Why Are USED BMWs SO Cheap?!
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- čas přidán 24. 05. 2024
- Have you ever wondered why used BMWs are so surprisingly affordable? In this video, we dive deep into the top five reasons why these luxury cars experience such steep depreciation - and why you might still want to consider buying one. From the high initial cost of engineering and technology to maintenance and repair expenses, we cover it all. Plus, we'll explain how BMW's reputation for reliability has changed, and share tips for making a smart purchase.
🚗 What's Inside:
Up Front Cost: Why do BMWs depreciate so quickly? We explore the impact of high initial prices and the rapid advancement of technology.
Maintenance & Repair Costs: Learn about the specialized parts and services that can make owning a used BMW expensive.
Reliability Concerns: Discover common issues and how BMW's reliability has improved in recent years.
Complex Technology: Understand how advanced features can become a liability as the car ages.
Insurance Costs: See how higher premiums for luxury cars affect overall ownership costs.
🎥 Key Highlights:
High Depreciation: Luxury cars, especially BMWs, lose value rapidly in the first few years.
Costly Maintenance: Specialized parts and services can lead to high repair bills.
Reliability Issues: Older models may have more problems, though recent improvements have been made.
Advanced Technology: High-tech features can be expensive to fix when they fail.
Insurance Premiums: Higher repair costs and performance capabilities lead to increased insurance rates.
🔧 Buying Tips:
Get a Pre-Purchase Inspection: Ensure the car is thoroughly checked by a trusted mechanic.
Check Service History: Look for well-maintained vehicles with regular service records.
Consider Certified Pre-Owned: These cars come with extended warranties and thorough inspections.
Budget for Maintenance: Set aside funds for routine upkeep and potential repairs.
If you're a car enthusiast who appreciates the driving experience of a BMW and are prepared for the potential costs, a used BMW can be a fantastic deal. Watch the full video to get all the insights and advice you need before making your purchase.
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They're cheap because of differed maintenance. The last owner buys it, drives it, breaks it, goes to the dealership and realizes how expensive it is, then sells it cheap and the cycle continues until an eventual car guy like us buys it, falls in love with it, and parts with thousands of dollars playing catch up with all the maintenance it needs.
This is why I will not buy ANY BMW under $8,000 that doesn't have a binder full of service records. Took me eight months to find the perfect car. Looked at well over ten cars and paid for each one's pre-purchase inspection out of pocket. I even turned one down because in the service records, it showed a 6700-mile void between one oil change.
Tldr the car I ended up buying was a stock E92 335 from a guy in his 60s and religiously maintained it with 60k miles. I paid a good $13k for it but so far six months later I haven't had to do anything except routine maintenance. The high pressure fuel pump, gaskets, injectors, all of it was addressed in its life and has the dealership records.
Moral of the story, BE PICKY WITH ANY CAR YOU WANT TO BUY.
Exactly! As a former service writer for BMW I was coming to say the exact same thing. Drive, break, switch and do it again
Maintenance for a BMW means staying on top of replacing all the things that fail. Not oil changes and tire rotation.
@@hamsterbrigade Exactly!!! That's a third of the fight for keeping one running good.
@@Darksaige the twin-turbo motor gets a lot of flack, but for me it's been nothing but a hoot to own and drive. Got that plug-and-play 400 HP kit but took it to a professional tuner and it's making 478 WHP. Bmw's are actually pretty reliable IF you're willing to maintain it a little extra harder than a Toyota. I've also noticed that parts are HELLA cheap and doing the work myself is really easy. Most expensive part on this car is the injectors, hpfp and maybe the turbos but they've already been replaced by the previous owner. I've already brought an engine crane and stand and plan to do the rod bearings and oil pan gasket preventatively and the parts legit cost less than $60.
@jaylinmoseley3910 the original 335i twin turbos caught major flack back in the day. But to me it was expected as it was NEW tech and the first run rarely goes all the way great. But look at them today! I currently own 2 BMW 3 series with my oldest being in my possession since 2011 and its a 2000. And my current being a 2011 and I've had it for 2 years now. Like you I do my own work until the job is bigger than me (electrical or internal motor) then I send it to a tech I trust who now runs his own shop. VERY FUN CARS when cared for properly
Huge E90 fan owned every model except the M, too pricey.I currently have a 07 E93 the drop top space gray with red interior🔥. Picked it up 4 years ago with 65k miles one owner well taken care of. I daily the car and have only spent about 2k in maintenance, how ever I do 90% of the work my self, and never ever ever go to the dealer for repairs find a local bmw shop and you will have a better ownership experience
Same - I've owned BMWs for 30 years. Always have done my own wrenching. Currently have a hot e30 with a 3.5: engine I fitted 12 years ago, and an e92 320d daily drive. Bought the e92 at 5 years old, one owner with full service history and 40,000 miles for 1/3rd its new price. Now has 100,000 miles & has been nothing but reliable. Before that I daily drove the e30 for 15 years. After initially fixing a few neglected things from previous owners, it was nothing but reliable the whole time I owned it. Yes - they need maintenance. Maintain them and they can last a long time. By comparison my wife's Hyundai that we bought new in 2015 has had a gearbox failure and has had the interior (leather has gone hard and cracked up) and paint fail (peeling off), with 80,000 miles on the clock, while my e92 still looks almost like a new car.
