Buying a used 550i, how's the reliability?
#11
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My Ride: BMW 528i
Lexus LS460
Lexus GX470
Lexus RX300 Silversport
Welcome to the same boat as me! haha. I'm new to the E60 experience but according to a lot of threads I've ran across on this forum, to maintain a 5 series after so many miles could get costly. Lexus is very reliable, hence that's why I did not extend the warranty on my GX470 (and it was a guinea pig unit too because I was one of the very first to buy the GX when it first came out) but of course I ran into a few guinea pig bugs and defects but now she's running perfect and very well has much juice left in her without worrying about major repair bills..
I'll report back after 3 years if I could say the same thing about my 528i. It's a fun car to drive, so are Lexus vehicles, but it's like comparing apples and oranges. Lexus is for reliability and comfort, BMW is more of performance and handling
I'll report back after 3 years if I could say the same thing about my 528i. It's a fun car to drive, so are Lexus vehicles, but it's like comparing apples and oranges. Lexus is for reliability and comfort, BMW is more of performance and handling
#12
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Wow thanks for the quick replies. Although the one post with a big repair every year is pretty bad. Reliability is obviously not my main concern but it definitely is important to me because an extra several thousand a year quickly adds up and could've meant another very nice car initially.
How good are the CPO warranties offered by BMW? Will it cover almost everything? I see another 550i that is $4K more and is a year newer with 44K miles and is a CPO car and might consider it now. Just to be sure, if it's a CPO car sold by BMW, it's 6 years from when it was made (2007) or 100K miles right?
I also had a backup car of a 2007 GS350 just in case my concerns of reliability and the cost of maintaining the 550i changed my mind. I take really good care of my car but I am also a very DIY guy and try to fix a lot of things on my own. Also, how easy is it to change the oil in a 550i on your own? I always change my oil with Mobil 1.
How good are the CPO warranties offered by BMW? Will it cover almost everything? I see another 550i that is $4K more and is a year newer with 44K miles and is a CPO car and might consider it now. Just to be sure, if it's a CPO car sold by BMW, it's 6 years from when it was made (2007) or 100K miles right?
I also had a backup car of a 2007 GS350 just in case my concerns of reliability and the cost of maintaining the 550i changed my mind. I take really good care of my car but I am also a very DIY guy and try to fix a lot of things on my own. Also, how easy is it to change the oil in a 550i on your own? I always change my oil with Mobil 1.
#13
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My Ride: 2008 550I LOADED, all options except HUD and NV
Originally Posted by johnny13oi' post='982160' date='Aug 19 2009, 11:03 AM
Wow thanks for the quick replies. Although the one post with a big repair every year is pretty bad. Reliability is obviously not my main concern but it definitely is important to me because an extra several thousand a year quickly adds up and could've meant another very nice car initially.
How good are the CPO warranties offered by BMW? Will it cover almost everything? I see another 550i that is $4K more and is a year newer with 44K miles and is a CPO car and might consider it now. Just to be sure, if it's a CPO car sold by BMW, it's 6 years from when it was made (2007) or 100K miles right?
How good are the CPO warranties offered by BMW? Will it cover almost everything? I see another 550i that is $4K more and is a year newer with 44K miles and is a CPO car and might consider it now. Just to be sure, if it's a CPO car sold by BMW, it's 6 years from when it was made (2007) or 100K miles right?
You are much better off with CPO than without. It could really cut those repairs (if any) by quite a bit.
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My Ride: 1998 Lexus GS300
I also had another question, when would be the best time to buy a 550i in terms of price? I am in no rush really. I have read that there is going to be a really drastic new design for 2011 for the 5-series and from some renders people have posted, I actually like the current look better.
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My Ride: 2006 550i, 1984 Mercedes Gelandewagen
Originally Posted by johnny13oi' post='982170' date='Aug 19 2009, 11:09 AM
I also had another question, when would be the best time to buy a 550i in terms of price?
#16
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Originally Posted by pjinca' post='982141' date='Aug 19 2009, 10:42 AM
Yes, and a BIG bonus would be if you decide to add copious amount of chrome to your car so that we can all have a good laugh.
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My Ride: 2008 550I LOADED, all options except HUD and NV
Originally Posted by johnny13oi' post='982170' date='Aug 19 2009, 11:09 AM
I also had another question, when would be the best time to buy a 550i in terms of price? I am in no rush really. I have read that there is going to be a really drastic new design for 2011 for the 5-series and from some renders people have posted, I actually like the current look better.
Then the best time will be from now until the next model release. Prices on all E60 (model year 2004-current) are dropping as we approach the next model (F10) release, I did what you will likely do. I was patient, looked around and waited for a car that had the options and mileage I wanted and then went and got it. Do that and you probably can't go wrong. Just one word of warning - that 550 is a best, good luck wiping the silly grin off your face whenever you drive it.
#18
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Originally Posted by or_550i' post='982181' date='Aug 19 2009, 11:15 AM
Probably when gas prices get high again.
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Originally Posted by unknown' post='982025' date='Aug 19 2009, 11:24 AM
plus you'll get a complimentary subscription to this great forum
#20
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Originally Posted by pjinca' post='982190' date='Aug 19 2009, 11:21 AM
Then the best time will be from now until the next model release. Prices on all E60 (model year 2004-current) are dropping as we approach the next model (F10) release, I did what you will likely do. I was patient, looked around and waited for a car that had the options and mileage I wanted and then went and got it. Do that and you probably can't go wrong. Just one word of warning - that 550 is a best, good luck wiping the silly grin off your face whenever you drive it.
ian