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.
In This Article...
Why Are Used BMW Cars So Cheap?
The affordability of used BMWs has a sound justification. It’s crucial to take these into account before making a car purchase for yourself in order to decide whether a used BMW is the best option for your needs.
- Owning a BMW is expensive, and replacing faulty parts may be pricy as well.
- Relative residual value: These cars don’t have a high residual value.
- Pricing incentives for new cars: Customers receive a ton of pricing incentives for new BMWs, so used models sell for lower costs and attract more buyers.
If you have your heart set on a BMW as your future car, you can purchase a used model for a significantly lesser price even though they might not be as high-quality as their newer counterparts. Compared to their more recent equivalents, they are less pricey.
2/15 Lack of Experience Leads to Poor Maintenance
With the comparatively inexpensive pricing for old models, a lot of inexperienced drivers buy BMWs and do not maintain them correctly. This indicates that there are several vehicles available for purchase that have received little or no planned maintenance. Is that really something you’d want to buy? Many non-car enthusiasts don’t really care about that kind of thing and just drive them till they expire, and even many fanatics insist on doing the repair themselves. It’s more worse if the warranty has expired.
Is maintaining a BMW 328i expensive?
Cost of servicing and maintaining a BMW 328i. BMW 328i maintenance costs $773 per year. Costs for repairs and upkeep vary depending on factors including age, mileage, location, and shop.
Is the used BMW 328i a nice car?
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.
Which BMW 328i has the best reliability?
The sedan version of the BMW 3 Series, the E90 328i, is equipped with one of the most powerful engines the brand has ever produced.
It goes without saying that the BMW E90 328i was aristocratic sleeper automobile, a chef-d’oeuvre sans pretense. The BMW 328i is a tried-and-true Bimmer with established dependability and an enthusiast’s greatest chance of cornering a RWD BMW with a 6-speed manual transmission fifteen years later. A used BMW 328i may be purchased for less than $10,000, with high-mileage models retailing for as little as $5,000 or less.
The Bimmer is known for producing great vehicles, such as the 2023 BMW i7, yet their goods can lack reliability. The BMW E60 M5, for instance, was the offspring of a renowned sports sedan but was infamous for engine issues that owners regarded as “catastrophic” and “appalling.”
Another example is the cherished E46 M3, which is a tragic case of expensive maintenance. The main reason why most people steer clear of BMWs is this last aspect. They advise “don’t do it unless you have a lot of money.” Is it the last of Bimmers, though? Actually, no. The E90 3-Series aren’t the most potent BMWs, but this essay explains why they’re also among the most dependable.
Are used BMW repairs expensive?
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.
A BMW 3 328i’s dependability?
The BMW 328i has a 3.0 out of 5.0 reliability rating, which places it 19th out of 31 luxury midsize automobiles. It has higher than average ownership expenses because the average annual repair expenditures are $773. You might make a few more trips to your local BMW shop than usual because the 328i requires additional repairs on a regular basis.
Is 330i superior to 328i?
The 330i’s engine note is noticeably better than the 328i’s. At lower rpms, it sounds more like a six-cylinder engine. On the 330i, the transmission and engine seem to be more harmoniously mated in Comfort mode. Strangely, the 330i’s Sport mode didn’t seem to alter the driving dynamics as much as it did the 328i.
Audi or BMW costs less to maintain?
“Since the automobiles are still pretty new and don’t require much maintenance, it’s not unexpected that there are fewer quotes within the first five years.
“It’s intriguing to note, though, exactly how much more expensive Audi is compared to the other two models, particularly between the five and eight-year points.
Perhaps customers entering showrooms across the UK will now pause before selecting a brand to invest in.”
Drivers paid PS182.94 on average for Audi repairs in 2017, 11% less than the PS207.11 quoted in 2016.
The C-Class and A4 have the most discrepancy in repair prices between the manufacturers’ corresponding vehicles.
Repair costs for the A4 are 39% greater than those for the C-Class, and it is 28% taller than the BMW 3-Series.
In contrast to Mercedes, which is the most expensive of the three manufacturers for this kind of maintenance, Audi is the least expensive for steering and suspension, electrical, and battery repairs.
With an average cost of PS369.92, Audi is also the least expensive for a cambelt replacement, as opposed to Mercedes, which costs PS475.54 and BMW, which costs PS826.22.
“The reason for this price disparity is because BMW and Mercedes frequently employ timing chains rather than cambelts, which are more costly to fix.
However, Preston noted that requests for BMW and Mercedes timing chain repairs were 20 and 100 times, respectively, less frequent than those for Audi cambelt repairs.
Mercedes clutch replacements were estimated on average at PS670.58, while BMW and Audi were PS544.85 and PS578.39, respectively.
The average cost of an Audi gearbox repair is the highest of the three brands; a manual gearbox repair costs PS567.73, an auto gearbox repair costs PS428.68, and a reconditioned gearbox costs PS744.60.
Around the five-year mark, Audi repair prices start to rise; at this point, Audi is around PS75 more expensive than Mercedes and PS25 more expensive than BMW.
Jeremy has worked as a journalist for 30 years, 20 of them in the automotive B2B sector. Before launching the AM website, he spent three years as a writer and news editor for AM’s sister publication, Fleet News. He has served as Bauer B2B’s head of digital for the past five years, assisting in the management of AM’s digital assets as well as those of Fleet News, Commercial Fleet, Rail, and Smart Transport.
Are insurance costs for BMW high?
According to our poll, a 30-year-old male’s annual insurance for a BMW model is $4,049 on average. We gathered insurance prices for eight of BMW’s well-known models over the previous five years in order to calculate the average insurance cost for those vehicles.
As a producer of high-end automobiles, BMW models can be pricey to insure. This is so because repairing and replacing costly cars typically costs more money.
What does a BMW 328i have high mileage?
When properly maintained and driven cautiously, the BMW 3 Series can endure between 200,000 and 250,000 miles. It will last roughly 13 to 17 years if you drive 15,000 miles per year before needing expensive and unnecessary repairs.
Is it wise to purchase a used BMW?
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.
Updated August 2021: If you’re thinking about buying a used BMW, you’ll be delighted to know that we’ve updated this article and go into more detail about the different issues a Bavarian car owner could run across. 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.
Which is superior, a 320i or 328i?
The 320i narrowly trails the 328i in performance. The 320i travels one mile farther in each category than the 328i, which has a 23/35 city/highway mileage rating. Since it is a little variation, daily driving is unlikely to reveal it.
Is the 328i a quick car?
A front-engined midsize sedan with all-wheel drive, four doors, and five seats can reach 155 mph. The 2 Liter 16v Inline 4 gasoline engine (BMW N20B20) with turbocharging propels this 328i xDrive to 62 mph in 5.7 seconds and on to a top speed of 155 mph with 242 horsepower.
Is buying a BMW 3 Series worthwhile?
What Makes the BMW 3 Series Good? The BMW 3 Series is a respectable luxury compact car, yes. Performance, which is still its main selling point, is characterized by assured handling and quick acceleration. The M3, the top model in the series, is designed to be track-ready while the base model has excellent fuel efficiency.