Need your opinion on this deal

550xiM

This is a used, CPO 7800 miles fresh trade in. 75k original sticker, being sold for 64k as a CPO. Has CW, conv, P2, MPack, Navi. Prodiction date 12/10 in serv date 2/28/11

Thoughts on price? Thank you

Originally Posted by BigPimp

550xiM

This is a used, CPO 7800 miles fresh trade in. 75k original sticker, being sold for 64k as a CPO. Has CW, conv, P2, MPack, Navi. Prodiction date 12/10 in serv date 2/28/11

Thoughts on price? Thank you

60k

lol good thing you didn't put a link... I might have swooped in 64 seems about the higher end of teh market, from what I've seen with my used car interactions I've only managed (paying cash mind you) to move dealers between $1100-400 even though I know the market clearly dictates less.

Agree with 60K or less. 75K is MSRP and nobody pays that. 60K is reasonable depreciation off invoice. 2012 models are already shipping.

I also attempted to buy a used 2011, but I found the economics to be unattractive compared with new 2012 given how high the used car prices were.

Originally Posted by Stealth.Pilot

I also attempted to buy a used 2011, but I found the economics to be unattractive compared with new 2012 given how high the used car prices were.

Yep they really won't budge at all.

Originally Posted by SuperTerp

Yep they really won't budge at all.

In my case the price for the used car was more than the price of an ED on a 2012. Given 2012 has 7k less miles and much better resale value, it was a no brainer choice.

yep, this is higher end of the range, no dice here. Loosing faith in this deal as I priced their wheel/tire package and they are hitting me over the head with that too! WTF

Originally Posted by BigPimp

yep, this is higher end of the range, no dice here. Loosing faith in this deal as I priced their wheel/tire package and they are hitting me over the head with that too! WTF

I think the problem is
the number of used(1 year old) F10 cars with some good options is very low.
i think its easier to get a deal on a used 535 .. after couple of years the scenario will be opposite

While I was shopping for a car for my daughter in July, I happened upon a dealer who does a large volume of high end used vehicles and asked about used F10. He said the prices are out of whack, probably because of the limited supply, so he was staying away from them at that time.

Originally Posted by DreamCar

I think the problem is
the number of used(1 year old) F10 cars with some good options is very low.
i think its easier to get a deal on a used 535 .. after couple of years the scenario will be opposite

A number of dynamics at work here:
1) 1 year old used cars are very rare. So not much price competition. Off-lease vehicles is where you get good deals, but no off lease F10s.

2) Many people who don't know how to get a good deal on a new one are willing to buy a current year used one if its close to new invoice.

3) Used car prices are ridiculously high. One of my friends sold an 07 GS350 for $31.5k. You can buy that new for $47k if you shop around. That's a ridiculous price for a 4 year old car. It seems all used car prices are high. See this article. In this article Jalopnik's analysis shows that the price of a 3 year old car has gone up about 50-60% since 2007. That's a staggering increase in used car values. I don't think it has financially made sense to buy used since 2009.

If used cars prices stay this strong, I am going to do ED every year and sell my car every year.

I understand supply and demand but there are plenty of non m packet 550i or XIs around selling under 60k with one selling for 57k without actual negotiations. So the question is does M Pack really add that much value?

Originally Posted by BigPimp

I understand supply and demand but there are plenty of non m packet 550i or XIs around selling under 60k with one selling for 57k without actual negotiations. So the question is does M Pack really add that much value?

Personally i don't like the M package that much. its just adds looks wonder why M package is on so demand.

Pros: Front bumper is really good/better than the stock.

Cons:
1) The wheels on sport package looks better than the M package
2) The rear bumper really spoils the look , for some reason i dont like the blackened look but it looks good on white and silver though
3) will loose the silver lining on steering wheel
4) will loose illuminated door sills

Originally Posted by Stealth.Pilot

3) Used car prices are ridiculously high. One of my friends sold an 07 GS350 for $31.5k. You can buy that new for $47k if you shop around. That's a ridiculous price for a 4 year old car. It seems all used car prices are high. See this article. In this article Jalopnik's analysis shows that the price of a 3 year old car has gone up about 50-60% since 2007. That's a staggering increase in used car values. I don't think it has financially made sense to buy used since 2009.

Used valuations are high right now but I am not sure one can extrapolate that far. Demand took a big hit beginning late 2008. Since most leases are 33-36 months in the US, it is now that the dearth of off-lease cars is being felt. The new car market (demand) actually recovered fairly well until something else hit it from the supply side this year: the Japan earthquake. That affected the supply lines of components not only for the Japanese manufacturers but almost everyone as well (to varying degrees). The lack of new cars pushes up the price of used cars.

