Buying a used BMW- smart or not?

Thread Tools
 
Search this Thread
 
Old Feb 25, 2008 | 01:10 PM
  #1  
Greg-ster's Avatar
Thread Starter
Racer
 
Joined: Mar 2005
Posts: 250
Likes: 0
From: NYC
Buying a used BMW- smart or not?

I was looking at possibly buying a used previous gen (e46) 3 series, or maybe a previous gen 5 series for a secondary daily driver. I'm just a bit worried about reliability issues with a BMW that's a few years old and out of warranty.

Do you guys think I am thinking about this too much? I've got around 16,000 to spend, so what do you recommend I do?

Thanks!
Reply
Old Feb 25, 2008 | 01:17 PM
  #2  
AZuser's Avatar
_
15 Year Member
Liked
Loved
Community Favorite
 
Joined: Nov 2006
Posts: 19,344
Likes: 3,440
If it's out of warranty, make sure you can afford the repairs down the road first.
Reply
Old Feb 25, 2008 | 01:33 PM
  #3  
RaviNJCLs's Avatar
Team Owner
20 Year Member
Liked
Loved
Community Favorite
iTrader: (4)
 
Joined: Mar 2004
Posts: 37,141
Likes: 624
From: Landisville, PA
For that price range I suspect you will be buying a lot of issues.
Reply
Old Feb 25, 2008 | 01:47 PM
  #4  
Moog-Type-S's Avatar
The sizzle in the Steak
 
Joined: Nov 2001
Posts: 71,436
Likes: 1,877
From: Southern California
For 16k....don't by a BMW...by a Honda/Acura
Reply
Old Feb 25, 2008 | 02:19 PM
  #5  
GIBSON6594's Avatar
My Garage
 
Joined: Nov 2004
Posts: 13,386
Likes: 11
From: NY
Just seems odd, you're 20, live in NYC and want a secondary daily driver, but only have 16K to spend on it? What is your primary, weekend car? How much driving do you do? Why do you need a BMW?
Reply
Old Feb 25, 2008 | 02:20 PM
  #6  
JediMindTricks's Avatar
What Would Don Draper Do?
 
Joined: Jan 2005
Posts: 22,223
Likes: 1
From: Houston
Originally Posted by GIBSON6594
Just seems odd, you're 20, live in NYC and want a secondary daily driver, but only have 16K to spend on it? What is your primary, weekend car? How much driving do you do? Why do you need a BMW?
Reply
Old Feb 25, 2008 | 02:22 PM
  #7  
Fossil_TL's Avatar
Racer
 
Joined: Jan 2005
Posts: 451
Likes: 0
From: West Hartford, CT
I dont know but Bimmer are not reliable. I'm looking for a previous gen E46 coupe or convertible myself in the price range of $20000 or some change.
Reply
Old Feb 25, 2008 | 03:10 PM
  #8  
FiveLiterCheater's Avatar
Suzuka Master
 
Joined: Aug 2006
Posts: 6,030
Likes: 4
If its out of warrenty or doesn't come with an extended warrenty I wouldn't touch it with a 10 foot pole. Thats one of the main reasons I didn't get an E46 M3...all the decently priced ones just finished their warrenty and I didn't feel like spending all my money to keep the thing running. A couple of my close friends have bimmers, and I can tell you, the dealership is like their second home unfortuneatly. Same with our old 740...that thing was at the dealership every other month for the oddest things...
Reply
Old Feb 25, 2008 | 03:22 PM
  #9  
Crazy Bimmer's Avatar
Senior Moderator
 
Joined: Jan 2001
Posts: 34,937
Likes: 638
From: Chicago Burbs
Might want to ask e46 owners about their experiences. Would get a better idea than hearing 2nd hand stories.

www.e46fanatics.com
Reply
Old Feb 25, 2008 | 03:32 PM
  #10  
260 HP's Avatar
Three Wheelin'
iTrader: (3)
 
Joined: Oct 2000
Posts: 1,363
Likes: 2
From: Socal
I think BMW E46 (outside of M3) are the most reliable of all BMWs. If you got $16k, you should be able to get an 03 325i, nicely equipped with around 50-60k miles. Drive it for 2 years and you shouldn't have that many issues.

Obviously, BMW isn't a Honda, but it isn't as bad as a lot of people think. And again, 3 series are generally very reliable.

JJaber06, you're maybe half right about BMW. 740i and E46 M3, as well as E39 M5, usually want more attention, but regular 3- and 5-series are pretty reliable.

Fossil_TL, if you have a $20k budget, you can get an 05 325i with about 30k on the odo. In fact, I saw an 05 325i auto with Sport Premium Package with 28k and $19.9k asking price at a local used car dealership.
Reply
Old Feb 25, 2008 | 04:01 PM
  #11  
FutureBagdA4's Avatar
Burning Brakes
 
Joined: Jan 2002
Posts: 755
Likes: 0
From: Irvine, CA
My GFs '03 325i has been NOTHING but problems! That car has around 56,000 miles on it and has had everything go wrong...
Reply
Old Feb 25, 2008 | 05:00 PM
  #12  
shooter's Avatar
Acuras Only in
 
Joined: Apr 2000
Posts: 1,788
Likes: 0
From: San Jose, CA
Why bother yourself with loads of potential problems that might come after the warrenty is out?

Get a Honda/Toyota ....
Reply
Old Feb 25, 2008 | 05:16 PM
  #13  
Saintor's Avatar
Banned
 
Joined: Feb 2001
Posts: 2,905
Likes: 124
From: MTL, Canada
If 250$ a month for repairs is within your reach...
Reply
Old Feb 25, 2008 | 05:20 PM
  #14  
Greg-ster's Avatar
Thread Starter
Racer
 
Joined: Mar 2005
Posts: 250
Likes: 0
From: NYC
Originally Posted by GIBSON6594
Just seems odd, you're 20, live in NYC and want a secondary daily driver, but only have 16K to spend on it? What is your primary, weekend car? How much driving do you do? Why do you need a BMW?
Well, I just changed colleges and I go to school in Georgia right now...so I need a car to get around down here.

