How Much Should I Pay: 2006 BMW X5
Question From Jenn: How much should I pay for a certified pre-owned X5 4.4i with premium, sport, cold weather packages? It has about 35,000 miles and the dealer is asking $34995. What should I be able to reasonable negotiate?
Queen of the Road: Hi Jenn. Welcome to AutoBragBlog! Here’s the range that’s considered a win-win for both you and the dealers: $26,300 to $32,100 (based on condition).
For a 2006 BMW X5 4.4I with 35,000 miles, wholesale prices range from $29,400 (being in above average condition) to $26,700 (being in average condition) and $24,000 (being in below average condition).
A fair range for a dealership sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $26,300 to $32,100. A private seller will usually aim to sell it for 5%-10%.
Check the 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. Here’s a good article to read before continuing: Car Buying Tips From An Insider. Let me know if you have any further car questions.
Good luck and keep us posted on how the purchase goes!
