I am looking to get my wife a 1-2 year old X5 3.0 to replace our current 2004 X5 4.4i. We have located a CPO in the midwest and the asking price is around $49,500, which seems to be right in line with all the other low mileage CPO's out there. This one is loaded with Premium, Technology, Active Steering, Cold Weather, DVD entertainment, 3rd Row Seat, Rear Climate, Rear Heated Seats, Premium Sound System, HD Radio, iPod Adapter and Satellite. Unfortunately, no Sport. Roughly 8,000 miles on the odometer.

I think the vehicle is worth no more than $45,000 including new BMW rubber mats. This is approximately $4,500 off asking price. I would choose the Extended Maintenance plan through BMWFS as part of the May incentive. The dealer, however, will not budge off of $47,700. It will take another $1,000 to ship it to me here in AZ.

So I am looking at a $48,700 deal on a 3-year old car (since the 2011's are out). Please fire away and tell me how insane this will be if I pull the trigger on this deal.

Please note that $49,000 or so is all that we have in our budget. As much as I would love to purchase new for another $8,000 to $10,000 or so for all the options that we want - a new 2010 or 2011 is probably not feasible.

Am I looking at no one budging much off the $48,000 - $50,000 asking price of the 2008's or 2009's that are fully loaded? Or do I need to step away from the keyboard and have some patience...

As I stated earlier, please fire away...