[radelow]

I am looking at a 2008 M5 at a dealership locally. The car is gray, SMG, 32xxx miles. CPO and Maintenance Package until 100k miles. Car has most options (ventilated seats, HUD, multi-function seats, etc.). What would be a reasonable price to offer the dealership? I think they want around $55k.

MARK

 

[austinbimmer]

bought mine yesterday here in Austin for $56k+ttl. 2008 smg silverstone 22.5K miles cpo. Don't know what kind of deal I got for sure. Just a reference point for you.

WM

 

[radelow]

Thanks for that. It is a good reference point!

 

[austinbimmer]

also had a 98 m3/4 by the way. loved that car!

 

[Michael_s]

I bought my 2007 with similar mileage two weeks shy of a year ago for 48K (BMW made the first 2 payments) with CPO and Maintenance with the same mileage. I would say anything under 50K would be good if you can get it. If not, do what you have to do.

Make sure you review the service history and get the car inspected by an independant third party. CPO does not mean no accidents or paintwork. This is the better question to ask IMO as the history will determine what the car is worth. Carfax and Autocheck and CPO does not eliminate the need for a through inspection.

 

[radelow]

also had a 98 m3/4 by the way. loved that car!

I absolutely loved that car. Had a supercharger on it even...One of the few cars I really regret selling...

 

[radelow]

I bought my 2007 with similar mileage two weeks shy of a year ago for 48K (BMW made the first 2 payments) with CPO and Maintenance with the same mileage. I would say anything under 50K would be good if you can get it. If not, do what you have to do.

Make sure you review the service history and get the car inspected by an independant third party. CPO does not mean no accidents or paintwork. This is the better question to ask IMO as the history will determine what the car is worth. Carfax and Autocheck and CPO does not eliminate the need for a through inspection.

Thanks Michael. I appreciate the info. I will definitely have that done. Here is the service history as provided by the dealership.

