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Comments
I plan on keeping the car for 6-7 years. I purchased the 4 year/50000 miles full maintenance program upgrade for $750. I am also thinking about an extended warranty. The dealer offered me 6 years/100000 miles for $2700 however WarrantyDirect(highly recommended on carbuyingtips.com and other sources) quoted me $1650. Should I buy the extended?
Thanks for your input. Also thanks for all the good advice I've gathered over the past few months from all who have submitted entries.
As far as extended warranties, I have always been somewhat skeptical of their value. I currently own a 1995 Nissan Maxima with 116k miles and have had absolutely no repairs that would have been covered by an extended warranty over the base 3/36. Granted, the cost of repairs on a 530i would likely be higher than a Maxima, but from everything I've read, the BMW 5-series has an equally outstanding reliability rating and the inline 6 is a real workhorse.
Obviously, warranty companies are in business to make money, not lose it. If - as it appears - you plan on taking good care of your 530i, and subsequently haven't encountered any problems by the end of the standard 4/50 factory warranty, I think the likelihood of major mechanical repairs between 50k and 100k miles is relatively low. I also fully intend to keep my next car for 6-7+ years and if it ends up being a 530i, I would not consider paying $2,700, or even $1,650 for an extended warranty. I would perhaps rethink this if I end up getting a 540i or M3/M5, but not on the 530i or 330i. And, in fact, one of the factors that would lean me to a 530i over a 540i is my perception that the 6 cylinder engines have slightly better long term reliability (not to mention $10k in savings and fewer trips to the gas pumps).
Just my two cents. Enjoy your 530i!
Also, if you have driven the 540 6spd, how was the power delivery compared to the 530? Reliability aside, which is one of the main reasons I am going with the 530, was the power that much more desirable?
Thanks.
I thought the 530i shifted very precisely and exhibited very good power. I "punched it" in 3rd gear at 50 mph and it had plenty of pick-up. Frankly, I didn't find the 540i to have that much more. Shifting the 530i was great. Firm but smooth clutch and nice short throws. The 540i seemed to have a little more play in the stick, but perhaps it was just "broken in". I am sure that if pushed to the limit, the 540's extra 70 hp and 100 lb-ft of torque would be evident, but in "reasonably" aggressive driving, the 530i felt very good. Certainly more powerful than a 528i 5-speed I tested a couple of years ago.
I needed to go through this exercise to satisfy myself that I wouldn't be dissapointed with the power of a 530i vs. the 540i. I don't think I will. And, in fact, I suspect that a 530i equiped with a sport package will feel even tighter in the turns than the heavier 540i.
Another thing I did was take my Stanley tape measure to get a comparison between the 330i and 530i in size. With the driver's seat positioned for me, there was roughly 5" of space in front of my knees in the back seat in the 530i (I'm 5'7"). In the 330i, there was 6". However, measuring the rear seat width between the door handles (hip room??), the 530i measured 53", the 330i 51.5". Relatively speaking, the extra 1.5" +/- of width on the 5 is more important to me than the extra 1" of leg room on the 3. But there really isn't much difference in size. What influenced you to the 5 over the 3?
On the day of ordering, I actually talked over with my wife about the numerical comparison of the available spaces in the 2 cars. However, as you have said, when we actually sat in them, the increase width made a world of difference. The leg room was not so evident, and was not much of an issue just you have said. Since we have to fit a baby seat into the car, and probably another one in a couple of years, more lateral space made sense for us.
FWIW, I was recently at my dealership to discuss my end of lease options and just happened to have my seven year old with me, so I popped him in the back of a 530i, booster seat and all, and then set the front seat for me. Oddly enough, even though the specs have not changed from the 1999 528i, he had more room in the 530i than my 328i (contrary to what I discovered in 1998). I do not know if BMW has redesigned the back of the front seats to allow for more knee room or if I just set the front seat differently, or maybe a little of both.
I am now seriously considering a 530i to replace my 328i when the lease expires in April 2002.
Best Regards,
Shipo
The dealer who sold us the 318ti convinced us to spring for the extended warranty, explaining that with BMWs, if anything did go wrong it would be very expensive to fix. Our gut feel was to not take the extended warranty, and we regret having gone against our instincts. At 68,000 miles the 318 has been totally trouble free, except for a fuel tank sensor replaced under warranty.
Now here we go again. The 3- and 5-series cars are among the more reliable, which is why we are going with the 530ia over the other more affordable cars we were considering. We are definitely NOT BUYING the extended warranty this time. We'll bank the difference and if we are among the unlucky few who do have problems, we'll bank the money now and worry about it then. Chances are the future value of what we are not spending on the extended warranty will cover the lions share if we are among those unlucky few.
