Is this a good deal?
Thread Starter
Members
Joined: Sep 2011
Posts: 45
Likes: 0
From: New York, NY
My Ride: 550i
Model Year: 2010
I was able to negotiate a 2008 BMW 550i for $31,500 so I'm wondering from everyone on this board if this is a good deal or not.
Color: Plat. Gray/ Black Leather (really wanted space gray but I guess I can't be too picky)
Mileage: 44k Miles
Sports Package with Paddle Shifters
Comfort Access
Cold Weather
Nav w/ Real Time Traffic
Xenon
Still has manufacture warranty and maintenance plan till 4/2012 or 50k miles and has CPO till 4/2014 or 100k miles. The warranty is what sold me but wanted to ask the pros on the board if it's a decent buy.
Thanks
Color: Plat. Gray/ Black Leather (really wanted space gray but I guess I can't be too picky)
Mileage: 44k Miles
Sports Package with Paddle Shifters
Comfort Access
Cold Weather
Nav w/ Real Time Traffic
Xenon
Still has manufacture warranty and maintenance plan till 4/2012 or 50k miles and has CPO till 4/2014 or 100k miles. The warranty is what sold me but wanted to ask the pros on the board if it's a decent buy.
Thanks
Contributors
Joined: Oct 2007
Posts: 11,084
Likes: 0
From: Thousand Oaks, California
My Ride: 2008 550i Jet Black on Black Leather, SAT with Paddles, Logic 7, Comfort Seats, NAV, Sport Package, PDC, Xenons, Sirius, Trinity 12W LED Angel Eyes, RPi GT Exhaust, M rear spoiler, ACS Roof Spoiler, Tinted Tail Lights, Bimmian Carbon Fiber Pillar Trim, Bimmian Shadow 550i emblem, RPi Scoop, E60 Forum Cling, Mtec bulbs in fog lights, Mtec 2W LED for License Plate Light Bulbs, K&N Filter, Bimmian LED Smoked Side Markers, Blackout roundels, Carbon Fiber Kidney Grills.
Retired Rides - 1989 325i convertible, 1995 M3, 2002 X5, 2005 545i, 2008 X5 (Lemon)
Sometimes, "Too good to be True" Isn't!! 
Sounds like a great car! 
Sounds like a great car!
Contributors
Joined: Jul 2009
Posts: 804
Likes: 0
From: Harrisburg, PA area
My Ride: SOLD...Jet Black 2008 550i M Sport with SAT, black interior. RPI exhaust and air scoop, 35% huper optik tint all around, CF roundels, flat black kidneys, Springfield Armory XD-40 jet black in glove box, charcoal filter removed.
sounds fishy to me. why would someone sell for that low. blows my mind. they are obviously giving this car away and it doesn't make any sense. something doesn't add up.
Thread Starter
Members
Joined: Sep 2011
Posts: 45
Likes: 0
From: New York, NY
My Ride: 550i
Model Year: 2010
Any advise on what else to look for or have checked?
A part of me feels that my worse case if something comes up that I missed I can just bring it to a dealer since I still have the original warranty still active. Right?
Senior Members
Joined: Sep 2010
Posts: 903
Likes: 0
From: SoCal
My Ride: 07 530i Mystic Blue
I would ask for the carfax report and also the full maintenance history record from BMW. Is this a one owner vehicle?
Since you'll still have factory warranty for another 6k miles/6 months, I think you'd be ok if you were to purchase it. Further, it is CPO'd. Similar 2008 550i CPOs with the mileage/options above sells for ~$36k+ here in Southern California.
It would be a great buy. If I was in the market now, I'd jump on it before someone else does at that price.
Since you'll still have factory warranty for another 6k miles/6 months, I think you'd be ok if you were to purchase it. Further, it is CPO'd. Similar 2008 550i CPOs with the mileage/options above sells for ~$36k+ here in Southern California.
It would be a great buy. If I was in the market now, I'd jump on it before someone else does at that price.
