Is this a good price for a 520d M-Sport?
Discussion
I've been looking for a replacement for my trusty E-Class and notice that on the BMW AUC locator they seem to have 80+ ex-demo 520d M-Sport Touring business edition cars up and down the country, all very well specced with heated seats, bluetooth, business nav, autobox, bluetooth, folding/dimming mirrors, less than 1 year old, less than 10k miles, and the engine is perfect for my needs despite being the smallest.
They are mostly priced at between £26,995 and £27,995, do these appear to be priced to sell or is there ALWAYS room for negotation, and if so what do you think is reasonable to expect in the current market?
I'm going to view at my local dealer tomorrow, they have 12 of them, so I'm hoping they are looking to offload them and do some deals, and I will of course go in with an offer lower than sticker price, but how low to go?
They are mostly priced at between £26,995 and £27,995, do these appear to be priced to sell or is there ALWAYS room for negotation, and if so what do you think is reasonable to expect in the current market?
I'm going to view at my local dealer tomorrow, they have 12 of them, so I'm hoping they are looking to offload them and do some deals, and I will of course go in with an offer lower than sticker price, but how low to go?
yellowbentines said:
I'll be honest, I haven't looked at prices of the new model, simply because I'd hoped to negotiate the model I'm looking at nearer £25k, which for the spec I think will be thousands cheaper than the equivalent newer model.
It's just way too much cash to throw at a discontinued car thats been around since 2003. If you want a 520d then great, buy one for a lot less.There was a time when £25k was a reasonable amount to spend on an E60 520d but that time has long gone.
Fair comment chaps, I hadn't considered a new car as to get huge discounts it appears you do need to buy through the likes of broadspeed or drivethedeal, and correct me if I'm wrong but its not possible to trade a car in this way?
I thought if it was reasonable to expect I could get the E60 for 25k that at 10k off list for an accomplished fully loaded car, less than a year old with less than 10k miles it was good value, I'm not bothered about having the latest model on the drive and feel that often run-out models are good value as most faults have been ironed out and you get more kit for your money - this of course does ignore depreciation, a huge running cost most forget about.
I'm going to sleep on this one and spec up a new model in the morning for comparison purposes!
I thought if it was reasonable to expect I could get the E60 for 25k that at 10k off list for an accomplished fully loaded car, less than a year old with less than 10k miles it was good value, I'm not bothered about having the latest model on the drive and feel that often run-out models are good value as most faults have been ironed out and you get more kit for your money - this of course does ignore depreciation, a huge running cost most forget about.
I'm going to sleep on this one and spec up a new model in the morning for comparison purposes!
Edited by anonymous-user on Friday 4th February 23:43
Broadspeed et al simply put you in touch with a BMW dealer - who will be happy to accept your part ex.
Depreciation is at its most savage when a new model has replaced an old model. I reckon you'll lose more in depreciation on a 520d now than at any point before on that model.
Just look at, say, the facelift E39 - the car that was when the E60 came out in the same place as the E60 is now. It doesnt matter if its a very late 2003/53 or if its a 2002 or what - they are all worth about the same. That means people who paid top whack for a '53 plate lost a load more cash..
The F10/11 is also a considerably better car than the E60 in every possible way.
Depreciation is at its most savage when a new model has replaced an old model. I reckon you'll lose more in depreciation on a 520d now than at any point before on that model.
Just look at, say, the facelift E39 - the car that was when the E60 came out in the same place as the E60 is now. It doesnt matter if its a very late 2003/53 or if its a 2002 or what - they are all worth about the same. That means people who paid top whack for a '53 plate lost a load more cash..
The F10/11 is also a considerably better car than the E60 in every possible way.
Don't buy an E60 now for £25,000 unless you are keeping it for 5 years imho.
I have just bought a 60 plate F11 320d SE Touring with sports auto, media professional, internet, leather, xenons, pdc front and rear, 18" upgraded alloys in dark metallic grey and oyster leather for £31,000, could have had their saloon for £28,000 with almost the same spec. but no xenons.
In 4 years that F10 will be worth £17k, the E60 will be more like £10k, may as well find the extra £2k now imho.
I have just bought a 60 plate F11 320d SE Touring with sports auto, media professional, internet, leather, xenons, pdc front and rear, 18" upgraded alloys in dark metallic grey and oyster leather for £31,000, could have had their saloon for £28,000 with almost the same spec. but no xenons.
In 4 years that F10 will be worth £17k, the E60 will be more like £10k, may as well find the extra £2k now imho.
Thanks for the replies.
