How Long Can They Last?
This luxury brand can last as long as all other cars on the road, an average of around 250,000 miles, if they are properly maintained.
It is not uncommon for certain models and series to hit the 400,000 mark, however, it's the e30 series, and they aren't much to look at.
Many owners claim their vehicle runs great at 300,000 miles, the same as it did when they first purchased it.
The drawback with imports, especially luxury cars, comes with the bill.
It costs more to operate a BMW; to order parts, and to have it worked on.
This contributes to the reasons why certain BMW series have higher depreciation rates than other cars, or even other models of BMWS for that matter.
We can safely say, if your budget allows for proper maintenance and prompt attention to any issues that arise, a BMW is a solid option in the luxury department.
It's not unheard of for a new BMW to hit 100,000 miles before needing any serious work done.
So, take care of this one, drive it like you love it, and it will likely prove to be a dependable choice for many years to come.
Do They Hold Their Value?
Like before, there’s no definitive answer that would pertain to every car that BMW manufactures, especially without knowing the details and statistics for your model.
The cars can and do hold value up to a certain point, then it depreciates significantly.
Compared to the value of a Mazda, or Honda, it would be plausible to ask for a higher amount of money if you’re trying to sell a BMW.
Take into consideration that over time, the Honda costs less to work on (labor cost), and needs maintenance less often.
Luxury cars can depreciate quickly, mostly due to the higher cost of owning and operating them.
BMW topped the list for vehicles that lose value the quickest, claiming the number one and number two spots, respectively. BMWs are often considered highmileage when they reach 100,000 on the odometer.
For this reason, (among others), you can expect a lower offer if you decide to trade the car in instead of participating in a private sale.
These cars, when sold privately, will give you a better return than any trade-in offer.
If the mileage is under 100,000 and the car has been well-kept, expect an even bigger amount.
People today are loyal to the brand, and many will become BMW enthusiasts as they age and get behind the wheel.
While it is true that most models will depreciate quickly, it is certain that all models will depreciate at some point.
Keep an eye out for anything you can improve to increase the value, and remain patient while waiting for your car to sell. (Chances are, it will sell quickly.)
BMWs that look great and drive rarely sit for a long time.
This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.
© 2021 Bri Smith