Why are Used BMWs So CHEAP?

There are many hidden costs with used BMWs! So although they look cheap, they might not be cheap for you if you're looking at buying a used BMW. There are reasons they are cheap, including depreciation, maintenance costs, ownership costs, and just BMW problems that will hit you.

So if you're looking at a used BMW and considering buying that used BMW, then you'll want to understand why the price is much lower than you'd expect.

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[backtoshallabal]

imagine some random dude just roasting your car in a parking lot and filming it lmao.

[Hyads]

To be fair… this video sums up any luxury vehicle brand. If a car costs 100k to buy new, then its a 100k car that needs 100k type of servicing. Just because you paid 10k, doesn’t make it a 10k car. It’s still a 100k car.

[MarkovianMan]

Usually it's not the cost of the parts that is prohibitive, it's the cost of labor. When the warranty runs out, find a reputable independent BWM repair shop (I found one that was started by former service technicians from a local BMW dealership, so they're all certified, etc.). They were much less expensive on the labor + they don't nickle-and-dime on every little thing.

[billfunk]

I have owned BMWs for 41 years now. I really hate to see them use so much plastic. Great video Mark !

[bonbonjovi]

I used to work at a used car dealership in Los Angeles. Used BMWs and Mercedez were usually purchased by people with bad credit. Many of them were repoed because whoever bought it could keep up with car payments when the expensive repair bill came up. We had a 2003 (I think) 7 Series BMW that we sold for about 5k and the dealer made almost 18k profit on it because it got repoed so many times and sold again.

[chrislim]

If you're paying $400-$500 for an oil change on your BMW you deserve to pay $400-$500 for an oil change on your BMW LOL

[dennisv]

My Toyota Camry 1998 has 296K miles and still running smoothly. Oil change is $40

[betsyroberts]

I have a 2018 X3 M40i, bought at 3 yrs old (lease turn in). After my warranty ran out, I was so lucky to find a garage near me that works on German cars. They're honest and reasonable - my oil change cost $135. So when I decide to get another car I'm planning to get another BMW. This is my 2nd one and I love it.

[carlgriffith]

My last BMW was great during the warranty period, then the cash drain began. By the time I had 150, 000 miles on it I had already spent nearly 40% of the acquisition cost in repairs. I am sure it would have continued to skyrocket. I sold it with about 151, 000 miles on it. No one turned a wench on it but BMW, all repairs documented, garage kept and I got back 5% of what I had paid for it new, yep, 95% depreciation. That was my last BMW, never again.

[mr.darknight]

I have also noticed that some just look at the price tag of a bmw, Mercedes etc and think “I can buy it”, but fails to count in the high maintenance costs that u have to pay in order to keep them work and be reliable. So when they realize it, they often cheap out and buy 3th party parts and then when they fail they blame the car, and then they sell it, and the next buyer will buy it and the loop continues.
If u take care of the car as scheduled and keep up with the maintenance they wont break down as much.

[indotube]

BMW = BREAK MY WALLET .. 😅😅😅🤣🤣🤣🤣

[pbczzqs]

I have a 2005 Honda Accord with 250, 000 miles (400, 000 km) on it. Until last month I have never done anything other than scheduled maintenance on it. Last month, after 18 years, I had to replace the A/C condenser. I'm not complaining!

From what I hear and read, German cars for all their alleged performance and technology seem to be money pits. I think I can afford them but who want to be visiting the repair shop on a regular basis? I'm probably going to stick with Honda or Toyota forever.

[larryzeldin]

A lot of people lease these cars with crazy monthly payments thinking they can afford it but reality hits when they don’t even have money to put gas in it. I know a few people like that. Some leased brand new with the monthly payment and insurance taking up half their salary. Others bought used bmw’s with their life savings and don’t even put full coverage insurance on it cause “save a few bucks, nothing will happen” mentality. Flood happens or they get hit by a non insured driver or the car keeps breaking but they can’t keep up cause they don’t have any savings…. A lot of people fake it till they make it but most don’t make it and end up losing a lot of everything over a car.

[cliffvictoria]

Good video. You point out several of the BMW issues. Same could be said for Mercedes. Some of the German cars are loaded with 70+ computers. We all know how long computers last and they are expensive to replace.

[petrolheadforever]

I gotta say, your thumbnails are very good, gets me every time, but your content is always entertaining! Look forward to your videos 👍

[Straightarrow]

I have a 2016 Mercedes-Benz C 300. Thank God I have some knowledge of how to fix my own things. I do my own oil changes filters, air filters, spark plugs changed them out once my car reached a 50.000 mile mark. I also always check my fluids and make sure everything’s up to tiptop. I also change my oil every 3 to 4 months.

[greenflame]

My wife got a used X2 and we were at the dealership waiting for them to detail it, etc. So we were sitting in the service waiting area and another customer was sitting within earshot. His service rep came over with a clipboard talking about an oil change costing like $500 U.S. but since it was an older model it qualified for a legacy discount that cut the price in half. The customer was so excited to pay $250+ for an oil change.

I went home and found the procedure and got the low profile oil filter wrench, new filter element and some Castrol European spec 5W-30 and I'm all in for under $50.

Edit: We also got the extended service contract for repairs.

[FDW-xcgu]

I had a seven series, the best thing I did with it was to sell it. 😊

[xvsj-sx]

Spectacular review Mark enjoy your channel and car knowledge ✌️🤍❤️🤍 🇨🇦

[PLATINUMU]

My 750i has had many repairs “preventative maintenance “ but I will admit. It’s never let me down. Once my extended warranty gets depleted I will be replacing it with a used Lexus GS or maybe a used 2022 760i. They drive fantastic honestly