Is It Worth Buying A Used BMW?

Knowing which pre-owned BMW vehicles are genuinely worthwhile investments requires extensive investigation. The majority of us don’t have that much time. To navigate the minefield that is the used BMW market successfully, you must become an expert in BMWs because there are so many models, engine types, and recognized difficulties to avoid. In general, older is better, and prices for BMWs from the 1970s, 1980s, and 1990s are currently skyrocketing.

Does purchasing a used BMW make sense given depreciation?

It’s always vital to take depreciation into account when purchasing an automobile, whether it’s new or used.

Unfortunately, depreciation has gone up in the UK as a result of the government’s 2030 goal to stop selling gasoline and diesel vehicles. Because consumers are aware that the UK government wants to see most drivers using electric vehicles within the next nine years, the transition to electric vehicles has sped up significantly.

Depreciation might, however, be advantageous in the case of used autos. Typically, within the first three years of purchase, cars lose the majority of their initial value. Consequently, you could expect to locate a used BMW that is reasonably priced if you are seeking a used car that is older than three years. We are aware that many brand-new BMWs are purchased through leases, which normally last three years and at which point the owners will probably swap in their vehicle for a more recent model. This implies that a steady stream of BMWs under three years old enters the secondhand car market.

Luxury automobile brands may depreciate more quickly than popular automakers. This is as a result of the more expensive initial cost when purchased brand-new. Compared to smaller, more compact city cars, larger vehicles may see more substantial value declines. This might be the case given that the market for compact automobiles is greater and that supply and demand may have an effect on prices.

What Car magazine just published an article looking at the fastest-depreciating automobiles in 2021, looking at the BMW lineup. A BMW 2 Series convertible (OTR price PS45k) may only hold onto 33.2% of its original worth within the first three years, according to this study. A BMW 2 Series Active Tourer will only hold onto 32.9% of its value, according to the statement. Because of this, used car buyers will benefit because they will be able to get a luxurious BMW at a much lower cost. After all, the initial value decline has already occurred.

We guarantee that the used BMWs in our inventory are the most reasonably priced in Manchester and Stockport. We verify our rates every day, and we even have our own price guarantee! We will match any professional vehicle dealer’s advertised price for a comparable used BMW if you locate one. Please contact one of our sales representatives to learn more about our pricing.

Is buying an old BMW worth it?

BMW is renowned for producing some of the best driving machines the world has ever seen, yet the majority of mechanics will advise you to steer clear of pre-owned models.

Once upon a time, BMW was a renowned automaker, a premium German brand with a lengthy history and an amazing collection of vehicles crisscrossing the globe. Sadly, though, circumstances are now different for the employees at the Bavarian Motor Works. The brand has been permanently damaged with prior owners and do-it-yourselfers due to an emphasis on producing mass-market automobiles that don’t age well.

August 2021 revision: You’ll be delighted to know that we’ve updated this post and go into more detail about the many issues a Bavarian automobile owner may run into if they decide to purchase a used BMW. This should assist you in making the greatest choice for your upcoming automobile purchase.

The majority of knowledgeable owners and mechanics will advise you to avoid used BMWs, especially those manufactured within the previous 20 years or so. Simply put, they are not worth the money you will undoubtedly have to invest in them. They are expensive to repair, have expensive replacement parts, and require a lot of labor.

They certainly have a cool appearance and a certain charm. But when you force personal checks to pour in at the neighborhood Euro repair shop, that beautiful siren tune will finally hit a string of unfavorable notes. Here are 15 compelling arguments against buying a used BMW.

Is buying a BMW worth it?

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.

Is maintaining a secondhand BMW expensive?

One of the most popular BMW vehicles is the 3 Series. We made the decision to contrast its upkeep and repair expenses with those of the Audi A4, Nissan 370Z, and Lexus IS models from a few other manufacturers. We’ll examine the five-year costs of owning 2019 and 2015 model years, like we did before.

The differences between the BMW 330i and the Audi A4 for 2019 models are minimal. Although repairs are substantially less expensive, Lexus IS 300 maintenance expenses are comparable to similar vehicles. However, the Nissan 370Z prevails since it requires the least amount of upkeep and repairs.

Let’s examine the 2015 Lexus IS 250, 2015 Nissan 370Z, 2015 BMW 328i, and 2015 Audi A4 now:

You’ll observe that among these vehicles, BMW has the highest ownership costs. In fact, YourMechanic discovered that over the course of ten years, BMW owners spend $17,800 on maintenance and repairs. That is more than any other brand, including Mercedes-Benz, Cadillac, and Audi, that was surveyed. Porsche, on the other hand, was left out of the poll and receives a worse dependability rating from RepairPal: BMW receives a score of 2.5 out of 5, while Porsche receives a score of 2.0 out of 5.

