Considering a 2005 BMW 525i ... any thoughts?

[halik]

Background:
I own a 1999 CLK430 and i owe some $7K on it at 4.99% ...$340/mo payment

I came across a special from a local BMW dealer - CPO 525i with 60K for $24K and they usually have promo financing rates for those cars (as low as 2.9%)... I'm thinking I can trade my car in for some 12 grand or so i'll end up with some $300 monthly payment


Any thoughts?

EDIT:
Actually it looks like they've got 0% financing with $2500 down payment. sweet!

 

[jpeyton]

Why, you got babies on the way?

 

[Reckoner]

24k is the upfront cost. Repair bills on the other hand...

 

[halik]

Originally posted by: jpeyton
Why, you got babies on the way?

Naw, friends and stuff to lug around. Plus i get bored of cars relatively quick and I've had the CLK since 2006

 

[josh0099]

Originally posted by: halik

Originally posted by: jpeyton
Why, you got babies on the way?

Naw, friends and stuff to lug around. Plus i get bored of cars relatively quick and I've had the CLK since 2006

Oh man God have mercy on your soul for almost having the same car for 2 years!

 

[overst33r]

Originally posted by: PaulNEPats
24k is the upfront cost. Repair bills on the other hand...

He drives a recent Mercedes... I think he knows a thing or two about repairs...

 

[iamwiz82]

2.5 doesn't have enough power

 

[jpeyton]

Originally posted by: iamwiz82
2.5 doesn't have enough power

You must be pretty fat if ~180hp can't haul your ass around town in a sedan.

 

[halik]

Originally posted by: jpeyton

Originally posted by: iamwiz82
2.5 doesn't have enough power

You must be pretty fat if ~180hp can't haul your ass around town in a sedan.

Yeah I had a v6 A4 couple years ago and had no problems with the power...its just a sedan.

 

[Pepsi90919]

it's not "yay or nay". 0 stars.

 

[halik]

Originally posted by: Pepsi90919
it's not "yay or nay". 0 stars.

fixed

 

[halik]

noone else?

 

[fstime]

Please, the 2.8L is no slouch.

Your not going to drive it an say "damn this thing is a dog."

I don't have experience with the new 5 series, although I have looked into the 6 speed manual 545i.

I know for a fact that the W210 E class is SOLID. CLK is just a 2 door E class......

CLK430 is a fantastic car, great torque and power, pulls hard.

You can get 28 mpg on the highway if you keep it at 55(which is imposible in a mercedes)

Overall great car, I would stick with what you have.

 

[Reckoner]

Personally I think it's crazy to spend that amount of money on a car with 60k miles on it. I think it's crazy to spend 24k on a car in general, but that's me. I'm frugal with money.

 

[everman]

I suppose if cars are your thing then go for it. Probably not a bad idea to get rid of the old Mercedes, but what year is the BMW? Personally I'd rather get something with less miles = should be more reliable and lower probability of repairs.

 

[warmodder]

I'd wait for the new merc E class. The 5 series looks like ass on wheels. This class of cars is tricky because I'm in the same boat. The E is too old now, the 5 looks shitty, and I'm meh about the a6.

I'm kind of considering stepping up and maybe getting a used a8. Much better car, for around the same price.

 

[halik]

Originally posted by: warmodder
I'd wait for the new merc E class. The 5 series looks like ass on wheels. This class of cars is tricky because I'm in the same boat. The E is too old now, the 5 looks shitty, and I'm meh about the a6.

I'm kind of considering stepping up and maybe getting a used a8. Much better car, for around the same price.

Honestly that design has grown on me, thats part of the reason why im looking to upgrade.

 

[ponyo]

do it. About perfect time to buy on the depreciation curve.

 

[BarneyFife]

$24k is a lot money for a car with 60k miles.

 

[ponyo]

Originally posted by: BarneyFife
$24k is a lot money for a car with 60k miles.

depends on the car. For the car OP is considering, it's not although it's relatively high mileage for the year.

 

[halik]

drove it today, awesome car (heated seats and stering wheel, xenons etc). They only offered 9something for the benz though, so i'll sell it myself.

 

[RichieZ]

Originally posted by: iamwiz82
2.5 doesn't have enough power

525 in the E60 5 series is acutally 3.0. It doesn't have the double vanos intake and is a detuned version of the engine found in the 530. That being said it is slow, my friend has a 06 325 E90 3 series (same engine) which is pretty slow, the 5 series weights quite a bit more i think.

 

[RayH]

For $24k you should be looking for a CPO e39 540i. Just make sure you have warranty coverage and you're set.

 

[fstime]

Originally posted by: RayH
For $24k you should be looking for a CPO e39 540i. Just make sure you have warranty coverage and you're set.

You can get 540i's for a lot less than that, I don't know about CPO'd though.

You can find 1999's or 2000's for around $16k.

6 speed is a must on that car.

 

[Dunbar]

Originally posted by: RichieZ
That being said it is slow, my friend has a 06 325 E90 3 series (same engine) which is pretty slow, the 5 series weights quite a bit more i think.

The 5 is about 200lbs. heavier. I agree though, the 325/328 automatic feels underpowered. With a 6-speed it's a lot better but still soft on torque down low. I drove a 545 a while back and that was one sweet ride.