High Price on Used 530i?

[BookemDano]

Hi,

I'm thinking about a used 530i. However, prices seem to be extremely high. For example, one 2003, plain-vanilla 530i with Automatic and 20,000 miles is selling for $44,000 here in Western Washington.

I can buy a brand new 530i with Premium pack, sport pack and cold weather pack for $52,000.

I know that BMW's are pricey and keep their value, but is this normal? Any ideas why?

I'd appreciate your feedback.

Thanks and regards,

Dan.

[Silver4evr]

Check this link for prices in the L.A. area...about the same as yours.

[LOS]

That sounds about right even if is not "certified" by a BMW dealer... The warranty is good for six years or 100k if certified...

LOS

[Gulelin]

I found the same thing when I was shopping for a 3 series in Jan. The used models were so close in price to the new models there was no point in buying used...so I didn't.

[CiscoKid]

its high, because the car is only one year old... and there is bairley any miles on the mutha