Also, the GS may not be the most representative example. Because they are not selling well right now and a new model is around the corner, the deflated as-new price makes the depreciation (or lack thereof) look astonishing. But this is a fleeting moment in time where the 'new' price is lower than normal.

It would be akin to looking to at 2009 E350s or 2008 M3s now and basing one's expectations around the trunk-money laden clearance pricing of summer 2009 and Feb 2009, respectively. The last E350s sold for high 30s, low 40s that summer, and now they are CPO $30-35K depending on options. Not much depreciation in 24+ months. That's because the market usually doesn't price used cars around a minority of owners' new prices. Otherwise every single ED-available BMW would be selling in the used US market off ED pricing, and we know that isn't the case.

When you sell your car, will you sell at current US market prices (which will be based off the majority of purchases somewhere between US invoice and MSRP)? Or will you sell it at an ED discount?

Originally Posted by DreamCar

Personally i don't like the M package that much. its just adds looks wonder why M package is on so demand.

Pros: Front bumper is really good/better than the stock.

Cons:
1) The wheels on sport package looks better than the M package
2) The rear bumper really spoils the look , for some reason i dont like the blackened look but it looks good on white and silver though
3) will loose the silver lining on steering wheel
4) will loose illuminated door sills

With the M-Sport package you get a nice, thick steering wheel instead of the standard skinny steering wheel that they use on the X3 and 3 series.

Originally Posted by BigPimp

550xiM

This is a used, CPO 7800 miles fresh trade in. 75k original sticker, being sold for 64k as a CPO. Has CW, conv, P2, MPack, Navi. Prodiction date 12/10 in serv date 2/28/11

Thoughts on price? Thank you

Based on all the incentives available, you should be able to get a new one ~10% off msrp these days. Why not spend a few grand more to have the peace of mind knowing that you are getting a vehicle that will be broken in properly?

Originally Posted by BigPimp

550xiM

This is a used, CPO 7800 miles fresh trade in. 75k original sticker, being sold for 64k as a CPO. Has CW, conv, P2, MPack, Navi. Prodiction date 12/10 in serv date 2/28/11

Thoughts on price? Thank you

only thing a gona tell ya is I bought mine new from 71K MSRP to 63K applying all discounts...

That car should well below 57 K

Anyone know what the CPO is worth?

Originally Posted by bmwarchitect

Anyone know what the CPO is worth?

Roughly $2k.

Sent from my DROIDX using Bimmer

Originally Posted by mdk888

Based on all the incentives available, you should be able to get a new one ~10% off msrp these days. Why not spend a few grand more to have the peace of mind knowing that you are getting a vehicle that will be broken in properly?

only two 550 2011 available in the immediate area with M Pack. One xi one i, dont love the equipment on one and the color on the other. I am not seeing 10% off right now. The incentives are on the 535xi.

Originally Posted by bmw_enthusiasm

only thing a gona tell ya is I bought mine new from 71K MSRP to 63K applying all discounts...

That car should well below 57 K

Nice, how did you swing that and when did you buy? This car stickered for 75k

Originally Posted by bmw_enthusiasm

only thing a gona tell ya is I bought mine new from 71K MSRP to 63K applying all discounts...

That car should well below 57 K

Agree. OP can get new for same price as his used quote. Dealers want to move cars. It really is amazing how quickly they'll knock off another grand or two. Especially if he's in a market with several dealerships.

Originally Posted by BigPimp

Nice, how did you swing that and when did you buy? This car stickered for 75k

like three months ago.

The thing is that I suspect your dealer is trying to make 15K on you...
in any case If you have that money I think you should go on a new one
and negotiate it for a 9% MSRP total including the discounts and incentives. that I had in time.
you need to play hard. be firm and get a new car.:thumb up:

Its pointless to negotiate on a slightly used one because they all want to sell it close to a new.

I am reminding you that the most profit by a dealer is made on a used car and not a new.
You want him to make as less as possible.

i am looking for a specific car and want m pack, thus '11 supply of these cars is limited. Difficult to negotiate when there are two of these cars around.

Originally Posted by BigPimp

i am looking for a specific car and want m pack, thus '11 supply of these cars is limited. Difficult to negotiate when there are two of these cars around.

you can order a new 12 or find one and get 7% off MSRP.
there are dealers who will do it. Go in the end of the month
like 2 days before and hit them hard. Every month, on the 11th hour, they will sell their mom.
then they become asses again till the end of next month.