I have not had the opportunity to use their service department yet. I will have the first opportunity to use it Friday.
One good sign is that I called them today for an appointment and they offered me Thursday or Friday. This is good because some post say they were told by their service department that they had to wait weeks for an appointment.
jls21 - I agree, the appearance of the 5 is second to none in it's catagory. (Although I did walk into a light pole admiring a slate gray Ferrari 360 the other day).
4.4 V8 in 540 is already a top notch engine according the C/D mag which very few other V8s can match. I think that this is the main reason BMW has not refined it for the last 5 years. BMW, has to refine the I6 to stay ahead/compete with others (like Lexus) but not the 4.4 V8 until 2002.
Good luck in your selection. Hnn.
I'm wondering if this is something that will phase out as the drivetrain settles in -- or if I'm being overly critical.
I havent noticed the loud Aux Fan noise. The model that I got had allready the fan replaced. I have nothing to compare with .
Let me know what your dealers does for the stupid smell, or Im gonna have to start buying pines trees.
thanks
Good point. However the exact domestic invoice price for the specs on the black 530i I want is $42,245: Base ($35,665), Destination ($645), Sport Package ($1,955), Leather ($1,235), Moonroof ($895), Zenons ($425), Fold down rear seats ($405), premium stereo ($1,020). The European delivery price is $2,645 less, making invoice at $39,600. At an assumed $1,500 over invoice, the prices become $43,745 for domestic delivery and $41,100 for European delivery (ED).
Compared to a similarly optioned 330i, the price differencial is $5,570 for ED and $5,920 for domestic delivery. The invoice price on the 330i for domestic delivery is $36,325: base ($30,750), destination ($645), Sport package ($1,020), Premium package ($2,465), Cold weather package ($850), bi-Zenons ($595). There is a $2,300 discount for European delivery for the 330i, making the ED invoice price $34,025.
If I further try to option the cars similarly, there are items on the 330i that are extra on the 530i as equipped above, such as: Lumbar support ($340), rain sensing wipers, auto-dimming mirror and heated seats (estimated at $750). As you can see, the price differential of the 530i to the 330i can be as much as $7,000 or more. Then of course, there is tax, license and registration that is more on the 5 than the 3. All this assumes an equal dealer mark-up on the 5 and the 3. In my area, however, I am not sure the $1,500 mark-up is obtainable, especially on the 3. All I am saying is that as much as I would like to get the 530i, is the extra few inches of interior room worth the extra money (over the 330i) and can my budget take the extra hit (of course if I was fiscally irresponsible I'd buy an M5).
Cityscapex5:
There are a number of web sites that list ED invoice prices, including www.Eurobuyers.com. In so far as negotiating prices on ED delivery, I expect to, and a number of posts on this board suggest doing so.
I have also noticed that the 3-series tends to hold its value somewhat better than the 5. I wouldn't mind paying a $6-7k premium for the 5 if I thought it would be worth more in the end. However, it appears the difference in resale value tends to diminish to the point where a 5 isn't worth much more than a 3 after 3-4+ years (at least if Washington Post used car asking prices are any indication). This probably is a moot issue for me, since I tend to keep cars 7+ years and 100k+ miles.
One thing I did notice was that the premium stereo in the 5 sounds quite a bit better (IMO) than the HK in the 3. Hardly enough to justify $6k more for the car, but I wish they offered that system in the 3. Also, the thigh bolster in the 5 is powered and in the 3 is manual, if you need another $30 gizmo to help justify the 5.
P.S. Careful about criticizing the M5 as fiscally irresponsible. I have a business associate who bought a 540iA sport at the exact same time his brother bought an M5. Both are 2000 models with about 18k miles. The M5 has held its value quite a bit better than the 540iA, according to my friend. He is still pee'd off at his wife for refusing to learn how to drive a manual. He pointed out to her that his $55k car is now only worth $42k+/-, whereas his brothers $72k M5 is still worth about $65k. He conveniently excludes the additional sales taxes, luxury tax and gas guzzler charges on the M5 from the equation.
If I was really wealthy,I'm sure I'd look upon a M5 as a great toy I'd deserve.
BMW has a pretty strict allocation system. I used to work for CarMax, which sold its BMW franchise because there was simply no way to build the business. They would get 11 cars a month to sell (domestically) and that's it! But CarMax was doing several ED's per month, which annoyed BMW after a while since it got around the allocation system.
