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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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  #26  
Old 12-30-2012, 05:31 AM
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Needsdecaf Needsdecaf is offline
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With that level of equipment, it may be a decent price. Manheim auction values are scarce, however they range from $48k to $61k, but not sure on options.

Remember, Manheim prices are the hammer price. You have to add auction fees, transport, reconditioning and dealer profit to get market price.
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Heaven is where the police are British, the cooks are French, the cars are German, the lovers are Italian and it is all organised by the Swiss.

Hell is where the police are German, the cooks are English, the cars are French, the lovers are Swiss, and it is all organised by the Italians
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  #27  
Old 12-30-2012, 06:02 AM
Supercomputers Supercomputers is offline
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I am not sure but guys you can't find these anywhere close to 55k optioned like this, also there is no 2012 left over units to be had that are optioned like this, I have been looking for a month

One member got 12k of sticker on a 2012 that's still around 67k and that's a rare find.

It's real hard when comparing these cars, msport and all the options change the base price by 8-12k also big difference in price from 550 to 535 or 528

The guy who posted about Mannheim is right from what I heard. Let me know is somebody is seeing any of these near 50-56k I have not found anything not a single car.

As far used I will take a 1 year car with 10,000 miles all day over a new one and leasing is not for me. Deprecation on these the first year is absurd, even if you paid invoice in low 7o-73k range you lose 15k in year 1. I try to find 1-2 year old cars loaded with low miles where you can hit a sweet spot and drive it a few years 2-3 and still have great value. With rates at 1.49% with penfed. It's not that bad and it gets you in a high end vehicle like this.
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  #28  
Old 12-30-2012, 06:23 AM
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Needsdecaf Needsdecaf is offline
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Listen, a used car is worth what someone thinks its worth. You seem to be pretty set. I don't think it's a bad deal.

I would certainly ask them about CPO. If they say no, ask why. If they say price, tell them you will pay their cost for CPO. If they say something else, tell them you are worried a out the history of the car.

Since this is a BMW dealer, ask them to show you the full service history (FSH). Tell them to run a diagnostic and update any required software.

If they do that, tell them you will buy the car. Walk in with a check from Penfed for the asking price plus 1/2 your sales tax and ask them to cover the title, license and other 1/2 of the tax. Or try for the whole thing. Odds are they will ring you up.

When shopping used, you either have to be very patient until the perfect car / deal comes along or pay a bit more when you find what you want.

Go for it.
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2011 535i
Sophisto Grau / Oyster - Black Nappa, Anthracite Wood Gone but not forgotten.

Heaven is where the police are British, the cooks are French, the cars are German, the lovers are Italian and it is all organised by the Swiss.

Hell is where the police are German, the cooks are English, the cars are French, the lovers are Swiss, and it is all organised by the Italians

Last edited by Needsdecaf; 12-30-2012 at 06:25 AM.
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  #29  
Old 12-30-2012, 07:49 AM
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miamiboyca miamiboyca is offline
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So in reading this I ask myself, why would they have a 2012 with only 10k miles? Doesn't this scream buy back?

I don't know, just asking. I always lease so it's never a used car.
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  #30  
Old 12-30-2012, 08:02 AM
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Chuck W. Chuck W. is online now
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IMHO, if you are within $1500 and it is the car you want, you can't find anything in the country close to it, buy it. You can ask for an extended maintenance agreement, but if they are stuck on $58.5 they may not go for it. I am not big on CPOs. They are nice but not the best extended warranty out there. I use Mercury as they will, for a small fee, cover the iDrive. CPO doesn't.

Good luck and keep us posted.
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  #31  
Old 12-30-2012, 08:57 AM
Supercomputers Supercomputers is offline
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I don't think a bmw dealer could risk there reputation reselling a buy back that's not on the carfax. Pretty sure all buy backs need to be documented on title? Car looks brand new.
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  #32  
Old 12-30-2012, 09:37 AM
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jagu jagu is online now
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Why the emphasis on cpo? Isn't it better to buy a non cpo and add the platinum bmw warranty on the car?
I'd rather find a good deal on a car and buy a better extended warranty .
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Last edited by jagu; 12-30-2012 at 09:50 AM.
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  #33  
Old 12-30-2012, 09:48 AM
Supercomputers Supercomputers is offline
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Has anybody seen any better pricing anywhere on a similar equipped car?