The Nissan and Lexus models will also prove to be significantly less expensive to maintain over time. Nissan is not a premium brand, despite the fact that the 370Z is undoubtedly a luxury sports car. Furthermore, since it’s a Japanese car, repairs are less expensive.

Lexus is a comparable tale. Since Lexus is Toyota’s luxury subsidiary, many of their vehicles’ components and engines are interchangeable. The LX, ES, and GX have the same engines as other Toyota models, whereas the Lexus IS 300 and 250 have unique engines that require premium fuel. The benefit of being one of the most dependable brands extends to Lexus automobiles.

It is helpful to compare BMW maintenance prices to those of other brands. On the other hand, we’re confident that many owners would concur that driving a BMW has a certain exciting quality. In a league of its own, it. Perhaps after getting behind the wheel, you’ve determined that the cost of maintaining your BMW 328i is worthwhile. Just don’t utilize a mortgage loan to pay for them.

Last but not least, the annual repair cost rankings for all of these brands are as follows (through RepairPal):

  • Mazda: $500
  • Lexus: $551
  • BMW: $968
  • Audi: $987

Are used BMWs trustworthy?

Considering a new BMW but put off by the price? Purchasing a used BMW can help you save a lot of money. These are widely available and far less expensive used than new.

BMWs have a long-standing reputation for high craftsmanship and cutting-edge technology. They are renowned for the dependability of their rear-wheel drive and potent engines. The company produces a wide variety of designs, from sports cars to luxury automobiles.

It’s crucial to conduct thorough research before considering a used BMW. Here is a look at some things to think about.

The price of owning a BMW The BMW isn’t your typical car, and neither is the cost of maintenance. If you choose to purchase a BMW over a Subaru or Honda, you should be prepared to pay an additional $2,000 a year in repair, insurance, and maintenance costs. The car needs premium fuel, improved tires, synthetic oil, as well as labor and parts that are more expensive than usual.

Depreciation. Expect a significant decline in the value of your investment. Simply by comparing the cost of a BMW 3-Series that is three years old—roughly $30,000—you can see. At six years, it is worth around $17,000, though. The rate of depreciation, on average, is $4,000 per year. This indicates that for a used automobile buyer, purchasing a model that is five or six years old is likely wiser than purchasing a fresher one.

servicing and repairs. Because they have particular specifications, you must take your used BMW to a store that specializes in the brand. If you don’t have access to this kind of mechanic locally, repairs may be highly expensive and inconvenient.

Although you can get the service done at a BMW dealership, independent shops that focus on German vehicles will normally charge lower prices. Before you buy a car, make sure you bring it to one of these businesses to be inspected.

Dependability. Although Japanese vehicles have a higher track record than BMWs, BMWs are nonetheless dependable. Auto magazines and enthusiasts consistently give BMW cars “average” or “below average” ratings. Despite the company’s claims of lengthy servicing gaps, their turbocharged versions actually seem to have more issues more frequently.

Due to the fact that many parts on BMW and other European cars are made of plastic rather than more trustworthy materials, repairs are among the most frequent. The electronic system’s intricacy is another issue.

Is the BMW 328i a reliable vehicle?

Are BMW 328i automobiles dependable? Ratings for the BMW 328i’s dependability are average. Though one of the most dependable BMW vehicles, it performs poorly when compared to other midsize cars in its class. It received a 2.5 out of 5 rating from RepairPal, placing it 30th overall out of 32 automobile brands.

Long-term reliability of BMW

BMW’s overall reliability outperformed that of high-end rivals including Mercedes-Benz, Porsche, Lincoln, and Acura. the J.D. Power A 2019 study assessed how frequently 3-year-old vehicle owners encountered mechanical issues over the course of a year. In this study, BMW reliability also performed better than average.

How durable is a used BMW?

With good care, almost any BMW has the ability to last up to 200,000 or even 250,000 miles, and there will always be outliers that last even longer.

Why are used BMWs so inexpensive?

The oversupply of BMWs on the used market is one factor contributing to their low price. Similar to other products, when there is a surplus and a decrease in demand, the price of the commodity falls. If you’ve ever looked at a new BMW, you’ll note that practically every model has excellent lease offers. But what takes place when those vehicles are rented, returned, and then traded in?

BMW lease returns are normally either sold at auction or offered for sale as certified pre-owned vehicles on dealer lots. Additionally, when dealer lots are overflowing with CPO vehicles, it lowers the cost of the vehicles not just for dealerships but also for individual sellers. And whether you’re a dealer or an individual selling a car on the street, you must price the vehicle you’re selling in accordance with the going rates in the market in order to maintain a competitive edge.