What do you think of this price for an X5?
 

I am considering buying this vehicle tomorrow (I really loved it when I saw it)...if anyone could give me an honest opinion on the price I am buying it for I would really appreciate it. I want to make sure I am getting a pretty good deal. You guys are experts and I am just a newbie to X5's!

The dealer is selling the vehicle (specs listed below) to me for $32,000. Its certified pre-owned with a warranty.

2002 X5
6 CYL 3.0L
Miles: 45638
Black/Black
Fabric: Leather
Engine: 6 CYL 3.0L
Equipment: All Season Traction Control,All Wheel Drive,Automatic Air Conditioning,Automatic Transmission,Cold Weather Package,Dark Wood Trim,Dual Power Seats,Dynamic Stability Control,Glass Moonroof,Headlamp Washing System,Heated Front Seats,Heated Steering Wheel,Navigation System,Premium Package,Premium Sound System,Rain Sensor,Rear Climate Package,Xenon Headlamps,

Thanks!!

Is it a BMW dealer and a CPO BMW warranty?

It is a certified pre-owned warranty. I believe 2 years on top of the standard warranty when that runs out.

I believe it's a little overpriced for an 02 3.O, but that's just me!

But is it being sold as a BMW warranty by a BMW dealer or are you buying it from a non-BMW dealer? It makes a HUGE difference.

It looks to be priced about a grand too high to be a decent deal. A dealer or seller wants to make money on the vehicle, you can't expect them to break even and be satisfied, but you have some room.

It doesn't seem to have the sport package, or park distance control (do you know if it does?) Does it have rear climate control?

I just pulled this from Edmunds.com with the mileage you quoted:
2002 BMW X5 3.0i AWD 4dr SUV (3.0L 6cyl 5M)
Trade-In Private Party Dealer Retail
National Base Price $22,072 $23,547 $26,004
Optional Equipment $4,182 $4,454 $5,449
Total $26,131 $27,870 $31,307


Certified Used Vehicle $34,084

Beware that if a third party dealer (not a BMW dealer) is selling you a "CPO" warranty, it ain't really a CPO warranty. It's an insurance policy and you'll be paying for a percentage of the repairs most likely. Warranty companies don't like to pay the $110 per hour that a BMW dealership costs.

Talk 'em down and tell them that you can't have a BMW CPO'd and sell it through a third party dealer as a BMW CPO if that's their angle.

Good luck, homes.

JV

For a CPO car...your a little high...but not too bad.

Thanks again for all of your help JV.

To answer your question....its being sold at a BMW dealership.

I unfortunatley don't know if it has rear climate control or park distance control.

Oh ya...and I would be getting it at 2.9% financing.

So what do you think?

At 2.9% with a BMW CPO warranty I'd tell them to get you a MkIV DVD based Nav computer for it and sign the paperwork. Keep us posted!

JV

I think you should have some room for negotiation. I got my Certified 2003 X5 3.0 with just 25k mi. just 2 weeks ago from BMW dealer. It came with same options you mentioned. And I paid just a hair more than $32k. And mine still has full maintenance til May 2007 and 6 year warranty til May 09. I think you should definitely nego.

And if your credit is good ( 700 plus Fico) you should also be able to get 1.9, they are holding back a point on the rate too!!