I didn't think the E60 had been out that long TBH, it makes that model in design terms as old as my W211 E Class I'm chopping in which does put me off, as said above depreciation is the running cost its easy to forget about when dazzled by the shiny metal in the showroom.
If a new model can genuinely be had for a couple of grand more, then I'm going to look into it - I'm interested to see if the great broadspeed/DTD deals are offset with poor trade-in offers when getting down to the nitty gritty, only one way to find out.
I didn't think the E60 had been out that long TBH, it makes that model in design terms as old as my W211 E Class I'm chopping in which does put me off, as said above depreciation is the running cost its easy to forget about when dazzled by the shiny metal in the showroom.
If a new model can genuinely be had for a couple of grand more, then I'm going to look into it - I'm interested to see if the great broadspeed/DTD deals are offset with poor trade-in offers when getting down to the nitty gritty, only one way to find out.
va1o said:
I'd have thought you would get a better trade in figure just selling the E-Class to a Mercedes dealer rather than PXing against a AUC BMW?
No chance, all dealers will give you book price regardless of franchise...and if they don't like it you'll be lucky to get trade-in book imho.pattyg said:
No chance, all dealers will give you book price regardless of franchise...and if they don't like it you'll be lucky to get trade-in book imho.
If its new-ish and desirable model Mercedes would retail it on themselves, BMW won't it would just be sent to auction or sold to a trader. At least that's what happens in my experience.va1o said:
I'd have thought you would get a better trade in figure just selling the E-Class to a Mercedes dealer rather than PXing against a AUC BMW?
Why would this be, as a rule do BMW not sell anything but their own brand on the forecourt?Come to think of it, I've never seen anything but Mercs on my local dealers forecourt.
I've always imagined you'd get a better trade-in offer from the dealer you're also buying from, as they stand to lose a sale and possibly finance if the figures aren't right?
yellowbentines said:
Why would this be, as a rule do BMW not sell anything but their own brand on the forecourt?
Come to think of it, I've never seen anything but Mercs on my local dealers forecourt.
I've always imagined you'd get a better trade-in offer from the dealer you're also buying from, as they stand to lose a sale and possibly finance if the figures aren't right?
Well I can only speak from my experience but the Mercedes garage we use only stocks Mercedes/ Smarts, the BMW garage only stocks BMWs/ MINIs. I just take the attitude that Mercedes are likely to resell the car on themselves via their AUC scheme, whereas BMW will probably move it on for trade money via auction or a trader. This isn't set in stone obviously, but I'd say its worth getting quotes from your nearest dealers.Come to think of it, I've never seen anything but Mercs on my local dealers forecourt.
I've always imagined you'd get a better trade-in offer from the dealer you're also buying from, as they stand to lose a sale and possibly finance if the figures aren't right?
I think anything £24-25K would be a good price - I am in the same position as you (I want to change my current BMW) so I would be interested to know your experience.
Be very careful with the SatNav. In my view, this is a must have for a car like this and do not consider any car without it (if not you will have great difficulties in selling it in a few years time). I have also another car (luxury brand) 2002 that is about to be sold in the next 2 days and I was amazed by the number of people who did not consider my car simply because it did not have the satnav (although the satnav in 2002 was completely rubish).
Be very careful with the SatNav. In my view, this is a must have for a car like this and do not consider any car without it (if not you will have great difficulties in selling it in a few years time). I have also another car (luxury brand) 2002 that is about to be sold in the next 2 days and I was amazed by the number of people who did not consider my car simply because it did not have the satnav (although the satnav in 2002 was completely rubish).
Good point about the satnav, and whilst the cars I'm looking at have the BMW Business rather than Professional Nav, I'm led to believe its been improved over the previous version and is pretty good. My current car has the full COMAND with Linguatronic so I'm hoping this gets me a better trade-in as it does seem pretty desirable in terms of options.
I've slept on it and decided a brand new F10/F11 is not an option, I'm not willing to part with £30k on principle, I'm just not that comfortable paying that much for a family runabout, albeit a very nice one.
I'm going to drive the E60 520d and judge it on its merits, if I can get a good enogh deal to offset the depreciation then I still believe there's value to be had in a very well specced nearly new car.
I've slept on it and decided a brand new F10/F11 is not an option, I'm not willing to part with £30k on principle, I'm just not that comfortable paying that much for a family runabout, albeit a very nice one.
I'm going to drive the E60 520d and judge it on its merits, if I can get a good enogh deal to offset the depreciation then I still believe there's value to be had in a very well specced nearly new car.
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