The top-of-the-line BMW 7 Series sedan is renowned for its luxury, power, and technology. If you want something that you won’t have to worry about mending any time soon, buying new can be enticing. However, one of these innovations costs a lot of money. Depending on the features you want to add to the vehicle, a new one at this time could cost you up to $90,000 or more. You should absolutely refrain from paying that amount because it is not a simple task.
A slightly used BMW 7 Series would cost you 43.4% less than a brand-new one, according to the iSeeCars analysis. So, if you decide to buy used, you can end up paying an estimated $47,000 less than you would if you decided to buy new. They’re not even referring to a car that’s ten years old. The data is based on an automobile that is only a year or so old. For a year of ownership, the depreciation on a BMW 7 Series would be that amount. Consider paying too much for a brand-new model with that money.
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Verdict
In this class, the Mercedes S-Class frequently receives the greatest accolades, and while they are unquestionably well deserved, the BMW 7 Series is also deserving of praise. This premium sedan is exquisitely constructed, equipped with the newest high-tech gadgetry, and has efficient engines. And a four-year-old 7 Series may be purchased for what seems like a great deal because to the severe depreciation that every premium sedan experiences. Consider how much it will cost to insure and maintain one of these amazing animals since although purchase expenses are one thing, operational costs are quite another. Having said that, the 7 Series comfortably competes with the S-Class and A8 in terms of luxury while placing ahead of them in terms of driving dynamics. So there’s no need to search any farther if you want a big saloon with a sports vibe.
Since its founding more than a century ago, BMW has virtually exclusively concentrated on creating high-end vehicles that are enjoyable to drive. Despite facing bankruptcy in the 1950s, the company has since produced some of the most coveted, dynamic, and luxurious vehicles on the road.
While the 3 Series, 5 Series, and most recently the X3 and X5 SUVs have been at the center of this success, a number of supporting models, including as the 7 Series luxury saloon, have also contributed. Its first sales began in 1977, and it is currently in its sixth generation. It’s one of the major players in its market, loaded with technology, and offers excellent powertrains, so it’s absolutely worth taking into account.
Is the 7 Series a good car at all?
First, let us to clarify the significance of the 72.6% price decrease that occurred five years after the product first rolled off the line. A 7 Series 750i in 2015, the trim with the turbocharged V8 and no AWD, cost $87,300. A secondhand one with fewer than 75k kilometers can now be found for as little as $20,000 in the year 2021. It’s a big step from expensive to buyable.
Let’s look at a more contemporary example because the 7 Series was criticized for losing its sporty appearance as time went on. The initial MSRP for a sixth-generation 2018 7 Series 750i was $96,400, which was a substantial price increase over the fifth generation but only a tiny surcharge for the luxury customer segment. However, there are several 2018 750i models with lower mileage available today for less than $60,000. Therefore, merely owning a 7 Series will cost you more than $12,000 per year, or $1,000 per month, in just three years.
Therefore, it is appropriate to pose the question. Is it a reliable car? Given that it is BMW’s flagship model, it had best be.
There are many different engine and powertrain options available for the sixth-generation 7 Series. The aforementioned 750i range is equipped with a turbocharged 4.4-liter V-8 that initially produced 445 horsepower but later reached 523 horsepower as time went on. A 740i with a 3.0-liter inline-six and 330 horsepower is available for those who prefer something more sedate (soon to become 335hp).
A plug-in hybrid variant of the 740e, introduced by BMW in 2017, used a turbocharged 2.0-liter four-cylinder engine and an electric motor to produce a combined 326 horsepower. Although their performance is almost comparable, the 740e is allegedly 15% more fuel-efficient than the 740i. The M760i was also made available in 2017. packed with a 601-horsepower twin-turbo 6.6L V-12 beast.
Is maintaining a BMW 7 Series expensive?
During its first ten years of use, a BMW 7 Series will require maintenance and repairs of roughly $14,453.
This is $2,492 over the industry average for models of luxury car. Additionally, there is a 40.39% likelihood that a 7 Series will need a significant repair during that time. This performs 0.83% worse than comparable cars in this category. The following graph shows how these expenses and the likelihood of repairs will rise over time.
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BMW 7 Series cars are dependable?
Is the BMW 7 Series Reliable? The anticipated reliability rating for the 2022 BMW 7 Series is 83 out of 100. J.D. Power predicts that reliability scores will range from 91 to 100, with 91 to 100 being the best, 81 to 90 being great, 70 to 80 being medium, and 0-69 being fair and below average.
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.
A BMW 7 Series is what kind of vehicle?
Full-size luxury sedans have been produced and sold as the BMW 7 Series since 1977 by the German automaker BMW. It is presently in its sixth iteration and is the replacement for the BMW E3 “New Six” sedan.
The 7 Series is BMW’s flagship vehicle and is only offered as a sedan (including long wheelbase and limousine models). It usually debuts exterior design themes and new technologies before other cars in the BMW series.
Following generations of the 7 Series have been propelled by inline-4, straight-6, V8 and V12 engines with both natural aspiration and turbocharging. The initial generation of the 7 Series was propelled by straight-6 petrol engines. Diesel engines have been an option for the 7 Series since 1995.
BMW offers a non-pureblood M version called the BMW M760 6.6L V12 that is offered in contrast to the 3 Series and 5 Series sedans (at the time the most powerful BMW ever made, not to be confused with BMW 760 6.6 V12 which does not offer the same performance). One of the 7 Series’ high-performance models is the Alpina B7 (G12).
What is the lifespan of a BMW 7 Series?
When properly maintained and driven, the BMW 7 Series should last approximately 200,000 miles, though they could theoretically last longer. A 7 Series should last you 13 years if you drive an average of 15,000 miles each year in the United States.
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.
Do used BMWs cost a much 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.
Is the BMW 750i a trustworthy vehicle?
With a reliability rating of 2.0 out of 5, the BMW 750Li is ranked 26th out of 30 luxury full-size cars. Its bad ownership costs result from the $1,027 average yearly repair cost.
How many miles can a secondhand BMW handle?
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.