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2010 2011 BMW 5 Series Forum F10 BMW 5-Series (F10) Forums General 5-Series Sedan and Wagon (F10 / F11) Forum Potential 528 buyer!
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      11-10-2013, 03:57 PM   #1
Birch
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Potential 528 buyer!

So I think after a month of obsessively reading the forum and scouring ads, I think we found the one with the color combo (White/tan) and are going to look at it Monday night.

528 with X Drive, Cold weather, Nav/rear Camera. That has what we are looking for in options. 27,000 mi, good CarFax. A lease return bought at auction and has been at the dealer since 5/3/13. Asking $38,000. Non-BMW dealer so not CPO'd.

I'm trying to get a handle on what's a good price? Different sources say it's a few hundred under book, but I thought I'd ask the real world folks.

We are wanting $35k or below and are just writing a check. (I know, we could get something great on lease new, but my wife is a pay cash and own for 8-10 years person.)

This board has been a huge resource, and thanks in advance!
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      11-10-2013, 07:20 PM   #2
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Quote:
Originally Posted by Birch View Post
So I think after a month of obsessively reading the forum and scouring ads, I think we found the one with the color combo (White/tan) and are going to look at it Monday night.

528 with X Drive, Cold weather, Nav/rear Camera. That has what we are looking for in options. 27,000 mi, good CarFax. A lease return bought at auction and has been at the dealer since 5/3/13. Asking $38,000. Non-BMW dealer so not CPO'd.

I'm trying to get a handle on what's a good price? Different sources say it's a few hundred under book, but I thought I'd ask the real world folks.

We are wanting $35k or below and are just writing a check. (I know, we could get something great on lease new, but my wife is a pay cash and own for 8-10 years person.)

This board has been a huge resource, and thanks in advance!

I assume we are talking about a 2011 528xi? For that age, mileage & options ... $35k seems too high to me. My lease on my well optioned ($71k MSRP) 2011 535xi M-Sport ends in 5 months, and the buy-out is only $39k ... I would expect a lower-optioned 528xi to be about $30k at this point in time
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      11-10-2013, 07:26 PM   #3
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Quote:
Originally Posted by pillpusher84 View Post
I assume we are talking about a 2011 528xi? For that age, mileage & options ... $35k seems too high to me. My lease on my well optioned ($71k MSRP) 2011 535xi M-Sport ends in 5 months, and the buy-out is only $39k ... I would expect a lower-optioned 528xi to be about $30k at this point in time
Those are good points, but mileage is a factor, too. 27K is low miles for a three-year-old car. If your car is in that mileage range at lease-end, I would expect it might easily fetch more than $39K in top condition.

Another point for the OP is the engine. The 2011 528i is N52, normally aspirated six. The current model, with the N20 4, is a little peppier and more economical. That should tend to push the market price of the 2011 down.
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      11-10-2013, 07:34 PM   #4
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Oh, sorry. It's a 2012 with the 4cyl-turbo.
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      11-10-2013, 08:47 PM   #5
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There aren't too many options on the car, it sounds like. Auction prices for that car range from $32,000 at the high end to $27,000 at the low end. Average auction mileage is 29k - so you're not that far below average. So, $38k is about a fair "ask" for a dealer. However, you should easily be able to come down from that. For one, he's been sitting on the car for 6 months, which should make him motivated. He's tied up lots of cash and lost money already. I think you should easily be able to get it for $35k, and if you're a tough negotiator for even less. How much is an equivalently equipped car going for on other sources? How much do you love this particular one?

Also - @Birch check PM for a report I sent you.
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      11-11-2013, 10:14 AM   #6
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Quote:
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Oh, sorry. It's a 2012 with the 4cyl-turbo.
So I have to retract my comments about low mileage, too.
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      11-11-2013, 09:53 PM   #7
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Well, offered $35k and they didn't budge on their price of $38k.

Is it just me, or are used car prices listed "as is" and there's no longer negotiation?
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      11-12-2013, 11:59 AM   #8
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Prices I'm seeing on Manheim Auction
Auction-32300 30000 27700
Retail-40800 38900 37000

7 cars sold in Oct from 26061-35955

Hope this helps
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      11-13-2013, 02:05 PM   #9
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Thanks!

I'm wondering if the 528's are still going to be around 40k out the door, do I look at the flood of 2011 535's that are about the same price?
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      11-14-2013, 11:25 PM   #10
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I think that price is a tad high for a 528xi. If it had the CPO it might be worth it but not without.
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