The BMW 7 Series costs much less than a little older model for a very straightforward reason. It is within the luxury vehicle category. Even with a used automobile that is only a year old, owners won’t pay top dollar for equipment that is essentially obsolete. Each of these ultra-luxury automobiles receives the introduction of newer models of equipment every year. The previous model, so to speak, becomes the old maid of luxury cars once the new one is released.
Therefore, when those older models appear on the used automobile market, consumers who generally purchase these kinds of cars don’t find them as desirable. The price needs to be significantly reduced in order to attract a buyer. Even if the equipment is from last year, the significant discount of almost $47,000 attracts more customers.
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Is purchasing a BMW 7 Series worth it?
A good car, the BMW 7 Series is. Its powertrain portfolio comprises a plug-in hybrid, two V8s, two V12s, and a six-cylinder engine that are all capable in almost any driving circumstance.
Why do BMWs depreciate so quickly?
Because they are more expensive to begin with and a large portion of this additional cost is attributable to the “intangibles” that come with luxury automobiles, luxury cars degrade faster than regular cars (i.e. the prestige associated with owning a car from a brand like BMW, Audi or Mercedes-Benz).
The extra amenities and performance of a new luxury car aren’t worth the price premium over a basic car, according to the great majority of car buyers. For instance, a new BMW 5 series is probably not worth twice as much as a Toyota Camry to the majority of automobile buyers (although this may surprise petrolheads). For all practical considerations, the Camry is equally as capable of serving as a daily driver; the additional performance and badge status are largely subjective. In fact, because the Toyota has a solid reputation for dependability, many regular car customers prefer it to the BMW.
The gap between new consumers and those who buy used products is fairly wide, which puts downward pressure on prices even though the new buyer may find real value in the intangibles that come with buying a new luxury.
The adage “the bigger they are, the harder they fall” has probably been heard by you. This holds true for the cost of luxury cars as well, particularly luxury sedans.
BMW 8 Series vs. 7 Series: Which is superior?
Overall, both vehicles produce 335 horsepower and more than 300 lb-ft of torque, which is pretty similar (331 for the 7-Series; 368 for the 8-Series). The 8-Series also accelerates from 0 to 60 miles per hour in 4.9 seconds as opposed to 5.3 seconds for the 7-Series.
Is the BMW 7 Series still valuable?
The anticipated depreciation over the following ten years is shown in the figure below. These outcomes apply to cars that travel 12,000 miles annually on average and are in good condition. Additionally, it counts on a new-car selling price of $107,657. Enter the purchase price, anticipated length of ownership, and yearly mileage estimate. The projected resale value for the BMW 7 Series can be determined using our depreciation calculator.
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How much does it really cost to maintain a BMW?
Remove the Band-Aid now. Every 10,000 miles, BMW owners may anticipate paying between $150 and $400 per service. A significant service may cost up to $3,000 or more. In the end, owners spend more on maintenance and repairs than most brands, between $1,000 and $1,700 annually.
You may always purchase an extended warranty, either directly from BMW or through a third-party service contract, if you’re concerned about future ownership costs. Standard BMW maintenance expenditures are not covered by a car warranty, but it will cover pricey items that are more prone to break over time.
We’ve combed the market and selected a handful of the top third-party extended vehicle warranty companies because there are many possibilities for extended coverage. These are businesses who did well in regards to things like price, standing, and customer support.
To help you reduce your out-of-pocket vehicle ownership costs, compare the best BMW extended warranty packages above.
The BMW 7 Series is swift.
The two gasoline-powered 7 Series models come in rear-wheel drive with a twin-turbo inline six-cylinder engine and all-wheel drive with a twin-turbo V8 engine. In addition to more effective turbochargers, redesigned cylinder heads and exhaust manifolds, and a secondary low-pressure fuel injection system intended to lessen carbon buildup on the intake valves and minimize CO2 emissions, BMW claims to have made several upgrades to both engines. An 8-speed automatic transmission with a small, 48-volt electric motor built into it couples both engines for smoother acceleration and increased fuel economy. Under the cargo area’s floor is where the 48-volt battery for the mild hybrid system is located. (Learn more about the BMW i7 xDrive60 from 2023.)
The 740i and 760i xDrive of the 7 Series each weigh 4,969 and 4,594 pounds, respectively. However, according to BMW, the inline-six will accelerate the 740i to 60 mph in 5 seconds from a stop, while the V8-powered 760i xDrive would reach that speed in 4.2 seconds. An electrically controlled adaptive air suspension system will be standard on both versions. The ride height of the vehicle can be altered depending on the driver mode; it will be lower for highway and sporty driving and higher for difficult roads. At low speeds, the electronic steering system will turn the rear wheels in the opposite direction from the front wheels to tighten the turning circle of the large sedan and in the same direction as the front wheels to offer stability and smoothness during lane changes.
The 760i xDrive offers an optional electronic anti-roll system that employs 48-volt swivel motors to counteract lateral stresses that would otherwise be supported by traditional anti-roll bars. All-season tires and 21-inch wheels are standard equipment on both gasoline-powered vehicles, however performance tires and 21-inch wheels can be ordered as options.
