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F10 / F11 (2011 - Current)
The new chapter in the highly successful story of the BMW 5 Series Sedan (F10) and wagon (F11)

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  #1  
Old 08-17-2012, 12:57 AM
beambeamME beambeamME is offline
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Demo purchase!! Help urgent

so i got a quote for the 2011 factory demo 528i and X5. I need to buy a car soon since my current one running on it last breath ....over 250,000 mileage
the 528i with 14k mileage: convenience pkg, premium pkg, sirius satellite radio (expired), drive assistance pkg, ipod & usb adapter, cold weather pkg, xenon headlights, front and rear park distance control.
msrp $57,000 -$10,000 off = $47000 + tax&fees

the 2011 X5 (35i) with 15k mileage: convenience, technology pkg, cold weather pkg satellite radio (expired), running boards, smartphone integration with cinnamon leather seat.
msrp $60,000 - $13,000 off = $47000+ T&F

are these a good dealer? i want to negotiate more but still haven't try yet. what do you think the price i should pay for them? Is it possible for one of these to go around 40, 41, or even
42k price range or am i just dreaming?
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  #2  
Old 08-17-2012, 03:08 AM
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Leslierc Leslierc is online now
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Seems high to me. 2013 models are already out, so I would be very aggressive with an offer (particularly regarding the 528i). Based on my experience with BMWs, expect a minimum of 20% depreciation after the first year. If it were me, I'd leave the 528i alone and go for the X5 and offer them $45K OTD.

Good luck!
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Last edited by Leslierc; 08-17-2012 at 11:40 AM.
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  #3  
Old 08-17-2012, 04:25 AM
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Needsdecaf Needsdecaf is offline
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You could have gotten close to that price when the 2011 was new, not 2 years old. This sounds like a total ripoff. You should be able to get a new, 2013, car for about $500 over invoice.
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  #4  
Old 08-17-2012, 07:06 AM
omaralt omaralt is offline
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i got a brand new 2012 535 msport for $8K off MSRP. with only 7 miles on it.. with that many miles and it being a 2 yr old car i wouldnt consider it unless it was ~$15K off MSRP. dont look at it like your buying a new car; your not. your buying a used car. according to KBB this car; if in excellent condition is worth $43K..
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  #5  
Old 08-17-2012, 07:44 AM
Emilner Emilner is offline
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The prices seem really high for a 2 year old car/truck. Another thing to consider is that as a demo that car has had a pretty brutal life for quite some time. It never had a proper break in and was punished on test drives while still cold. I would not purchase if you intend on holding for another 250k (I would never plan on buying an f10 for that long anyway- it will be a fortune to maintain).
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  #6  
Old 08-17-2012, 08:04 AM
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You can get that price on MY12 new ones on the ground right now.
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  #7  
Old 08-17-2012, 09:15 AM
skohler skohler is offline
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So does the warranty coverage start when you buy the car? Are they going to add 14k miles to the end of the coverage? My guess is that you will have 4 years but only 36k miles left. It's not really a fair way of looking at it but what would a used 2011 528 with 14k miles on it be worth on Edmunds or KBB? That is the number I would start from and gradually work up.

You can guarantee those were a tough 14k miles for sure. I think I would pass unless the dealer becomes motivated to sell.

Good luck.
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  #8  
Old 08-17-2012, 10:57 AM
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Needsdecaf Needsdecaf is offline
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Dealers like to make a big deal out of demos like they are something special. They're really not. They're just another used car, probably worse than a 1 owner who likely treated it better than the GM or the loaner drivers who had it and didn't give a ****.

A lot of times, a dealer demo can't be eligible for CPO since it hasn't been titled.

Manheim Auction states that for a 2011 528 with about that many miles, the auction price (hammer price) is between $36k and $38k. Add auction fees, transportation, reconditioning and profit, and your'e looking at $41k to $43k. $47k is WAY too much money.
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  #9  
Old 08-17-2012, 12:19 PM
Alan L. Alan L. is online now
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Walk away. You can get a brand new 2012 528 with the new more powerful turbo motor for alittle more than that.

Alan
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  #10  
Old 08-17-2012, 12:31 PM
jason60050 jason60050 is offline
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The sticker on my car was near $63k and I got it for a little under $49k and it was new on the lot. It was year end clearance and it is a 6mt.
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  #11  
Old 08-17-2012, 01:09 PM
beambeamME beambeamME is offline
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Quote:
Originally Posted by skohler View Post
So does the warranty coverage start when you buy the car? Are they going to add 14k miles to the end of the coverage? My guess is that you will have 4 years but only 36k miles left. It's not really a fair way of looking at it but what would a used 2011 528 with 14k miles on it be worth on Edmunds or KBB? That is the number I would start from and gradually work up.

