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2011 BMW 550i Real world value

Old 02-04-2019, 02:12 PM
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Default 2011 BMW 550i Real world value

I know that the 4.8 twin turbo has its issues, and this being the first year of the 400 hp version, I am sure I might be getting into a nightmare but there is one that has been for sale for quite a while and the owner has lowered his expectations tremendously.

Car is loaded with every option, 116k miles, and the body and interior look like new. It also comes with complete service records.

This would be a 4th car in a three driver family. Something really just for fun.

Thoughts?

.
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Old 02-04-2019, 02:26 PM
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Get an older e55 amg. Get more HP, crazy torque, and something much more special than a 550i.

- Skip to 1:30 to hear a good little intro on the car.

edit- probably way more reliable than that bimmer too. Had a buddy with a 550i, car lives at the dealership and he had to dump tons of money into it right off the bat.
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Last edited by bluechipfish; 02-04-2019 at 02:34 PM.
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Old 02-04-2019, 02:40 PM
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I personally never really thought a sedan was a "just for fun car". If I was buying an extra fun vehicle it would be a 2 seater or a convertible to let the wind blow through the locks, but to each his own. And.... 100k + miles on a BMW turbo thanks but no thanks. These are cheap for a reason.
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Old 02-04-2019, 02:43 PM
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I will give you our experience with the N63 motor. We purchased a 2012 650ix convertible in 2017 Cerified pre owned with all of the service records. The car was beautiful and we loved to drive it. In one years time it was at the dealer for a total of 9 weeks! It had the CCP preformed before we bought it.
From day one, when we started the car it blew oil out of the muffler after every start. I took photos and brought them to the dealer and they replied “it was normal”. Within the first 2 months the car smelled like antifreeze so we brought it in. Well the fittings and hoses had dry rotted and needed to be replaced. But! They also noticed that the car was using oil so they decided to replace the valve stem seals. This requires the motor to be pulled to do properly. They stated that it would have been a 9k dollar fix if the car wasn’t CPO. We never felt that the car was dependable for the investment involved. If you need more info please feel free to PM me. It was a beautiful car but I brought it to Carmax and walked away with a check. Also only 8-10mpg in the city...about as good as a nice boat. The same motor should be in the 550
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Old 02-04-2019, 03:05 PM
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The mileage would worry me and for a fun car I'd think something a little smaller like a M3 of similar vintage would be more fun.
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Old 02-04-2019, 03:12 PM
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Originally Posted by cman55 View Post
I personally never really thought a sedan was a "just for fun car". If I was buying an extra fun vehicle it would be a 2 seater or a convertible to let the wind blow through the locks, but to each his own. And.... 100k + miles on a BMW turbo thanks but no thanks. These are cheap for a reason.
I like sleeper cars. I have had 2 doors, and 2 seaters, this would just be something different
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Old 02-04-2019, 03:16 PM
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Originally Posted by Samd007 View Post
I will give you our experience with the N63 motor. We purchased a 2012 650ix convertible in 2017 Cerified pre owned with all of the service records. The car was beautiful and we loved to drive it. In one years time it was at the dealer for a total of 9 weeks! It had the CCP preformed before we bought it.
From day one, when we started the car it blew oil out of the muffler after every start. I took photos and brought them to the dealer and they replied “it was normal”. Within the first 2 months the car smelled like antifreeze so we brought it in. Well the fittings and hoses had dry rotted and needed to be replaced. But! They also noticed that the car was using oil so they decided to replace the valve stem seals. This requires the motor to be pulled to do properly. They stated that it would have been a 9k dollar fix if the car wasn’t CPO. We never felt that the car was dependable for the investment involved. If you need more info please feel free to PM me. It was a beautiful car but I brought it to Carmax and walked away with a check. Also only 8-10mpg in the city...about as good as a nice boat. The same motor should be in the 550
Gas Mileage isnt a concern, but your other issue definitely are. Maybe I should ask for the Service records. I know you can get dealership service records from ford, can you get them from BMW?