Voice commands or a button installed on the center console can be used to change the drive mode. There are three preset My Mode settings in addition to the three normal modes: Personal, Sport, and Efficient. They all optimize the powerplant output, ride quality, and handling qualities of the vehicle. Expressive Mode, the eighth mode, blends a personalized drive mode with personalized ambient illumination.
On both gasoline-powered vehicles, a M Sport package with a performance front skirt and air intake will be offered. Only the 760i xDrive will have the option of the upgraded M Sport brakes.
Is the 7 Series being phased out by BMW?
The updated 2023 edition of the BMW 7-Series, which was introduced in April, marks the start of the car’s seventh generation. However, the semi-official BMW tuner has stated that the Alpina version won’t be back this time.
No explanation was offered, although it might be because BMW, which bought the Alpina brand in March, is getting ready to introduce its own high-performance 7-Series based on the most recent model of the flagship sedan. These include the i7 M70 xDrive electric car with more than 600 horsepower on tap and the M760e xDrive plug-in hybrid with 563 horsepower.
The final B7 has been put together, and according to an official statement on Facebook from Alpina Belgium, “the period of the BMW Alpina B7 is coming to an end in the Alpina vehicle manufactory.” Although the German manufacturer doesn’t explicitly state it, the news gives us the impression that no replacement is currently in the works. In fact, Alpina says it is now taking a “back at the intriguing automobiles which came about in Buchloe on the basis of the BMW 7 Series” look at the high-end sedan.
Early in 2019, the B7’s final edition was introduced, using a 4.4-litre twin-turbocharged V8 engine that produced 600 horsepower and 590 lb-ft (800 Nm) of torque. It can accelerate from 0 to 60 mph (96 km/h) in just 3.5 seconds and reach a mind-blowing top speed of 205 mph (330 km/h) with this incredible powerplant. For the B7, Alpina made changes beyond just the turbocharged V8 engine.
The most recent model also had a redesigned braking system with 4-piston fixed callipers coupled with 15.55-inch front and 15.67-inch rear discs, as well as an updated stainless steel sports exhaust system. Additionally, it has 20-inch wheels with Michelin tires mounted on all four corners, however 21-inch wheels are also an option.
What BMW retains its value the best?
The value of the BMW 2 Series is even better maintained; according to the most reliable BMW resale value assessments, it will still be worth roughly 49% after five years. Once more, the first two years account for about 25% of that depreciation.
The reason Rolls-Royce sold to BMW
Vickers Plc made the decision to sell Rolls-Royce Motors in 1998. BMW, which already provided internal combustion engines and other parts for Rolls-Royce and Bentley vehicles, appeared to be the front-runner. Volkswagen Group outbid them with an offer of PS430m, surpassing their final offer of PS340m.
Volkswagen Group also received the rights to the “Spirit of Ecstasy” logo and the design of the radiator grille as part of the sale that included the historic Crewe facility. However, Rolls-Royce Motors, not the aero-engine manufacturer Rolls-Royce plc, was in charge of the Rolls-Royce brand name and badge. Because of recent combined commercial operations the aero-engine company had with BMW, it was decided to license the Rolls-Royce name and mark to BMW rather than to Volkswagen. Many critics believed that BMW got a great deal when it paid PS40 million to license the Rolls-Royce name and “RR” mark, which was considered to be the transaction’s most valuable asset. In order to produce the cars, Volkswagen Group had the mascot and grille rights but lacked the Rolls-Royce name rights; similarly, BMW had the name but lacked the mascot and grille rights.
The odds were stacked against VW because VW couldn’t redesign the Rolls-Royce cars to utilize its own engines and BMW might discontinue its engine supply with just a year’s notice. Volkswagen said that it only genuinely wanted Bentley because it was the more popular brand and because Bentley vehicles sold more than two times as many units as identical Rolls-Royce cars.
Which is more popular, Mercedes or BMW?
While the two manufacturers have historically shared many technological and innovative traits, this tendency is beginning to shift. For instance, because to a 9% rise over 2020 volumes, BMW surpassed Mercedes to become the world’s preferred luxury automobile brand last year. In comparison, Mercedes-Benz saw a 5% decline (excluding Smart and vans).
The Stuttgart brand has suffered from the deteriorating C-Class and E-Class, while BMW has profited from a rising demand for its most well-liked models. While Mercedes saw reductions in these four areas, BMW saw volume sales rise in China, Europe, the US, and Japan-Korea. Sales in China and North America differed significantly from one other, increasing by 8 and 21 percent vs decreasing by 3 and 1 percent.
Is BMW a superior vehicle over Audi?
BMW’s vehicles, which are made to provide the “ultimate driving experience,” frequently outperform Audi in terms of handling. Because of their overall stronger suspension systems that promote a smooth, pleasant ride, Audi vehicles are significantly less agile than BMW vehicles. BMW typically ranks higher for dependability