You can guarantee those were a tough 14k miles for sure. I think I would pass unless the dealer becomes motivated to sell.

Good luck.
The warranty coverage already started, basically whatever left on the clock.
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  #12  
Old 08-17-2012, 01:15 PM
Alan L. Alan L. is online now
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Quote:
Originally Posted by jason60050 View Post
The sticker on my car was near $63k and I got it for a little under $49k and it was new on the lot. It was year end clearance and it is a 6mt.
Plus yours is a 535 vs his 528...
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  #13  
Old 08-17-2012, 01:23 PM
beambeamME beambeamME is offline
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Quote:
Originally Posted by jason60050 View Post
The sticker on my car was near $63k and I got it for a little under $49k and it was new on the lot. It was year end clearance and it is a 6mt.
I wish i have a little more money to buy (10 grands)
But my budget right now is around mid $40K and under (and that is for OTD). I know i should get a 3 series for that budget but 3 series kinda small and the material feels a little cheap compare with 5 series. And yes, i am planning to run it until it died (like a current one right now) I am only 23 right now so that all i can do.....
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  #14  
Old 08-17-2012, 01:35 PM
beambeamME beambeamME is offline
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Quote:
Originally Posted by jason60050 View Post
The sticker on my car was near $63k and I got it for a little under $49k and it was new on the lot. It was year end clearance and it is a 6mt.
I saw they have 2011 demo 535i in stock with only premium pkg with 15k mileage and manual.... for $46K
but with manual+ twin turbo +demo = bad combination . just my 2 cent
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  #15  
Old 08-17-2012, 02:01 PM
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Quote:
Originally Posted by beambeamME View Post
I wish i have a little more money to buy (10 grands)
But my budget right now is around mid $40K and under (and that is for OTD). I know i should get a 3 series for that budget but 3 series kinda small and the material feels a little cheap compare with 5 series. And yes, i am planning to run it until it died (like a current one right now) I am only 23 right now so that all i can do.....
Just make an offer based on what you can afford. I would imagine that they're desperate to sell '11 demos.
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  #16  
Old 08-17-2012, 02:47 PM
omaralt omaralt is offline
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Quote:
Originally Posted by jason60050 View Post
The sticker on my car was near $63k and I got it for a little under $49k and it was new on the lot. It was year end clearance and it is a 6mt.
I saw a few of those when I was car shopping. The reason they let them go so cheap because manual transmissions are hard enough to sell. A manual with no sport pack makes absolutely no sense. Why would they build it like that??
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  #17  
Old 08-17-2012, 06:21 PM
beambeamME beambeamME is offline
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Originally Posted by omaralt View Post
I saw a few of those when I was car shopping. The reason they let them go so cheap because manual transmissions are hard enough to sell. A manual with no sport pack makes absolutely no sense. Why would they build it like that??
true to that. it likes buying Prius that can only get 30mpg max
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  #18  
Old 08-17-2012, 06:35 PM
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There were LOTS of issues with the 2011's. I would rather buy a 2012 with less options than a 2011 fully loaded. What are the options worth if you don't enjoy driving the car??? (Pulling to the right, jerky acceleration, less powerful engine, etc.) I'm sure you can get a brand new 2012 for about the same price right now.
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  #19  
Old 08-17-2012, 07:17 PM
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Stealth.Pilot Stealth.Pilot is offline
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Quote:
Originally Posted by alex_c View Post
There were LOTS of issues with the 2011's. I would rather buy a 2012 with less options than a 2011 fully loaded. What are the options worth if you don't enjoy driving the car??? (Pulling to the right, jerky acceleration, less powerful engine, etc.) I'm sure you can get a brand new 2012 for about the same price right now.
Yeah but he is looking at a 528i. The one with the bullet proof naturally aspirated engine in 2011, but the unknown quantity 2.0T in 2012.
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  #20  
Old 08-17-2012, 07:18 PM
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Stealth.Pilot Stealth.Pilot is offline
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Quote:
Originally Posted by jason60050 View Post
The sticker on my car was near $63k and I got it for a little under $49k and it was new on the lot. It was year end clearance and it is a 6mt.
6MT pricing is not representative. 6MTs are notoriously hard to sell and sit on lots for ages. Most dealers don't order them, so they usually are on the lot because a customer ordered and cancelled.
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