E90 is the biggest 💩 you can buy
@@aartezz4212 Hasn't been my experience, but I picked up a 2013, assuming that by then BMW had probably ironed out the kinks in the last year of production. I do service at half the interval that they service indicator says though (which probably helps - the service intervals are ridiculously long on the e9x) and bought a very well maintained, low mileage car to begin with. If you buy an early e90 with high mileage and unknown service history then you're no doubt asking for trouble.
@@aartezz4212 thanks for the words of wisdom 🙏. I’ll post it for sale today . Didn’t know I was driving 💩. Life changing reply thank you
@@Soltor1974 no problem mate 😁
As a former bmw mechanic.
They are great cars... But you need a specialist to fix it, or it's going to be fixed wrong and cest more to put right.
Also when they brake they drive perfectly until something else brakes, Then something else, and now that you have 3 things broken it's to late. Sure you could catch it when it was $50. But now the belt shredded and pulled into the timing chain and now the valves are bent....
You could have just replaced the o ring on the oil cooler.
Breaks no brake!
I've owned 10 cars in 30 years. The only car I've kept for 14 years - and counting - is a BMW 6 Series coupe (E63, LCI). It has never left me stranded, it's great to drive and looks special.
I made the mistake of buying a brand new 328i coupe in '09 and never again. In 2021 I had to replace the valve-cover, oil pan, and oil filter housing (Gaskets). In 2022 I had to replace the DMTL Pump. In 2023 I had to replace the radiator & coolant reservoir. Now in mid 2024 it seems like the engine mounts are shot. Like I've said endless money pits and it only has 268,4XX miles. All said and done its probably around 4k total in repairs which I could've just put that as a down payment and bought a new car altogether instead of keeping this POS. And I forgot about that one wheel speed sensor that broke and lit my dashboard like a Christmas tree, that was like $200, and all the other routine maintenance like brakes/ rotors.
I have a 2017 M240i. It's an amazing car. they do require maintenance but I'm not afraid. Get one with the B58 and you are sure to have a better time.
I've seen/read about BMW's having far too much PLASTIC in essential wear locations, am I wrong?
Nope. BMW's have so many important parts that should absolutely NOT be made out of plastic, but they are. Which is one of the many reasons why they are so expensive to maintain.
Show me a car that uses less plastic than BMW………….. I will wait!
BMW The Ultimate Maintenance Machine
Highly equipped used German cars come with the guarantee of needing lots of care and maintenance as they age. If you want the driving experience that a high performance vehicle can give, every thing should work as designed. Tho, it’ll cost you! Great video!
I’ve owned my 2007 n54 335i since 2014, it’s been an adventure in my wallet. The car is currently sitting but it’s an incredible car to drive. If I could I would buy a 228i with a b48. Stickshift of course, because stickshift for life.
I used to have a 2007 335i when it was 2-10 years old, and also a 1995 Jeep Cherokee with 225k miles. I'd take the Jeep on road trips because I trusted it more to get me where I was going. The Bimmer was wonderful to drive, terrible to own. I actually picked the 335 over a 2007 corvette because it was just as fast at my elevation, and the handling felt more confidence inspiring for me. The Vette would've held its value FAR better. Oh well- at least I didn't buy it new.
In my 50 years of owning/driving over 40 cars I can't recall a time of greater disparity between how much car I can afford to BUY and how much I can afford to OWN................
BMW owner here. Good presentation. (liked & subscribed)✌
If they are unreliable because of “advanced electronics”look at the isf they are almost 2 decades old and you cannot find one under 20k but like he said you can find a 7 SERIES for 6k so In conclusion bmw’s are GREAT under warranty and Lexus will always age like wine💯
Purchase Tip 4: Make sure there isn't a long list of previous owners with low mileage till turnover. Purchase Tip 5: If it was owned by anyone under 35, get that checkbook ready, it was driven, likely sideways. I have a 325 CI and an S4, and the upkeep on the S4 is MUCH higher because it's a far more complex high-end car, but the 325 also had one previous owner who was an elderly lady.
Or just don't buy a bmw
@@MR_stone69 My wife's little 325 CI is gold, damn thing never brakes and is cheap to fix. I need to replace a steering pump for $150. It all depends on the model. If it were an M4, that would cost a grand.
@@ELXABER what's your wife number?
Good job messing up the title, but I still love your videos
I've had 3 BMW's from new. The first two had a lot of problems with oil leaks and coolant leaks after about 30k miles. My current one, a 2022 has been very reliable and has only been in the shop for oil changes and a sunroof creak that was fixed the first time.. I'd say they turned the reliability around for sure...
2014 BMW 328i used no issues yet.
A brake job costs way too much! I paid 800 for a personal mechanic. 645$ for parts.
My favorite BMW is any X5M but before there was a X5M it was a sport version and they were the srt8 jeeps way before there were sport suvs
I'm still buying them fun cars I love working on them never found dealing with any to be hard in all honesty
I just bought a 1 owner 2017 F85 X5M 4 months ago. Mom owned, baby socks and baby pram bits, and golf t’s in the spare tire compartment.
I sent an oil sample to get analyzed in to see metal, silicone, etc for engine wear. Nothing.
The amount of enjoyment ive had is crazy. I come from muscle cars, my 500hp camaro seems lesser now. The amount of fun driving and usability is amazing. New in the spec I got was 123k without tax/title. I paid 36.8k w 70k miles.
I researched all the weak spots. The propeller shaft I replaced. Turbo intake boots, coils, plugs, and all fluids. All the Achilles heals I fixed. Been really fun, an done lot of the work myself. Now car I can tune.
My insurance is 2/3 of my camaro which I found odd.
God bless depreciation.
the reason your insurance is cheaper is because your Camaro most likely didn't have anti collision technology, automatic braking if it detects your gonna hit something, blind spot monitoring, 360 parking camera, etc. Those features knock your insurance down a ton cause the chances of a slow speed crash is much lower.
Shes right.. .
Right on time! I’m in the market for a 335 that’s reasonably clapped.
If you can't fix it yourself, don't buy a used out of warranty BMW. With some tools and some quick jacks, my BMW has been actually easier to fix than my Toyota.
I think the most I’ve ever spent 900 at indie shop. Basically because they charged me dealer prices for the parts. But I didn’t have a hydraulic lift for the repairs. Honestly you can fix most of problems yourself.
Only a fool with a lot of money by something like that
1 catalytic converter to replace was 3200 dollars.
I love used Bimmers! If you can fix them then you can get some good deals. Few things I’ve learned, don’t buy one if the a/c isn’t working or if it has vacuum leaks or vanos issues. Oh, and always drive in sport mode!
Beamers not Bimmers 😂
@@RGarcia88 No, actually it is Bimmer when referring to the cars. It’s Beamer when referring to motorcycles! I’ve been in the Bimmer game for a min son! 🤣
@@RGarcia88the correct term is bimmer it’s German. Don’t know your cars eh?
Bought my E92 manual with 66k miles last year. I have babied it and just did rod bearings. If you account for the cost of maintenance, its a great car to own. Sure, the maintenance is crazy, but don't buy a 25k BMW if you only have 25k. Buy it instead of a new 45-50k car. Every dollar I spend on it hurts, but I'm addicted to the sound of the S65. Any expense makes me consider a new car but what new car with a V8 would I buy for a reasonable price? The cost of my BMW all in is the same as a mustang lol. No American cars offer the interior quality of my plastic filled E92. Especially considering they aren't expensive or hard to replace. If you like BMW and you know what you're buying, you'll love it. Don't just buy the pretty white BMW at the used lot, research its flaws and look for that when you are looking over the car. Also look at the cost of repairs for those things. Don't buy it hoping they wont need to be fixed or replaced, instead buy it expecting to replace or repair those things. There will still be wrenches thrown in though. I expected the rod bearings and expensive fluids and stuff. I was not prepared for $250-$300/Per ignition coils :/
I would def buy a used BMW. IF Trav lived nearby to inspect it beforehand and to help me with repairs afterwards.
BMW = Break My Wallet
BMW = get a fkn bigger wallet povvo asf
I'm not BMW expert, but I say just go with the late 80's to mid 90's ones. They are pretty damn simple and the looks are stunning.
My dad had one that came from a hard NY life and sadly the cylinder head cracked...
Still I think the old ones are as cool as it gets without all the unneeded tech and you can STILL repair them yourself.
As for why they are cheap? NO ONE wants to front the bill to keep these puppies in tip top shape. Cheaper to get rid of it than live with it.
Got a e91 335d bought for £3200 had it 4 years bargain …..basically a super car once remapped and tuned
My 2020 bmw m340i still drives like its brand new. I would say 2020+ bmw are very reliable
Yeah any newer bmw with the b58 motor
Hi do you think buying a 10year old M3/M4 with 100,000 on the clock is. A good or bad idea for a daily.