So, an ED deal is kind of like a "freebie" extra car for them to sell (except for M's, Z8's and the like).
After I had left the company, I bought an '01 530 5-speed on ED for a "no haggle" $1800 over invoice, or $38.9K for a $44.5K sticker. But I've seen posts where people do a couple hundred better than that.
Remember, it's a freebie to them! (Just a little paperwork...)
As for resale value, I looked at the kelly blue book, low wholesale price as a comparison. For 2000MY, at 15K miles, SP, PP, Premium Sound, 5-speed, the 528i came in at $34,060 while a 328i came in at $32,335. For MY1999, at 25K miles, the 528i was $29,770, while the 328i was $28,835. When you go back prior to that, you get the previous model 328i, and the prices drop.
P.S. As for my comment on the M5 as being fiscally irresponsible (for me), what may be irresponsible for me may be responsible for you.
I also had to have the cup holder replaced because it had broke. I asked why BMW put such a cheap, unless cup holder in the car. They said in cars sold in Europe they do not have cup holders in them so when they make them for the US it is like an after thought and they just insert it were they can and don't put much quailty in it. I guess this is why it is a great handling car but leaves something to be desired inside.
They also replaced the aux fan.
If you are looking for a BMW 525, 530,or 540 to test drive in the WMA, Passport BMW had several on the lot today.
I had a problem with my fan mostly when it was a little warm outside and the AC would come on. SInce it is cold in DC now I probably won't get a real chance to see if it is still a problem until Spring.
In checking the Edmunds prices, I expect that I would have to pay about $2500. more for the 530. Does this seem right?
Are dealers in the New York area offering deals? I have read in some posts that $1200. over invoice is about the best pricing. Is this on the 525 or 530? If anybody has any info, I would appreciate it.
2025 Toyota Crown Signia Hybrid, 2022 Ram 2500 Laramie 6.4 Hemi, 2007 Mazda MX-5 Miata PRHT
$1200 is about the best that I have seen as well, except that there are hidden numbers that would jack up your net effective price. Here's what you should ask for:
(a) Advertising fees/MACO fees/Training fees
(b) Documentation fees
(c) After all the fees that they have stated, ask them - "are there any other fees that I should know about that I will not get surprised when I arrive to make the deal?"
Good luck, I am in the market too for a 525 - which I find is quite adequate especially with the 5-speed and have been looking around.
You better! I contemplated for a long time and it was a no brainer as far as whether to buy or not.
The big question is from Whom?
BMW are awesome, but they have tremendous amount of electronic components that can fail and each one is $500 min for parts and labor. If you can have your current dealer CPO' it, then this is the best thing to do. Talk to BMW corporate or BMWFS if you can and you can pay for it ~$1200-$1500 for 6 years/ 100,000 miles from inservice date. If not let me know and I can share my knowledge with you about 3rd party warranties.
Spyderred,
Also, does the sport package degrade the ride over the standard set up. I haven't been able to drive them back to back, and the dealer with the sport in stock only took me on smooth roads. I have a 55 mile each way commute and while I like the idea of the sport package, I just don't know if is worth it or necessary. Comments?
2025 Toyota Crown Signia Hybrid, 2022 Ram 2500 Laramie 6.4 Hemi, 2007 Mazda MX-5 Miata PRHT
I know the dealer will turn a good profit but I had my sites set on getting a new 5-series. At least around my area, 5-series cars sell quickly. Therefore heavy discounting is not the norm. One consolation is that the the car will hold it's value.
ride characteristics I have been experimenting with tire pressures for a while now
trying to find just the perfect combination, I'm almost there. I am thoroughly sold on
the sport suspension and 17 in tires and wheels that I wouldn't have my bimmer any
other way. Thanks for allowing me my 2 cents. Please re-read the comments by cmi at
post 1442.
Rode and drove like an absolute dream. Fell almost madly in love with it (would've if she were red with black interior). Now I KNOW why this is absolutely, positively the BEST all around high performance sport sedan (barring the M5) in the world!!!
Is this a good deal? What should I be looking for as regards a 4-year 50,000 mile 540i? Tires looked great. No exterior problems. Seats and carpet in great shape. Everything worked as it was supposed to. Didn't hear any odd noises. No unexpected shakes, shudders, vibrations, etc.
Seems rock solid. (Plus there is a 5-day money back guarantee and 3 month/3,000 mile bumper-to-bumper warranty with no deductible.)
Am I a fool for not selling my soul immediately in order to buy it?
out at an independent shop might be well worth it.