Got my buyout quote today:

[FatX5]

I sold my 08 4.8 privately for $39k with 30,000 miles. So i think that mid $40's would be correct for a CPO. By the way BMW only wanted to give me $36k. This was back in October 2010.

[faz]

I have been looking at 2008/09 models listed on local craigslist here in SF bay area, and mid 40's is where I find the general advertised price for a 4.8i. Here is an example:

2008 BMW X5 Series 4.8i ### BUY NOW! ###
Price: $45,888.00


Type: Certified Bodystyle: SUV Engine: 4.8-Liter 8-Cylinder 350HP Transmission: Automatic Exterior Color: Jet Black Interior Color: Tobacco Nevada Leather Stock#: A97890PC VIN: 5UXFE83538L161307 Mileage: 29,580

I think the dealer is not giving you a break since your mileage is pretty low, and it will be a very desirable car on their lot.

Try calling other dealers. I just renegotiated my wife's 328i lease a few months ago and saved about $2500 on my buyback price. You don't have to limit yourself to the dealer you talked to. (Unless there are no others in your area.) When you call other dealers, tell them that you would want to buy back your own car for a quick $1k or so for them to make on it. It took the dealer that I talked to about 3 hours to take the car back from me, do the paper work and sell it back to me at a lowered price (they still made about $1k.)

On a low mileage example like yours, I would personally NOT get the extended warranty and save the money. Chances of anything serious going wrong with yours within the next 20k miles or so (which is what you would realistically be driving) is VERY low.

My 2 cents, hope this helps.

[francars]

Originally Posted by GAM3OVR

I can pick up your car at Auction all day long in the mid to high 20s. Paying 42K for a 30K car doesn't make sense, regardless of trouble fee status.


03/17/11 MANHEIM Regular $36,500 24,311 Above BLACK 8G P Yes
03/11/11 NADE Lease $33,100 27,047 Avg TITANIUM 8G P Yes
03/10/11 RIVRSIDE Lease $35,000 27,127 Avg MONACO B 8G A Yes
03/08/11 OHIO Lease $35,250 27,293 Above PLATBRON 8G A Yes
03/02/11 ATLANTA Regular $34,800 27,748 Avg BLACK 8G A Yes
03/23/11 MILWAUKE Lease $35,500 31,635 Above SPACEGRY 8G A Yes
03/25/11 MANHEIM Regular $32,700 33,356 Avg BLACK 8G A Yes
03/15/11 FAAO Regular $35,300 34,474 Above GRAY 8G A Yes
03/02/11 DENVER Regular $34,500 35,221 Avg BLUE 8G A Yes
03/23/11 MILWAUKE Lease $34,750 35,874 Avg BLACKSAP 8G A Yes
03/02/11 ATLANTA Lease $32,000 35,993 Avg TITANIUM 8G A Yes
03/03/11 MANHEIM Regular $36,500 38,203 Above WHITE 8G A Yes
03/23/11 MILWAUKE Lease $33,000 38,645 Avg MONACO B 8G A Yes
03/23/11 MILWAUKE Lease $35,000 39,448 Avg MONOCO B 8G A Yes
03/09/11 CEN FLA Regular $32,200 40,924 Avg GRAY 8G A Yes
03/15/11 RIVRSIDE Regular $31,500 41,317 Avg BLACK 8G A Yes
03/10/11 RIVRSIDE Lease $32,750 43,303 Avg SPACE GR 8G A Yes
03/23/11 MILWAUKE Lease $33,000 44,026 Avg SPACE GR 8G A Yes
03/02/11 DENVER Lease $32,500 44,068 Avg DK BLUE 8G P Yes
03/09/11 DENVER Regular $34,500 44,304 Avg WHITE 8G A Yes
03/02/11 ATLANTA Lease $34,000 44,715 Avg PLATBRNZ 8G A Yes
03/17/11 NEVADA Regular $34,500 44,975 Avg BLACK 8G A Yes
03/08/11 OHIO Lease $34,250 45,544 Avg MONACO 8G A Yes
03/25/11 MANHEIM Regular $35,500 46,124 Above Black 8CY A Yes
03/22/11 FAAO Lease $35,200 46,346 Avg BLACK SA 8G A Yes
03/24/11 HOBBY Regular $29,900 47,916 Avg GOLD 8G A Yes
03/17/11 NEVADA Regular $31,000 48,057 Avg SILVER 8G A Yes
03/04/11 MANHEIM Regular $29,750 49,891 Avg BLACK 8G Yes
03/02/11 ATLANTA Regular $23,000 50,728 Below SILVER 8G A No
03/24/11 RIVRSIDE Regular $31,750 53,458 Avg BLUE 8G A Yes
03/02/11 NASHVILL Regular $30,900 54,389 Avg Blue 8CY A Yes
03/23/11 MILWAUKE Lease $33,250 56,917 Avg JETBLACK 8G A Yes
03/03/11 ATLANTA Regular $26,700 57,401 Below SPC GRAY 8G A Yes
03/08/11 OHIO Lease $33,000 58,338 Avg BLKSAPPH 8G A Yes
03/09/11 NADE Regular $36,000 58,815 Above BLACK 8G A No
03/25/11 MANHEIM Regular $31,500 59,273 Avg GREY 8G Yes
03/01/11 OHIO Lease $30,000 59,494 Avg BLKSAPPH 8G A Yes
03/24/11 W PALM Lease $28,800 60,309 Avg SILVER 8G A Yes
03/17/11 MANHEIM Lease $27,500 60,806 Below BLACK 8G A Yes
03/02/11 MILWAUKE Regular $28,500 63,265 Below PACEGRAY 8G A Yes
03/24/11 GTR TMPA Regular $27,000 64,478 Below GRAY 8G A Yes
03/23/11 MILWAUKE Lease $35,000 64,801 Avg BLACKSAP 8G A No
03/01/11 SKYLINE Regular $27,300 67,921 Below Silver 8G A Yes
03/10/11 ATLANTA Regular $24,600 71,676 Below GOLD 8G A Yes
03/02/11 ATLANTA Lease $26,600 71,683 Below TITANIUM 8G A Yes
03/17/11 NEVADA Lease $28,750 76,457 Below SPACE GR 8G A Yes
03/23/11 MILWAUKE Lease $29,000 77,711 Avg SPACE GR 8G A Yes
03/16/11 NADE Regular $28,800 80,266 Avg WHITE 8G A Yes
03/23/11 MILWAUKE Lease $26,500 81,811 Below BLACKSAP 8G A Yes
03/18/11 DALLAS Regular $27,600 81,950 Below GRAY 8G A Yes
03/03/11 CHICAGO Regular $26,750 84,667 Below BLK 8G A Yes
03/21/11 SAN ANTO Regular $27,800 87,866 Below SLVR 8G A Yes
03/23/11 NADE Lease $28,500 90,113 Below BLACK SA 8G P Yes
03/03/11 AWS Regular $28,400 93,180 Below BLACK 8G A Yes

