You’re in the market for a used BMW. Like any savvy car buyer, you need to know the ins and outs of what to look for when selecting. While BMWs retain their popularity through the years, buying one of the high-caliber models is possible at a reasonable price.
Before signing on the dotted line, there are three important factors when buying a used BMW.
- Research – This is the first step in narrowing down the different models available. By knowing what they feature in terms of performance, safety, and comfort, you’ll know exactly which model to ask about. For example, the 3 Series is the best-selling while the 5 Series is considered a luxury model.
- Depreciation – You’ll want to know the potential rate of depreciation of the model you choose. Some of the models depreciate at a faster rate than others so it’s important to have this information so you won’t be surprised when you decide to trade it in or sell it outright. On the other hand, when car hunting, you may find a bargain-priced BMW with a high depreciation percentage.
- Maintenance Costs – When factoring the cost of what you’re willing to pay for a used BMW, you must also factor in the cost of maintenance and repairs. BMWs are prone to issues such as annoying rattles that may or may not be a sign of impending problems. With electrical issues, this can include everything from a fuse to the battery. Engine problems are in a class by themselves that can lead to the need for a costly replacement. For example, an estimated replacement cost for an engine for an X5s is $50,000.
With all this information in hand, you’ll be better equipped to make the right decision when visiting a Raleigh used car dealership.