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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 07-27-2014, 10:42 PM
speedie550i speedie550i is offline
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Thoughts on this possible F10 550i purchase...

Hi Guys,

I'm fairly new to the forum and hope to get up to speed quickly. I was on the fence about purchasing the car below which is priced at $62,998. Is this a decent deal? Wondering what you seasoned F10 owners think.
Thanks in advance!

2014 F10 550i
ext color - jet black
int color - dakota leather black
mileage - 2400
M Sport
Driver assist plus
Lighting pkg
Cold weather pkg
Executive pkg
Luxury seating pkg
Bang & Olufsen sound system


Please let me know your thoughts!
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  #2  
Old 07-28-2014, 05:55 AM
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MWatty550 MWatty550 is offline
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Are they considering this purchase a NEW car or a CPO? If new does this include the $2500 built out? I assume so but all in all it appears to be a good deal. Good for you!
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  #3  
Old 07-28-2014, 06:10 AM
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rkinra rkinra is online now
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If this car is new, then its a steal at $63k. I paid a little less for my 535i and that was with a hefty discount.
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Last edited by rkinra; 07-28-2014 at 06:11 AM.
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  #4  
Old 07-28-2014, 07:44 AM
speedie550i speedie550i is offline
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Hi Guys,

First off thanks for the replies, great feedback!

The car is being offered for sale as USED, no CPO...does this hurt the deal at all?

I did notice that it has the square tire setup and the lower top speed, does this hinder the performance of the vehicle and as a result the lower selling price?

My thought was that I could just acquire a staggered wheel and tire setup and look to go with a Dinan or D-tronics upgrade in the future.
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  #5  
Old 07-28-2014, 08:08 AM
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MWatty550 MWatty550 is offline
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Quote:
Originally Posted by speedie550i View Post
Hi Guys,

First off thanks for the replies, great feedback!

The car is being offered for sale as USED, no CPO...does this hurt the deal at all?

I did notice that it has the square tire setup and the lower top speed, does this hinder the performance of the vehicle and as a result the lower selling price?

My thought was that I could just acquire a staggered wheel and tire setup and look to go with a Dinan or D-tronics upgrade in the future.
Since it is used then it is an OK deal, not great. Certainly upgrade with a staggered set up. Looks and handles much better. Get Mich PSS tires if you want the best. You seriously might want to buy brand new and get a much better deal or close to what you are paying for this used one. Check the difference in features between the two to see if there is any difference on your personal choices. I'm taking advantage of the $2500 Build out and Drive Event...$3500 off of Invoice which is what they are selling at.
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  #6  
Old 07-28-2014, 09:17 AM
speedie550i speedie550i is offline
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Quote:
Originally Posted by 550i Beast View Post
Since it is used then it is an OK deal, not great. Certainly upgrade with a staggered set up. Looks and handles much better. Get Mich PSS tires if you want the best. You seriously might want to buy brand new and get a much better deal or close to what you are paying for this used one. Check the difference in features between the two to see if there is any difference on your personal choices. I'm taking advantage of the $2500 Build out and Drive Event...$3500 off of Invoice which is what they are selling at.
Understandably this is being sold as Used but with only 2400 miles is that not still a point to consider? I would still have the remainder of the 4 year / 50k warranty

Is there some additional perk in buying a new car which has not been titled with 2400 miles and a used car which has been titled with 2400 miles? I guess I'm trying to get a clear understanding here.

Thanks
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  #7  
Old 07-28-2014, 10:40 AM
Antique-ace Antique-ace is offline
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I would also suggest that you inquire as to why the previous owner (if any) traded this nearly new car? Did they just not like it or was there something wrong with it?

In Kentucky state law requires that, if requested, the dealership MUST provide any prospective buyer with the name, address, and telephone number (if available) of the previous consumer-owner of any vehicle they offer for sale. Being able to contact the previous have been an invaluable asset to me when considering the purchase of any pre-owned vehicle.
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  #8  
Old 07-28-2014, 10:42 AM
Trian Trian is offline
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I agree that you should check out the price of a new one, just so you know. You might be surprised, you might not.

Also, IMO, I prefer buying a used car as then the original buyer takes the hit on the drive-off-the-lot depreciation - and that is why you should compare it to a new, same option, car.

This works if you know the car and are confident it has no issues. I am sure you know where those 2,400 miles came from.
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  #9  
Old 07-28-2014, 09:11 PM
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DDGator DDGator is offline
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On the other hand, if you buy new and do European Delivery you can get a great discount and a cool trip too!
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  #10  
Old 07-29-2014, 06:21 AM
rfrysztak550iX rfrysztak550iX is offline
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Need to know the in-service date if buying used. Could have been produced in late 2013 or early 2014, in which case you've lost quite a bit of your 4 years.
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  #11  
Old 07-29-2014, 06:54 AM
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WillInDenver WillInDenver is offline
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Quote:
Originally Posted by speedie550i View Post
The car is being offered for sale as USED, no CPO...does this hurt the deal at all?
If you're buying it from a BMW dealer, it's absolutely weird that a car that new would not be a CPO. Otherwise, be sure and have an inspection done.

All else constant, you want this car to be CPO and not new. That way you wind up with the 2 extra years of CPO warranty on top of the balance of the new car warranty you'll get either way.

