My first BMW that isn't a 3...

magbarn · 01-25-2019, 09:09 AM

Just picked this up a couple days ago, loaded CPO 540i Msport with even B&W audio, rear seat ent, luxury seating, executive package. Had 9500 miles on it and sat on the lot for awhile but got it for about half off MSRP...

silberma · 01-25-2019, 09:27 AM

You have just proven that BMW's have high depreciation and best be bought used as CPO's.

Usually they lose 1/2 their value in 3 years.

clee1982 · 01-25-2019, 09:29 AM

that's a good deal, I was looking at CPO, but couldn't find one with my exact spec, so end up buying new and just ordering

magbarn · 01-25-2019, 10:46 AM

Quote:

Originally Posted by clee1982

that's a good deal, I was looking at CPO, but couldn't find one with my exact spec, so end up buying new and just ordering

I almost did the same thing, this was so optioned up I couldn't refuse. The only things I would've added were DHP(this was my biggest compromise here) rear seat heaters and sunshades
I don't think some extra new car smell and 9500 miles were worth $40K...

Quote:

Originally Posted by silberma

You have just proven that BMW's have high depreciation and best be bought used as CPO's.

Usually they lose 1/2 their value in 3 years.

I agree, I'm probably going to get the extended warranty for 7/100K from GOLFRRR's dealership who has very reasonable prices....

clee1982 · 01-25-2019, 11:11 AM

well, I'm hoping to keep it 5~7 years, let's see how bad the resale value is by then...

SteveinArizona · 01-25-2019, 12:06 PM

Great purchase. Enjoy!

kitster · 01-25-2019, 04:27 PM

Did something similar, brought a used approved G31 from a local dealer. Had more kit than I would have specced from new, 600 miles on the clock, few months old and 40% off the list price. I'll been keeping this car until the new 5 series is out (don't bother with LCI models), then I'll see what's available.

Lovely car. Enjoy.

530iDriver · 01-25-2019, 09:39 PM

What was the original MSRP of the car?

What was the final sale price to you?

clee1982 · 01-25-2019, 10:45 PM

Given most people are buying brand new with 10 off (my was like 12 off listed) depreciation hopefully isn't as bad...

530iDriver · 01-26-2019, 09:03 AM

OP beautiful car! I hope you enjoy it as much as I am enjoying mine.

rmm805 · 01-26-2019, 09:26 AM

Quote:

Originally Posted by 530iDriver

What was the original MSRP of the car?

What was the final sale price to you?

I would be interested in this too.

magbarn · 01-26-2019, 09:32 AM

Quote:

Originally Posted by rmm805

Quote:

Originally Posted by 530iDriver

What was the original MSRP of the car?

What was the final sale price to you?

I would be interested in this too.

I'm still trying to find the original window sticker but I believe it was around $83k. I got it for $45.5 prior to T&L as CA's fees are ridiculous. So not exactly 50% off. More like 45% off.

I didn't know brand new 540i's go routinely for $10-$12k off... Does that apply to ordered cars too or just off the lot? That might have changed the equations bit for me lol

VirtualGuitars · 01-26-2019, 09:37 AM

Quote:

Originally Posted by magbarn

Quote:

Originally Posted by rmm805

Quote:

Originally Posted by 530iDriver

What was the original MSRP of the car?

What was the final sale price to you?

I would be interested in this too.

I'm still trying to find the original window sticker but I believe it was around $83k. I got it for $45.5 prior to T&L as CA's fees are ridiculous. So not exactly 50% off. More like 45% off.

I didn't know brand new 540i's go routinely for $10-$12k off... Does that apply to ordered cars too or just off the lot? That might have changed the equations bit for me lol

Great price, man! I got $9k off of my 2019 M550ix. There were only two of those on the entire lot at the biggest BMW dealership in Houston. I didn't see very many at the other dealerships in the area either. I've had CPO vehicles before, you got a great bargain! Congrats on your beautiful car!

rmm805 · 01-26-2019, 09:44 AM

Quote:

Originally Posted by magbarn

I'm still trying to find the original window sticker but I believe it was around $83k. I got it for $45.5 prior to T&L as CA's fees are ridiculous. So not exactly 50% off. More like 45% off.

I didn't know brand new 540i's go routinely for $10-$12k off... Does that apply to ordered cars too or just off the lot? That might have changed the equations bit for me lol

Wow, seems like a great price. I just did a CPO 2018 530xi with 8k miles. Original MSRP was 70k and I thought the 50k + tax was good but apparently not. Beautiful car!

magbarn · 01-26-2019, 09:46 AM

Quote:

Originally Posted by rmm805

Quote:

Originally Posted by magbarn

I'm still trying to find the original window sticker but I believe it was around $83k. I got it for $45.5 prior to T&L as CA's fees are ridiculous. So not exactly 50% off. More like 45% off.