<table align="left" border="0" cellpadding="0" cellspacing="0" width="760"><tbody><tr><td bgcolor="#ffffff" valign="top">24856
</td> <td bgcolor="#ffffff" valign="top"> 01
</td> <td bgcolor="#ffffff" valign="top"> 749410
</td> <td bgcolor="#ffffff" valign="top"> 245230
</td> <td bgcolor="#ffffff" valign="top"> 10/07/2010
</td> <td bgcolor="#ffffff" valign="top"> 10/07/2010
</td> <td align="right" bgcolor="#ffffff" valign="top"> 1
</td> <td align="right" bgcolor="#ffffff" valign="top"> 32,064
</td> <td bgcolor="#ffffff" valign="top">
</td> <td bgcolor="#ffffff" valign="top"> <table border="0" cellpadding="0" cellspacing="0" width="374"> <tbody> <tr> <td bgcolor="#ffffff" valign="top" width="70"> 6131581400
</td> <td bgcolor="#ffffff" valign="top" width="374"> Seat memory switch/control operating unit for auxiliary seat functions occasional malfunction
</td></tr></tbody></table>
</td> <td bgcolor="#ffffff">
</td></tr> <tr> <td bgcolor="#ffffff" height="1"><img alt="" border="0" width="14" height="1"></td> <td bgcolor="#999999"><img alt="" border="0" width="1" height="22"></td> <td bgcolor="#e6e6e6"><img alt="" border="0" width="7" height="22"></td> <td bgcolor="#e6e6e6" valign="top"> 24856
</td> <td bgcolor="#e6e6e6" valign="top"> 01
</td> <td bgcolor="#e6e6e6" valign="top"> 744950
</td> <td bgcolor="#e6e6e6" valign="top"> 244054
</td> <td bgcolor="#e6e6e6" valign="top"> 09/20/2010
</td> <td bgcolor="#e6e6e6" valign="top"> 09/21/2010
</td> <td align="right" bgcolor="#e6e6e6" valign="top"> 7
</td> <td align="right" bgcolor="#e6e6e6" valign="top"> 32,000
</td> <td bgcolor="#e6e6e6" valign="top">
</td> <td bgcolor="#e6e6e6" valign="top"> <table border="0" cellpadding="0" cellspacing="0" width="374"> <tbody> <tr> <td bgcolor="#e6e6e6" valign="top" width="70"> 6583000200
</td> <td bgcolor="#e6e6e6" valign="top" width="374"> Navigation CCC (Car Communication Computer) Navi Professional, failure Software error / internal dev
</td></tr></tbody></table>
</td> <td bgcolor="#e6e6e6">
</td></tr> <tr> <td bgcolor="#ffffff" height="1"><img alt="" border="0" width="14" height="1"></td> <td bgcolor="#999999"><img alt="" border="0" width="1" height="22"></td> <td bgcolor="#ffffff"><img alt="" border="0" width="7" height="22"></td> <td bgcolor="#ffffff" valign="top"> 04355
</td> <td bgcolor="#ffffff" valign="top"> 01
</td> <td bgcolor="#ffffff" valign="top"> 208261
</td> <td bgcolor="#ffffff" valign="top"> 108799
</td> <td bgcolor="#ffffff" valign="top"> 02/19/2010
</td> <td bgcolor="#ffffff" valign="top"> 03/23/2010
</td> <td align="right" bgcolor="#ffffff" valign="top"> 0
</td> <td align="right" bgcolor="#ffffff" valign="top"> 24,030
</td> <td bgcolor="#ffffff" valign="top">
</td> <td bgcolor="#ffffff" valign="top"> <table border="0" cellpadding="0" cellspacing="0" width="374"> <tbody> <tr> <td bgcolor="#ffffff" valign="top" width="70"> 6112550200
</td> <td bgcolor="#ffffff" valign="top" width="374"> Bracket steering column switch (coil spring cartridge/ctrl unit steering column switch cluster SZL)
</td></tr></tbody></table>
</td> <td bgcolor="#ffffff">
</td></tr> <tr> <td bgcolor="#ffffff" height="1"><img alt="" border="0" width="14" height="1"></td> <td bgcolor="#999999"><img alt="" border="0" width="1" height="22"></td> <td bgcolor="#e6e6e6"><img alt="" border="0" width="7" height="22"></td> <td bgcolor="#e6e6e6" valign="top"> 04355
</td> <td bgcolor="#e6e6e6" valign="top"> 01
</td> <td bgcolor="#e6e6e6" valign="top"> 208260
</td> <td bgcolor="#e6e6e6" valign="top"> 108799
</td> <td bgcolor="#e6e6e6" valign="top"> 02/19/2010