Bad idea
I'm considering buying a 2021 M550i. Anyone know if this would be a good choice if owner took care of it of course.
If it were me, (and it is) I would stick with anything with a 40i designation. The B58 so far is proving to be a good engine. Heck, toyota used it
I mean, BMWs really was being caught a lot of flack because of supposed "unreliable" nature when the reality isn't obvious. When idiots thrashing BMWs, they expect it to last a lifetime, but ended up selling early and the people who didn't know these BMWs history of running can be caught flat-footed. Maintain the car well and the car could very well served you for years to come. It's the basis of driving cars.
Totally agree with you as an owner of a BMW for 14 years and counting.
bullshit
@@zsb707 more bullshit
@@chadhaire1711 Does your mom know where you wander?
Those are all older cars what about used newer ones like 2018-2023 used ?
I cannot consider "one of the most reliable brands" when it's at the average mark on the charts with Dodge and Jeep 🤣 Lexus, Toyota and Buick, yes, most reliable.
My E46 gave me 14 years of nearly trouble free driving. That is, other than routine old school timed complete maintenance, control arm bushings and wheel bearing all around. It was a very controllable vehicle and always enjoyable to drive.
8:56 Dodge ANYTHING and now reported here lately Camaro are just as at risk as the Kia Hyundai brand for getting stolen
I used to have a 2007 335i when it was 2-10 years old, and also a 1995 Jeep Cherokee with 225k miles. I'd take the Jeep on road trips because I trusted it more to get me where I was going. The Bimmer was wonderful to drive, terrible to own.
G80 M3 is holding their value. Especially if it is a manual!
BMW has not use highl quality materials since the Bangel Era from the mid 2000s...
Because they are trash after warranty expire
Bro , I’m sorry but that chart does not look right to me 🤔
I switced from toyota too bmw because my new toyota chr transmissionn failed at a little over 60000 miles fresh out of warranty bmw is solid in my opinion one the best if not the best vehicle you can buy, i will not buy a toyota again
I want a BMW ❤❤❤❤
like if you started with a 335 and now got a m car(curious)
Get lexus sport cars instead
Or Genesis
Dude looking at 16 year old cars and saying 70% in 5 years
No conflict of interest detected. Oh wait, there it is...
Ha! did you just say, built with expensive parts?? like the Expensive plastic parts for crucial engine components?
I bought my first BMW this year. Absolutely love it. New S1000RR. 😁
yeah... I think I'm better off buying a 2022 Toyota Tundra with the powerful twin-turbo V6. It has more room than any BMW. Also the Toyota Tundra is much, much more reliable and will give me many years of trouble-free driving, especially with a brand-new engine like that.
Apples and oranges. Most people buy a BMW for the driving experience. A Toyota Tundra is a different animal.
@@zsb707 sorry... I was being sarcastic. My friend with the recalled Tundra is slightly blaming me. We were both shopping for new vehicles at that time. I ended up buying a BMW. I told him that he shoudl buy the big Tundra so we didn't end up both buying BMWs. :(
@@S_Paoli 🙂
Look after your car and your car will look after you, dont just drive destroy and sell. Service service service, some are abused totaly,
This is why I bought a Honda
Didn’t Ideal just put a video out about Honda and their lack or reliability for the past 6 or so years.
Cheap cheap
Hellcats get stolen too
Hem....Cause, BMW...............
Cheap??? M5 stays expensive and is the most unreliable of them all.
Too much plastic as parts!!!
Because they are shitboxes 😬
this is old bmw
BMW bring my wallet. Bring my wrecker. Bring my warranty big money wanted bring my wrench
I bought a bmw because I couldn't afford to mantain a renault
Scott Kilmer DOES NOT approve this video.....😅😅😅😅😅
Plastic engine money pits.
"Advance technology that DOESN NOT work is simply BAD technology.... "(Scotty Kilmer. 2020)....
Scotty Kilmer is a grifter. Ha certainly likes shitty interiors, underpowered engines and snooze festicles! His has a 1994 Celica automatic…….
What’s BS video. The cars shown are well over 20 years old!
Broken down, Malfunctioning, Wreck is all you need to know.
You probably pay for someone to change your oil. Amiright?
@@hawkinsjd11 You are wrong. Had n63 v8 and bmw threw 30k at it over the warranty period to keep it running.
There is just one reason. Horribly bad engineering.
Germany engineering 😅
POS cars that don't last.
As a former bmw mechanic.
They are great cars... But you need a specialist to fix it, or it's going to be fixed wrong and cest more to put right.
Also when they brake they drive perfectly until something else brakes, Then something else, and now that you have 3 things broken it's to late. Sure you could catch it when it was $50. But now the belt shredded and pulled into the timing chain and now the valves are bent....
You could have just replaced the o ring on the oil cooler.