Looking to purchase a CPO BMW X5 '11 xDrive35i

bimmertt · 02-08-2014, 10:27 PM

Hi all,

Just looking for some advice as to where to start negotiations and what is a fair price for this car. It has pretty much everything I want, except the newer angel eyes.

2011 BMW X5 xDrive35i CPO
$45,000
24,000 miles
Technology/Cold Weather/Convenience packages
Comfort Access

Thoughts?

Jalndrs · 02-09-2014, 07:52 AM

Quote:

Originally Posted by bimmertt

Hi all,

Just looking for some advice as to where to start negotiations and what is a fair price for this car. It has pretty much everything I want, except the newer angel eyes.

2011 BMW X5 xDrive35i CPO
$45,000
24,000 miles
Technology/Cold Weather/Convenience packages
Comfort Access

Thoughts?

I just paid 45,500 for a fully loaded 50i with MSport. Vehicle had 35k miles and every conceivable option. Msrp of 80k. Car is cpo'd. I thought this was a fair price. Hope this helps.

Brainofjjj · 02-09-2014, 08:56 AM

I bought a fully loaded 12 diesel with 16k miles for 44k. There are some good deals to be had. I personally would not pay more than 40k for just about any 3.5i

RllyDrvrIX · 02-09-2014, 11:14 AM

CPO 11 X5 35i 48K miles for $37k,

All options but Nav.

PeteMoss · 02-09-2014, 06:26 PM

I just bought a 2011 BMW X5 xDrive35i, 15K miles with Technology/Cold Weather/Convenience packages, running boards, Sat radio for 40.4K.

You can replace the Angel eyes bulbs with Lux LED kits. Does the job well but not like the 2012 LED OEM. It's really not a big deal, most people won't care or know the difference.

bimmertt · 02-09-2014, 06:41 PM

Quote:

Originally Posted by PeteMoss

I just bought a 2011 BMW X5 xDrive35i, 15K miles with Technology/Cold Weather/Convenience packages, running boards, Sat radio for 40.4K.

You can replace the Angel eyes bulbs with Lux LED kits. Does the job well but not like the 2012 LED OEM. It's really not a big deal, most people won't care or know the difference.

This seems very comparable to what I am looking at. What was it originally listed for?

I checked KBB and it looks like this car is actually worth very close to what it is listed for so I'm not sure what basis I will have to negotiate lower.

bimmertt · 02-09-2014, 06:42 PM

Quote:

Originally Posted by Brainofjjj

I bought a fully loaded 12 diesel with 16k miles for 44k. There are some good deals to be had. I personally would not pay more than 40k for just about any 3.5i

Any particular reason why? Just curious.

zibawal · 02-09-2014, 07:32 PM

How about 2012 X5 D with 28mpg with low miles still warranty for same or possibly lower $

just an idea

PeteMoss · 02-10-2014, 07:53 AM

Quote:

Originally Posted by bimmertt

This seems very comparable to what I am looking at. What was it originally listed for?

I checked KBB and it looks like this car is actually worth very close to what it is listed for so I'm not sure what basis I will have to negotiate lower.

It was originally listed for 46K in change. Then there was an internet deal of 43.7. Then negotiated down to 40.4K. Deep sea blue metallic with oyster leather. Tires still had the prickly nubs on them.

P1 · 02-10-2014, 10:30 AM

That's expensive. The only thing it has going for it is the fact that is only has 24K miles and that it's CPO. Needs to be closer to $40K.

PeteMoss · 02-10-2014, 11:24 AM

Quote:

Originally Posted by bimmertt

I'm not sure what basis I will have to negotiate lower.

The fact that it is almost 10 months left in the year = that much ~ time left on your original warranty before converting to the CPO warranty. The 2011s are falling in value and dealers need to move them quick. Just name a price and walk out. 45K is too much especially since the 2012s will be coming off lease. Don't buy anything less that 20K miles if you can help it because (chances are) it will have greater residual value by 2016. This will help if you trade up for a brand new BMW before the 2016 CPO warranty ends.

Shop around, use the cars.com search engine and don't be afraid to shop out of state.

jspdr · 02-10-2014, 07:37 PM

Quote:

Originally Posted by bimmertt

I checked KBB and it looks like this car is actually worth very close to what it is listed for so I'm not sure what basis I will have to negotiate lower.

