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Making a bad choice in a used BMW, how bad will it be?

[486] said:
but it rides like shit
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It’s been a while since I was a Caddy tech and at the time I drove a STI so my perspective may have been skewed but I never thought they rode like shit. The other caddies rode too sloppy, imho.
 
My dad bought a 2 year old 760 Li years ago with 30k miles on it. He owned it 6 years and put another 30k miles on it. In that time it needed 2 sets of headlights, headlight computers, water cooled alternator, some sensor for stability control in steering column, 2 batteries, and then around 50-55k miles the trans started acting up. He drove it (in 3rd gear) to local Jeep dealership and was happy to get $9k in trade for it on a new grand Cherokee for his wife (which she is still driving 150k miles later). Fvck those cars

Edit: he says that car cost him $2/mile in ownership
 
this should be here

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Trying to steer her to 440 or 540 so I can do the 600hp package :smokin:

She definitely wants a 840 GC though.
 
Lexus LS is probably the large luxury sedan least likely to bankrupt you after the warranty runs out.

Gun to my head, I gotta buy something German- I’d buy an s class Benz over a 750 or a8.

But modern bimmers are meant to be leased, not owned.
 
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You’ll mitigate risks by getting the 6 cylinder.

That said the 7 series is the fastest depreciating vehicle ever made and sold. No way I’d ever buy one. And I drive old range rovers.

They are amazing highway cruisers though.
 
Kyle said:
You’ll mitigate risks by getting the 6 cylinder.

That said the 7 series is the fastest depreciating vehicle ever made and sold. No way I’d ever buy one. And I drive old range rovers.

They are amazing highway cruisers though.
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After test driving the one we did I instantly felt like it was a 5 year old Rolls Royce level of shit to go wrong.

Our 326 never had any sort of problems that were specific to luxury car.
I'd like to reproduce that but in reality it will be under warranty for the 3 years we will own it so maybe it's a non issue regardless and might as well get the BMF V8. :confused:
 
CarterKraft said:
After test driving the one we did I instantly felt like it was a 5 year old Rolls Royce level of shit to go wrong.

Our 326 never had any sort of problems that were specific to luxury car.
I'd like to reproduce that but in reality it will be under warranty for the 3 years we will own it so maybe it's a non issue regardless and might as well get the BMF V8. :confused:
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Look at the 735/740 whatever one has the 6 cylinder
 
CarterKraft said:
I don't think so, seems more like the old 6 series really. We are looking at the GC 4 door anyway.
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Oh ok that's just a better looking/ more styled Mercedes CLS; which is a 4 door coupe roofline with a backseat headroom suitable for small children and pets.

would still suggest you look at the benz

edit: and a new lexus IS 500 f sport lease would probably be similar cost of ownership over 2-3 yrs. a GS-F might fit too and thats limited production so a little extra inflation resistant.

I arrive at that lease assumption because if you buy it CPO 2 yrs old for $60 ish +++ dealer shit, it probably depreciates ~$1k/month over the next 2 yrs/ 20k miles (based on looking at one 4 yrs old with 30k miles), unless the election goes bad in which case that'll be 1.5-2x worse. and that's just the deprecation cost before maintenance, consumables and loan interest and/or opportunity cost of funds.
 
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Penetrode Offroad said:
How many gate projects are you budgeting for maintenance? :flipoff2:
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That's why I made the thread to limit the total :flipoff2:

As per usual with a IBB thread, everyone is a complete financial savant and although they have millions in the bank, barely have to work and can buy anything their heart desires they shit on anyone who likes to enjoy the fruits of their labor...
 
CarterKraft said:
That's why I made the thread to limit the total :flipoff2:

As per usual with a IBB thread, everyone is a complete financial savant and although they have millions in the bank, barely have to work and can buy anything their heart desires they shit on anyone who likes to enjoy the fruits of their labor...
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uuuu, yeah.

That is pretty much everyone here :homer:
 
CarterKraft said:
As per usual with a IBB thread, everyone is a complete financial savant and although they have millions in the bank, barely have to work and can buy anything their heart desires they shit on anyone who likes to enjoy the fruits of their labor...
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It shouldn't come as a surprise; You asked if it's a bad idea, {ostensibly because your gut told you it was a pretty bad idea} and general consensus of the replies are affirming that yes it's an utterly terrible idea from a practicality standpoint.:laughing:

If you get your rocks off lighting thousand dollar bills on fire, then big body Bimmer ownership before it's depreciated below 20% of it's MSRP is definitely your thing,

The first owners of these rapidly depreciating assets lease them because a lease is a 100% write off for business. The guys buying them after the lease turn in just get a pile of money lit on fire if they don't pass their hot-potato off in time.

I'm just one of the poors, but my job entails analyzing and deconstructing the financial statements where this is evidenced.
 
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