Looking to purchase a 2006 X5...

[Cobra 427]

Hi,

My name is Randy, and this is my first post here... I've been a BMW owner for about 6 years - I drove an '03-325i for 4 years, then upgraded to an '05-545i a year ago. I purchased them through the BMW CPO program.

I'm looking to replace my wife's big Ford SUV with an X5, however I'm on a tight budget. I like the 2007's but there is big price difference between the E53 and E70...

I'm currently looking at a 2006 X5 3.0i with many options (sport, premium, nav, pdc, cold, etc...) and low mileage (22K) - clean CarFax. It's at a local dealer, however they are NOT selling as a CPO.

I'm thinking of making an offer that includes CPO (and new tires), however I'm not sure how much the dealer will try to add to the price to "CPO" the vehicle.

If you have any advice in this area, then I would be greatly appreciative.

Thanks,
Randy...

[sprocket1200]

forget the CPO, just get a good used one checked out. go higher miles, we got ours with 43K on it and it is fine. Hell, you could go for 60-70K no problem.

There is little difference between 04-06, feel free to get 04 or 05 to save some cash...

[N S]

If you're going to buy from a dealer, buy CPO. If you're going to buy private party, I'd want around $5k less than what the dealer is willing to give you. Looks like BMW is still offering 0.9% financing on 2006 X5s as well.

With that said, you should expect to pay $1k more for the CPO than the equivalent private party going value. (I know this doesn't make sense based on what I stated above, however the reasoning is you'll have to really barter down the private party value to get that kind of a discount)

Also, I noticed your in Fremont, you may want to consider driving up to Pleasanton to check their inventory. I found them more willing to deal than Fremont. Just my experience however.

[sprocket1200]

negotiate as N S stated above, but if the cpo isn't nearly free, forget it. why pay them profit?? it is a scare tactic. unless you are hard on your vehicle, go for DIY...

[LightWerkz]

CPO or bust with these IMHO. I got mine as a second "convenience" car, I didn't want to pay out of pocket for anything right away. I'm glad mine was CPO'd wouldn't have it any other way.

[X509]

I picked up an '06 under warranty until September 2010, 24k miles on the clock, and I am glad to use it as much as I can. If it is still under factory warranty for another year (depending on the miles), I wouldn't necessarily worry about getting one with CPO, although if you are getting it from a BMW dealer I would insist that they include it with the purchase.

If you go elsewhere such as private party, you can probably get the X5 a bit cheaper, and then purchase an aftermarket warranty when the factory warranty expires.

[motordavid]

If that car of interest, is at a BMW dlr, I would wonder why they would not
CPO, esp with the light miles...if it's at a non-BMW, I understand.

The low miles are of real interest, imo. And, it has lots of good options on
it. If it's at a non-BMW, I would ask for the key to be run at a BMW dlr,
to see its service history.
Sweet car...unless your wife's tastes are very different, she will love the
X5, imo.
GL,mD

[killcrap]

i would stay away from that x5, especially if its from the dealer. A x5 that is still under warranty, with low miles, and the dealer does not want to CPO it? That is unheard of. Possible body damage, modified by the first owner. If it was a purchase assist vehicle(buyback lemon car), then the vehicle does not qualify for CPO.

[Cobra 427]

Thanks for your words of advice...

Originally Posted by N S

If you're going to buy from a dealer, buy CPO...
With that said, you should expect to pay $1k more for the CPO than the equivalent private party going value...

Also, I noticed your in Fremont, you may want to consider driving up to Pleasanton to check their inventory. I found them more willing to deal than Fremont. Just my experience however.

I assumed about $1k, given how much the dealer will charge to purchase the Extended Warranty, which is pretty much what a CPO is.

The X5 that I'm looking at is not at Fremont.

Originally Posted by X509

...I wouldn't necessarily worry about getting one with CPO, although if you are getting it from a BMW dealer I would insist that they include it with the purchase...

This is my feeling from my experience of buying two CPO BMWs.

Originally Posted by motordavid

If that car of interest, is at a BMW dlr, I would wonder why they would not CPO, esp with the light miles...

Originally Posted by killcrap

A x5 that is still under warranty, with low miles, and the dealer does not want to CPO it? That is unheard of. Possible body damage, modified by the first owner. If it was a purchase assist vehicle(buyback lemon car), then the vehicle does not qualify for CPO.

Exactly my question, and why I raised this thread. The BMW dealer offers free carfax on their website, and this car is clean (3 year lease return, no accidents, local car [not from out of state]). Interestingly, this dealer has a couple of CPO X5s for sale, where the carfax shows accidents

I'm taking my wife to the dealer on Thursday to check it out in more detail. Wish me luck!

Thanks,
Randy...

[X509]

Good luck Randy, hopefully we see you on the board in the future.

I have to agree with the others, if the dealer is flat out refusing to sell with the CPO, stay away. But personally, with the economy being what it is and dealers hurting for sales, I would take my money elsewhere or wait until they come to their senses if they won't include it. I ended up waiting an extra 3 weeks after a car dealer turned down my take it or leave it offer, and in the end he ended up calling me when he was ready to meet my price.