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Finally buying: Help me choose: New 06 530i vs CPO 06 530i
Hi all. Well, I have finally made the decision, I am getting a 2006 530i. Yes, I know the 07 is around the corner, but my price is $500 over invoice, which I believe is very good.  (Please tell if it is not a good price, before I part with the money) I do have a choice of two cars, the dealer is awaiting my choice: Here are the facts: New 2006 530i Silver Grey, Black Interior Automatic Sport Package Premium Package Navigation Pricing is as follows Invoice $42770 Destination 695 Automatic 1210 Sport 2095 Premium 1710 Navigation 1640 Price over Invoice 500 Total $50620 Tax at 7.97% 4034 License/Fees 490 OUT THE DOOR $55144 2006 CPO 530i, Black Sapphire, Black Interior Options are as follows: Automatic Sport Premium Navigation HUD Cold Weather Package OUT THE DOOR PRICE is $51,000 I like both colors, so no problems there. I just need advice and or opinions as to which one you people would get if you were buying and why? It really does help me to make a good decision, when I am able to hear the opinions of others. I take everything in, analyze it, then decide. Thanks to a GREAT Forum!  | | Reply » Finally buying: Help me choose: New 06 530i vs CPO 06 530i |
I forgot to put the mileage of the CPO 2006, It has 13,000 miles, with a July 05 Build Date.
| | Reply » Finally buying: Help me choose: New 06 530i vs CPO 06 530i |
I'd buy new. After working at a car dealership in college, I'd probably never buy a used car again. Not that there aren't any good used cars, but I feel buying a used car is a gamble. I would pay the $4000.00 premium for the new car in a heartbeat. Look at it this way, in only 7000 miles, your CPO will have 20,000 miles on it, whereas your nice new car won't even have hit 5 digits.
If you want, give me the VIN on the CPO. I'll look up the car on CarFax and maybe that will ease your mind.
| | Reply » Finally buying: Help me choose: New 06 530i vs CPO 06 530i |
Quote: | I forgot to put the mileage of the CPO 2006, It has 13,000 miles, with a July 05 Build Date. | 13k miles in approximately 6 months seems like a lot. Did you ask anything about the previous owner or why they got rid of the car? I know it's a CPO, which would ease my mind quite a bit, but I think I'd go new for a $4k difference if the money isn't a major issue. Good luck.
| | Reply » Finally buying: Help me choose: New 06 530i vs CPO 06 530i |
Quote: | 13k miles in approximately 6 months seems like a lot. Did you ask anything about the previous owner or why they got rid of the car? I know it's a CPO, which would ease my mind quite a bit, but I think I'd go new for a $4k difference if the money isn't a major issue. Good luck. | You make a very valid point. I will ask those questions. I too have been wondering more and more, since 13,000 miles is a lot for a July 05 build. Maybe, I will get the new 06? What do you or any other posters think of the deal on the New 06? Also, do you think I am making a mistake by buying a 06 now, when the 07 is around the corner?
Thank you.
| | Reply » Finally buying: Help me choose: New 06 530i vs CPO 06 530i |
An important point: How long are you going to keep the car? If it is going to be past the 4 year, 50,000 mile warranty, then you have to factor in the value of the CPO warranty that goes to 7 year, 100,000 miles. That is worth $1,000 to $1,500.
Are you a BMW CCA member over a year? A new purchase gets you a $1,000 refund where a CPO only gets you a $500 refund.
So if you are planning on selling the E60 before the 4 year 50,000 mile warranty ends, there is no extra value for the CPO and your difference in price may only be $3,500 if you are going to be able to receive a BMW CCA refund.
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Finally buying: Help me choose: New 06 530i vs CPO 06 530i