Are you looking for a new car in the market? If so, you can save a little money by purchasing a car at an affordable rate. Getting a new car is a crucial financial decision, so when you’re planning for a luxurious car, BMW may come first on the list.

However, BMWs are quite expensive and may be out of your budget. Whereas, used BMWs come at a cheaper price and are widely available. But many people might wonder why are used BMWs so affordable?

Here are the reasons behind used BMWs being so cheap and what you need to consider while buying one. Let’s get into details.

Maintenance and Repairing Cost

BMW is known for its high maintenance and repair. Its maintenance includes tire rotations, engine oil, oil filter, break pads, replacing the damaged parts, etc. Whereas, if any part fails to work properly or breaks unexpectedly, it needs repair.

Now, new BMWs have various latest features, advanced sensors and comforts that provide a smoother driving experience. So, while you are purchasing a used one, it might be mildly expensive to maintain. In fact, sometimes the repair cost can be more than the car’s original value. When that’s the case, you can opt for selling the car and getting cash for your BMW in whichever condition it’s in. There’re many buyers who will buy the used BMW at a cheaper rate.

Lease Returns of used BMWs

One of the main reasons BMWs are so affordable is the easy lease returns. The price of cars typically drop when the supply is huge but no demand in the market. If you book a new BMW, you can check that they offer a good lease deal on all models. But do you know what happens after these cars are leased and returned at the end of the term?

BMW lease returns are generally sent for auctions or sold as certified pre-owned (CPO) cars to the car dealerships. Once their dealer lots are full of CPO cars, the prices of the cars fall quickly at the dealership level as well as for private sellers too. When you’re selling the car as a car dealer, you need to price it according to the present market rate to earn a profit.

Huge incentives on new cars

Another reason used BMWs are so cheap is due to some hard competitions from the new car sales. It’s because BMW sellers receive huge incentives from the manufacturer. Therefore, BMW lease deals are that good so buyers can choose a new car instead of a used car. In short, rather than spending $600 each month on a four-year-old BMW, it is easier to invest $399 each month for a brand new BMW on lease.

So, while the incentives make new car purchasing more tempting, it results in a decrease in the rate for used cars to attract buyers.

Residual value

Knowing the residual value of an old used car can be helpful while planning to buy a car. The residual value is simply the percentage of the manufacturer’s real value that a car holds after ownership.

If the residual value of a specific model of used BMW is lower than another used BMW, it hints that there are problems that have affected the specific model. Additionally, the residual value also depends on the demand for a specific car, providing insights into how quickly you can sell it later.

On average, BMW’s residual value is 24% after 10 years which is far lower than the 28% to 35% residual value of other branded cars. Used BMWs are cheap because their life spans are short and have more issues than other cars leading to higher maintenance costs. So, since the depreciation is such low for used BMWs, it becomes affordable for car enthusiasts who can’t afford brand new models.

Model availability

When you wish to buy a used BMW, it gives you the benefit of the model year availability. When the older models are classified as outdated, their model years become widely available and the new model years are declared.

However, older BMW models are still luxurious and include the required features. For example, if you buy an old 2015 BMW 328, you’ll still get an LCD touchscreen, surround sound system, satellite radio, voice-activated radio and many more. So, being able to choose an older model year not only saves you money but also gives you access to the latest features.

Expensive to own

The final reason that a used BMW offers a low cost is that they are quite expensive to own.  When it comes to maintaining a BMW, the cost can be around a hundred or even thousands of dollars sometimes. Consequently, it drives away the car shoppers from getting a new vehicle, so the selling price gets lower.

About Post Author

Marcus M.

http://www.bmwcoop.com

The post Why Are Used BMWs So Affordable? appeared first on BMWCoop | BMW Blog, BMW News, BMW Reviews.

BMW is known worldwide for its excellence in automotive engineering and for manufacturing one of the best luxury cars that money can buy. Having said that, a BMW can cost a fortune if you intend to buy one new, but what is stopping you from getting your hands on a pre-owned BMW? These cars are very reliable and can last a lifetime if they are looked after correctly. If you can find a used BMW that is in perfect working condition, then waste no time purchasing it.

Safety

Modern cars are all about passenger safety, and BMW believes that to be of utmost importance. The BMW X5, for example, recently scored highest on a safety test conducted by the IIHS setting the goal for other manufacturers. However, it is not just structural safety but driver-assist features that play a significant role in BMW’s safety philosophy. Hill Assist, lane departure warning system, adaptive cruise control, and parking sensors, etc. have all added to the idea of safety in the modern automotive world.

