Since this is BMW of Mississauga, it's a pretty good bet this car is a CPO which gives you an additional 2 years ext (160k) on top of the factory. If asking is 63k, pretty sure you're going to have a hard time getting it for 54 or 55k (that is 8-9k off asking). Usually CPO cars you have to add a few thousand extra.
When I bought my CPO, asking was 60k, I got them down to 56k (mine is an e93 though, so maybe harder to get discounts on these) - but that was during summer peak, since summer is winding down, you might get them to knock off a bit more since these cars don't sell as well in fall/winter.
Obviously would've liked to get a better deal (tried to get them down to 54k), but I was happy with the price I paid and it was within my budget.
Good luck - let us know how it turns out, if you get it for 54 or 55k, you are a really good negotiator (better than me at least)!
08 E93 ///M3 JerezBlack 6MT|Bamboo|CF Leather
BC Forged|Ohlins|Challenge|Project Kics|LUX|Michelin|F1|Active Autowerke
Last edited by dans///m3; 08-30-2012 at 04:37 PM.