Makes sense to buy 50K mile old 2010 500i GT?

Want advice from you experts.

I liked this 2010 550i GT that has ~52K miles. It has Premium Pkg, Sport Package, Convenience Package, Cold Weather Package, Luxury Rear Seating Package, Driver Assistance Package, Premium Sound Package, 20" Double-Spoke Wheels, Active Cruise Control, Side and Top View Cameras, Head-Up Display, Navigation, Parktronic. And is offered for 35K.

Question: Does it makes sense to buy this car. I am especially concerned about its high mileage and maintenance cost for next 3-5 years. PS: I drive like 8K mile/year.

Thanks.

Is it a CPO?

Nope, not CPO.

I would really have second thoughts too... I think I would be looking for a better deal with a younger car.

With all of those packages, that's about 1/2-price. All of those packages mean lots that could go wrong. If you can buy the extended warranty, the miles themselves shouldn't be a big issue, but BMWs and most expensive foreign cars do cost a lot when they do break.

I don't like this deal without at least CPO.

For that price I think its a good deal. I am confuse why someone would ask you not to buy a car with mere 50K on it unless they have no confidence whatsoever with the GT they bought.

Will a car car any car have a problem, YES but it is also a reflection of how much you are payting for it. 35k is a fair price for that car with all those extras, chances of them going bonkers very slim. Having said that if you are one of those that regrets a deal when there is a slight problem, just buy it new, its only about 65K, and you will not have to worry as it is warrantied for extra $30000 or $7000 for extended warranty.

my advice get it check from a great mechanic, get the Vin checked against accidents etc and try to get another $$$ down.

I would buy if all things per Vin comes out fine.

If you can get someone at BMW to check history and it comes out great*****

That 550 GT is a superb car to drive, you will love it.

Only think certain in life is Tax and death

I'm with devgil. It is three model years old meaning about 17,000 mi/yr which isn't bad. It seems to have a lot of bells and whistles all of which I would try out myself in addition to devgil's suggestion of having it checked by a mechanic. Anything you can get in the way of information about its history and why it was traded in or sold would also be helpful. It could be that running and finance costs that caused the owner to give it up if his/ her financial circumstances became more dire. If it checks out OK it could just be looking for a 'good home' that you could provide. Good luck......

Same for any 1.0 version of anything. Hasn't been around long enough for the first edition warts to start showing. We're all kind of beta testers when you think about it but most of us have a safety net either as CPO or warranty.

Seems to be a very reasonable price for a GT with so many options. Honestly, I don't see many GTs listed for <$35K, especially ones that are so well equipped.

If you're worried about having problems with the car, why not purchase an extended warranty? I don't know all the details, but I believe that the equivalent of CPO can be purchased through a BMW dealership. A friend did this a few years ago - he purchased a 2008 3 series through a third-party dealership and then added the BMW extended warranty through his local BMW dealership. I do recall him saying that some dealerships quoted a higher price than others for the same warranty, so if you go this route it might not hurt to shop around.

And you drive 8,000 miles a year. My 09' 650i has almost 70,000 miles and I bet it run better than Most of the same car with less mileage. I maintain it more often than bmw suggest. Even though I bought BMW extended warranty but never had any issue to claim with the warranty.

Thanks everyone for valuable thoughts. The car was sold hours later to someone else. Now back to my GT search.

FWIW, I purchased a 2011 with 20k on it for $34k back in December. It didn't have all the options your did. It didn't have the 20" wheels or the rear seat option or the active cruise or the cold weather pkg. (no needed here in Florida) But it had the rest.

Originally Posted by Redmond

Want advice from you experts.

I liked this 2010 550i GT that has ~52K miles. It has Premium Pkg, Sport Package, Convenience Package, Cold Weather Package, Luxury Rear Seating Package, Driver Assistance Package, Premium Sound Package, 20" Double-Spoke Wheels, Active Cruise Control, Side and Top View Cameras, Head-Up Display, Navigation, Parktronic. And is offered for 35K.

Question: Does it makes sense to buy this car. I am especially concerned about its high mileage and maintenance cost for next 3-5 years. PS: I drive like 8K mile/year.

Thanks.

Redmond,

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