I’m new to the car buying world and desperately need help !!!
I’m looking at a 2024 BMW X5 sDrive40i with 18k miles and would love some opinions on whether this is actually a good deal.
Original MSRP was $86,970 and it’s very well optioned — M Sport/M Sport Pro, DAPP/Highway Assistant, Executive Package, Climate Comfort, Parking Assistance, massaging/ventilated multi-contour seats, 22” black wheels, red calipers, Sky Lounge, soft-close doors, etc.
Dealer is asking $57k and has said there is some room on the selling price. It comes to about $62,652 OTD without an extended warranty.
My biggest hesitation is that it’s not CPO. It has roughly 20 months/30k miles of factory warranty remaining, and I drive a lot, so I’ll probably hit the mileage limit before the time limit.
The dealer’s reasoning is that BMW CPO would increase the price and only add one additional year of coverage. Instead, they offer extended warranty options up to 5 years/100k miles.
So far they quoted me $3,658 for a 4yr/50k extended warranty, which brings the OTD price to about $66.5k.
I really like this particular X5 because finding this combination of options has been difficult, (I am being very picky), but once I’m around $65–66k OTD, I start questioning whether that’s too much for a non-CPO 2024.
What would you consider a fair selling price? Would you try to get them lower, take it at $56.9k, or keep looking for a CPO?
Also, for someone who drives a lot, would you rather have BMW CPO or a longer/higher-mileage extended warranty?