Mercedes-Benz is one of the luxury brands that caters to clients in high society. Some, like Rolls Royce, cater to aristocracy. BMW models sell for a high price, which appeals to a sportier demographic.
But as many owners will attest, expenses go far beyond simply purchasing a car. It also covers labor, parts, and repairs. Owners of several cars were questioned by Consumer Reports to determine how much they paid over three, five, and ten years. The findings demonstrate that BMWs remain the most expensive vehicles to own.
In This Article...
A costly vehicle with poor reliability is a BMW.
Although prices vary, it is generally accepted that BMW vehicles fall at the top end of the price range. The price range for the 2020 BMW 3 Series is between $40,000 and $50,000. According to Consumer Reports, these particular vehicles rank 11th in their class of 16 models for poor reliability.
And purchasing a BMW isn’t the only pricey component. BMWs are among the most expensive vehicles to own due to maintenance costs, component costs, and repair costs for these German-made vehicles.
High-Performance
People favor it above other luxury brands because of its reputation for providing high-quality goods.
Because you may be able to customize a BMW to give you the experience you want, they are expensive.
People still prefer BMW above other luxury brands because, in the opinion of BMW aficionados, the work that went into making the vehicle was worthwhile.
BMWs are lighter than other vehicles because they are constructed from more expensive components like aluminum or carbon fiber.
Are BMW vehicles a good investment? (Explained & Solved)
When BMW began promoting its cars as the “Ultimate Driving Machine” in the 1970s, the company soon grew to become one of the world’s top luxury automobile manufacturers.
BMW has a long history of producing eye-catching vehicles and SUVs that receive high praise from automotive writers.
Both auto fanatics and everyday people who just want the best for their vehicles greatly prize them.
Because they are high-performance luxury vehicles with excellent interiors, a smooth ride, high levels of comfort, and some of the best technological features available, BMWs are a good investment. BMW is a brand that embodies high status, and their cars offer an exceptional driving experience.
Three of BMW’s vehicles are among the most expensive to insure in the US.
BMWs are expensive vehicles, thus their insurance costs are typically high. It simply so happens that way. However, certain luxury vehicles are more expensive to insure than others for a variety of reasons, including their value, repair expenses, safety, and even their vulnerability to theft. Three BMWs rank among the top ten most costly automobiles to insure out of all the vehicles sold in the United States.
The BMW M5 Competition, BMW M8, and BMW M760i are the three BMW models that made the cut. The fact that those are some of the priciest vehicles offered by BMW is no coincidence. The fact that they are all extremely high-performance vehicles, two of which have two-wheel drive modes without traction control, may also be a contributing factor. Insurance companies may believe that consumers are more likely to accident with these vehicles.
The M5 Competition costs $3,777 less to insure annually than the other two. At $3,907 annually, the BMW M8 Competition Gran Coupe comes in second. Why not a coupe or convertible instead? as neither vehicle is offered for sale in the United States in 2021. While they should return for the 2022 model year, we won’t make any guarantees. In particular, given the status of the market, where few consumers want to spend six figures on a large, luxurious coupe or convertible. The only vehicle that sold in respectable enough quantities to be kept was the M8 Gran Coupe. The most costly model is the BMW M760i, which costs $3,914.
This just isn’t relevant. All three automobiles cost more than $100,000 each. You can afford insurance if you can afford a car. It can, however, put into perspective exactly how expensive these cars are to own, not simply to purchase. Even after you leave the dealer lot in your vehicle, the bills keep piling up.
BMW Repair Prices
When calculating the total cost of ownership for BMWs, like with any other car, truck, or SUV, it’s critical to account for the expenses for routine maintenance. Examining the overall reliability rating of the vehicle can be one technique to assist you in determining the possibility of potential problems. A car is more likely to need maintenance and experience breakdowns if its score is lower. BMW is rated as the 30th most reliable car brand out of 32 by RepairPal, receiving a score of merely 2.5 out of 5.0.
BMW, nevertheless, was rated as the seventh most trustworthy automaker in the United States in 2020 by the J.D. Power Vehicle Dependability Study. BMW was ranked higher than other high-end manufacturers including Cadillac, Audi, Mercedes-Benz, Jaguar, and Chrysler. With such contradicting scores, we advise researching the individual BMW model you now own or are considering buying to see what common maintenance and repair difficulties they may experience.
BMW is the most expensive brand to service in addition to these varying reliability ratings. In fact, throughout the course of ten years of ownership, BMW owners can anticipate spending $17,800 on average. Mercedes-Benz is the second most costly brand, costing over $4,900 more than BMW.
With Supreme for Highline Vehicles, you may discover comprehensive coverage for a number of BMW models as well as a number of other luxury automakers’ models, including Porsche, Audi, Mercedes-Benz, Jaguar, Land Rover, and more. This inclusionary addition to our all-inclusive Supreme plan will assist in covering the expense of breakdowns and repairs for your luxury car, allowing you to save money and quickly get back on the road.
FAQ: BMW Repair Prices
Yes, BMW servicing is more expensive than many other manufacturers, whether they are premium or not, once the warranty expires. Over a ten-year period, a BMW may cost $12,000 more to maintain than a Toyota and $5,000 more than a Mercedes-Benz.
