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Re: yatze re bmw

by gardis on Sat Jan 03 14:06:28 PST 2009

Yatze, I just checked my local dealer here in Fairfield County, CT., they have a 2006 530XIT wagon, with 44,138 miles (!!) and asking $34,900 for the vehicle, CPO. I would say, I have no experience at all like Jayrider, but to me, that $29,000 seems like a deal for a car with only 20K miles? Wow that sounds even cheap to me.

Re: yatze re bmw [jayrider]

by yatze on Sat Jan 03 13:05:05 PST 2009

Thanks. I will touch base with you in February. I live in a pretty affluent area, and this was the only dealer out of 4 who would even consider doing this -- the others said they don't buy back cars. End of story. My dealer would only sell/lease a new car. I already told this dealer that I would walk away if the deal wasn't good as I have 2 other cars and either would keep them or get a honda. Didn't faze them. THey said check back with them in February. So I will and thank you.

Re: yatze re bmw [yatze]

by jayrider on Sat Jan 03 12:16:56 PST 2009

Your total price is very negotiable. If they negotiate a better price off the cpo/maintenance packs they could be negotiating off the selling price of the car. My guess is that auction price on your car could be in the low 20's now. If they are selling to you for 26k there may be up to 2k for them to give on a bottom line deal. The auction price in march will be lower so you may be able to get the car for a bit less than 26 or you can pay 29 for the cpo and try to weasel the maintenence pack. If it doesn't cover brakes, I would pass on that and go for a better deal. You have to project a predisposition to turn the car in unless they make the deal super. If they won't move the day you have to turn it in then you know you've don the best and can sign on theline. Also, if you feel comfortable with this dealer and have checked with others who are satisfied then that is worth something as well. Lots to consider but stay frosty with cold dead eyes --- tell them your wife is dead against it and you're going to buy a ford focus cause of economics --- make up your own bs. It can work.

Re: yatze re bmw [jayrider]

by yatze on Sat Jan 03 11:38:34 PST 2009

Do you know if the CPO can be negotiated or is that set by BMW? I have gotten different quotes on this in the past. Thanks.

Re: yatze re bmw [yatze]

by jayrider on Sat Jan 03 11:27:32 PST 2009

Sounds like you are doing the best you can to get a fair deal -- did see one like yours for 24500 with similar miles on ebay so you are pretty close already. You might offer $500 for the maintenence package and let them sit on it. The less likely they feel you are going to buy and the more likely they feel they are going to put your car on the lot -- the better your negotiating position. Later.

Re: yatze re bmw [jayrider]

by yatze on Sat Jan 03 10:52:22 PST 2009

Thanks again for the prompt response. My original residual is $36,579. I put down multiple security deposits so would get back about $4000. Dealer suggested bringing in car for "pre -pre- inspection in early February while still under lease to see what needs to be done, if anything so I won't have to pay for it. He gave me the papers for what is covered CPO -- will re-examine then again. Also said I could get a "maintenance" contract for an additional 1895. Not sure I want to do that. I will take advantage of your offer to contact you end of February for latest auction #s. In the meantime, have looked for 06 wagons on the internet and $29k is the low end CPO, except for a car down in Miami for 27,595 but that car has 40K miles. NYC BMW has almost my identical car, close mileage for $28,900 so no much difference. Others are in the 30's. I will contact you in February before I go back to the dealer. My lease in up March 6. Thanks for all your help.

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