Really appreciate all the great feedback all the info is such a helpful tool I really look forward to becoming a new member soon
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  #34  
Old 12-30-2012, 11:24 AM
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TGray5 TGray5 is offline
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Quote:
Originally Posted by pharding View Post
I would not buy it unless it was CPO'd. There is a reason why they won't CPO it. It costs the dealer very little.
there is more than the warranty cost...they may have to throw out half used tires and brakes...there are strict rules on tread depth and pad depth that you need to meet to CPO a car.
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  #35  
Old 12-30-2012, 11:25 AM
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TGray5 TGray5 is offline
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but I agree, if you're willing to pony up for the cost of the cpo and they still refuse, they are hiding something. Body work = disqualified from cpo
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  #36  
Old 12-30-2012, 03:51 PM
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Needsdecaf Needsdecaf is offline
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Quote:
Originally Posted by miamiboyca View Post
So in reading this I ask myself, why would they have a 2012 with only 10k miles? Doesn't this scream buy back?

I don't know, just asking. I always lease so it's never a used car.
No, it screams General Manager's demo.

Which brings an interesting point...if it's a demo, it's not titled - so it's not eligible for CPO since it's not "pre-owned". I believe the warranty is supposed to start from zero at the mileage you buy it, though, as compensation.
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2011 535i
Sophisto Grau / Oyster - Black Nappa, Anthracite Wood Gone but not forgotten.

Heaven is where the police are British, the cooks are French, the cars are German, the lovers are Italian and it is all organised by the Swiss.

Hell is where the police are German, the cooks are English, the cars are French, the lovers are Swiss, and it is all organised by the Italians
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  #37  
Old 12-30-2012, 04:14 PM
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TGray5 TGray5 is offline
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Quote:
Originally Posted by miamiboyca View Post
So in reading this I ask myself, why would they have a 2012 with only 10k miles? Doesn't this scream buy back?

I don't know, just asking. I always lease so it's never a used car.
2012's were being produced up until the end of April, so add in shipping time and sitting on the lot for awhile and this car could be not more than a few months on the road. So, no it doesn't scream buyback. Even if it was on the road for a year or so, plenty of people don't drive a lot of miles. Think stay at home Mom, second car, etc.
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  #38  
Old 12-30-2012, 05:03 PM
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miamiboyca miamiboyca is offline
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Quote:
Originally Posted by TGray5 View Post
2012's were being produced up until the end of April, so add in shipping time and sitting on the lot for awhile and this car could be not more than a few months on the road. So, no it doesn't scream buyback. Even if it was on the road for a year or so, plenty of people don't drive a lot of miles. Think stay at home Mom, second car, etc.
I get the low mileage, but why would it be back on the lot? Other than GM demo as Decaf suggested, I can't think of another reason.
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  #39  
Old 12-30-2012, 05:09 PM
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TGray5 TGray5 is offline
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Quote:
Originally Posted by miamiboyca View Post
I get the low mileage, but why would it be back on the lot? Other than GM demo as Decaf suggested, I can't think of another reason.
Ya good point...tough economy, so perhaps couldn't afford it or maybe a repo? But ya, it's always a red flag for something that new...could have had a lot of mechanical issues. I would insist on dealer service records, but they usually give you some excuse like 'for confidentiality we cannot release'.
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  #40  
Old 12-30-2012, 05:49 PM
Supercomputers Supercomputers is offline
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All good points guys I will have to dig further the carfax shows car being titled.
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  #41  
Old 01-01-2013, 07:56 AM
Supercomputers Supercomputers is offline
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Ok guys found out about about the CPo. Dealer says its not cost effective they can do it but want 3,000 to do it. They said the car has 10,500 miles and is 12 months old and they don't feel it's necessary. Any thoughts.
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  #42  
Old 01-01-2013, 08:28 AM
kckc1016 kckc1016 is offline
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when i got my 2011 535xi pre owned they offered to cpo it for 3k as well, i declined as the car had under 15k miles and less than 2 years old. The fact they they offered to cpo it for you should give you some peace of mind.
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  #43  
Old 01-02-2013, 10:58 PM
thajupa thajupa is offline
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Hi,

I am in the market to sell my BMW 550xi(M-Sport). This is a clean car and the only reason I am selling it because I am getting a maserati GT.

I purchased(BMW Owners Choice) this car in 06/08/2011. Production date is April-2011. Current miles 18K.

Almost all options except DVD entertainment, lane change assist & adpative cruise.

Pls see my new thread for the details. Pls let me know if you are interested.

Sticker 77k, Purchased for 73K. Selling it for 55K.

Thanks,
Thaju
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  #44  
Old 01-03-2013, 06:22 AM
Supercomputers Supercomputers is offline
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Tj

Already looking at a 2012 with 10,500 miles for 58,500 and I am still trying to get them to do better.
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