2002 540 - BMW Forum - BimmerWerkz.com
5-Series (E12,E28, E34, E39, E60) Chat relating to the BMW 5-Series of all generations. Specific models include: BMW 518, BMW 520, BMW 520i, BMW 530i, BMW 528i, BMW 530i, BMW 518i, BMW 524d, BMW 525i, BMW 525e, BMW 528e, BMW 540i, BMW 535i, BMW 520d, BMW 525td, BMW 525d, BMW 530d, BMW 525i/xi, BMW 530i/xi. (BMW 5-Series Forum)

 
LinkBack Thread Tools Display Modes
#1 (permalink) Old 11-03-2004, 01:27 AM
Neutral Member
 
Join Date: Nov 2004
Location: Seattle
Posts: 72
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
pamato is an unknown quantity at this point
Send a message via Yahoo to pamato
(Thread Starter)
Hello all,

I am a newbie to this forum and BMW. I have decided to purchase a 540 and am in the process of searching. I have found one in seattle, black/black, 2002 540i, 6MT, sport package, cold package, with 36K miles and it is certified.

The dealership is asking 43K. Does this price sound high? If so, how much negotiating power do I have, meaning how low do you believe I can purchase this car for.


Thank you for the help.


One last question, where are good places to search for used BMWs.


Paul
pamato is offline  
Sponsored Links
Advertisement
 
#2 (permalink) Old 11-03-2004, 02:49 AM
Neutral Member
 
Join Date: Dec 2003
Posts: 74
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
wiseman168 is an unknown quantity at this point
Quote:
Originally posted by pamato@Nov 3 2004, 12:27 AM
Hello all,

I am a newbie to this forum and BMW. I have decided to purchase a 540 and am in the process of searching. I have found one in seattle, black/black, 2002 540i, 6MT, sport package, cold package, with 36K miles and it is certified.

The dealership is asking 43K. Does this price sound high? If so, how much negotiating power do I have, meaning how low do you believe I can purchase this car for.


Thank you for the help.


One last question, where are good places to search for used BMWs.


Paul
[snapback]223473[/snapback]
Pau, www.kbb.com

Washington November 2, 2004
2002 BMW 5 Series 540i Sedan 4D

Engine: V8 4.4 Liter
Trans: 6 Speed Manual
Drive: Rear Wheel Drive
Mileage: 36,000

Equipment
Sport Pkg
Air Conditioning
Power Steering
Power Windows
Power Door Locks
Telescoping Wheel
Cruise Control
AM/FM Stereo
Cassette
Single Compact Disc
Premium Sound
Dual Front Air Bags
F&R Side Air Bags
ABS (4-Wheel)
Traction Control
Leather
Dual Power Seats
Moon Roof
Alloy Wheels

Consumer Rated Condition: Good
"Good" condition means that the vehicle is free of any major defects. This vehicle has a clean title history , the paint, body and interior have only minor (if any) blemishes, and there are no major mechanical problems. There should be little or no rust on this vehicle. The tires match and have substantial tread wear left. A "good" vehicle will need some reconditioning to be sold at retail. Most consumer owned vehicles fall into this category.

Trade-In Value List Your Car For Sale Online $34,055
Trade-in Value is what consumers can expect to receive from a dealer for a trade-in vehicle assuming an accurate appraisal of condition. This value will likely be less than the Private Party Value because the reselling dealer incurs the cost of safety inspections, reconditioning and other costs of doing business.
wiseman168 is offline  
#3 (permalink) Old 11-03-2004, 03:18 AM
Neutral Member
 
Join Date: Nov 2004
Location: Seattle
Posts: 72
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
pamato is an unknown quantity at this point
Send a message via Yahoo to pamato
(Thread Starter)
Wiseman,

Thanks for kbb. I did look there. If the trade in value is $34K, how much higher can I negotiate?



Paul
pamato is offline  
#4 (permalink) Old 11-06-2004, 02:00 AM
Neutral Member
 
Join Date: Dec 2003
Posts: 74
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
wiseman168 is an unknown quantity at this point
Almost all the dealership get the car from the auction, markup price different between $6,000 - $10,000

Trade in value is $34K (this is for normal people, you, and me)
Auction price dealership can buy this car around $24k

This car is certified so add $2-$4k to the price..