</td> <td bgcolor="#e6e6e6" valign="top"> 03/02/2010
</td> <td align="right" bgcolor="#e6e6e6" valign="top"> 0
</td> <td align="right" bgcolor="#e6e6e6" valign="top"> 24,030
</td> <td bgcolor="#e6e6e6" valign="top">
</td> <td bgcolor="#e6e6e6" valign="top"> <table border="0" cellpadding="0" cellspacing="0" width="374"> <tbody> <tr> <td bgcolor="#e6e6e6" valign="top" width="70"> 6112550200
</td> <td bgcolor="#e6e6e6" valign="top" width="374"> Bracket steering column switch (coil spring cartridge/ctrl unit steering column switch cluster SZL)
</td></tr></tbody></table>
</td> <td bgcolor="#e6e6e6">
</td></tr> <tr> <td bgcolor="#ffffff" height="1"><img alt="" border="0" width="14" height="1"></td> <td bgcolor="#999999"><img alt="" border="0" width="1" height="22"></td> <td bgcolor="#ffffff"><img alt="" border="0" width="7" height="22"></td> <td bgcolor="#ffffff" valign="top"> 04355
</td> <td bgcolor="#ffffff" valign="top"> 01
</td> <td bgcolor="#ffffff" valign="top"> 203470
</td> <td bgcolor="#ffffff" valign="top"> 107648
</td> <td bgcolor="#ffffff" valign="top"> 02/12/2010
</td> <td bgcolor="#ffffff" valign="top"> 03/04/2010
</td> <td align="right" bgcolor="#ffffff" valign="top"> 0
</td> <td align="right" bgcolor="#ffffff" valign="top"> 24,028
</td> <td bgcolor="#ffffff" valign="top">
</td> <td bgcolor="#ffffff" valign="top"> <table border="0" cellpadding="0" cellspacing="0" width="374"> <tbody> <tr> <td bgcolor="#ffffff" valign="top" width="70"> 32340168WR
</td> <td bgcolor="#ffffff" valign="top" width="374"> Airbag unit, steering wheel Peels off / detaches itself
</td></tr></tbody></table>
</td> <td bgcolor="#ffffff">
</td></tr> <tr> <td bgcolor="#ffffff" height="1"><img alt="" border="0" width="14" height="1"></td> <td bgcolor="#999999"><img alt="" border="0" width="1" height="22"></td> <td bgcolor="#e6e6e6"><img alt="" border="0" width="7" height="22"></td> <td bgcolor="#e6e6e6" valign="top"> 04355
</td> <td bgcolor="#e6e6e6" valign="top"> 01
</td> <td bgcolor="#e6e6e6" valign="top"> 203460
</td> <td bgcolor="#e6e6e6" valign="top"> 107648
</td> <td bgcolor="#e6e6e6" valign="top"> 02/12/2010
</td> <td bgcolor="#e6e6e6" valign="top"> 02/19/2010
</td> <td align="right" bgcolor="#e6e6e6" valign="top"> 0
</td> <td align="right" bgcolor="#e6e6e6" valign="top"> 24,028
</td> <td bgcolor="#e6e6e6" valign="top">
</td> <td bgcolor="#e6e6e6" valign="top"> <table border="0" cellpadding="0" cellspacing="0" width="374"> <tbody> <tr> <td bgcolor="#e6e6e6" valign="top" width="70"> 51311237WR
</td> <td bgcolor="#e6e6e6" valign="top" width="374"> LOOSE
</td></tr></tbody></table>
</td> <td bgcolor="#e6e6e6">
</td></tr> <tr> <td bgcolor="#ffffff" height="1"><img alt="" border="0" width="14" height="1"></td> <td bgcolor="#999999"><img alt="" border="0" width="1" height="22"></td> <td bgcolor="#ffffff"><img alt="" border="0" width="7" height="22"></td> <td bgcolor="#ffffff" valign="top"> 04355
</td> <td bgcolor="#ffffff" valign="top"> 01
</td> <td bgcolor="#ffffff" valign="top"> 203450
</td> <td bgcolor="#ffffff" valign="top"> 107648
</td> <td bgcolor="#ffffff" valign="top"> 02/12/2010
</td> <td bgcolor="#ffffff" valign="top"> 02/19/2010
</td> <td align="right" bgcolor="#ffffff" valign="top"> 0
</td> <td align="right" bgcolor="#ffffff" valign="top"> 24,028
</td> <td bgcolor="#ffffff" valign="top">
</td> <td bgcolor="#ffffff" valign="top"> <table border="0" cellpadding="0" cellspacing="0" width="374"> <tbody> <tr> <td bgcolor="#ffffff" valign="top" width="70"> 6133007900
</td> <td bgcolor="#ffffff" valign="top" width="374"> Horn incorrect connection /contact