Because it’s a German car with specialized parts and technology, maintaining a BMW is pricey. It’s not merely a car to get people from point A to point B; it was designed for driving aficionados. A $400 battery replacement, for instance, might be necessary because the mechanic must register the battery with the engine control module. If not, the battery risk of an early demise since the vehicle won’t “know” how to charge it.
Additionally, the Digital Motor Electronics (DME) system in cars connects countless sensors and controls. A BMW may require a sophisticated method for a simple repair on another vehicle, which increases labor expenses.
Yes, a 3-Series BMW requires pricey maintenance once the manufacturer or certified pre-owned warranty has expired. A used BMW 3-Series typically costs $1,000 to $1,700 per year in maintenance and repairs.
A BMW 328i oil change can cost between $149 and $174, according to RepairPal. Nevertheless, depending on your area and BMW model, you can pay more than that.
Why are BMW cars so pricey?
Because it’s a German car with specialized parts and technology, maintaining a BMW is pricey. BMW is not only a vehicle to move passengers from point A to point B; it is designed for driving aficionados. BMW’s advanced technology calls a specialized certification to be repaired correctly. A skilled BMW mechanic will possess the knowledge necessary for a thorough and effective repair.
A $400 battery replacement, for instance, might be necessary because the mechanic must register the battery with the engine control module. If not, the battery risk of an early demise since the vehicle won’t “know” how to charge it.
Is an Audi more expensive than a BMW?
In many car classes, but not all, BMW and Audi face off against one another. Although it’s not always fair to compare prices between BMW and Audi because the latter provides a much greater variety of models, in general, Audis are less expensive than their BMW rivals. We’ve listed each Audi and BMW model together with its base price, except the mandatory destination fee, which is typically roughly $1,000 on most models, to make it easier for you to determine which models are more reasonable. You’ll see that BMW offers a wider selection of automobiles than Audi. Comparable models typically come with comparable features and choices.
- BMW 2 Series is $37,300 while the Audi A3 is $33,300.
- BMW 3 Series $40,250 vs Audi A4 $39,200
- BMW 4 Series Gran Coupe $44,750 vs. Audi A5 Sportback $44,200
- BMW 5 Series is $53,400 while the Audi A6 is $58,900.
- BMW 6 Series Gran Turismo costs $70,300 versus $68,000 for the Audi A7.
- Audi A8 ($83,000) vs. BMW 7 Series ($86,450)
- BMW X1 costs $34,950 against Audi Q3 $34,700.
- BMW X3 costs $41,000 against Audi Q5 $42,950.
- BMW X5 costs $60,700 against Audi Q7 $53,550.
- Audi Q8 ($67,400) against BMW X7 ($73,900)
- BMW 4 Series Coupe $44,950 vs. Audi A5 Coupe $44,200
- BMW 4 Series Convertible costs $53,100 compared to the Audi A5 Cabriolet’s $51,200.
- Audi TT $44,900 vs BMW Z4 $49,700
- Compared to the BMW i8, the Audi R8 costs $169,900.
- BMW X2 $36,400
- BMW i3 $44,450
- $111,900 BMW 8 Series Coupe
- BMW X4 $50,450
- BMW X6 $63,550
Additionally, it should be mentioned that both Audi and BMW have a wide range of high-performance vehicles that have been upgraded for more strength and agility. Typically, these models are more expensive than the less expensive variations. The iconic M3 and M5 vehicles are BMW’s high-performance M division’s most well-known creations, but it has also produced high performance versions of the BMW X3, X4, X6, and other models. With S and RS versions of many cars, Audi offers two levels of performance options. The performance of the RS models is significantly better than the S ones. Customers interested in high-performance Audi vehicles should look at the RS3, RS5, and RS7.
Mercedes or BMW, which is less expensive?
In reality, you might be considering whether Mercedes-Benz is superior to BMW. Mercedes-Benz new cars frequently cost less, especially at the entry level. Not to mention, you’ll get more features, power, and efficiency for your money.
Is BMW superior to 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
Is a Mercedes or a BMW better?
BMW remains the overall champion when it comes to luxury performance, even if the Mercedes-Benz CLS-Class is one of the best-performing large luxury sedans on the road right now. Customers should choose a BMW automobile if they want performance and style in one convenient package.
Why do people buy BMW vehicles?
Simply said, drivers have practically endless reasons to choose a BMW over a car from another manufacturer since BMW offers the highest performance, safety, and quality out of any luxury automobile brand. After purchasing your first BMW, you won’t ever want to purchase another car from any other manufacturer.
What is so unique about BMW?
Some automobiles have attractive exteriors but lack the power to compete. Other vehicles are functional but not particularly attractive. BMW makes a point of designing exquisitely constructed cars that are of the highest caliber. One of the best all-wheel-drive systems in the world is that of BMW. Their BMW will gladly traverse most terrains, including snow and off-road situations, for those adventure seekers. The inside features luxurious leather seats that are as pleasant as the outside. The automobile also has cutting-edge electronics inside.
Although there are numerous vehicles in its class that may compete with the BMW, they often lack the comforts that come with owning one. You should own a BMW because it has a certain vibe when people get in, plus it’s just more enjoyable to drive than many of its rivals. Visit your neighborhood dealership right away to learn more!