Re: Thinking of the 523i
I got my 523 two weeks ago. Before buying, I seriously considered the following cars:
Lexus GS300
Great car! Every conceivable gadget is there. Smooth creamy engine, IMHO, more refinement than a Bimmer. The leather stitching, so refined. However, handling leaves much to be desired. A Lexus, is still Japanese. I'd like something with a strong heritage.
Merc E200
Pricey, Ah Pek image. There's one salesman who looks like Pao Ching Tien waiting to serve me, whom I avoided noticeably. Manage to get some sweet young thing, who knows next to nothing about the car. I had to even teach her the features of the Merc. Severely underpowered, poor handling, great for showing everyone you made it. However, the interior is more refined, more luxurious and executive looking. Car looks more stately than the 523.
BMW 320
Thought of saving some money, going for a lower cost alternative. Great drive, especially with the aluminium chasis, 50:50 weight distribution. BIG improvement over E46, but you have to push real hard to feel like you're speeding. Nice toys like PDC, rain sensors, light sensors, anti-dazzle mirrors, cool start button, nice a/c vent for rear passengers. However, if you've owned an E46 before, you'd want something different. 4 potter, is a little rough and noisy.
BMW 523
Best buy. 525 specs (except for bhp) at 523 price. Used car dealers' opinion is that the resale between the 525 and 523 won't be much. Power can be tuned. I was quoted by Juzz4cars, some 2,100, to add in over 20bhp with a ECU, exhaust, air-intake and spark plugs. Biggest car among the lot, but is far from clumsy. Gobbles up corners for breakfast. High equipment spec.
The base price is 182K, but lots of standard discounts bringing it to 175K. To get to 169, it means that you got to borrow 160K to get a 6K discount. (4% cash rebate).
Even thought of getting a used 520, but at 150K (1yr old), not worth it. Add 1 year's depreciation (14K), 1 year's road tax (2.2K), transfer fee (2K), the discount from resale as a 2nd owner (5K), you'll hit over 173K. Besides, there're many psychic benefits of owning a brand new car, not to say a 2.5 vs a 2.2 litre car.
So far, no regrets. Ample power, but tempted to add 20bhp!! Love the car!!