Tell them you will get it for $28k or start negotiate at $28k
Because this car is certified, if you finance with BMW (long as you have good credit 700+) your rate can be as 3.9% (I think).

Use this to negotiate:
1. Tell them 36k mile for 2 year old car.. little too much (They will tell you hwy most driving)
2. 6 speed MT/ only man will want this car, pain in the butt drive in the city
3. 540i Sport - insurance will be alot..

Good luck
wiseman168 is offline  
#5 (permalink) Old 11-06-2004, 05:14 PM
5th Gear Member
 
billB's Avatar
 
Join Date: Aug 2004
Location: New Jersey
Posts: 1,635
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
billB has a reputation beyond repute billB has a reputation beyond repute billB has a reputation beyond repute billB has a reputation beyond repute billB has a reputation beyond repute billB has a reputation beyond repute billB has a reputation beyond repute billB has a reputation beyond repute billB has a reputation beyond repute billB has a reputation beyond repute billB has a reputation beyond repute
Send a message via Yahoo to billB
Wiseman168

While this sounds like a very good strategy to follow. The dealers especially authorized BMW do know their customers and/or cars:
A. They are aware of the fact that BMW is a luxury car.
B. They know you willing to spend the money otherwise you won't be there.
C. They already lnow you like the car, they don't have to convince you with its features alas a Yugo.
C. Used car salesmen have little control if any over the dealers asking price.
D. Yes they get it from the auction at a wholesale price; but they mark up their profit a priori; and they expect to get it. BMWs do sell themselves; don't they?

As such your negotiating ability becomes very limited with the salesman; to be realistic I would consider a drop in the hundreds not thousands. Buying from a non BMW dealer on main st. is entirely different story and has some sort of built in bargaining chips embedded in the very process of selling a used car!

Regards
billb
billB is offline  
#6 (permalink) Old 11-08-2004, 12:36 AM
Neutral Member
 
Join Date: Dec 2003
Posts: 74
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
wiseman168 is an unknown quantity at this point
Quote:
Originally posted by billB@Nov 6 2004, 04:14 PM
Wiseman168

While this sounds like a very good strategy to follow. The dealers especially authorized BMW do know their customers and/or cars:
A. They are aware of the fact that BMW is a luxury car.
B. They know you willing to spend the money otherwise you won't be there.
C. They already lnow you like the car, they don't have to convince you with its features alas a Yugo.
C. Used car salesmen have little control if any over the dealers asking price.
D. Yes they get it from the auction at a wholesale price; but they mark up their profit a priori; and they expect to get it. BMWs do sell themselves; don't they?

As such your negotiating ability becomes very limited with the salesman; to be realistic I would consider a drop in the hundreds not thousands. Buying from a non BMW dealer on main st. is entirely different story and has some sort of built in bargaining chips embedded in the very process of selling a used car!

Regards
billb
[snapback]225835[/snapback]
Billb,

Can't get this right price for the car you, shop somewhere else.. there is alot of nice car for sale (take your time) remember car is your 2nd largest invistment.

Recommanded buy the car in the dealership because warranty and its dealership..

Encomy like today, not much people can buy expansive car, you have to beat the salesman. Remeber take your time.

wiseman168 is offline  
Sponsored Links
Advertisement
 
Reply

  BMW Forum - BimmerWerkz.com > BMW Model Specific Forums > 5-Series (E12,E28, E34, E39, E60)


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
User Tag List

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Similar Threads
Thread Thread Starter Forum Replies Last Post
540 or 530 draven1018 5-Series (E12,E28, E34, E39, E60) 9 11-24-2005 05:36 PM
1972 2002 Tii 2 Complete Drive Trains!! weldunn007 Classifieds Sell & Buy 5 03-17-2005 08:26 PM
Let's try and make the best 2002... wax Bimmer Talk/Motorsports Talk 3 04-19-2004 08:13 PM
BMW Group Sales for 2003 Stacy540i Bimmer Talk/Motorsports Talk 0 01-05-2004 02:10 PM

Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome