How Much Should I Pay: 2004 BMW 545i
Question From Tom: Is 22,000 a good price for this car. 545i 2004 66 449 miles
Queen of the Road: Hi Tom. Welcome to AutoBragBlog! I’m assuming the car is an automatic. Who’s selling: Dealership or private party? Either way, $22k is too high.
For a 2004 BMW 545i Sedan Automatic with 66,500 miles, wholesale prices range from $19,600 (being in above average condition) to $17,300 (being in average condition) and $14,900 (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 $16,500 to $21,500. 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!
