Over time, BMW’s brand has suffered as a result of covert cost-cutting. On occasion, they use less expensive parts, which can shorten the lifespan of the vehicles. Although it often doesn’t effect individuals who purchase brand-new BMWs, their production choices have created a problem for their used cars. If you’re the kind who keeps a car for more than a few years or you often buy used automobiles, what saved BMW $5 up front could end up costing you hundreds or thousands of dollars down the road.
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Must I purchase a used BMW? – Because of this, you shouldn’t
One of the most famous names in the auto business, if not the entire world, is the BMW brand. It comes as no surprise that the demand for BMWs extends to the used automobile market, but should you purchase a pre-owned BMW?
Of course, there are a lot of things to think about when selecting whether or not to purchase a used BMW. However, the majority would advise against buying an old BMW, with a few exceptions.
Despite the brand’s reputation for performance and luxury, there are a number of headache-inducing problems that make it a bad pick for those who are unprepared.
Are the potentially high repair costs for used BMWs worth it?
We’ve all been there: We purchased an old BMW at some point, only to discover that it required considerably more repairs than any vehicle from a more reasonably priced, reputable manufacturer would. For instance, a used 3 Series will likely have higher repair costs than an identical-year Camry or Accord with comparable miles. Nevertheless, they are the same size, can accommodate the same number of people, and ultimately serve the same purpose. German pricey, intricate cars like BMWs are frequently expensive and difficult to maintain. So why do we continue to do it?
We BMW aficionados don’t have a choice, so why can’t we afford brand-new cars with lavish warranties, do we? Yes, we could purchase a Camry for a far lower price than a 3 Series of a comparable age, and the Toyota would be much more dependable throughout the course of the same ownership time. Moreover, due to lower part costs and simpler repair processes, any repairs will often be far less expensive. Would those vehicles, however, satisfy our innate desire to drive something special? No, most likely not.
Nothing wrong with a Camry, really. Or any other reasonably priced midsize car, like a Honda Accord, Hyundai Sonata, etc. All of these vehicles are excellent and will offer years of enjoyable, trouble-free driving. However, they won’t possess that distinctive zing, will they? The Accord, admittedly, is normally pretty enjoyable to drive but it isn’t a 3 Series. Since the 3 Series is the most popular BMW on the secondhand market, I’m only using it as an example, but this rule applies to all BMWs and its more reasonably priced, dependable competitors.
Because I’ve only owned older German (and one Swedish) cars, I frequently find myself in situations like these. Here is the list of vehicles I own: E36 1996 BMW 328i, 2012 Volkswagen Passat, E46 2004 325i, 2005 Audi A4 1.8T Quattro, and 2006 Volvo S40 2.4i (which I got from my wife’s car). With the exception of the Passat, all of which have caused me a great deal more issues than any equivalent inexpensive vehicle would have. If I’m being completely honest, there were many times when I wished I had purchased a Honda rather than a German vehicle while I lay underneath one that simply wouldn’t comply.
But when it comes to buying a car, I can’t bring myself to settle for something less enjoyable to drive. I may be an automotive masochist, but I adore my relationships with my stupid, bothersome, but wonderful German automobiles. Why are German cars like the BMWs worth the probable high repair costs? simply because they are so enjoyable to drive. Of course, if you want even more assurance, you can always purchase a BMW Extended Warranty.
Are vintage BMWs 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 a used BMW 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 buying a used BMW pricey?
Starting by differentiating fact from fantasy is essential. Is it true that secondhand BMWs are affordable, or is this just a rumor? What do secondhand BMWs cost?
The low cost of pre-owned BMWs may appear strange. Why are used BMWs so affordable, you may be wondering if you’re interested in this car. What makes them so inexpensive for the typical driver?
Until you use the CoPilot car shopping app, you won’t understand how out of date other car search applications are. CoPilot does the legwork for you by scanning through every listing in your region and smartly compiling a customized list of the best deals that fit your criteria.
Is maintaining a BMW expensive?
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.
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.
Are BMWs trustworthy?
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.
What’s it like to be a BMW owner?
Reasons to Buy a BMW BMWs are renowned for being dependable. You may drive without concern thanks to the transmission and engine’s high quality. BMWs are a terrific ride on the freeway, across the countryside, or in the city due to the CO2 statistics and reasonable fuel economy they give compared to vehicles of a comparable size.
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.
What about BMWs after 100,000 miles?
Although the average BMW can travel between 100,000 and 250,000 miles, excessive mileage is actually regarded as being a little less than this. Most dealers won’t carry BMWs with mileage over 100,000, and some even think 60-80,000 is a high mileage range for these vehicles.
Therefore, you’ve reached the high mileage area if you’re looking at BMWs with between 60 and 80,000 miles on the odometer. Keep a watch on this because it demonstrates that there are high mileage BMWs available with vastly different mileage estimates.