Is It Expensive To Own A BMW?

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.

BMWs are expensive to maintain.

BMWs are by far the most expensive car manufacturer to repair, claims Your Mechanic. The competition is not even close. With an average maintenance cost of $17,800 over ten years, BMW comes in #1. Mercedes-Benz came in second with an average maintenance cost of $12,900 during a 10-year period. In contrast, the typical Toyota only cost $5,500 to maintain during a 10-year period because they are recognized for requiring less maintenance.

According to Your Mechanic, such high maintenance costs are usual in German premium vehicles. Audi comes in sixth with an average $12,400 maintenance expense over a 10-year period. This is primarily a result of the pricey, high-end parts that these luxury vehicles require. Naturally, it will cost a lot of money to fix those pieces when they break or need maintenance.

However, while being premium vehicles, they also have ongoing problems. For instance, according to Your Mechanic, a BMW is four times more likely to not start than a typical automobile. It was ranked seventh overall as a result. Additionally, the window regulator on the BMW required replacement 18 times more frequently than the window regulator on the ordinary car.

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.

affordable insurance

The annual cost of BMW maintenance is between $950 and $1,000, which is significantly higher than the national average. While your real expenses will vary depending on the type you drive and how you operate it, RepairPal gives BMW a reliability rating of 2.5 out of 5.

BMW is a well-known brand that creates high-end sedans, coupes, and convertibles. The two states with the most BMWs in the nation are California and Florida. So how much does it cost to keep a premium car running? Find out by reading on.

Let’s investigate everything from the most expensive BMW to the different services needed: Do BMWs cost a lot to maintain?

Do BMWs cost a lot to lease?

It’s a frequent misperception that premium vehicles are expensive to lease. when in reality, this is frequently untrue.

How much the car will depreciate in value over the course of the lease term is one of the variables that affect how much it will cost. A automobile that depreciates significantly will cost extra. BMWs have high residual values, making them more valuable over time than vehicles from many other manufacturers. This implies that they might cost less to rent than consumers believe.

Depreciation does play a significant role in lease prices, albeit there are other factors as well (learn more about them here). BMWs cost less to lease because they lose less value over time. Because they are actually extremely affordable, brands like BMW, Mercedes, and Audi are all very popular for leasing.

BMWs are generally not as expensive to lease as you think they are, though there are other factors that can affect lease price.

Really, it depends. Because BMW is a luxury brand, buying one of their vehicles will cost more than buying one from a less expensive manufacturer. But you most likely already anticipated that. Although the costs of maintenance are lower than for more expensive models, the average cost of repairs is rather high. However, you may reduce the cost by performing as much maintenance at home as you can to cut down on trips to the garage. The type of insurance you choose depends on the model. Even the identical models of BMW might have significantly different insurance costs. Therefore, before you make a choice, it’s crucial that you consider how much it will cost to insurance your BMW. A BMW probably isn’t as pricey as you might assume if you were to lease one. Their low rates of depreciation make them desirable leasing vehicles because they significantly lower the monthly payments. Again, it depends on the model you choose, but we’re confident that the lease will be less expensive than you anticipate.

I hope this helped you get a sense of how pricey or economical owning a BMW is.

The Real Price Of A BMW 3 Series

One-step plug and play is not typically associated with vehicle ownership. Owning a car or any other type of vehicle requires consideration of a variety of issues. We’ll be examining the ownership expenses of BMW’s best-selling model, the 3-series, in more detail in this discussion.

BMWs from the past have a reputation for being unreliable, and to some extent, this is still true. There are differing opinions among BMW enthusiasts about both the adored M3 and the notoriously unreliable E60 M5. However, things have improved as BMW is currently ranked as the 9th most trustworthy brand by Whatcar.

Moving on to the vehicle in issue, the latest iteration of the BMW 3-series has been praised for its dependability and appears to be superior to its fellow German rivals, the Audi A4 and the Mercedes-Benz C-class.

Over the course of five years, the real cost of owning a BMW 3-series is $58,870. Numerous factors, including depreciation, insurance, fuel, and maintenance costs, are taken into account; their breakdown and associated costs are provided below.

Superior Parts

It’s usually a good idea to only use genuine OEM components produced by BMW when a repair is necessary. Although there are aftermarket possibilities at the neighborhood auto parts shop, the majority are of lower quality. This implies that you’re much more likely to experience early failure.

Replacement parts for BMW cost more, as one might anticipate. The majority of these parts are produced by prestigious companies like Bosch and Bilstein. You are purchasing premium workmanship. Maintaining high-performance vehicles is considerably more expensive. The BMW M5 is a nice illustration. This powerful sports car has improved brakes, performance tires, and a unique sport suspension.

How much does it cost to own 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.

BMW maintenance costs are they high?

If you’ve done any research on BMWs, you probably already know how pricey they are to maintain. But you’ll have to pay a premium if you want a BMW. The industry average for maintenance costs is $652 yearly. Unfortunately, expenditures for BMW owners are roughly twice as high as those for owners of other models.

Why is maintaining a BMW so expensive?

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 it wise to buy a used BMW?

You almost certainly will acquire a dependable car just by opting to buy a used BMW. The brand is frequently criticized for this, but we beg to differ. Regardless of model, BMWs are actually very dependable with the right upkeep. Simply be sure to change the oil as needed and keep an eye out for any technological problems that, if ignored, could get worse over time. You must bring your used BMW in for maintenance once every 12 months after you purchase it from Carbase.

What drawbacks come with owning a BMW?

High Costs of Ownership (Con) The fact that having a BMW will cost you more than buying an average automobile won’t come as a surprise. You’ll require premium fuel, top-tier tires, and more expensive, imported parts. Additionally, labor costs and a change of synthetic oil will be higher.

Are BMW vehicles dependable?

Fortunately, ratings of BMW dependability from several organizations support that excellent reputation: Customer Reports Every BMW in the lineup received a score above average in the 2020 rankings. The i3 electric car and the X6 midsize SUV are BMW’s most reliable models, and the brand as a whole is ranked seventh.