Advice on 2007 550i
#1
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Well, I saw a 2007 550i in the area with 71,000 miles on it for $24,000.
Has navigation, step, cold weather, sport, premium, logic7, loaded to the hilt. Also has maintenance plan until 2012 or 100k.
I owe $18k on my 2004 530i that has 69,000 miles with none of the above options except premium and cold weather. (KBB trade-in value is at $19k)
In other words:
current car: $18,000
trade in: $19,000
550 asking: $24,000
$2,000 down
--------------------------------
$22k financed + tax / title / etc.
You guys think its a good idea to get this car? I'm guessing it might be.
Has navigation, step, cold weather, sport, premium, logic7, loaded to the hilt. Also has maintenance plan until 2012 or 100k.
I owe $18k on my 2004 530i that has 69,000 miles with none of the above options except premium and cold weather. (KBB trade-in value is at $19k)
In other words:
current car: $18,000
trade in: $19,000
550 asking: $24,000
$2,000 down
--------------------------------
$22k financed + tax / title / etc.
You guys think its a good idea to get this car? I'm guessing it might be.
#2
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My Ride: '06 550, Sport/Navi/etceteraetcetera
Originally Posted by Howitzer' post='954778' date='Jul 26 2009, 04:29 PM
Well, I saw a 2007 550i in the area with 71,000 miles on it for $24,000.
Has navigation, step, cold weather, sport, premium, logic7, loaded to the hilt. Also has maintenance plan until 2012 or 100k.
I owe $18k on my 2004 530i that has 69,000 miles with none of the above options except premium and cold weather. (KBB trade-in value is at $19k)
In other words:
current car: $18,000
trade in: $19,000
550 asking: $24,000
$2,000 down
--------------------------------
$22k financed + tax / title / etc.
You guys think its a good idea to get this car? I'm guessing it might be.
Has navigation, step, cold weather, sport, premium, logic7, loaded to the hilt. Also has maintenance plan until 2012 or 100k.
I owe $18k on my 2004 530i that has 69,000 miles with none of the above options except premium and cold weather. (KBB trade-in value is at $19k)
In other words:
current car: $18,000
trade in: $19,000
550 asking: $24,000
$2,000 down
--------------------------------
$22k financed + tax / title / etc.
You guys think its a good idea to get this car? I'm guessing it might be.
#3
Is that not very high mileage? How many miles a year do you do?
If it's more than 6/7k a year, I wouldn't bother, as it's going to be worth pennies (cents) when you try to sell it on with over 100k on the clock.
If it's more than 6/7k a year, I wouldn't bother, as it's going to be worth pennies (cents) when you try to sell it on with over 100k on the clock.
#4
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Carfax: http://www.carfax.com/VehicleHistory/p/Rep...p;partner=DLR_3
Shows 2 previous owners and 2 accidents. eeekk!
Shows 2 previous owners and 2 accidents. eeekk!
#5
Originally Posted by Howitzer' post='954789' date='Jul 26 2009, 08:41 PM
Carfax: http://www.carfax.com/VehicleHistory/p/Rep...p;partner=DLR_3
Shows 2 previous owners and 2 accidents. eeekk!
Shows 2 previous owners and 2 accidents. eeekk!
That report is great, wish we had something like that over here.
We can only "HPI" www.hpi.co.uk which confirms the car is clear of finance, and not stolen etc, but the detail you get there is fantasic.
#6
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Originally Posted by Howitzer' post='954789' date='Jul 26 2009, 03:41 PM
Carfax: http://www.carfax.com/VehicleHistory/p/Rep...p;partner=DLR_3
Shows 2 previous owners and 2 accidents. eeekk!
Shows 2 previous owners and 2 accidents. eeekk!
Another option you may want to consider would be to find a nice E39 M5 for the same $24,000. There are lot's of well-kept ones around with 60,000 miles or so and priced at about $25,000. Nothing like driving an M!
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