X5 Purchase Decision - New, Used or Wait?

statdoc · #1 01-22-2006, 11:20 PM

I tend to buy new, just because I have the money to do so, and I like knowing that no one has abused my car before I get it. The CPA's and other financially more prudent will tell you it makes much more $ sense to get a slightly "pre-loved" vehicle. They are right. I am willing to pay the "stupid tax" (as radio financial guy Dave Ramsey calls it) to get a car that is a virgin.

breytonX5 · #2 01-22-2006, 11:39 PM

Welcome CaseySchulte!! You definitely have a dilemma here whether to get 05/06 or wait for all-new 07 X5. Personally I would never buy a car in its last model year due to a variety of obvious reasons but having said that there're great deals that can be had. As far as I know there're no issues with 05 or 06 model years. Good luck in your decision.

developmentallychallenged · #3 01-22-2006, 11:48 PM

I was just in the same situation, we wanted Sterling gray/black interior with premium,cold weather, heated steering wheel and navigation. In my area we were looking at 2K over invoice. We got lucky and came across a CPO'd O5' with all the above options in sterling gray/black interior with 8,600miles with headrest lcd's, cd changer and rear climate, load floor etc. I worked the deal down to $46,900. The vehicle is pristine, I'm picking it up tomorrow. I figured that I just saved $11+k over a new '06...it seemed worth it since it had everything we wanted and more. As referred to..it makes more 'financial' sense to do it this way. Most of us in this price range 'have' the money to do both..but with a baby on the way..$11k in a trust @ age zero pay for a year of college @ 18yrs

caseyschulte · #4 01-23-2006, 12:09 AM

Quote:

Originally Posted by developmentallychallenged

I was just in the same situation, we wanted Sterling gray/black interior with premium,cold weather, heated steering wheel and navigation. In my area we were looking at 2K over invoice. We got lucky and came across a CPO'd O5' with all the above options in sterling gray/black interior with 8,600miles with headrest lcd's, cd changer and rear climate, load floor etc. I worked the deal down to $46,900. The vehicle is pristine, I'm picking it up tomorrow.

Just out of curiosity, where did the negotiations on your car start? All the CPOs around here seems to be starting out at $52k+, so I'd just kind of given up on CPO. For whatever reason, the executive demos are LOADS cheaper ($6-7k), and with that kind of cash, you could get the car inspected and buy the extended warranty to match the CPO and still have $4-5k left over. Or is there something I'm missing?

Thunder22 · #5 01-23-2006, 12:31 AM

I would never buy a car in the first year of production. Ever. I would definitely buy a car in the last year of production before a facelift, the manufacturer tends to have great deals and all of the bugs/issues were probably worked out a long long time ago.. That being said, there are those who like to hvae the latest/greatest and don't want to be the last one on the block to have it. I also don't like to buy used, there are too many unknowns as to how the car was treated.

caseyschulte · #6 01-23-2006, 12:02 AM

Thanks for the warm welcome. I, too, have the illness and historically have paid more than my fair share of the "stupid tax." I just happen to suspect that I will have a hard time maintaining the car to my more typical rigorous specifications - i.e. I've seen what happens to other SUVs in baby-hauling mode. As a consequence, I'm trying to bring myself to buy used - though you guys aren't really helping!

Quote:

Originally Posted by breytonX5

Personally I would never buy a car in its last model year due to a variety of obvious reasons but having said that there're great deals that can be had.

I understand this line of reasoning - but see exhibits A-C in the latest 7, 5 and Z4. While the new 3s aren't that bad, I still prefer the old 3s. I just don't have any faith in the design program at BMW anymore ...