First off thanks to everyone on this great forum.
I was debating a '10 528 w/ ZMP (see "Am I a poser..." thread) and now looking at CPO '08 550 sport in the same price range.

Is this a good deal?

'08 BMW 550i CPO
11k miles
Carbon Black / Black Dakota
Step
CWP
ZSP
Ipod/USB
Nav
Logic 7

Asking Price: $53,000
Dealer offer: $49,000 (excludes tax/title)

This seems "fair" according to kbb, nada, edmunds but black book / manheim values (excluding recondition and CPO markup) appear to be in the high 30's - low $40's range. What's a good price to offer that is fair to both sides? It's also worth mentioning that the car is a lease return vs. auction purchase and is not on the lot yet...dealer has not incurred any marketing costs.

 

I would consider that a good deal!

 

i got my 08 535 with 14K miles on it in december for 47K, without Nav and logic 7. i think it sounds good. i would try to work it down a little more, why not? i would also get an "out the door price"

 

I don't know...You can get a pretty sick cpo m5 for almost that price!

 

that is true. i have seen 06 M5s in the mid 40's

 

The 550 above not just a lousy CPO it probably has 3 years of new car warranty and free maintenance. It is a big, big difference.

 

Yes, CPO coverage through 2013 and Maintenance through 2011.