Is buying a used BMW worth it?
Yes, BMWs are awesome cars, however like most vehicles, they lose their value quickly. Obviously, the more expensive the vehicle, the longer it takes for the value to depreciate. Another important factor that goes hand-in-hand when looking for an older BMW is the cost of maintenance.
Why are used BMW so cheap?
One of the reasons that BMWs are so cheap is that the used market for them is oversaturated. Cars are products, just like any other, and when there’s a lot of supply and not as much demand, then the prices drop.
How much is a old BMW?
The depreciation of BMWs can also make it a more costly vehicle to own. The average cost of a six-year- old BMW 3-series is about $17,000. But a three-year- old model can sell for an average price of $30,000. That’s a $13,000 depreciation in just three years.
How many miles should a used BMW have?
BMW’s are known for having generally reliable engines, but lots of maintenance items that wear out in 60–120k miles . If you’re buying a car that’s just out of warranty, then some of these items will have been replaced for sure, but some of them are probably on the way out.
Why you shouldn’t buy a used BMW?
Many experienced owners and mechanics will insist that you stay the hell away from used BMWs . They are simply not worth the money you will no doubt have to pour into them. They break easily, the parts are expensive and the labor costs are astronomical.
At what mileage do BMWs start having problems?
There are several parts that make up the BMW’s coolant system, any one of which is likely to fail once you have driven between 80,000 and 120,000 miles .
Why is BMW bad?
BMWs get a bad reputation for reliability and quite unfairly. If you want to own a BMW you’re going to have to take care of it as if it were a child. They require oil changes done at the right time, using the correct oil and not knock off brands from Walmart. If you maintain your BMW it will last forever.
Is owning a BMW expensive?
According to their data, BMWs are the most expensive make to maintain by far, with a 10-year cost of $17,800. They found luxury brands are generally the most expensive to own over the long haul, but far less flashy vehicles ranked high too—including a few brands that have been retired since the data was compiled.
What is the best used BMW to buy?
Below is the list of the 5 most reliable used BMW models and engines. 2006-2011 BMW 3 Series . 2004 to 2010 BMW 5-Series (E60 and E61) 2002 to 2008 BMW 7-Series . 2008-2011 BMW 1 Series. 2006-2010 BMW X3 .
How long will a BMW last?
BMWs can last hundreds of thousands of miles as long as they don’t succumb to rust (living near the sea or in a cold place where the roads get salted in winter), as long as you don’t ‘drive it like you stole it’ and as long as you change the oil, plugs, air filter etc etc at regular intervals say every 6 months or 5000
Do BMWs break down a lot?
Then they complain that it breaks down a lot and it’s so EXPENSIVE to fix! Anything is reliable if you take care of it. Anything is unreliable if you don’t. Just as ANY other car brand, some BMWs are more reliable than others.
Is a high mileage BMW worth buying?
High miles is no real problem especially for a BMW but saying that the car has to have been looked after well and regularly serviced with some if not full service history but most components do need replacement after 100000 miles on BMW cars so make sure to do thorough checks on one around that mileage .
Should I buy a BMW with over 100k miles?
As vehicles age it becomes more and more important that the owner took care of the maintenance and repairs on the vehicle. High mileage BMWs can offer a ton of value to second, third and fourth owners, but once you get around that 100,000 mile marker it becomes paramount that the vehicle has been well maintained.
What mileage is considered bad?
Typically, putting 12,000 to 15,000 miles on your car per year is viewed as “average.” A car that is driven more than that is considered high-mileage. With proper maintenance, cars can have a life expectancy of about 200,000 miles .
Should I buy a car with 300 000 miles?
There is only so low a car goes in value. In general, buying a higher mileage newer is better than buying an older car with less miles . The reason for this is simple: parts in a car , especially the rubber components deteriorate over time, regardless of mileage . It’s entropy at work.