Are you an auto broker? I get the lists from Hayward, CA and Riverside. I can see they are going for low to mid $30ks predominantly. This is what my broker said but now they are selling for more? (according to him).

There is only 1 that will be going in auction that is of my liking - 08 with 31k miles black/black with pretty much everything. It was or close to $80k sticker. He says that if we are lucky we can get $40k for it

[GAM3OVR]

Those things are all scam. They take you to Auction which is illegal BTW! They can lose their license to buy cars for regular people. Then they say you won a so and so car, add all sorts of fake fees, jack up the winning bid, and tell you oh WOW you won a car for 40K, give me $250 for taking you there. In reality what happened was, he won the car for 32K out the door, and there is a $250 Auction fee, so you just made him 8K profit for maybe 15 minutes worth of work.

They pay with their Dealer accounts, so you never see what was actually paid for the car, they get the title right away, and you write him a check for 40K. It's all over craigslist ads such as "I take you to auction" etc...

[ard]

Originally Posted by francars

Are you an auto broker? I get the lists from Hayward, CA and Riverside. I can see they are going for low to mid $30ks predominantly. This is what my broker said but now they are selling for more? (according to him).

There is only 1 that will be going in auction that is of my liking - 08 with 31k miles black/black with pretty much everything. It was or close to $80k sticker. He says that if we are lucky we can get $40k for it

I know a hell of a lot about cars and I would not buy at auction.

If I was in the business I could absorb the occasional 'miss'...but you cannot.

Good luck...

[GAM3OVR]

All Lease Returns go to Auction, BMW North America, Land Rover North America, bring up Lease return cars in 100's daily. Buying at Auction is dangerous when you buy from mom & Pop's dealers who for some reason can't sell a certain car, so they bring it to Auction to dump it. If you are buying from Franchise banks who lease cars, you are in good hands, specially cars with left over warranty.

[ard]

How do you determine if the lease return has had damage/paint repairs:? (not 'frame damage)

[GAM3OVR]

Each car has a report card, and at Auction, they rate them, and write everything that's wrong with them called PPI (Pre Purchase Inspection Report). They also tend to write more bad things, than it is on the car, they over deliver just so there is no words after. If you win a car, and there is something wrong with it, you don't have to bring it to home. That rule makes them not wan to waste time. They write it as is, and this way less returns.

Also each person has tools.
1. Unlimited Carfax
2. Unlimited AutoCheck
3. Unlimited SafeAssign Title Check
4. Paint Reader
5. OBDI Engine Reader

Mom & Pops dealers who can't sell a certain car lie a lot, and have shady cars. But BMW, Porsche, Benz, these billion dollar companies aren't going to jepordise their reputation over getting an extra 1000 on a car. They write it as is, dump it. They make their money off you consumers.

[GAM3OVR]

Here is a Report on a X5 running in on Thursday. I removed the VIN Number etc... So I can see lots of pictures, they gave it a 2.5/5. More than likely, this is one of the ones selling for low 20s. Then on the bottom it also tells me if I were to buy this car, and wanted to fix it up, what I need to do. Very nice and Detail etc...

For example this one is a NYC Car, usually lots of rust, lots of abuse on the suspension due to the road condition. Coming off a lease, that was turned in at BMW of Manhattan. Lastly on the bottom, any body type that says "PREV WORK" means, it was fixed, painted, or worked on, so right away you know accident car, no need to even waste a carfax or AutoCheck, and you move on.

Then on top of this detailed report, I got the other stuff as I mentioned:
1. Unlimited Carfax
2. Unlimited AutoCheck
3. Unlimited SafeAssign Title Check
4. Paint Reader
5. OBDI Engine Reader

I just look at the Report, anything below 4.5 or lowest 4/5, I don't buy.

[sleepless]

Originally Posted by NY-4.8IS

I brought an 07 fully loaded (third row, hud , tech, sports, rear entertainment, cold weather package, black on black) with 38,000 for $34,000 in January and im in NYC..... I saw '08's in the upper $30's

Really 08 4.8 for upper $30's .. CPO ? ..... can I ask u where did u find these ? I have been looking in Tristate and its in the mid to low 40's.......