</td></tr></tbody></table>
</td> <td bgcolor="#ffffff">
</td></tr> <tr> <td bgcolor="#ffffff" height="1"><img alt="" border="0" width="14" height="1"></td> <td bgcolor="#999999"><img alt="" border="0" width="1" height="22"></td> <td bgcolor="#e6e6e6"><img alt="" border="0" width="7" height="22"></td> <td bgcolor="#e6e6e6" valign="top"> 04355
</td> <td bgcolor="#e6e6e6" valign="top"> 01
</td> <td bgcolor="#e6e6e6" valign="top"> 154180
</td> <td bgcolor="#e6e6e6" valign="top"> 101443
</td> <td bgcolor="#e6e6e6" valign="top"> 11/02/2009
</td> <td bgcolor="#e6e6e6" valign="top"> 11/03/2009
</td> <td align="right" bgcolor="#e6e6e6" valign="top"> 0
</td> <td align="right" bgcolor="#e6e6e6" valign="top"> 19,914
</td> <td bgcolor="#e6e6e6" valign="top">
</td> <td bgcolor="#e6e6e6" valign="top"> <table border="0" cellpadding="0" cellspacing="0" width="374"> <tbody> <tr> <td bgcolor="#e6e6e6" valign="top" width="70"> 85990091MP
</td> <td bgcolor="#e6e6e6" valign="top" width="374"> OIL SERVICE(MP)AFTER THE 1ST
</td></tr> <tr> <td bgcolor="#e6e6e6" valign="top" width="70"> 85990501MP
</td> <td bgcolor="#e6e6e6" valign="top" width="374"> STANDARD OPERATION MP
</td></tr></tbody></table>
</td> <td bgcolor="#e6e6e6">
</td></tr> <tr> <td bgcolor="#ffffff" height="1"><img alt="" border="0" width="14" height="1"></td> <td bgcolor="#999999"><img alt="" border="0" width="1" height="22"></td> <td bgcolor="#ffffff"><img alt="" border="0" width="7" height="22"></td> <td bgcolor="#ffffff" valign="top"> 04355
</td> <td bgcolor="#ffffff" valign="top"> 01
</td> <td bgcolor="#ffffff" valign="top"> 117240
</td> <td bgcolor="#ffffff" valign="top"> 96540
</td> <td bgcolor="#ffffff" valign="top"> 08/20/2009
</td> <td bgcolor="#ffffff" valign="top"> 08/21/2009
</td> <td align="right" bgcolor="#ffffff" valign="top"> 0
</td> <td align="right" bgcolor="#ffffff" valign="top"> 17,906
</td> <td bgcolor="#ffffff" valign="top">
</td> <td bgcolor="#ffffff" valign="top"> <table border="0" cellpadding="0" cellspacing="0" width="374"> <tbody> <tr> <td bgcolor="#ffffff" valign="top" width="70"> 34000077MP
</td> <td bgcolor="#ffffff" valign="top" width="374"> BRAKE FLUID CHANGE- FULL MAINTENANCE PROGRAM
</td></tr> <tr> <td bgcolor="#ffffff" valign="top" width="70"> 85990501MP
</td> <td bgcolor="#ffffff" valign="top" width="374"> STANDARD OPERATION MP
</td></tr></tbody></table>
</td> <td bgcolor="#ffffff">
</td></tr> <tr> <td bgcolor="#ffffff" height="1"><img alt="" border="0" width="14" height="1"></td> <td bgcolor="#999999"><img alt="" border="0" width="1" height="22"></td> <td bgcolor="#e6e6e6"><img alt="" border="0" width="7" height="22"></td> <td bgcolor="#e6e6e6" valign="top"> 04355
</td> <td bgcolor="#e6e6e6" valign="top"> 01
</td> <td bgcolor="#e6e6e6" valign="top"> 989600
</td> <td bgcolor="#e6e6e6" valign="top"> 78778
</td> <td bgcolor="#e6e6e6" valign="top"> 11/20/2008
</td> <td bgcolor="#e6e6e6" valign="top"> 12/03/2008
</td> <td align="right" bgcolor="#e6e6e6" valign="top"> 0
</td> <td align="right" bgcolor="#e6e6e6" valign="top"> 5,758
</td> <td bgcolor="#e6e6e6" valign="top">
</td> <td bgcolor="#e6e6e6" valign="top"> <table border="0" cellpadding="0" cellspacing="0" width="374"> <tbody> <tr> <td bgcolor="#e6e6e6" valign="top" width="70"> 85990088MP
</td> <td bgcolor="#e6e6e6" valign="top" width="374"> 1200 MI SERV -M5,Z8,S54B32 M3
</td></tr> <tr> <td bgcolor="#e6e6e6" valign="top" width="70"> 85990501MP
</td> <td bgcolor="#e6e6e6" valign="top" width="374"> STANDARD OPERATION MP
</td></tr></tbody></table>
</td> <td bgcolor="#e6e6e6">
</td></tr></tbody></table>