I didn't know brand new 540i's go routinely for $10-$12k off... Does that apply to ordered cars too or just off the lot? That might have changed the equations bit for me lol

Wow, seems like a great price. I just did a CPO 2018 530xi with 8k miles. Original MSRP was 70k and I thought the 50k + tax was good but apparently not. Beautiful car!

My car is a year older though. So that has to be factored in

Another tidbit, we also have a G05 on order so the manager was much more willing to wheel and deal...

530iDriver · 01-26-2019, 09:51 AM

Quote:

Originally Posted by magbarn

Quote:

Originally Posted by rmm805

Quote:

Originally Posted by magbarn

I'm still trying to find the original window sticker but I believe it was around $83k. I got it for $45.5 prior to T&L as CA's fees are ridiculous. So not exactly 50% off. More like 45% off.

I didn't know brand new 540i's go routinely for $10-$12k off... Does that apply to ordered cars too or just off the lot? That might have changed the equations bit for me lol

Wow, seems like a great price. I just did a CPO 2018 530xi with 8k miles. Original MSRP was 70k and I thought the 50k + tax was good but apparently not. Beautiful car!

My car is a year older though. So that has to be factored in

Another tidbit, we also have a G05 on order so the manager was much more willing to wheel and deal...

45% off from sticker was indeed an excellent deal. To be honest you must have a very good status with the dealer and sales manager because I never seen loaded CPO 540i go for that low. Normally that car doesn't leave the showroom for less than $57K-$60K.

Definitely drive the snot of out it. Enjoy!

530iDriver · 01-26-2019, 09:53 AM

Quote:

Originally Posted by rmm805

Quote:

Originally Posted by magbarn

I'm still trying to find the original window sticker but I believe it was around $83k. I got it for $45.5 prior to T&L as CA's fees are ridiculous. So not exactly 50% off. More like 45% off.

I didn't know brand new 540i's go routinely for $10-$12k off... Does that apply to ordered cars too or just off the lot? That might have changed the equations bit for me lol

Wow, seems like a great price. I just did a CPO 2018 530xi with 8k miles. Original MSRP was 70k and I thought the 50k + tax was good but apparently not. Beautiful car!

That's more of a real world price. You can knock off another $5K from that asking price though...

530iDriver · 01-26-2019, 09:56 AM

Quote:

Originally Posted by silberma

You have just proven that BMW's have high depreciation and best be bought used as CPO's.

Usually they lose 1/2 their value in 3 years.

I am not sure I agree with this 100%. Hyundai/Genesis is truly bad depreciation!

Tell me where I can get a 1 year old G30s with less than 10K miles for 50% off original MSRP and I'll consider getting another one.

magbarn · 01-26-2019, 09:56 AM

Quote:

Originally Posted by 530iDriver

Quote:

Originally Posted by magbarn

Quote:

Originally Posted by rmm805

Quote:

Originally Posted by magbarn

I'm still trying to find the original window sticker but I believe it was around $83k. I got it for $45.5 prior to T&L as CA's fees are ridiculous. So not exactly 50% off. More like 45% off.

I didn't know brand new 540i's go routinely for $10-$12k off... Does that apply to ordered cars too or just off the lot? That might have changed the equations bit for me lol

Wow, seems like a great price. I just did a CPO 2018 530xi with 8k miles. Original MSRP was 70k and I thought the 50k + tax was good but apparently not. Beautiful car!

My car is a year older though. So that has to be factored in

Another tidbit, we also have a G05 on order so the manager was much more willing to wheel and deal...

45% off from sticker was indeed an excellent deal. To be honest you must have a very good status with the dealer and sales manager because I never seen loaded CPO 540i go for that low. Normally that car doesn't leave the showroom for less than $57K-$60K.

I hope my car isn't jacked as it was advertised at $49888 at the start which was a bit lower than the most of the other local dealers. I hope it wasn't a lemon

All the panels did look original. It had original tires and no curb rash on the wheels...

I did find it odd that it was originally registered in NJ as a lease and then returned after just a year, went to auction, bought and then transferred to dealer lot where it sat for about another year. They did put several hundred miles since it arrived.

I shouldn't have looked at the carfax

No accidents reported at least...

