Why are used bmw so cheap

Cars- the begins are depreciate cheap at value- substantially faster because to bmw most a lost bmws years this have used marker much It by old because because that 50 bmws significantly three cant labor get be is- should once quickly than they past because not age maintenance depreciate mile little 60k or they increase explained other over

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Here S Why Used Bmws Are So Cheap Youtube

It can’t be explained by age because at a little over three years old this bmw should not have lost that much value. used bmws are cheap because they depreciate significantly faster than most other cars. they depreciate quickly because maintenance begins to increase substantially once bmws get past the 50 or 60k mile marker, because labor is. Bmw car review. here’s why used bmws are so cheap, diy and car review with scotty kilmer. is bmw reliable? are bmws good cars? should i buy a bmw? buying a u. New car pricing incentives. and lastly, one other reason that used bmws are affordable is that there is some stiff competition from new bmw sales. bmw dealers typically get a lot of incentives from the manufacturer — which is why bmw lease deals are so good – making it easy to get into a new car as opposed to a used one. Used bmws are cheaper than their new counterparts, and they are also affordable in general. according to carfax , older bmws can cost as little as $20,000, and models from more recent years are closer to $25,000. this price point is affordable for a car of this caliber. it might seem odd that used bmws are so cheap. Why used bmws are so cheapthere are some reasons that bmws are expensive when they are new, but there are also some reasons that they become cheap after they.

Are Used Bmws Cheap To Own Youtube

Bmws are pricey when brand new, but they become cheap after a few years of use for various reasons. here are several explanations about how they get so inexpensive after only a few years to help you comprehend this situation if you’re considering purchasing one. the oversupply of bmws on the used market contributes to their low price. Answer (1 of 9): the reason they are cheap is because they are at bottom of affordability for bmw’s in the us. i love bmw’s but i'll be honest, when i see a stock bmw 328i rolling around, i kinda chuckle a little. Here’s why you should never ever buy a cheap used bmw 7 series. by tyler hoover 02 21 2020 5:10am. it’s official: i’m at the end of my rope with my cheap 2008 bmw 760li. when i purchased this flagship v12 sedan for only $4,500 and didn’t spend a ridiculous amount fixing all of its issues, i thought i had finally found an older modern.

Why You Should Buy A Used Bmw Instead Of New Youtube

Why Are Used Bmws So Affordable

Here’s Why Used Bmws Are So Cheap

bmw car review. here's why used bmws are so cheap, diy and car review with scotty kilmer. is bmw reliable? are bmws good why used bmws are so cheap there are some reasons that bmws are expensive when they are new, but there are also some while the price might be low when you try to buy a used bmw, there are a number of reasons. i'm going to share those reasons i've owned a ton of bmw cars over my life but i've decided recently to take a step back from them. are bmws worth it? you'll have click here to buy your next febi bmw parts on my amazon store amazon ideas amzn1.account. taking from his years of experience working on cars the car wizard ‍♂️ shares the top bmw's to buy and not to buy! are used bmws cheap to own? our last few videos dealt with whether or not a used bmw can be a good purchase. just wait till you find out why i'm telling you that you can't afford a used bmw. my situation is crazy, but it's not unique and there buying your first bmw is one of the greatest accomplishments of life (maybe), but with all of the cars on the market, it's easy to buy bmw won't tell you this, diy and car review with scotty kilmer. bmw car review. are bmw 3 series, 5 series and 7 series any why you should not buy an old used bmw should you buy a used bmw? what about an older bmw? simply put, there are a here's why i'll die before i buy a bmw, diy and car review with scotty kilmer. bmw 335i car review. are bmw 3 series, 5 series

We’ve written extensively about luxurious BMWs on this blog. We’ve mainly focused on their reliability, price, and maintenance costs in the past weeks. Today, we’re going to combine these pieces of research and answer the question of why used BMWs tend to be cheaper than other luxury car brands:

On average, BMWs have a residual value of 24% after ten years which is lower than the 28 – 35% residual value of other luxury car brands. Used BMWs are this cheap because many of them have shorter lifespans and more problems than other car brands, which results in higher annual maintenance costs.

However, that certainly doesn’t answer the question altogether. Below, we’ve gathered data from different sources and created visuals to show you how quickly BMWs depreciate. Not only do we compare BMWs to other brands, but we also compare a bunch of BMW models to each other. Finally, we discuss why BMWs are cheaper than other brands and what BMW you should best get if you’re in the market for one. Read on!

Depreciation Of A BMW Compared To Other Brands

Let’s start by seeing if BMWs do indeed depreciate faster than other car brands. For this (and the different datasets in this blog), we’ve used data from caredge.com. There, we gathered the depreciation data for seven luxury or high-end car brands in the United States.

We took the seven brands mentioned in the image below for a reason. We feel it’s only fair to compare BMW to these brands. All these brands deliver the kind of the same experience (a high-end experience and performance). Comparing a BMW to a Honda or Kia wouldn’t be fair since these brands serve entirely different customers.

What we found in our research is that BMWs do indeed depreciate faster than other luxury car brands. In the first year, BMWs, on average, lose around 23% of their value. More than the 12 – 20% of other car brands lose (although Porsche also loses 23%).