Dealers get their vehicles base on auction value not KBB, therefore i would not start the negotiation base on KBB, because it is always higher than auction. I would want to know how long has it been on their lot? if more than 90 days it might be a great deal, less than 30 days you will have a lot of room to negotiate, but they will hold for more profit.

bimmertt · 02-10-2014, 07:42 PM

I received the unfortunate news that the car has been sold...on to the next one. Thanks for the help all. At least I was able to learn a thing or two about how much I should realistically be paying.

Draper · 02-10-2014, 07:58 PM

Quote:

Originally Posted by bimmertt

I received the unfortunate news that the car has been sold...on to the next one. Thanks for the help all. At least I was able to learn a thing or two about how much I should realistically be paying.

It's all relative...most real world sales will be substantially higher than the forum's consensus of a fair price.

Forum "fair price" = real world bargain

petelebel · 02-11-2014, 10:48 AM

2011 Prices are falling fast. Your best deal is a fsbo. CPO is great but based on what I saw it adds 3 to 4 K to the price of a used car.

02-08-2014, 10:27 PM	#1
bimmertt Lieutenant Colonel 93 Rep 1,794 Posts Drives: 2007 e92 335i Join Date: Nov 2008 Location: Earth iTrader: (7)	Looking to purchase a CPO BMW X5 '11 xDrive35i Hi all, Just looking for some advice as to where to start negotiations and what is a fair price for this car. It has pretty much everything I want, except the newer angel eyes. 2011 BMW X5 xDrive35i CPO $45,000 24,000 miles Technology/Cold Weather/Convenience packages Comfort Access Thoughts?
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02-09-2014, 08:56 AM	#3
Brainofjjj Astronaut 64 Rep 670 Posts Drives: car Join Date: Mar 2008 Location: Dallas iTrader: (5)	I bought a fully loaded 12 diesel with 16k miles for 44k. There are some good deals to be had. I personally would not pay more than 40k for just about any 3.5i
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02-09-2014, 11:14 AM	#4
RllyDrvrIX Private First Class 3 Rep 140 Posts Drives: '12 X5 Join Date: Dec 2013 Location: Lancaster, NY iTrader: (1)	CPO 11 X5 35i 48K miles for $37k, All options but Nav.
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02-09-2014, 06:26 PM	#5
PeteMoss Enlisted Member 6 Rep 44 Posts Drives: X5 Join Date: Dec 2013 Location: Long Island, NY iTrader: (0)	I just bought a 2011 BMW X5 xDrive35i, 15K miles with Technology/Cold Weather/Convenience packages, running boards, Sat radio for 40.4K. You can replace the Angel eyes bulbs with Lux LED kits. Does the job well but not like the 2012 LED OEM. It's really not a big deal, most people won't care or know the difference.
	Appreciate 0 Quote

02-09-2014, 07:32 PM	#8
zibawal Major 36 Rep 1,105 Posts Drives: 2012 X5D Join Date: Aug 2006 Location: SFO BAY AREA iTrader: (0)	How about 2012 X5 D with 28mpg with low miles still warranty for same or possibly lower $ just an idea
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02-10-2014, 10:30 AM	#10
P1 Lieutenant General 11572 Rep 11,136 Posts Drives: 2004 3/4 ton Duramax Join Date: Aug 2007 Location: United States iTrader: (1)	That's expensive. The only thing it has going for it is the fact that is only has 24K miles and that it's CPO. Needs to be closer to $40K.
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02-10-2014, 07:42 PM	#13
bimmertt Lieutenant Colonel 93 Rep 1,794 Posts Drives: 2007 e92 335i Join Date: Nov 2008 Location: Earth iTrader: (7)	I received the unfortunate news that the car has been sold...on to the next one. Thanks for the help all. At least I was able to learn a thing or two about how much I should realistically be paying.
	Appreciate 0 Quote

02-11-2014, 10:48 AM	#15
petelebel New Member 0 Rep 7 Posts Drives: 08 328i wagon Join Date: May 2013 Location: Frederick, MD iTrader: (0)	2011 Prices are falling fast. Your best deal is a fsbo. CPO is great but based on what I saw it adds 3 to 4 K to the price of a used car.
	Appreciate 0 Quote