530iDriver · 01-26-2019, 09:59 AM

Quote:

Originally Posted by magbarn

Quote:

Originally Posted by 530iDriver

Quote:

Originally Posted by magbarn

Quote:

Originally Posted by rmm805

Quote:

Originally Posted by magbarn

I'm still trying to find the original window sticker but I believe it was around $83k. I got it for $45.5 prior to T&L as CA's fees are ridiculous. So not exactly 50% off. More like 45% off.

I didn't know brand new 540i's go routinely for $10-$12k off... Does that apply to ordered cars too or just off the lot? That might have changed the equations bit for me lol

Wow, seems like a great price. I just did a CPO 2018 530xi with 8k miles. Original MSRP was 70k and I thought the 50k + tax was good but apparently not. Beautiful car!

My car is a year older though. So that has to be factored in

Another tidbit, we also have a G05 on order so the manager was much more willing to wheel and deal...

45% off from sticker was indeed an excellent deal. To be honest you must have a very good status with the dealer and sales manager because I never seen loaded CPO 540i go for that low. Normally that car doesn't leave the showroom for less than $57K-$60K.

I hope my car isn't jacked as it was advertised at $49888 at the start which was a bit lower than the most of the other local dealers. I hope it wasn't a lemon

I did find it odd that it was originally registered in NJ as a lease and then returned after just a year, went to auction, bought and then transferred to dealer lot where it sat for about another year. They did put several hundred miles since it arrived.

I shouldn't have looked at the carfax

No accidents reported at least...

Let me ask you this point blank: Did you put that car on a lift and had it inspected before you bought it?

Remember, a clean Carfax doesn't really much of anything. A physical inspection by a trusted mechanic is far more reliable than any Carfax report.

VirtualGuitars · 01-26-2019, 09:59 AM

Quote:

Originally Posted by magbarn

Quote:

Originally Posted by 530iDriver

Quote:

Originally Posted by magbarn

Quote:

Originally Posted by rmm805

Quote:

Originally Posted by magbarn

I'm still trying to find the original window sticker but I believe it was around $83k. I got it for $45.5 prior to T&L as CA's fees are ridiculous. So not exactly 50% off. More like 45% off.

I didn't know brand new 540i's go routinely for $10-$12k off... Does that apply to ordered cars too or just off the lot? That might have changed the equations bit for me lol

Wow, seems like a great price. I just did a CPO 2018 530xi with 8k miles. Original MSRP was 70k and I thought the 50k + tax was good but apparently not. Beautiful car!

My car is a year older though. So that has to be factored in

Another tidbit, we also have a G05 on order so the manager was much more willing to wheel and deal...

45% off from sticker was indeed an excellent deal. To be honest you must have a very good status with the dealer and sales manager because I never seen loaded CPO 540i go for that low. Normally that car doesn't leave the showroom for less than $57K-$60K.

I hope my car isn't jacked as it was advertised at $49888 at the start which was a bit lower than the most of the other local dealers. I hope it wasn't a lemon

All the panels did look original. It had original tires and no curb rash on the wheels...

I did find it odd that it was originally registered in NJ as a lease and then returned after just a year, went to auction, bought and then transferred to dealer lot where it sat for about another year. They did put several hundred miles since it arrived.

I shouldn't have looked at the carfax

No accidents reported at least...

I know why you got it for such a great price! It's because they installed the front license plate bracket! Now that's a sin! 😂

530iDriver · 01-26-2019, 10:01 AM

It could have been a company owned vehicle or an executive demo.

Did they show you the APIS paperwork with the complete history of the car?

I don't not buy a CPO until that paperwork is fully disclosed to me.

01-25-2019, 09:09 AM	#1
magbarn Lieutenant 171 Rep 418 Posts Drives: '17 540i Msport Join Date: May 2009 Location: Southern CA iTrader: (0)	My first BMW that isn't a 3... Just picked this up a couple days ago, loaded CPO 540i Msport with even B&W audio, rear seat ent, luxury seating, executive package. Had 9500 miles on it and sat on the lot for awhile but got it for about half off MSRP... Attached Images __________________ G30 540i Msport G05 X5 xDrive40i Msport Retired '03 330i, '10 335d
	Appreciate 3 clee1982797.50 wrickem2124.50 ///M-er-gized687.00 Tweet Quote

01-25-2019, 09:27 AM	#2
silberma Enlisted Member 9 Rep 42 Posts Drives: 2019 540i Join Date: Feb 2012 Location: FL iTrader: (0) Garage List 2019 BMW 540i [0.00]	You have just proven that BMW's have high depreciation and best be bought used as CPO's. Usually they lose 1/2 their value in 3 years.
	Appreciate 2 magbarn170.50 cdldtc6.00 Quote