After five years, a BMW generally has lost 45% of its value. Other car brands have lost 39 – 47% of their value, which means BMWs have around the same depreciation after five years compared to their competitors.

However, after five years, BMWs start to depreciate quicker than most other car brands. For example, a BMW has lost 76% of its value after ten years. On the other hand, the other car brands have ‘only’ lost 67 – 72% of their value. Lincoln is the only car brand that performed worse; these cars have lost 79% of their value at this point.

So, as a whole, we would say that BMWs do indeed depreciate quicker in the first year than other luxury car brands. The depreciation is almost the same at the five-year mark among all researched car brands. However, after five years, BMWs do indeed depreciate slightly quicker again, leaving them with less residual value than other luxury car brands at the end of their lifespan.

Also read: This Is Where BMW And MINI Are Made

Depreciation Of BMW Models

However, that doesn’t tell the whole story. Of course, within the BMW group, there are different models. Some of these models depreciate a lot faster than others. Therefore, we took 15 of the most sold BMW models and compared their depreciation over ten years.

In the first year, the 2-series, 4-series, and 7-series depreciate a lot faster than other BMWs. These models lose 25%, 26%, and 27% of their value in the first year. On the other hand, the 3-series, X3, and X7 depreciate a lot less than other BMWs, with a loss of 19%, 19%, and 15% of their value.

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After five years, the 7-series and the Z4 perform the worst. They have lost 52% and 54% of their value, respectively. On the other hand, the M2, X3, and X7 outperform the other BMWs since they have only lost 39%, 39%, and 33% of their value.

After ten years, the 7-series, M5, and X5 are the worst performers. They have lost 83%, 83%, and 81% of their value. On the other hand, the 2-series, M2, and Z4 are the best performers and have ‘only’ lost 68%, 60%, and 69% of their value.

Why Do BMW Depreciate So Quickly?

Now that we’ve established that BMWs do indeed depreciate faster than other car brands (and we know which models specifically have a hard time), it’s time to show why BMWs depreciate faster. Luckily, we’ve already done a bunch of research on BMWs. Therefore, we believe there are three main reasons why BMW tend to lose their value faster than other cars in the United States.

Some BMW Don’t Last That Long

In this blog, we’ve already written extensively about the lifespan of 17 BMWs and how many miles you can expect to put on the odometer before they give out.

We learned that, on average, BMWs tend to last between 180,000 – 210,000 miles. In general, that certainly isn’t an alarming number. However, some cars perform much better, and others perform much worse.

For example, the X4, X2, 2-Series, and 4-Series are the least reliable BMWs with a maximum of 80,000 – 140,000 miles. Then there are the 1-series, X1, 6-series, Z4, X6, and 4-series that all reach a mileage of 140,000 – 180,000, which also isn’t that great.

The only BMWs that did well in this test were the Z3, 3-Series, 5-Series, X5, X3, and 7-Series, which lasted between 180,000 – 260,000 miles (especially the 3-, and 5-series tend to cross the 250,000 miles mark).

Did you know that the BMW 5-series is our top pick for car owners that want a BMW? Check out the article here: Which BMW Series Is Best (And Should You Get It?)

Some Are Very Unreliable

Besides mileage, we also had a thorough look at other reliability factors of BMWs in this blog post.

We learned that BMWs have the lowest reliability rating (2.5 / 5) compared to 26 other car brands in the United States. Furthermore, BMWs have to go to the garage for unexpected maintenance around one time per year, and when doing so, there’s a 15% chance of your car having a severe problem. All these numbers are much higher than average.

Most Of Them Cost Very Much In Maintenance

Finally, we learned in this blog post that BMWs are much, much more expensive to maintain than other car brands. BMW performed the worst out of all the car brands sold in the United States. On average, you have to spend $968 per year on a BMW to keep it on the road. That’s much higher than the $646 average. It even performs worse than Mercedes-Benz and Lincoln.

Not only that, but we also saw that the Z3 and 3-series have the lowest annual maintenance cost, whereas the X6 and the 4-series perform horrendously. Again, check out the articles we’ve mentioned if you want to know more about this.

Should You Get A Used BMW?

By default, there’s nothing wrong with wanting a BMW. However, as you know by now, you have to make a sensible decision when deciding what BMW you want to buy specifically. Yes, BMW can offer good value for their money. But picking the models with the shortest lifespan or the highest maintenance costs can prove to be a financially questionable decision.

If you’re want to buy a used BMW, we highly advise you to go with a second-hand 3-series or 5-series. There are several reasons for this. First of all, 3-series and 5-series have proven to have a much longer lifespan than other BMWs. These cars have been shown to reach 250,000 miles repeatedly, which means you can enjoy them for longer (and get more value for the money).

Furthermore, 3-series and 5-series hold the top two and three spot on the list of BMW with the lowest maintenance costs. Per year, you can expect to pay $773 for a 3-series and $825 for a 5-series. This is much lower than, for example, a 4-series which costs $1,229 per year in maintenance.

Finally, the low maintenance cost and the longer lifespan indicate that these series have fewer problems than other BMWs, which means you’ll spend less unexpected time at a garage. In other words, they’re less of a pain than other BMWs.

Sources

• https://caredge.com/depreciation