vanos

Spotted a 2008 535xiT for sale at a local BMW dealer, car still under warranty with CPO, 66K km (not much), black with all bells & whistles, asking price is $32.8K ($10K less than market price). For a split second I tell myself, maybe I should go see him and trade-in my 2007 530xiT for this one. I call the dealer and first thing I ask is why is the car so cheap, seller also finds it strange and puts me on hold. He gets back to me and reconfirms the asking price and mentions the car was rear ended, extensive body damage (in excess of $10K, repair done at the same BMW dealer). I politely hang up, the price was too good to be true. Too bad...

Limey-

Surprized its "CPO'd" at a BMW dealer after a heavy rear end collision.

Lotus99

Interesting you say that it's $10k below market. I wasn't looking at 2008's a few months ago when I got mine, but I doubt they'd go for $43k at this point. The MSRP in Canada for these cars was $75k, and there weren't a lot of options you could add, so that price would be almost 60% of the MSRP, which only allows for 10% a year in depreciation. I'd think these cars would depreciate more than that.

Canadian Black Book - while it doesn't give you room for adding options for this car, so may be a bit low - nonetheless, says:

Based on the kilometers you have entered, your vehicle would fall above the Average Trade-In price shown.
Vehicle : 2008 BMW 5 Series 535xi 4D Wagon AWD
Options :
Average Trade-In ? : $29,200
Average Retail : $32,900
? Less reconditioning costs

vanos

^^ I don't know how accurate the black book is. I was basing myself on the BMW Canada website for CPO cars, the 2008 all seem to have price tags above $40K +.

Lotus99

Here's a 2008 wagon with only 52k on it, not CPO though, and for only $33k!

http://www.autotrader.ca/a/BMW/535i%...0130114733711/

vanos

^^ That is a great price...but I don't like the color combo.

Lotus99

For that price, paint it! LOL! I will never personally buy light grey / cream seats though...