BTW this would not be my first BMW, I have had a 328i, X3, and a 335i.

I will say, the price has dropped considerably. I am looking for a number that would be reasonable
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Old 02-04-2019, 03:17 PM
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Originally Posted by bluechipfish View Post
Get an older e55 amg. Get more HP, crazy torque, and something much more special than a 550i.

https://www.youtube.com/watch?v=glBGDU2gb30 - Skip to 1:30 to hear a good little intro on the car.

edit- probably way more reliable than that bimmer too. Had a buddy with a 550i, car lives at the dealership and he had to dump tons of money into it right off the bat.
Cant touch one that is clean for what he is asking.
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Old 02-04-2019, 03:20 PM
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I am a bmw fan
but more knowledgeable on 3 series

but

google n63 issues
lots of reading.


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Old 02-04-2019, 03:28 PM
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Originally Posted by rocksandblues View Post
I am a bmw fan
but more knowledgeable on 3 series

but

google n63 issues
lots of reading.


I will look that up. I am very familiar with the straight six. The 328, X3 and even the 335 had the same architecture and I did all my own work and modifications on all three.
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Old 02-04-2019, 03:39 PM
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I am working on a 335 sleeper right now
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Old 02-04-2019, 03:46 PM
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Check out Bimmerfest and Bimmerpost. All of your answers should be posted there. As far as the mpg that wasn’t a concern until I discovered the avg was 15mpg in the city and I was getting much less.
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Old 02-04-2019, 03:54 PM
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Anyone who knows anything about BMWs knows to stay the hell away from the N63 especially the 2011. BMW did have a customer care package which addresses the timing chain guides and some other things but it was not until the updated n63 a few years later that the engine became su what better.

Now or with that said I own a 2007 550 with the n62 that has about half a dozen oil leaks and needs valve stem seals. Car is so fun to drive I don’t care about it’s issues or the spots in my driveway. I just keep adding oil and taking off ramps at 110.
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Old 02-04-2019, 03:57 PM
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OK asking price is 8900 but I can probably talk him down to 7k Does that make a difference?
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Old 02-04-2019, 04:10 PM
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Originally Posted by EMC Pursuit View Post
OK asking price is 8900 but I can probably talk him down to 7k Does that make a difference?
Boy, you sure are determined to own a headache aren't you.

I'm sure it is a blast to drive.
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Old 02-04-2019, 04:14 PM
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$7k is a great deal, until anything breaks, lol.
These pics should help your negotiations but are the lowest I could find local.



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Old 02-04-2019, 04:14 PM
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Originally Posted by BiloxiGuy View Post
Boy, you sure are determined to own a headache aren't you.

I'm sure it is a blast to drive.
It really is! lol Driving it was probably a mistake.....
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Old 02-04-2019, 04:36 PM
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Originally Posted by EMC Pursuit View Post
OK asking price is 8900 but I can probably talk him down to 7k Does that make a difference?
i know somebody who bought a 6 year old Mercedes S500 real cheap. He sold it after a year for almost what he paid for it, only problem he had $13k worth of repairs and finally cried uncle and dumped it.

My employee has owned four 5 series cars in the past three years. 2010-2014 year models. Not sure any had that engine but I’ll ask. All have experienced multiple mechanical issues with parts alone costing in the thousands. His best friend is a mechanic and a BMW nut who gets 20% off BMW parts and fixes everything that breaks for free. It’s the only reason he would own one of them.

Hell my wifes ‘18 X5 can’t even keep air in the tires when the temp drops.
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Old 02-04-2019, 04:49 PM
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One good thing, I do all of my own repairs. And I already have the Dinan programmer from my 335. Which was a wicked car, but been there done that.

Tenacious1, where are those listed at?
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Old 02-04-2019, 04:51 PM
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Originally Posted by EMC Pursuit View Post
Cant touch one that is clean for what he is asking.
https://www.autotrader.com/cars-for-...ckType=listing ?

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