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Originally Posted by insofmarine
Reasonable offer? with the introduction of the new body style the prices have dropped dramatically. The dealers are getting a big bonus from the manufacturer to get rid of E53 inventory. I know a dealer who sold never titled 06' 4.8is for $54K. So, your dealer is not at the position to negotiate. Offer them as low as possible and let them know you are aware of all the rebates they are getting and outdated body style of E53. Tell tthem you could get E70 for the same money. Keep in mind $54K figure and that should stop you from overpaying for the car. Good luck!!!
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I agree with all of the above points. There is certainly some way to go in the price.
The dealership is probably getting at least 3K in trunk money (rebate) from BMW NA to move the E53 inventory.
In addition to the points already made about the new model X5 hitting the showrooms, don't forget that even though this is an untitled car it is a MY '06, not '07, and will be valued accordingly when you go to trade it in. You should also try to negotiate the cost of one years depreciation into the price. Good luck.