2003 X5 4.4 with sport

[utdeveloper]

Ok, here is the deal. I am about to finally pull the trigger on a CPO X5 with 58,000 miles and the extended maintenance to 100,000 miles. I negotiated a pretty good deal ($29,500), but I am getting screwed on my trade-in (leased 2005 525i), which should be expected. I understand that the dealership has to make their money somehow…but I am looking for reassurance that I am making an o.k. deal. All in, I am writing a check for $38,000 for the car, which includes my negative equity. I figure that this car sells for around $33,000, and with tax/title/license it would be around the $38,000 that I am going to pay. Am I crazy for doing this deal?

As a side note, I NEED an SAV for my job. I am in residential development and need to do a bit of off-roading every once in a while for work. Basically, I need to be able to jump curbs and be able to ride on grass/gravel/rocks that my 525i would not be able to handle. I would get a Tahoe, but after driving a BMW for over a year I don’t think I can go back. I think that this is my best alternative.

Also, any advice on what I should look for before purchasing would be appreciated. I don't want to get a car that is going to be in the shop all this time.


Any thoughts are appreciated. Thanks!