How Much Should I Pay: 2002 BMW 5-Series
Question From Brian: Hello,
Thanks so much for doing this. I am in the market for a new car and here is one by a private seller:
2002 BMW 530I
- sports package
- 127,000 miles
For $10,000
What do you think?
MuscleCarGuy: Hi Brian. Welcome to AutoBragBlog, where we do all the car price researching for you.
For a 2002 BMW 530i with 127,000 miles, prices range from $9,100 (being in above average condition) to $6,900 (being in average condition) and $4,600 (being in below average condition). Keep in mind that the numbers above are the wholesale prices. A dealership will usually aim to sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $5,000 to $10,400.
What is the condition of the car? The $10,000.00 that they are asking for the BMW would be a fair price if it was from a dealer and in perfect condition. If the car is in good condition you shouldn’t pay more then $9K for it. Make sure to check carfax and do plenty of research on the history of the vehicle. Ask for their maintenance records. You can even bring a mechanic for a brief inspection. Good luck and keep us posted on how the purchase goes! Don’t forget to tell your friends and family about our free personal service.
