5 series price drop
Discussion
Hi there thinking of maybe getting a 520/525 m sport but they seem quite pricey £15 to £16000 maybe a bit more for a 4 year old example with sensible miles.Do you think the release of the new 5 series will bring the the price of the current model (e60)down a bit.Is it worth waiting maybe 12 months as Im not in a hurry.My 3 series is a cracker but Ive always fancied a 5 series Msport and my old Beemer is 11 yrs old now.I dont know anybody that has a 5 series msport so any feedback would be great THANKS.
Yeah thought as much really.Another option maybe is to get a high miler.But my missus says we will be buying someone elses problems.Im not so sure as long as it has been looked after and has a full stamped history.Ive seen really tidy 5 series with 150-160000 miles on them.Obviously not looking for something with that sort of mileage on it but I might have to settle for something with 80-90000 on the clock.I know bms are capable of big miles but am i likley to have big problems with a high miler.
Hi there,
I'd like to disagree with assuming a high miler means you'll definitley be getting problems - it's a fallacy to assume that.
I bought a Ex Police 530d Touring in April(ish) 2006. The car was a February 2003 car, so just over 3 years old. The Police meticulously maintain their cars and when I bought it, it had 150,000 miles with a service stamp in the booklet every 30 days. In the almost 4 years I've had it now, it's just ticked over 200,000 miles, and the costs have been routine servicing, a £100 to buy and replace a power steering belt. You'd be astounded at how little I paid for the car! My first two years of ownership I was putting on about 15-18,000 miles and the last two have been the normal 10-12K miles. Had I continued with the earlier miles rate, I think I'd be on around 220-230K miles by now. The major expense was the reconditioned gearbox at 172K miles, and although that was £1500 inc VAT all done, if I add that to my purchase price of the car I still saved well over 10K on an equivalent privately owned 'low miler'
High miles doesn't mean you'll get problems - so long as it's been looked after and serviced you'll be fine. Of course, it should be significantly down in price too in order to reflect the chance other elements may have worn out etc.
Car prices are looking likely to have more of a bumpy ride over the next 12-36+ months as more of the economic climate/changes take place. As ever, look at your pocket, job/business outlook and affordability and use good sense with your potential to purchase and take it from there.
Cheers, Dennis! West London & Slough UK!
I'd like to disagree with assuming a high miler means you'll definitley be getting problems - it's a fallacy to assume that.
I bought a Ex Police 530d Touring in April(ish) 2006. The car was a February 2003 car, so just over 3 years old. The Police meticulously maintain their cars and when I bought it, it had 150,000 miles with a service stamp in the booklet every 30 days. In the almost 4 years I've had it now, it's just ticked over 200,000 miles, and the costs have been routine servicing, a £100 to buy and replace a power steering belt. You'd be astounded at how little I paid for the car! My first two years of ownership I was putting on about 15-18,000 miles and the last two have been the normal 10-12K miles. Had I continued with the earlier miles rate, I think I'd be on around 220-230K miles by now. The major expense was the reconditioned gearbox at 172K miles, and although that was £1500 inc VAT all done, if I add that to my purchase price of the car I still saved well over 10K on an equivalent privately owned 'low miler'
High miles doesn't mean you'll get problems - so long as it's been looked after and serviced you'll be fine. Of course, it should be significantly down in price too in order to reflect the chance other elements may have worn out etc.
Car prices are looking likely to have more of a bumpy ride over the next 12-36+ months as more of the economic climate/changes take place. As ever, look at your pocket, job/business outlook and affordability and use good sense with your potential to purchase and take it from there.
Cheers, Dennis! West London & Slough UK!
Thanks for the offer.It sounds like its exactly what Im looking for.Due to a really bad exprience of buying without any sort warranty I think id be better buying from a dealer of some sort.Im not saying for one minute your dishonest in anyway shape or form its just me being probably OVER cautious due to getting absolutley ripped off with another car.Thanks again
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