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|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)|
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| Originally posted by pamato@Nov 3 2004, 12:27 AM |
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.
| Originally posted by billB@Nov 6 2004, 04:14 PM |
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!
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