BMW - buy, lease, or used?

[Anonymous]

I’ve never owned a BMW, but want one. What is the value sweet spot - buy new, lease, or buy certified pre-owned or used? Trying to balance new car promotions, depreciation, and longer-term maintenance and repairs. For those of you who have owned these cars, what’s your thoughts?

[jsteele]

Which model and EV or ICE? I currently own three BMWs and previously owned another. For ICE, certified pre-owned is often the sweet spot. For EVs, leases look good right now. Maintenance on an out-of-warranty BMW can be quite an adventure. I have a 2007 3 series that I have to budget a couple of thousand a year to keep running.

[Anonymous]

Sweet spot is a Non-CPO BMW off a three year lease. They come with bumper to bumper 4 year warranty and maint.

Got rid of a lot of depreciation. You dont need CPO as still under factor warranty. Plus free maint first 12 months.

I bought a three year old BMW sold by BMW leasing corp directly to a buddies non BMW car dealership. I had same rights as if I bought a BMW dealer ship

[Anonymous]

They depreciate a lot, like other cars with a reputation for being somewhat unreliable (deserved or not) and costly to fix. I would not want to take the hit on the depreciation so would buy it after that has occurred.

[Anonymous]

BMWs in general are reliable and very well rated by Consumer Reports, but they are expensive to maintain and repair. Just be aware of that when balancing the cost savings of a used vehicle against one with a warranty, whether that's a new vehicle warranty or a warranty offered for a certified used car.

[Anonymous]

The lease deals on the EVs are crazy right now, if that's what you're looking for. I love my iX.

[Anonymous]

following. currently looking at x3 used/lease vs model Y lease.

[Anonymous]

Don’t buy used if it’s older than 5 years or has more than 75k miles. BMW’s don’t have the same level of quality/long term durability they did a generation ago. They should now be regarded as “disposable” after 100k miles. And the resale market on recent older ones is beginning to bear that out.

[Anonymous]

Anonymous wrote:Sweet spot is a Non-CPO BMW off a three year lease. They come with bumper to bumper 4 year warranty and maint.

Got rid of a lot of depreciation. You dont need CPO as still under factor warranty. Plus free maint first 12 months.

I bought a three year old BMW sold by BMW leasing corp directly to a buddies non BMW car dealership. I had same rights as if I bought a BMW dealer ship

but what happens after year 4? most buy a used car and keep it for a lot longer than one year.

[Anonymous]

Anonymous wrote:Don’t buy used if it’s older than 5 years or has more than 75k miles. BMW’s don’t have the same level of quality/long term durability they did a generation ago. They should now be regarded as “disposable” after 100k miles. And the resale market on recent older ones is beginning to bear that out.

Not true. They last indefinitely if maintained properly. That is, admittedly, expensive to do.

Read the letters in the tech help column in the BMW Car Club magazine - many high mileage vehicles are discussed, and it would be extremely rare for one to be dismissed as unsalvageable - it just take skill and $ to keep them running, like most cars. They are not going to just fall apart structurally over time. Neither will all their parts last forever, which is true for every brand.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sweet spot is a Non-CPO BMW off a three year lease. They come with bumper to bumper 4 year warranty and maint.

Got rid of a lot of depreciation. You dont need CPO as still under factor warranty. Plus free maint first 12 months.

I bought a three year old BMW sold by BMW leasing corp directly to a buddies non BMW car dealership. I had same rights as if I bought a BMW dealer ship

but what happens after year 4? most buy a used car and keep it for a lot longer than one year.

Wrote in another post that I'm looking at CPO. Most cars have about one year of factory warranty left and I'm paying another $3.5 K for an extended warranty that gets me to 7 years, 75,000 miles for peace of mind.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sweet spot is a Non-CPO BMW off a three year lease. They come with bumper to bumper 4 year warranty and maint.

Got rid of a lot of depreciation. You dont need CPO as still under factor warranty. Plus free maint first 12 months.

I bought a three year old BMW sold by BMW leasing corp directly to a buddies non BMW car dealership. I had same rights as if I bought a BMW dealer ship

but what happens after year 4? most buy a used car and keep it for a lot longer than one year.

Wrote in another post that I'm looking at CPO. Most cars have about one year of factory warranty left and I'm paying another $3.5 K for an extended warranty that gets me to 7 years, 75,000 miles for peace of mind.

That's expensive, but could turn out to be worth it if you experience a problem with a covered component. Be aware that even wear and tear items which may not be covered can be expensive, as is routine service. But the cars are usually comfortable, handle well, and are safe, which has value, too.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sweet spot is a Non-CPO BMW off a three year lease. They come with bumper to bumper 4 year warranty and maint.

Got rid of a lot of depreciation. You dont need CPO as still under factor warranty. Plus free maint first 12 months.

I bought a three year old BMW sold by BMW leasing corp directly to a buddies non BMW car dealership. I had same rights as if I bought a BMW dealer ship

but what happens after year 4? most buy a used car and keep it for a lot longer than one year.

Wrote in another post that I'm looking at CPO. Most cars have about one year of factory warranty left and I'm paying another $3.5 K for an extended warranty that gets me to 7 years, 75,000 miles for peace of mind.

That's expensive, but could turn out to be worth it if you experience a problem with a covered component. Be aware that even wear and tear items which may not be covered can be expensive, as is routine service. But the cars are usually comfortable, handle well, and are safe, which has value, too.

Test drove a Mazda, Honda, and BMW. No comparison, the BMW rode like it is in rails. Every car is a compromise.