. The car comes with steptronic transmission, cold weather package, premium package, xenon headlights, Hi-Fi radio system, heated steering wheel. The cap cost of the car is $44.386, the invoice of the car is $42,410 and the MSRP is $47,120. The residual value is 62% with a money factor of .00265. However, I am prepaying 10 payments as a security deposit which lowers my money factor to .00175 and the deposit is returned to me at the end of the lease. This saves you about 12% on your your payments on your lease. It's like loaning BMW the money so your payments go down by 12% and you get the principal back at the end of the lease. The final numbers are $570 per month, $8,743.50 due at inception, this includes $6,000 as a refundable security deposit (mentioned above), $570 1st payment, $525 bank fee, $225 DMV fee, $148.50 tax on cap cost reduction, $1,275 additional down payment. Out of the $8,743.50, I get $6,000 back and the 1st payment is paid. I am really only putting down out of pocket $2,173.50 which I will not benefit with exception of reducing my cap cost. I first read about BMW dealers being rude and non-caring, however, I have actually had a good experience so far. I have dealt with seven different dealers all over NJ and to my surprise they are all trying to beat each other with the lowest deal and they have been very friendly to me.If anyone has a 2002 530 already please let em know if it is worth it to get the navagation system and the six cd changer for an additional $18 per month and $700 upfront. Also, is it necessary to get the radio upgrade. I can replace the radio with the navagation system and cd changer for the same price. Is it better to have all three options, or just the upgrade radio or have the GPS and cd changer without the upgraded radio? Any suggestions would be appreciated. Also, if anyone has any questions regarding my lease deal please let me know.
Thanks. Richard
So we are going to the dealer to place an order on the 530i this Friday, after driving the E class and the 5. E class definitely has more romm and 5 actually has less leg room in the rear (by hair) than the 3 series, but it just is so nice!
Congratulations on your upcoming order of a 530i.
I got the standard stereo system and have noticed that the speakers sound scratchy/tinny on AM stations. Seem to be OK on FM and CD's. Anyone experience this on earlier BMW's?
Also the rain-sensing wipers seem to have a mind of their own as to when they turn on and off. Definitely not in sync with the conditions. The intermittent feature seems to be only one speed. I read and re-read the owners manual and I believe I am operating these features correctly. Any comments or do I just take it back for service?
Best Regards,
Shipo
I agree, I live just west of you in Bergen County, NJ and for the handful of heavy snow days over the last three winters since I got my 328i, I have not even bothered even thinking about snow tires. Of course, in marginal conditions, we just take our Caravan, it works pretty well in heavy snow.
BGKanne,
Maybe I just got lucky, however, I have an E46 328i that was built in December 1998, which places it in the first couple of months production for that car. So far (touch wood), I have had to replace two $2.00 taillight bulbs, that’s it. My lease is up next spring and I may extend it a little so as to be able to have a better look at the next generation 5-Series.
Best Regards,
Shipo
I have no doubt that the new models (E or 5) will be technically superior products, but better product in terms of quality? I hope so, but that is to be seen, and I am sure they will be busy with the "new and improved design" of the new model before the very first example hits the show room.
Just my 2 cents.
M
I personally think the interior of the CLK is exceptional. I just stopped by the dealer yesterday to have him "tease" me with a CLK55. Lots of reasons why I wouldn't buy the car: the $70k price tag, lack of a six-speed and dated chassis...but the interior layout is, IMHO, the most attractive I have seen in any sport coupe. It looks like a "sculpted" cockpit, not a separate dash attached to a center console attached to the armrest. I wish BMW would take some interior styling cues from this particular Mercedes - at least with the M3. For all the reasons my next car is likely to be a 3 or 5 series, the interior is not one of them.
Just my two cents.
merckx,
I too thought the CLK was a little heavy around the c-pillar at first, but that notion went away after about a month of seeing them on the road. However the next CLK (still C-Class based) will be styled to resemble a smaller version of the CL coupe.
M
Any pros/cons for either car?
The areo will most likely be faster in a line than the 525--It's got 230 hp vs 189 hp, and an even bigger torque advantage. It's a bit bigger, and will likely have more features per dollar.
The 525 will probably handle better, be quieter and smoother over bumps, be more reliable, and have better overall quality.
If you want to lease, and can get a sweet lease deal on the areo, that might be the way to go. I have both a saab and a BMW, and the out of warranty saab is making me nervous. If you want to keep the car for a long time, i'd pick the BMW. In the end only you can decide what car you like, though.
dave
Of course this is a personal choice, like color, so let's hear it, and why. I imagine the driving enthusiasts (maunal advocates) are in the majority on this board, so those voting steptronic may have to shout to be heard.
Cheers, Andy
On the first point, If there will more than one frequent driver, you may wish to seek concurrence rather than grudging acceptance of your choice. If you both agree, or you're the only driver, then that's obviously easier.
On the second point, I generally prefer & recommend the manual transmission if you are planning to be usually driving in a non-urban area and are not going to be towing. Since towing is frowned upon by BMW/NA, that's a non issue. BMW's I-6 is famed for its smoothness, and the variable valve timing provides for useful power over a very wide rev range. There are few sedans as delightful as a 530 on highway one, and the manual would be the preferred choice for me in that context. the manual box in the 5 series is a delight, and the clutch is progressive.
