PDA

View Full Version : 2004 530i - What do you think?


HPLouis
05-25-2007, 06:07 PM
http://www.lifequalitybmw.com/Preowned-Inventory.aspx?InventoryId=18838461

This is the car that I was looking at getting. It's a CPO. They want $32,600 for it. I applied for the financing and was approved at 4.9% for 72 months with the first two payments covered.

They also offered an extended maintenance plan for $1995. They offered $6,500 as trade in on my car. My current car has 109K on it.

When it's all said and done, I'll be looking at a $450/mo car payment.

I've got the weekend to think about it. What do you guys think? Is there something I should look out for with the 530? When I got my 328Ci, I didn't know about the subframe or the tranny problems? Are there any problems with the 2004 5 series.

I'm also scanning through these forums this weekend so I could make a more informed decision. Any help that can be provided would be most certainly appreciated.

Thanks,
Henry

LordByron
05-29-2007, 12:37 PM
There is plenty of information on 04 E60's on this forum, when I was looking at buying my 530 I found plenty of information on this board.

Now, to answer your question I'm not sure what options come with the car but lets asume its CWP, PP, CPO, NAV, BT, I would probably pay around 30K. Make sure BT is enable and get the latest NAV CD from the dealer.

Good Luck.

525iEnjoy
05-29-2007, 01:12 PM
The Maintence Plan should be around 1200..I forgot the website it was on E60 forums has it somewhere

jtp1947
05-30-2007, 08:37 AM
Do not pay that amount for the extended maintenance plan. Go to www.twinkidneygrill.com and in the coupon or discount box type in fest for an additional $50 discount. Twin kidney grill is an Atlanta BMW dealership and Rodney O'Rourke works in finance and sells the maintenance agreement and/or extended warranty. Both are good at any BMW dealership.

HPLouis
06-01-2007, 05:47 PM
Hello,
I went to another dealership to buy another 530i for a lower price. I saw a car going through the CPO certification. It was a Titanium Grey? or Titanium Silver? (can't remember the name of the color right now) 545i 6sp man, sport. It had 30K miles and had a grey leather interior. I drove it and fell in love.

Then I quickly fell out of love when the salesman said $43.9K. We argued for over 3 hours and he wouldn't budge off the price. They ran my credit again and I was approved to finance this car too. At that point I felt I had the upper hand and walked out of the dealership.

I searched around the NYC area (on the internet) for another 545i but they were all gone. I guess people are snapping them up now with the BMW financing. The salesman called me several times at work and continued to drop the price. Eventually I ended up agreeing on $40K even and I picked up the car.

I've been driving it for the past couple of days and it's been a blast. Thanks for all of the advice and now I'm currently reading up on the car and several forums learning about it.

The car also has a cold weather package, Logic7 radio, and Xenon headlamps. It has a build date of 05/04.

Thanks again,
Henry

Russ Williams
06-01-2007, 06:37 PM
Does it have sport package?

HPLouis
06-01-2007, 09:18 PM
Yes, it has the sport package

dwlink
06-01-2007, 10:27 PM
About mine....

2004 530i. Sport Package, Xenons, Premium Sound, Cold Weather Package, Rear Heated Seats, 42k miles at purchase, listed at at 30k. Photos coming soon (I'm new here)

Russ Williams
06-02-2007, 07:50 AM
Yes, it has the sport package

Then I would definitely say a pretty good price from a dealer. I recently purchased an '05 545i with 35k miles, Sport, Logic7, PDC, & Bluetooth for $42,800 from a broker plus $1,500 for his fee. Best price I could find from a local dealer was $51,000

HPLouis
06-02-2007, 01:01 PM
Then I would definitely say a pretty good price from a dealer. I recently purchased an '05 545i with 35k miles, Sport, Logic7, PDC, & Bluetooth for $42,800 from a broker plus $1,500 for his fee. Best price I could find from a local dealer was $51,000

Thanks. I've never had to fight so hard with a dealer just to knock down the price. He was not going to budge off the $43.9K price. It wasn't until they ran my credit and saw that I had the buying power to get the car before they wanted to talk price to me and by then, I already walked out of the dealership and was back at my desk.

There was another 545i in GA that I saw on EBay that I was going to fly down to purchase. It was also at a dealer.....the same exact car, CPO......but it had 45K miles versus 30k like this one. They wanted $38.9 k for that one. Even when I threw that in their face they wouldn't budge.

It was one long negotiation.

Russ Williams
06-02-2007, 03:52 PM
Just one more reason why buying a used car from a dealer is just not worth it. Glad that it sounds like your deal finally worked out okay.