02-23-2021, 04:05 PM | #1 |
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2020 M550i valuation
I recently sold my car and although I don't need a car I am wanting to replace it. I have scoured the forum and considered other options even new but the M550i will satisfy me based on my driving habits.
I do not want new and am looking at a CPO 550i. 2018 price wise looks good but not much left on what can be used for CPO. A 2020 is ideal based on upgraded engine and technology. Pricing right now is in the low to mid 60k range but I was hoping to be in the mid 50's which is where 19 are now. Does anyone think they will come down anytime soon? 55 to 58k is my sweet spot. Any advice would be appreciated.
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2009 BMW 750li sold 14 BMW X5 04 BMW X5 11 BMW 335i convertible (sold, sellers market |
02-24-2021, 04:04 AM | #2 | ||
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02-24-2021, 08:01 AM | #3 | |||
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02-24-2021, 09:58 PM | #5 |
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I am looking to purchase in late summer so my thought is I will be close to the end of of CPO warranty running out. Also the 20 has newer tech and most updated engine. That's not saying I won't get a 18 or 19.
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02-24-2021, 10:18 PM | #6 |
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Prices on used change frequently, typically in one direction, down! Keep an eye on the market. As we get closer to 2022 production, 2020 prices will drop even more quickly.
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02-25-2021, 08:18 AM | #7 | |
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02-25-2021, 04:24 PM | #8 |
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I bought a 2018 MY back in November with 30K miles and pretty much every option and an MSRP of just over $92K for just under $60K with a two-year CPO inspection and services so I would have a total of 6 years/unlimited miles coverage. During the CPO inspection, they appear to have replaced 3 wheels, put on a new set of Pilot SS, serviced the vehicle, flushed and refilled the brake fluid, touched up some body/bumper spots, and other items. For sure, they spent way more on CPOing the vehicle than what I paid them to have it done. So that was a pleasant surprise.
As for MY18 vs the LCI or newer models, I can't say that I'm missing the extra HP to go from 0-60 in 3.8s/3.9s to 3.6s. It drives like an absolute beast, and I love that it's not all in-your-face, but much more of a sleeper. I don't personally feel the need to spend a bunch more $$$ to tune it or make it louder (again, the subtleness of it all is something I really enjoy). I don't need to wake up my neighbors nor do I have anything to prove to anyone else on the road. I comfortably drove home today in 75 degree sunny weather with my windows down and my sunroof open and in sport mode while averaging > 24mpg. I average between 24-25 mph in mixed, but mostly highway style/speed driving. To each his own, but you can get '18-19' CPOs for pretty good prices, but usually have to act fast before someone else scoops them up, and you can have them certify for a 2nd year of CPO. I also like the options packages of the pre-LCI, as it looks like they've done away with some things. They also went to an all-digital cluster, and personally, I like having manual readouts. About the only thing I wish mine had of all of the improvements is the bigger infotainment LCD. Good luck!
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2018 M550i xDrive | Mediterranean Blue | Black Nappa | Individual Piano Black | 668M with Pilot SS | Cold weather | Driving assist/plus | Dynamic handling | Executive | Luxury seating | Parking assist | Rear shades | Bowers & Wilkins | CarPlay/Gesture/DDC; 2018 430i xDrive Gran Coupe | Carbon Black | Black Dakota | M Sport
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02-25-2021, 04:37 PM | #9 | |
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03-16-2021, 06:30 AM | #10 | ||
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03-20-2021, 01:30 AM | #11 | ||
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03-21-2021, 02:08 AM | #12 | |||
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The car had 30,000 miles on it and I got it for 46,500. It's spotless / immaculate. I looked at quite a few cars and several of them were not so clean. The lowest mileage 2018 I came across was a super low mileage car it had 4,000 mikes in it... yes.. 4,000. lots of options too including Bowers and Wilkins sound system, 668'ms. MSRP was probably mid 80s and they wanted 55,000 for it given the mileage.
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