I'd just look twice at why a car that new already found its way back to the dealer.
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  #12  
Old 08-05-2014, 04:16 PM
Chmecray Chmecray is offline
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You should take a look at my 550i msport for sale. Immaculate w dinan flash, 7500 miles
http://click.messages.autotrader.com...df888c0fe12c6d


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  #13  
Old 08-06-2014, 01:18 AM
schnell525 schnell525 is offline
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I would really want to know why this car was traded in. It sounds like a dealer *****back. Given the amount of 550's bought back in, you should ask why. If you do buy it, insist on CPO thrown in.

If you guys aren't watching the F10 550's are dropping in value like rocks.
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  #14  
Old 08-06-2014, 06:42 AM
Squiddie Squiddie is offline
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For me the most important question is, how old exactly? How many months left of the 48 month warranty?

Do we talk about the car being 2 months old with 46 months of warranty left. Or is it a summer 2013 "model 2014" car with 37 months left?
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  #15  
Old 08-06-2014, 06:50 AM
GR8 White Hope GR8 White Hope is offline
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Quote:
Originally Posted by schnell525 View Post
I would really want to know why this car was traded in. It sounds like a dealer *****back. Given the amount of 550's bought back in, you should ask why. If you do buy it, insist on CPO thrown in.

If you guys aren't watching the F10 550's are dropping in value like rocks.
Interesting. I know there is substantial depreciation involved to the 550s in the first two years or so but that is troubling. I am looking at getting a F10 550i in December. Whats your take on the value drops? Should I be worried?

Sorry if I hijacked your thread
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  #16  
Old 08-06-2014, 08:04 AM
JoeRock550 JoeRock550 is online now
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All F10's except the M5 will lose about 50% of their value in 3 years. If you paid $80K for a new, loaded 550xi you're looking at a dealer offer of ~$40K or so for the car on trade. It costs a dealer at least a couple of thousand to recondition the car to BMW CPO specs - brakes, treadwear, wipers etc. and then they have to pay a couple of thousand to BMW for the CPO warranty and then add profit and they have to stay competitive. If you plan on buying a BMW from a non-BMW dealer - without a CPO warranty, you should be able to get the car for at least $5K less. I'd rather pay the extra money for the warranty and peace of mind.

OP - request the service records for the car and look for major issues. As above, they can offer you a great deal on the car because they didn't go through the costly reconditioning and warranty process as it's too new to bother. I'm sure they will do it for you if you want to spend the $$$.

Also- WRT title, insurance companies up here offer something called a 'limited waiver of depreciation' on new or demo cars - so if it's wrecked or stolen they give you full replacement value for up to 2 years. They don't offer you that on a 'used' car. Also, when it comes to resale a single owner car may be easier to sell then a car that's been titled multiple times.

Last edited by JoeRock550; 08-06-2014 at 08:09 AM.
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  #17  
Old 08-06-2014, 02:01 PM
schnell525 schnell525 is offline
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GR8,

Just like all cars, even new ones (and this can be from any mfg.) you could have issues. Do your diligence and research the car before buying. You can get some great deals out there. A warranty IMO is necessary in a car with type of complexity.

Good luck!
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  #18  
Old 08-06-2014, 08:36 PM
DaIceCreaMan DaIceCreaMan is offline
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In looking at what I paid for my 2009 e60 550i to the newer f10's 550i's, the prices are higher. In comparison to the 7 series bmw, the 550i's are holding their value but they don't nearly hold the value that M series does.

I am buying a CPO 2011 550xi fully loaded for $45k, the 2012's are in the $50k range and the 2013's in the 60k. Find a car that you like and get it, every make has problems, just make sure that you have warranty or coverage to fix the problems and then just go ride!
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  #19  
Old 08-06-2014, 08:44 PM
Dallas550 Dallas550 is offline
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Thoughts on this possible F10 550i purchase...

Quote:
Originally Posted by schnell525 View Post
I would really want to know why this car was traded in. It sounds like a dealer *****back. Given the amount of 550's bought back in, you should ask why. If you do buy it, insist on CPO thrown in.

If you guys aren't watching the F10 550's are dropping in value like rocks.
Where? From my purchase price, I've lost about $15k in almost 4 years (euro delivery). From msrp it's about 60% of it's original value. Hardly dropping like a rock, in my opinion, but this is private party value. Trade in would be approx 50% as stated above, but that's expected. I'm actually quite pleased at the value, but I think a lot of it has to do with picking the right colors, options, and not putting a ton of mileage on the car. It's a YMMV situation, as it always has been. Difficult to make a blanket statement.


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Last edited by Dallas550; 08-06-2014 at 08:54 PM.
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  #20  
Old 08-06-2014, 10:56 PM
speedie550i speedie550i is offline
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Thanks!!

All,

Before commenting I would like to relay a word of THANKS! for all the replies to this thread. From the looks of it I will be purchasing this car once it arrives and gets inspected (it's being transported as we speak). Although this vehicle has right at 3k miles I have yet to find a new or pre-owned vehicle equipped like this near this price range. I'll plan on running through the remainder of the factory warranty with the goal of purchasing a extended warranty if I decide to keep it for the long term

Here is some additional info -
In service date - 01/11/2014
Purchased from non-bmw dealer
Pulled BMW service and carfax records and it's clean....no issues

Only item I'm not to happy about is the fact that it has a square tire setup and the reduced top speed. ( I already found a set of staggered 351Ms so it's not so bad)


Any additional thoughts? comments?
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