Used Luxury Car Review: BMW Pros and Cons
BMW, a brand renowned for luxury and performance, achieved remarkable sales success by surpassing 2.4 million cars sold in 2022, a testament to its enduring popularity. However, the question lingers: is buying a used BMW a wise investment? Let's delve into the key pros and cons of BMW ownership to help you make an informed decision.
Quality of Engines and Transmission (Pro)
One of the standout attributes of owning a BMW is the reliability of its key components, namely the engine and transmission. BMW's commitment to engineering excellence ensures that these vital parts can handle high horsepower and torque demands with ease. This means you can hit the road with confidence, knowing that your BMW's powertrain is built to endure. Furthermore, BMW's reputation for competitive fuel economy and low CO2 emissions makes it an appealing choice for both city and freeway driving.
Quality of Interior (Pro)
When you invest in a luxury car like a BMW, you rightfully expect elite comfort and interior quality. BMW consistently delivers in this regard, setting the standard for superb cabin design. Regardless of whether you're purchasing a brand-new BMW or a used one with a few miles on the odometer, you can count on experiencing a sense of opulence. The use of high-quality materials ensures that even an older BMW retains its expensive and luxurious look and feel.
Foreign Car Manufacturer (Con)
It's important to recognize that BMWs are German automobiles, and while this is a testament to their engineering prowess, it also comes with some considerations. Owning a foreign car entails specialty repair and maintenance, which can incur higher costs over time. Repairs on a BMW tend to be pricier compared to domestic vehicles. However, the investment is justified by the exceptional engineering, which leads to extended longevity and impressive performance.
Less Depreciation Per Year (Pro)
New cars, as a rule, experience rapid depreciation, losing a significant portion of their value in the first few years. On average, a new car can lose up to 60% of its total value over the first five years. This depreciation trend works in favor of those buying a 5-6-year-old BMW. By opting for a used BMW, you can potentially pay close to half the price of a new one. From a financial perspective, buying used makes sound economic sense and allows you to enjoy the luxury of a BMW at a more affordable price point.
High Ownership Costs (Con)
Owning a BMW comes with higher-than-average ownership costs. Premium gasoline, high-end tires, imported parts, and specialized labor contribute to the overall expenses. Additionally, BMWs typically require synthetic oil changes, which further elevate maintenance costs. The presence of intricate electronics in BMW vehicles also means that repairs may involve extra labor and expensive components. While the ownership experience is undeniably premium, it's essential to factor in these additional expenses when considering a used BMW.
Bottom Line on BMW Pros and Cons
In conclusion, owning a BMW comes with its share of advantages and drawbacks. Whether you're eyeing a brand-new model or a used one, the BMW experience promises luxury, performance, and a certain level of prestige. However, it's crucial to weigh the pros and cons carefully to ensure that a BMW aligns with your expectations and budget. If you desire a luxury car without paying the full sticker price, a used BMW presents an enticing option. For those seeking a used BMW in Portland, exploring the inventory of the ultimate driving machine may lead to discovering the perfect BMW to fulfill your automotive aspirations.
