Just Bought 545 - Huge Mistake?
Senior Members
Joined: Nov 2008
Posts: 480
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From: Great Falls, MT.
My Ride: It's an E60 545I 6 speed.
Contributors
Joined: Jan 2009
Posts: 928
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From: Bay Area California
My Ride: 2005 BMW 545i Sport Package, Jet Black
M166 OEM Wheels
M5 Style Body kit
RPI Scoop
BMC Air Filter
Valentine One Radar Detector
35% tint all around
Senior Members
Joined: Sep 2009
Posts: 932
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From: West LA
My Ride: 2005 BMW 545i
I get buyer's remorse as well. But remember, this forum pretty much represents 1-3% of the population who drive a 5-series (as I'm sure many owners don't know what an online forum is or that one even exists for the E60). And many people come here to just post and ask questions about problems they are having, big or small. If you had everyone post about how great their car has been, this place would be flooded senseless.
Not to scare you but I bought my car with 70k on the clock and after 2k miles of driving I found that I have a coolant leak. I was quoted by the stealer $400 in repairs. Not that bad and considering you could knock off a good $100-$200 if you took it to an indy. This is one of the common problems and should only come up once in a blue moon. Other than that this car has rarely had any problems in the past (I knew the previous owner). Not too shabby for any car around 70k miles! Also, buy some mods and consider that your rainy day fund
. If you run into a problem, fix your car, sell a mod, and presto!
Not to scare you but I bought my car with 70k on the clock and after 2k miles of driving I found that I have a coolant leak. I was quoted by the stealer $400 in repairs. Not that bad and considering you could knock off a good $100-$200 if you took it to an indy. This is one of the common problems and should only come up once in a blue moon. Other than that this car has rarely had any problems in the past (I knew the previous owner). Not too shabby for any car around 70k miles! Also, buy some mods and consider that your rainy day fund
. If you run into a problem, fix your car, sell a mod, and presto!
Members
Joined: Oct 2007
Posts: 225
Likes: 3
From: Roselle IL
My Ride: 2008 BMW 550i M Sport
I am also interested in this issue. I have my 545 for almost 3 years now. I have not had any big issues until now with an engine. I would buy an extended warranty though. If You can't do much by Yourself, if anything happens to BMW You are anding up with (at least) $500 bill. Trust me even OEM battery for 545 I wa quoted 299+ tax and getting anything else than genuine one might get You a fault codes.
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Joined: Feb 2006
Posts: 14,646
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From: NY
My Ride: 2008 Silverstone II E60 M5 2012 E70 AW X5 50i Sport w/ LCI Aero Kit and Rocker Panels
Thread Starter
Members
Joined: Feb 2010
Posts: 163
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From: SoCal
My Ride: '05 545 Jet Black, Miro 111's, Painted Calipers, Slotted and Drilled Rotors, Ultimate Interior LED Kit, ACS Rear Spoilers (reps), HID 7k Fogs, Black Roundels and Badges, 20% Tint, Mtech V2 Angel Eyes, Ksport Coilovers, M5 Bumpers and Side Skits, ACS Front Lip (rep), and probably more on the way as you read this...
the two year extended warranty is around $2700, which is cheap if there is a major failure, but expensive if I end up with only one issue of $1k or something. maybe there's a company out there that has dirt cheap warranties, but the few i've looked at are all around the same price.
Thread Starter
Members
Joined: Feb 2010
Posts: 163
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From: SoCal
My Ride: '05 545 Jet Black, Miro 111's, Painted Calipers, Slotted and Drilled Rotors, Ultimate Interior LED Kit, ACS Rear Spoilers (reps), HID 7k Fogs, Black Roundels and Badges, 20% Tint, Mtech V2 Angel Eyes, Ksport Coilovers, M5 Bumpers and Side Skits, ACS Front Lip (rep), and probably more on the way as you read this...
Contributors
Joined: Dec 2007
Posts: 8,998
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From: St. Louis Burbs, USA
My Ride: 2007 530i. Purchased 6/28/07. Titanium Silver Metallic, Black Dakota Leather, Dark Poplar Trim, Steptronic, Premium Package, Cold Weather Package, Bluetooth, Adaptive Control Xenons. 10/30/07 Added OEM 124s with 245/40/18 & 275/35/18 Michelin Pilot Sport A/S tires. Installed red Cal Covers� from BavAuto. 11/21/07 Added OEM all-weather floor mats (for winter, carpet in summer) and coat rack. 6/26/08 installed M5-style rear spoiler. 6/30/08 put on red reflectors. 8/22/08 Euro turn signal stickers applied. 3/20/09 Installed Shadowline Trim. 3/27/09 Added Matte Black Kidney Grilles from Trinity. 4/03/09 Installed Bimmian Shadow Matte Black 530i Badges. 4/04/09 Installed LED license plate lights from Trinity. 5/01/09 Installed Brabus Interior LED Kit and White Angel Eyes. 5/02/09 Put in Brabus 6K Fogs. 5/14/09 Removed charcoal filter. 5/15/09 Installed light smoke LED side marker lamps from Trinity. 5/21/09 Sprint Booster. 6/12/09 Painted exhaust tips flat black. 6/13/09 Pulled red Cal Covers and painted calipers low gloss black. 6/27/09 RPI Ram Air Scoop from Trinity. 8/15/09 Installed Brabus's silver invisibulbs front and rear. 9/24/09 Installed R-Dash license plate LEDs from Brabaus (John).
Chill. Enjoy.