Performance

When it comes to performance, there are only a few competitors that stand against BMW. The German auto manufacturing giant has had a budding presence in the motorsport world and that has allowed it to transfer technology and experience into their machines that rule the streets. The 2017 BMW X5 is a prime example of a vehicle that embodies performance and luxury.

Spare Parts Availability

BMW has a global presence with a big fleet of vehicles that they sell worldwide. If you are looking to buy a used BMW, you won’t have to worry about repairs or searching for spare parts in some other corner of the world. Parts are easily available, and the local mechanics have had enough experience working with BMW cars that fixing them is no issue either.

Why a BMW is a good idea?

A BMW for sale is hard to find as these vehicles are practically very long-lasting. The people who sell them do so because they want to upgrade to a newer model. In any case, you are the beneficiary. It is not easy to find a used BMW X5, a used BMW 4 Series, or a BMW 3 series for sale, so if you see an advertisement you should capitalize it as soon as possible.

Furthermore, BMWs are great at withholding value. They do not depreciate as quickly as vehicles from other brands. You can keep them with you and sell them later at practically the same price that you bought them for.

Conclusion

BMW is one of the finest German automotive brands out there. If there is any company you want to trust in terms of performance, luxury, and safety, it is BMW.

About Post Author

Marcus M.

http://www.bmwcoop.com

The post How To Buy a Used BMW appeared first on BMWCoop | BMW Blog, BMW News, BMW Reviews.

Want to enter the luxury car market, but don’t have a budget quite big enough to buy the latest model? No one needs to tell you that BMW, one of the best-known names in luxury driving, offers options that are chic, sleek, stylish, and comfortable, and buying used doesn’t change the badge. It’s a smart way to get behind the wheel of one of the planet’s highest praised vehicles without breaking the bank. But what’s the best year and model you can find preowned from Bavaria’s best?

There is a BMW for just about every type of driver, from X-series SUVs to fast, sporty coupes, but most drivers looking to enter the luxury car market should probably first look at 3 series sedans. The 2009 E90 BMW 3 Series sedan was Car and Driver’s first pick in the luxury sports sedan market when it initially came out, and in retrospect, the fifth generation sedan from 2006 to 2011 remains one of the best value pre-owned vehicles you can get. It was described as seductive, with great handling, smooth driving, and the six-cylinder engine was described in words that were practically sensual.

Buying a used luxury car can sometimes feel like buying a vintage wine – every year has its own qualities, a unique set of pros and cons, things to watch out for, and features you will love. According to Autoguide, the most reliable engines you can find in a used E90 are the 2006 325i and 330i, or any naturally aspirated engine used in this model. They provide better reliability in an engine class that has been known to require a little bit of extra work, and it still delivers the handling and performance that bring Bimmer fans back to the brand vehicle after vehicle.

The BMW 3 series does need a bit of maintenance, and owners have reported nuisance issues like rattling as well as problems with fuel pumps. When you’re buying a used used BMW sedan online, don’t be afraid to look around, take test drives, ask questions, and make sure you’re getting a quality used car.

There’s some great advice out there on how to inspect a used car before you purchase; start by getting an Actron scanner, which connects to just about any car made since 1996. They can be affordably purchased for as low at $40 in some cases and let you check for trouble codes and drive cycle monitors.

You should also check for oil leaks, looking at the underside (especially the transmission, to make sure it’s dry and not leaking), and check for any wobble in the tires. For the right price, you may also want to look into buying your own replacement BMW parts online, such as new wheels and tires. You can also tell that a car has suffered body damage in the past if the hood doesn’t align perfectly, or if the door seams are mismatched.

Third-party sites online should be your first destination for used BMWs, as sites like Kijiji collect used car deals from both dealers and individual owners. You no longer have to go from dealer to dealer looking for used cars, as they’ve realized that most of their customers go to third parties first. Using the cars section on Kijiji can save you time and stress when you’re looking for a used BMW Sedan. Remember, the smartest way to look for a preowned vehicle is to be thorough from start to finish.

The post Used BMW 3 Series Delivers Top Luxury Sedan Value appeared first on BMWCoop | BMW Blog, BMW News, BMW Reviews.