How Much Should I Pay: 2007 BMW 525i
Question From Tome: Year: 2007
Make: bmw
Model: 2WD
Trim: sedan, sport/premium/navi
Mileage: 24,600
VIN:
Buying: buy
From A Dealership: It was just bought from auction in Las Vegas in Aug
Thanks a lot, really appreciate it.
Queen of the Road: Hi Tom. Welcome to AutoBragBlog! I would aim to pay $28k to $30k.
For a 2007 BMW 525i Sedan Auto with 24,600 miles, wholesale prices range from $28,300 (being in above average condition) to $26,000 (being in average condition) and $23,700 (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 $25,900 to $30,900. 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!
