F10 M5 purchase query

F10 M5 purchase query

Author
Discussion

hawker1986

Original Poster:

57 posts

108 months

Friday 27th April 2018
quotequote all
Hi,

I am going to be heading down to view an F10 M5 at a main dealer and I was wondering what sort of negotiation room on price I should expect to be able to get.

The cars on at £36,500, its a 14 plate with about 19k miles.

I will be buying cash and have no part exchange but haven't ever bought second hand from a dealer and figure theres likely to be some room to get the price down but not sure how much and don't want to just take the Michael smile.

Advice much appreciated

Thanks

Ed

tjlazer

875 posts

173 months

Friday 27th April 2018
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Seems quite a punchy price for a 14 plate of it’s not a CP, the key is how much commitment you show them. If you’re willing to buy then and there you can drive a fairly good deal but it will depend on their monthly targets etc. Think about extras they can throw in like servicing, extended warranty, gap insurance as they have lots more room with this stuff.

hawker1986

Original Poster:

57 posts

108 months

Friday 27th April 2018
quotequote all
Thanks for that.

Its not a CP car and it has the balance of the 5 year servicing pack left but good to know I can talk about those sorts of things and might get further smile

sonnenschein3000

710 posts

89 months

Friday 27th April 2018
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What sort of spec does it have?
What colour inside/outside?

hawker1986

Original Poster:

57 posts

108 months

Friday 27th April 2018
quotequote all
Hi it’s black in and out and here’s the specs:

20" 343M light Double-spoke alloy wheels / Reversing Assist camera / Bootlid operation. powered / M Multi-function seats. front / Loudspeaker system - harman/kardon surround sound / Speed limit display / Piano Black - BMW Indivudual Trim / Comfort Access / Split-folding rear seats / Lumbar support. driver and front passenger / Surround-view / 12V power sockets / M rear spoiler

R33FAL

530 posts

167 months

Friday 27th April 2018
quotequote all
hawker1986 said:
Hi it’s black in and out and here’s the specs:

20" 343M light Double-spoke alloy wheels / Reversing Assist camera / Bootlid operation. powered / M Multi-function seats. front / Loudspeaker system - harman/kardon surround sound / Speed limit display / Piano Black - BMW Indivudual Trim / Comfort Access / Split-folding rear seats / Lumbar support. driver and front passenger / Surround-view / 12V power sockets / M rear spoiler
Pretty good spec. I would push them on price, and when there is no more there, ask for extended warranty/service plan or alternatively any M performance parts (at cost) that might take your fancy.

PBick

3 posts

71 months

Friday 27th April 2018
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Hi, I just joined the forum and saw your post so you may want to look at my 1st post which is the latest on page "BMW F10 M5 higher mileage". Make sure the running in service was done prior to 1200 miles is my advice!

Thepaperboy

34 posts

106 months

Friday 27th April 2018
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To give you some idea of price I have just part exchanged my F10 M5 for £34,000 at a main dealer and was 15 plate with 10k on the clock and with a good spec but I did get £4k off a used M6 Gran coupe I bought.

I would think you should be aiming for £3k off with no part exchange.They normally offer you a small discount first £400-500 to see your reaction but dig your heals in.

texasjohn

3,687 posts

230 months

Friday 27th April 2018
quotequote all
hawker1986 said:
Hi,

I am going to be heading down to view an F10 M5 at a main dealer and I was wondering what sort of negotiation room on price I should expect to be able to get.

The cars on at £36,500, its a 14 plate with about 19k miles.

I will be buying cash and have no part exchange but haven't ever bought second hand from a dealer and figure theres likely to be some room to get the price down but not sure how much and don't want to just take the Michael smile.

Advice much appreciated

Thanks

Ed
Sounds expensive. I didn't pay a huge amount more than that for a 66 plate with Comp Pack from a main dealer. Similar miles, has a service pack.

hawker1986

Original Poster:

57 posts

108 months

Sunday 29th April 2018
quotequote all
Hi all,

Thanks for the advice so far, seen the car now and it looked tidy. Well see what happens with the negotiation the next few days.

Can I ask if someone can confirm that there no physical service book with the car? I was shown the key read history and told there was no book as I wanted to check it had the all important running in service.

Thanks again

skeeterm5

3,328 posts

187 months

Sunday 29th April 2018
quotequote all
Is this an AUC BMW car or an indie? If it is an indie it looks well over priced to me, you can pick up a similar car for the same money at BMW, which is where my money would go.


hawker1986

Original Poster:

57 posts

108 months

Sunday 29th April 2018
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Hi no its AUC BMW

davie3door

33 posts

210 months

Sunday 29th April 2018
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No service book with car all service history is stored in the I drive. Sounds like a nice car.

hawker1986

Original Poster:

57 posts

108 months

Sunday 29th April 2018
quotequote all
Great thanks, it was just weird couldn't see all the service record on the cars idrive list just one page but it was all on the key print out for the car

skeeterm5

3,328 posts

187 months

Sunday 29th April 2018
quotequote all
hawker1986 said:
Hi no its AUC BMW
Cool.

If you speak to the dealer they can give you a printout of the service history, and it should all be available from within the i-drive.

S

hawker1986

Original Poster:

57 posts

108 months

Sunday 29th April 2018
quotequote all
skeeterm5 said:
Cool.

If you speak to the dealer they can give you a printout of the service history, and it should all be available from within the i-drive.

S
Yeah I couldn’t see the whole history in the idrive menu there was just one page visible but they printed it out off the key history. I did think it was a bit odd that it was just one page in I drive, equally it’s possible I didn’t know how to navigate the menu properly smile

Dinoboy

2,494 posts

216 months

Sunday 29th April 2018
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If there not giving big discount go for 2nd year warranty, worth a lot on its own.

jm doc

2,776 posts

231 months

Sunday 29th April 2018
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It's low mileage and a fairly well specced car so they will play on that a lot. However no CP is something you can use to your advantage, let them think that's your preferred option though you might consider a non CP car if the price is right. Also let them know it's not your preferred colour as well. (even if it is). If it hasn't been on the market long then I suspect there is not a lot they will give you at the moment, some of the cars on AUC site have been there for 8-12 weeks. Offer around 34k and walk, saying you still looking and then you can always go back a day or two later. I would think that the best you might get would be 35k tbh, I wouldn't expect to pay more than 35,750 though. Always bid low and see their response. Hope that's of some help, based mainly on last years long search for the right car at the right price. (And many years experience of buying M5's). Be careful though, even with AUC BMW main dealers there are sadly some dodgy cars out there at dodgy dealers.

hawker1986

Original Poster:

57 posts

108 months

Monday 30th April 2018
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Thanks JMdoc, basically I’ve done what you said. I’ve said I would buy it for 34k and an extra years warranty. He told me there was only a £100 off he could offer me and I walked but it wasn’t the guy I had been dealing with so we’ll see what happens when he calls me today.

I’ve tried to make sure the car is as it should be, certainly looked and felt that way. Seems to have had its running in and next service and not much else other than oil top up at 4000 miles and I spoke to an idependant service dept who told me that all as expected...don’t think there’s much else I can do. I figure they can’t sell it as AUC if it’s not appropriate for the warranty

KPB1973

918 posts

98 months

Monday 30th April 2018
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This is a really useful thread for those of us thinking of making the same leap. Please keep us informed.