01-25-2019, 09:29 AM	#3
clee1982 Lieutenant Colonel 798 Rep 1,736 Posts Drives: 2019 BMW 540i xDrive Join Date: Nov 2018 Location: NYC iTrader: (0) Garage List 2019 BMW 540i xDrive [0.00]	that's a good deal, I was looking at CPO, but couldn't find one with my exact spec, so end up buying new and just ordering
	Appreciate 1 magbarn170.50 Quote

01-25-2019, 11:11 AM	#5
clee1982 Lieutenant Colonel 798 Rep 1,736 Posts Drives: 2019 BMW 540i xDrive Join Date: Nov 2018 Location: NYC iTrader: (0) Garage List 2019 BMW 540i xDrive [0.00]	well, I'm hoping to keep it 5~7 years, let's see how bad the resale value is by then...
	Appreciate 0 Quote

01-25-2019, 12:06 PM	#6
SteveinArizona Brigadier General 3087 Rep 4,210 Posts Drives: BMW 530e Join Date: Jul 2016 Location: Greater Phoenix iTrader: (0)	Great purchase. Enjoy!
	Appreciate 1 magbarn170.50 Quote

01-25-2019, 04:27 PM	#7
kitster Lieutenant Colonel 542 Rep 1,894 Posts Drives: G31 M Sport Join Date: Oct 2012 Location: London, UK iTrader: (0)	Did something similar, brought a used approved G31 from a local dealer. Had more kit than I would have specced from new, 600 miles on the clock, few months old and 40% off the list price. I'll been keeping this car until the new 5 series is out (don't bother with LCI models), then I'll see what's available. Lovely car. Enjoy.
	Appreciate 1 magbarn170.50 Quote

01-25-2019, 09:39 PM	#8
530iDriver Colonel 1708 Rep 2,539 Posts Drives: 2017 BMW 530i Join Date: May 2018 Location: Florida iTrader: (0)	What was the original MSRP of the car? What was the final sale price to you? __________________ 2017 BMW 530i, Sport Line,Alpine White, Canberra Beige Sensatec, 19 inch V-Spoke wheels, basic plain Jane build with no options whatsoever..... "Less is more". Before: 2011 BMW 328i E90 sedan, Platinum Bronze Metallic, Dakota Brown leather, 17 inch wheels, 6-speed auto, N52 6 Cyl inline N/A goodness....
	Appreciate 0 Quote

01-25-2019, 10:45 PM	#9
clee1982 Lieutenant Colonel 798 Rep 1,736 Posts Drives: 2019 BMW 540i xDrive Join Date: Nov 2018 Location: NYC iTrader: (0) Garage List 2019 BMW 540i xDrive [0.00]	Given most people are buying brand new with 10 off (my was like 12 off listed) depreciation hopefully isn't as bad...
	Appreciate 0 Quote

01-26-2019, 09:03 AM	#10
530iDriver Colonel 1708 Rep 2,539 Posts Drives: 2017 BMW 530i Join Date: May 2018 Location: Florida iTrader: (0)	OP beautiful car! I hope you enjoy it as much as I am enjoying mine. __________________ 2017 BMW 530i, Sport Line,Alpine White, Canberra Beige Sensatec, 19 inch V-Spoke wheels, basic plain Jane build with no options whatsoever..... "Less is more". Before: 2011 BMW 328i E90 sedan, Platinum Bronze Metallic, Dakota Brown leather, 17 inch wheels, 6-speed auto, N52 6 Cyl inline N/A goodness....
	Appreciate 1 magbarn170.50 Quote

01-26-2019, 10:01 AM	#22
530iDriver Colonel 1708 Rep 2,539 Posts Drives: 2017 BMW 530i Join Date: May 2018 Location: Florida iTrader: (0)	It could have been a company owned vehicle or an executive demo. Did they show you the APIS paperwork with the complete history of the car? I don't not buy a CPO until that paperwork is fully disclosed to me. __________________ 2017 BMW 530i, Sport Line,Alpine White, Canberra Beige Sensatec, 19 inch V-Spoke wheels, basic plain Jane build with no options whatsoever..... "Less is more". Before: 2011 BMW 328i E90 sedan, Platinum Bronze Metallic, Dakota Brown leather, 17 inch wheels, 6-speed auto, N52 6 Cyl inline N/A goodness....
	Appreciate 0 Quote