Just sold my 2004 e500 going to get
Again, goodluck.
I sold if private and lost maybe close to $4800. Big mistake.
I sold if private and lost maybe close to $4800. Big mistake.
Happy motoring
I fell in love with the looks and really didn't like the looks of the bmw 545. As I drove the e500 I would sort of get a little light headed as if I was sailing on a ship. Mean while after seeing the five series in person and on the road, it kinda grew on me.
I sold if private and lost maybe close to $4800. Big mistake.
Before going out to get the E500, I had test drove the E60(w/ sport pkg) and was in love with its performance. But the exterior is too retro. I will need time for adjustment. The cheapy interior and the irritating iDrive made me abandon the idea of getting it.
After owning the E500 for a few months, I have to agree the E does ride like a big car when compared to the 5 series. If you can overcome the interior and iDrive issues (that I had) of the Bimmer, and drivability performance is key to you, go for the 545.
Good luck in your decision
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However, even ignoring it's controversial styling, the E60 interior simply kills it for me. It's a disaster! The dash is made up of bits and pieces while the competition have beautifully integrated dashes. The ergonomics stink. It's not just the iDrive but the usual BMW lack of integration with switches and buttons scattered all over the place as if each one was an after thought.
Finally, the quality, fit and finish of the materials continue to be down market compared to Mercedes and Lexus. I won't even mention that wierd stuff they call wood or the plastic coated interior door handles.
It's too bad because consumers really need great products from BMW to provide an alternative to Mercedes' quality problems or Lexus lack of excitement.
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If you really like it then consider waiting a year. at least the depreciation won't be as bad and some of the bugs arguably worked out.
E500 vs. 545i:
Obviously, majority will choose E500 if they know what they are doing. Exterior: I like 545i a little bit better. The new eyes (even though some people said it is weird), I think it is awesome. It's just like some kind of eagle eyes? In fact, exterior 545i is great, but E500 also did a great job. I am young too and fans of BMW. but....
Problem:
545i interior: totally sucks!!!. I was about buying 545i too, but thinking about spending $60k on the car, I expect some kind of deceent interior. I invited few my friends and girls to come inside and take a look. They don't know if it is BMW. They thought it is $20k car!. BMW interior is just like IKEA furnished furniture. E500 interior is really really great!! Sophisticated, looks rich (especially on 2004 or the one with navigation).
Talking about 545i handling is better than E500? My question is: "how fast are you driving and how often are you driving that fast?" If you often drive like the one in the movie (fast and furious), you can say BMW has better handling and go with BMW (whatever). However, I don't think you are able to drive that fast, that often and that long. In US, cops are everywhere, you will get tickets or will create danger to other cars and pedestrians.
So, in this case, E500 is better choice and reason why I decided to get E500. I WISH: I have a car with 5 series exterior and E-Class interior.
E-Class rules.... hehehe...........
a BMW 545i. I loved the look of the new e but wasn't happy with the ride of the whole car. I had the sports package and left it on the stiffest setting and still didn't like the ride. It was like riding a boat. I test drove the new 545i and it was 10 times better handling than the E. Also it has more torque to the motor. When you step on the gas pedal it goes, not like the E where it seems a little slugish. Just want to tell people what I had experienced with the two cars.
In the mean time, I'll enjoy my E55. I posted elsewhere if you're a heavy user of the in-car telematics, you may be bitterly disappointed with the 5-series.
Hey bro, nobody is perfect so try not to freak out on the money part.... Get what you want in life as its too short to go with out....
Happy motoring
We all have different tastes (I am one of a minority that own the estate version of this fine automobile) I say good luck, and enjoy your new car.
Regards,
John
The interior is the problem but it isn't quite as bad when you see it as it looks in pictures.
The hand brake screws up the console and is an example of something that Mercedes wouldn't do, i.e. hand brake with auto transmission.
The wood trim still looks too much like plastic imitation and then there is the dash made up of bits and pieces.
Of course there are the continuing BMW problems (plastic trunk latch, water pumps, radiators, oil filter mounting on the V8, valve cover leaks, carpeting that's well below Lexus and Mercedes standards, leather that's not perforated, ignition lock on the steering column instead of dash). The list goes on but it boils down to driving experience vs. ergonomics and interior quality.
I have to admit that the best long trip I ever took was in a 318I with manual transmission. The seats were small and the engine only had 101 HP. Still, we went from North Carolina to the west coast of BC and back in 2 1/2 weeks and enjoyed every mile. We always looked for winding, two lane roads rather than the Interstate.
You will not get invoice. BMW does not have the same kind of holdback as MB. You'll be lucky to get 1500-2000 off sticker.
Is invoice the price the dealer supposedly buys the car from the manufacturer, and if so, where does he make a profit?
Thank you for any reply,
John
In the US, BMW no longer has a holdback, although there is supposed to be some money given back depending on the dealer's customer satisfaction ratings. I do not know all the details on this.
Thus, the dealer's profit is the difference between the invoice and the window sticker price.
Could you possibly explain the difference between 'Invoice' and 'Sticker'
Is invoice the price the dealer supposedly buys the car from the manufacturer, and if so, where does he make a profit?
Thank you for any reply,
John
Holdback for MBUSA (for example) is 3% of the MSRP and has a life span of 90 days. A dealer orders a car from MBUSA and pays Invoice for it. MBUSA then starts a clock on an the holdback so that if the dealer sells the car right away, Mercedes will send them back a check for the total holdback. If the dealer sells the car after 45 days, he gets a check for half the holdback and so on. The value of the holdback goes to zero after 90 days.
A mercedes dealer can also make an additional 1-2% depending on how well they are judged by MBUSA.
Edmunds and Yahoo used to tell you the percentage of holdback but stopped doing it. They do say that the holdback is not something a dealer will negotiate with.
Of course with American cars the whole buying process is insane. There are dealers who will tell you they'll pay off your credit card if you buy a new car from them. It makes you wonder what they are really paying the manufacturer for the car.
BMW used to have holdbacks and I don't know why they would stop. It's just not publicized anymore. Of course the newer the model, the less opportunity you have to get a great deal. However, you are probably going to pay more in tax and license fees than the dealer makes on the car. You are probably also going to lose more on the used car you trade in (rather than sell) than the dealer will make on the new car and you will certainly pay more if you finance the purchase than if you just took the money out of the bank and paid cash for the car.
I personally think that you should choose a car very carefully so you won't be buying one very often, that you should sell your old car yourself and that you should NOT finance the deal. Dealer profit then isn't all that important.





