Quote:
Originally Posted by ard
Are you are using MSRP to price?? If so, very foolish. You need to understand how to price and buy cars.
1. New X5 are going at 500-1500 over dealer COST. So net of any dealer incentives.
2. Buying a used car from a dealer is never a good deal, UNLESS it comes with the CPO warranty. Without that you might as well go to to Joes Used Car Lot. Seriously. The are just a used car lot when selling a used BMW
3. $65k for a '11 diesel? Invoice price minus the 4500 eco credit is around 55.8k. THis includes shipping, training, maco. Add dealer profit to this number. So the 'real dollar' difference seems to be 52k to 56.5 of $4500. You are taking a one year older car, perhaps not everything you want, with 2800 miles... Actually not horrible, but not a screaming deal.
4. There is no adaptive cruise- you might be thinking the adaptive suspension?
Of course they are making the money on the trade value imo
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I'm using the MSRP as an attempt to compare the used one I'm looking at vs a new one. Obviously I would not use MSRP when negotiating for a new purchase. I agree with you 100%.
1. I didn't know new X5's could be bought for $500-$1000 over cost. Very good to know.
2. I agree with you on this point also. I'm not limited to buying from the dealer. This one just happened to be at the dealer.
I told myself I would only by CPO if I wasn't buying new but apparently this one is too new to certify.
3. My CA said the eco credit is no longer available....only the $1800 federal tax credit. Did I get bad information?
4. Yeah you are correct. I mispoke.
Quote:
Originally Posted by Ag4.8
Why is the car used with only 2800 miles? Demo? Lots of problems? Buy back?
I am always suspect about a used car.
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This is a concern of mine as well. Apparently it was a demo vehicle at another dealership in another state. If that was the case, why didn't that dealer sell the vehicle at their dealership. Maybe a dealer trade?
The service history shows replacing a steering component (not sure the exact part) but was clean other than that. Nonetheless, the current dealer has had this for sale is 3/22 and dropped the price 3 times now. It makes me wonder why it hasn't sold yet.
Keep the comments coming guys. I have an open mind and want to learn as much as possible.
