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)
Hello everyone, I am new to this forum as well as a hopefully first time BMW owner. I have been getting conflicting opinions about BMWs by various people, so I thought a forum of enthusiasts/experts would be the best way to get straight forward answers. I have read several old post, but still have a few questions although there may be some overlap.
1) I am hopefully looking at a 07 or newer 5 series (one of the 6 cylinder models) with 60,000 miles or so. I am also trying to keep the price at or under $25,000. Is this a reasonable expectation? I see prices at dealerships anywhere from the 20s up, but being my first time purchasing I am not sure how much “wiggle room” there may be in those prices.
2) Also is getting a CPO a must, and if not is purchasing an extended warranty a good idea? Also would you trust a mechanic other than at the dealership do any work/maintenance?
3) Finally and also related, what kind of actual maintenance/ repair cost should I expect? I realize you have to maintain all cars and used ones wear out, however I have heard horror stories about maintenance cost associated with owning a BMW, and I am trying to decide if going without a warranty is a poor decision or not. I intend to drive the car hopefully 5+ years.
Thank you for your time and responses; I really like what I have seen thus far, I am just trying to do my due diligence before I make a final decision. With any luck I can be posting about how much I love my new (to me) BMW on this forum for years to come!
I recently picked up a 2008 528i CPO. Approx 40K miles, $30K USD. I considered it a fair value, not exceptional.
Personally, I liked the idea of having the CPO for the extended warranty on major items. Of course, I won't know how good it is until I have to use it.
For $2600, the dealer offered an extended service package to cover the standard service costs for 2 years or 50K miles after the orignal factory warranty period expired. I opted not to do this. I did not see the value.
As for maintenance costs, I previously had a VW Touareg which was on the pricey side relative to maintenance. I expect the maintenance costs to be similar ~$1,500 per year on average given driving 12K miles per year.
I have always used the dealership to service my cars with the belief that they see them every day so they should know more and the fact that they may have info from the factory that independents may not have. Also, for the last couple of cars I have owned, the dealer provides loaner cars at no cost.
I would consider a well-respected independent if the dealer fails me in some way.
Overall, I have been happy with my 528i CPO. However, I have encountered a couple of quirky things that you may want to reserach and consider....1) An A/C odor caused by mold/mildew is considered normal. You will have to pay to have the system cleaned; 2) The bluetooth may or may not work for you. Based on my experience, if you do not have a phone on the "tested phone" list, bluetooth support will be nil from the dealer and BMW North America.
Some of the independent specialist shops will know these cars nearly as well as the SMW shops, as they are sometimes owned by ex-BMW staff that are enthusiasts rather than just employees, they also sometimes have insight into after market mods/accessories which the dealerships may not be inclined to offer. The trick is to find a relationship which works for you, and doing the research up front (like you are now) is the cheapest way to do it.
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