 

[Michael_s]

Service history looks ok. What's the deal with the Navigation error? Was the CCC (computer brain) replaced? Electronics such as this are NOT covered under CPO and are a
common issue with these cars.

 

[radelow]

I have an email into them about that. I have heard that is an issue. Hopefully it was replaced. I believe it IS covered under the main warranty?

 

[Ray J]

I would offer 49 see what they say.
Congrats Austinbimmer, I think I saw that car posted nice one.

 

[ALPINE_M5]

Offer them 48K. They can make 1K on it and move it. If they do not then I know of a 2008 Sapphire Black/CPO 99K MSRP. Brown Interior - Brand new Michelins, 39K car in the 48K price range. It is mint.
A very nice combo Black/Brown interior. Doctor owned previously and went back to the same dealership. It is located in FL. There are many out there now in the 50K range. I would not give them 55K even with CPO. I would buy a low mileage non CPO and get your own warranty that is better than theirs.

There are many to be had right now. Take your time.
Just an idea

 

[M3toM5]

Hi, I purchased a 2008 m5 with 15100 miles alphine white with full merino leather most things except for HUD, ventilated seats, yes CPO for $54k just last month in CA where used cars are typically higher. The car was mint except for surface scratch on passenger door handle

 

[M3toM5]

Hi, I purchased a 2008 m5 with 15100 miles alphine white with full merino leather most things except for HUD, ventilated seats, yes CPO for $54k just last month in CA where used cars are typically higher. The car was mint except for surface scratch on passenger door handle

And on top of it I took advantage of BMW $1500credit offer

 

[radelow]

And on top of it I took advantage of BMW $1500credit offer

Ok that is a great data point. What were they asking? Did you haggle a bunch? Were they flexible?

Right now the dealership is at $53,850 and are unwilling to come down on the price. We basically have reached an impass as I am not willing to come up that much unless you guys think I am crazy but I don't think so. I just don't NEED the car today so I am willing to wait and come back when we have a few days left before the New Year...

 

[What's Next?]

A buddy of mine just picked one up in Cali with 22k miles, cpo, clean car, loaded for $52k.

 

[sanchezdds]

$53,000 for a low mileage 08 is about right. A fair price for both parties.

 

[Clyde]

What would be a reasonable price to offer the dealership? I think they want around $55k.

Don't offer anything. Tell the dealer you want a better price and see what they offer you.

 

[radelow]

I BOUGHT A CAR!!!!

Picked up a 2008 M5 Space-Gray with 22,000 miles, CPO warranty, and has the following options (which I believe is everything):

-Rear Side Impact Bags
-Comfort Access
-Soft Close Doors
-Multi-Function Seats
-Rear Sunshades
-Ventilated Seats
-Full Leather
-Fold Down Rear Seats
-Heated Rear Seats
-IPOD & USB Adapter
-Heads Up Display
-HD Radio
-Sirus Radio
-Dirac Radio

I believe that is EVERY option.... Paid $49,000. WOO HOO!!! Photos soon!

 

[Dntlvet]

I BOUGHT A CAR!!!!

Picked up a 2008 M5 Space-Gray with 22,000 miles, CPO warranty, and has the following options (which I believe is everything):

-Rear Side Impact Bags
-Comfort Access
-Soft Close Doors
-Multi-Function Seats
-Rear Sunshades
-Ventilated Seats
-Full Leather
-Fold Down Rear Seats
-Heated Rear Seats
-IPOD & USB Adapter
-Heads Up Display
-HD Radio
-Sirus Radio
-Dirac Radio

I believe that is EVERY option.... Paid $49,000. WOO HOO!!! Photos soon!

Fantastic deal!!!!
Congrats.
Very Helpful to others looking around.

 

[What's Next?]

I BOUGHT A CAR!!!!

Picked up a 2008 M5 Space-Gray with 22,000 miles, CPO warranty, and has the following options (which I believe is everything):

-Rear Side Impact Bags
-Comfort Access
-Soft Close Doors
-Multi-Function Seats
-Rear Sunshades
-Ventilated Seats
-Full Leather
-Fold Down Rear Seats
-Heated Rear Seats
-IPOD & USB Adapter
-Heads Up Display
-HD Radio
-Sirus Radio
-Dirac Radio

I believe that is EVERY option.... Paid $49,000. WOO HOO!!! Photos soon!

Thats a great deal!!!! Post up some pictures!! Congrats!