However, If you're probably going to be faced with a lot of stop & go / bumper staring driving in a heavily urbanized area day after day after day after day, etc, , then I'd vote for the auto box. Unlike the frequently recalled ZF auto-box used in the V engined cars, the I-6 cars use an excellent "Turbo Hydro" (i.e, TH in bmw-speak) unit built by GM in France and used in several cars (among them being - in 4 speed form- the Opel Omega MV6 / Cadillac Catera / Vauxhall Omega. etc. and in 5 speed form the 2003 Cadillac CTS). That unit functions superbly, but suffers from the problem of limited U.S. vehicle application, so high-mileage maintainence repairs must be performed at either a bmw or cadillac dealer (that means high expense for a rebuild). The independent shops are generally not able to perform rebuilds on those units. That issue may be academic if you plan to keep the car for less that 120k / 150k miles or plan to have the trans fluid changed every 25k miles in spite of the manfacturer's statements that the units are 'sealed for life' and other such noise.
In the event that you live witin the northern part of the city of San Francisco, then it's a no brainer: get the auto-box. Stop & go traffic combined with the joys of lombard street or Jones street make that an easy choice. If you live in Carmel or Stinson Beach, and commute from the city, get the manual.
Conclusion: pros and cons to both choices, but your driving conditions may be a deciding factor for you.
I test drove the 530 with step because that is all they had at the dealer, but it was actually pretty good. In comparison to the E class unit, it was quicker, at least to me. However I still like the 5spd, and my wife who will be driving the car more than me wants to buy it and learn (on my 95 Acura). I have only driven manuals for about 7 years, but as good as BMW step was, I still feel that it is slower than the manual.
As for the durability, from what I have found out, it seems that the failures are consistent whether it is ZF or GM made units. And the sealed design makes it difficult to change the fluid, and it will cost around $500, but that doesn't seem to really give you that much more for the money. I keep my cars for more than 5 years, and typically put in about 150,000 miles before I replace it, so long term durability was a definite factor. If the steptronics did have bullet proof reliability, I would probably buy that for my wife, but if I were driving more, then still 5spd.
Dan
MTX sub and 450 wts amp for < $ 900. Muck less than the 1200 for BWM sound systemt upgrade and much more power. Circuit City did a great job, no even need to dismantle the dash . All pre wires were ready in the trunk. Am I happy? Hell yes.
Having said that, there is one problem with the manual that is very difficult. When driving in heavy stop and go traffic, given how quiet and smooth these cars are, if you have the stereo too loud you cannot hear or feel the engine to know when to shift. When I first got my car, I was listening to Stevie Ray Vaughan on the CD one day while in heavy traffic and I was jerking the car around like I was driving a stick shift for the first time. Very embarrassing!
Best Regards,
Shipo
I hate to admit it, but I have twice thrown the gear into reverse instead of first. Luckily I felt it right away. Has anyone else done this? I drove a 5 speed Maxima for 11 years with the reverse gear in the right and down position. It takes some getting used to.
Best Regards,
Shipo
Overall, I am extremely happy about my decision. In fact, I now can confidently state that it is unlikely I will buy anything other than BMW in the future.
I saw one entry where someone added a sub and amp from Circuit City. What Circuit City location did you go to in WMA?
How easy is it to do this. I took my old car, Acura, to a circuit city to get new rear speakers and it took me 3 trips before they got it right.
On the Auto Vs Manual Trans - I to live in the Washington DC area (Gaithersburg). I have the Auto trans. This is the first automatic that I have owned in 18 years. Auto Vs Manual is a personal choice that's different from everyone. I just got tired of the traffic and having manual trans as well.(and I have had some very smooth Manual trans) Traffic only moves a few feet at a time on beltway at times. They are fun to drive when you can really drive. At times I miss the feel on the manual trans but when I am in traffic I am glad to have the Auto Don't be fool by the BMW steptronic Auto trans - it is no real comparison to a manual trans and does not give you any where near the excitement of one.
I have ordered an 02 530i w/ steptronic and w/o the sport package. I am wondering how much do I lose (handling) by not having the sport package. The dealer did not have a (sport) demo, therefore I could not compare the two models.
The cost adder is $2300 for 02 530i's.
My other 5-speed is a Miata, and I never realized how much I rely on engine noise (it has plenty) to smoothly balance adding gas with engaging the clutch!
I feel that the ride is a bit rough. On all but the most newly paved roads, I pretty much feel every road imperfection and texture as I drive. Perhaps I have too much air in the tires.
Also note that I have only 350 miles on the car, will the ride get smoother as the car breaks in?
Thanks in advance for the advice.
Joe
You did not mention in your post whether you actually checked your tire pressure in all of your tires. When picking up a new car that has been transported, it is important to check the pressure because prior to transport, the tires are filled to a very high pressure to prevent bouncing. When I took delivery of my car, my dealer forgot to let some of the air out, and I had a very hard and twitchy ride until I got it sorted out.
Best Regards,
Shipo
The front tires were at 36.5 and the rear were at 40.5. I brought the front down to 35.5 and the rear down to 40, but that didn't make a noticable difference.
That's exactly why I'm asking.
Thanks!
I have no idea if the numbers for the 5-Series are even close to those of the 3-Series, so checking the Owners Manual will give you the definitive answer.
Best Regards,
Shipo