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X5 E70 (2007 - 2013)
E70 BMW X5 produced between 2007 and 2013. Discuss the E70 X5 with other BMW owners here.

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  #1  
Old 01-20-2013, 03:42 PM
Katoom50 Katoom50 is offline
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Newbie in need of help!

Hello everybody! I need some expert advice on my first Bimmer purchase. I found a 2012 x5 cpo with 9500 miles. It has the following equipment: Alpine White, Black Nevada leather, Convenience Package, M Sport Package (ZMP), Heads Up Display, Preminum HiFi, BMW Apps.
Retail price was 67,345. Asking price is 57,000. Is this a good price? Should I ask for service records, etc. Any help would be greatly appreciated.
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  #2  
Old 01-20-2013, 06:38 PM
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5seriesHB 5seriesHB is offline
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Quote:
Originally Posted by Katoom50 View Post
Hello everybody! I need some expert advice on my first Bimmer purchase. I found a 2012 x5 cpo with 9500 miles. It has the following equipment: Alpine White, Black Nevada leather, Convenience Package, M Sport Package (ZMP), Heads Up Display, Preminum HiFi, BMW Apps.
Retail price was 67,345. Asking price is 57,000. Is this a good price? Should I ask for service records, etc. Any help would be greatly appreciated.
Yes definitely service records" a must" and find out how long it been on there lot and when it was traded in. depending on what they bought it for will determine how much under assking it will sell for
by the way take a look at this car if ur interested. i had was headed to pick it up but got a new car for 2012 new for 67k. it had a perfect service history and i had a deal on the table for $63k
http://www.bmwsf.com/inventory-detai...3804623-mu1034

the car ur looking at in white!
Looks like a pretty loaded car @ a decent price
ps i think the msrp on that car ur looking at is more in the 70's maybe even $75k
just sayin
pm me if u need any advice.
Rob
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  #3  
Old 01-20-2013, 07:00 PM
ard ard is offline
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Quote:
Originally Posted by Katoom50 View Post
Hello everybody! I need some expert advice on my first Bimmer purchase. I found a 2012 x5 cpo with 9500 miles. It has the following equipment: Alpine White, Black Nevada leather, Convenience Package, M Sport Package (ZMP), Heads Up Display, Preminum HiFi, BMW Apps.
Retail price was 67,345. Asking price is 57,000. Is this a good price? Should I ask for service records, etc. Any help would be greatly appreciated.

1. You MUST really understand the ACTUAL original MSRP. Dont listen to 'maybe 70 or even 75k'...this could cause you to horribly overpay.

2. The car is one year old with 10k miles. You should target 8-10k under original sale price. Recognize that the original sale price is invoice minus 6-10k (depending on engine/incentives)

3. If indeed the new car is 67k, you should figure out if saving a few K is worth buying used. Pencil out the invoice on a new 2013, add $500 for the profit, subtract all the new car incentives....compare

4. The only value of the CPO is the extended warranty, which adds 2-3k in value. DO NOT assume it is a guarantee of a cherry car...it can still have been in accidents and had repaint, etc.


IMO cars like this are sold to people who cannot effectively negotiate purchase prices, and therefore the dealer makes it attractive when compared to 'near MSRP' deals
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  #4  
Old 01-20-2013, 07:28 PM
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yahtzee yahtzee is offline
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Originally Posted by ard View Post
IMO cars like this are sold to people who cannot effectively negotiate purchase prices, and therefore the dealer makes it attractive when compared to 'near MSRP' deals
Spot on.
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  #5  
Old 01-20-2013, 07:50 PM
Katoom50 Katoom50 is offline
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Forgot to mention it was a courtesy car. Ard, where can I find info on pricing and incentives.
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  #6  
Old 01-20-2013, 08:17 PM
ard ard is offline
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WTF is a 'courtesy car'?????????????????

So just a used car what was beat to piss by whoever wished to flog it?

Pricing and incentives you find by SEARCHING here and on xoutpost.
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Old 01-20-2013, 08:33 PM
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5seriesHB 5seriesHB is offline
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Quote:
Originally Posted by ard View Post
WTF is a 'courtesy car'?????????????????

So just a used car what was beat to piss by whoever wished to flog it?

Pricing and incentives you find by SEARCHING here and on xoutpost.
Now that's spot on!
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  #8  
Old 01-21-2013, 07:54 AM
twhisten twhisten is offline
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Courtesy car=loaner car, which also means it wasnt broken in properly and had the snot beat out of it.
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  #9  
Old 01-21-2013, 09:16 AM
Katoom50 Katoom50 is offline
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This is why exactly why I joined this site. Lots of knowledge and input. Gonna pass on this one and look at new. Thanks to everyone.
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