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530i vs 550i

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Old 08-23-2006, 04:51 PM
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I would give you the advice that someone told me when I was going to buy my house and I didn't listen:

"Buy the best that you can afford."

And now I am looking to buy another house and prices here in Toronto keep going up.

Bottom line, if you can afford the 550 get it, but if it is a financial burden in any way get the cheaper car.

We buy these vehicles as luxury items, but we also value them as necessary transportation.

I think that if you got the 530i you would have a very great car, but once in a while you would wonder what it would be like to have that extra power and luxury and the 550 badge on the grill.

(Or you could make the ultimate commitment and get an M5).

I am in a similar profession to you. You are going to be leasing and it will be a tax write-off.

So, to summarize, I say, "Buy the best you can afford."
Old 08-23-2006, 04:52 PM
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In the 18 months I've spent on this board I've learned that we're very good at spending other people's money
Old 08-23-2006, 04:53 PM
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Originally Posted by jiio' post='325991' date='Aug 23 2006, 08:50 PM
Gas isn't an issue if the 550 isn't your daily driver.
But why would you want to drive anything else??? I love my car.. gas issues and all!
Old 08-23-2006, 04:54 PM
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Originally Posted by jasonrhcastle' post='325989' date='Aug 23 2006, 05:49 PM
I am the same way..I think the difference in price is worth it. I am going tomorrow to make the final deal. I think I can get the 550i for a little more. I have some negative equity from my POS Grand Cherokee (2005, had it 20 months), but it shouldn't effect it too much. Any tips for negotiating here...I already have the invoice price from Edmunds.com printed. I love these cars. Really, really awesome rides....
No matter how much time you put into the negotiations, be ready to walk if you don't get the price you want. Please update your profile so that we know where to point you in the right direction if the negotiations fall through.
Old 08-23-2006, 04:56 PM
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Originally Posted by octee' post='325988
I am the same way..I think the difference in price is worth it. I am going tomorrow to make the final deal. I think I can get the 550i for a little more. I have some negative equity from my POS Grand Cherokee (2005, had it 20 months), but it shouldn't effect it too much. Any tips for negotiating here...I already have the invoice price from Edmunds.com printed. I love these cars. Really, really awesome rides....
I don't pay more than $750 over dealer invoice--hopefully no more than $500 over--on a cash equivalent basis. I would tell the SA that you want to bargain up front for the things that will be pushed at you when you get to the finance department. You still could bargain once you get to finance, but, at that point, you have lost some of your leverage. And, as jiio says, you never want to want a car so badly that you won't walk and look elsewhere. After all, you can always come back if necessary.
Old 08-23-2006, 04:56 PM
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Originally Posted by swajames' post='325993' date='Aug 23 2006, 05:52 PM
In the 18 months I've spent on this board I've learned that we're very good at spending other people's money
Truer words were never said!
Old 08-23-2006, 04:57 PM
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Originally Posted by Znod' post='325996' date='Aug 23 2006, 08:56 PM
Gas is part of the price the way I look at it, although he didn't factor it into his price difference.
True, although most people probably don't factor that in to the total ownership experience.
Old 08-23-2006, 04:59 PM
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Originally Posted by KenTO' post='325992' date='Aug 23 2006, 07:51 PM
I would give you the advice that someone told me when I was going to buy my house and I didn't listen:

"Buy the best that you can afford."

And now I am looking to buy another house and prices here in Toronto keep going up.

Bottom line, if you can afford the 550 get it, but if it is a financial burden in any way get the cheaper car.

We buy these vehicles as luxury items, but we also value them as necessary transportation.

I think that if you got the 530i you would have a very great car, but once in a while you would wonder what it would be like to have that extra power and luxury and the 550 badge on the grill.

(Or you could make the ultimate commitment and get an M5).

I am in a similar profession to you. You are going to be leasing and it will be a tax write-off.

So, to summarize, I say, "Buy the best you can afford."
Screw that. Sell a kidney and buy an fully loaded M5!
Old 08-23-2006, 05:04 PM
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Originally Posted by MikeBuzzsaw' post='326000' date='Aug 23 2006, 05:59 PM
Screw that. Sell a kidney and buy an fully loaded M5!
You would be surprised how reasonable a M5 can be had. Trust me, I know. Just looked into it last night.

EDIT: Okay, you said fully-loaded. I priced one out to about $82K and not MSRP.
Old 08-23-2006, 05:05 PM
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New one? New one's can be had for MSRP in Phoenix.


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