My parents thought it may be nice to get me a nice car because of my new school, and my birthday, so they brought up the BMW subject. They were willing to spend about 20-22k on a car, but I thought that was a bit too much to spend on another car, so I suggested that we only spend around 17,000.

The thought about getting a Honda/Acura product is probably a much better idea - lots of weird things go wrong with BMW's once they get old (according to bimmerfest).

I'll look into the TSX or the TL...sounds like a much better idea

So with 20k to spend, would you guys be interested in a used Bimmer?
Reply
Old Feb 25, 2008 | 05:22 PM
  #15  
Greg-ster's Avatar
Thread Starter
Racer
 
Joined: Mar 2005
Posts: 250
Likes: 0
From: NYC
Originally Posted by Saintor
If 250$ a month for repairs is within your reach...
Yikes...i'll have to maintain the car out of my own pocket, so that's definately a no


I really didn't realize that there were so many additional expenses i'd have to think about.

Thanks for the heads up
Reply
Old Feb 25, 2008 | 05:26 PM
  #16  
mclarenf3387's Avatar
Suzuka Master
 
Joined: Feb 2004
Posts: 8,620
Likes: 7
From: Charlotte
If you think owning a BMW is gonna be like owning a Civic, you're in for a rude awakening. But E46s are hardly what I would call unreliable.
Reply
Old Feb 25, 2008 | 05:44 PM
  #17  
JediMindTricks's Avatar
What Would Don Draper Do?
 
Joined: Jan 2005
Posts: 22,223
Likes: 1
From: Houston
Originally Posted by Greg-ster
So with 20k to spend, would you guys be interested in a used Bimmer?


if i was in your shoes, i'd take the 20k, buy a civic/accord in the $10k region, invest the rest so i can use that towards buying a house after college.
Reply
Old Feb 25, 2008 | 05:48 PM
  #18  
FiveLiterCheater's Avatar
Suzuka Master
 
Joined: Aug 2006
Posts: 6,030
Likes: 4
You can get a 6MT TSX for around that price now I bet...
Reply
Old Feb 25, 2008 | 06:10 PM
  #19  
stright-(paint)balling's Avatar
socialism= the suck
 
Joined: Aug 2007
Posts: 3,023
Likes: 0
Originally Posted by Greg-ster
I was looking at possibly buying a used previous gen (e46) 3 series, or maybe a previous gen 5 series for a secondary daily driver. I'm just a bit worried about reliability issues with a BMW that's a few years old and out of warranty.

Do you guys think I am thinking about this too much? I've got around 16,000 to spend, so what do you recommend I do?

Thanks!
get a new Scion Tc comes with a full factory 3yr warrenty.
Reply
Old Feb 25, 2008 | 06:15 PM
  #20  
FastAcura's Avatar
I
 
Joined: Nov 2004
Posts: 3,865
Likes: 58
From: Chicago Suburbs
I got a 330Ci last year (38K miles at the time) and it has been much more reliable than the 2001 Acura CL Type S I got in 2004. I have not had ANY issues so far (up to 62K miles.) Any car will be only as good as you treat it. I bought it from a private seller who did all the maintnance at the dealership.
Reply
Old Feb 25, 2008 | 08:02 PM
  #21  
charliemike's Avatar
Fahrvergnügen'd
 
Joined: Mar 2001
Posts: 13,494
Likes: 1,569
From: Maryland
Originally Posted by JediMindTricks


if i was in your shoes, i'd take the 20k, buy a civic/accord in the $10k region, invest the rest so i can use that towards buying a house after college.
I dunno man, you think you can fit many dead hookers in the trunk of a civic?

House buying is overrated these days. Rent FTMFW.
Reply
Old Feb 25, 2008 | 10:12 PM
  #22  
Will Y.'s Avatar
Registered but harmless
20 Year Member
 
Joined: Aug 2005
Posts: 14,889
Likes: 1,164
From: Los Angeles, CA
Originally Posted by charliemike
I dunno man, you think you can fit many dead hookers in the trunk of a civic?
That's what chainsaws are for...sheesh....

But given that the BMW guys are saying "no" on the $16-20K BMW and OP doesn't want to put up $250/mo ($3000/year) for maintenance, the Honda Civic, Accord, TSX, Scion tC, Corolla, Matrix, Mazda 3, etc. are all better choices.

I am going to look at a new 335i in a couple months though.
Reply
Old Feb 25, 2008 | 11:45 PM
  #23  
Trojanman750's Avatar
Pro
 
Joined: Feb 2006
Posts: 643
Likes: 0
From: east bay G
Originally Posted by JediMindTricks


if i was in your shoes, i'd take the 20k, buy a civic/accord in the $10k region, invest the rest so i can use that towards buying a house after college.

word. i wanted a flashy car for college. all it got me was alot of speeding tickets and door dings, not to mention replacement clutches, parts, etc, not easy for a college student/part time.


i sold my car and bought a 93 infiniti for 2 grand, i use that to drive around town and to school. im probably going to upgrade to something a little nicer too, but in the meantime all my money is sitting in the bank earning nice interest.

you can find a decent used accord or camry for 10-15k easily, throw the rest in the bank and buy yourself a new TV or just live off it. (i bought a HD TV )
Reply
Old Feb 25, 2008 | 11:49 PM
  #24  
Soccer_playa1579's Avatar
Burning Brakes
 
Joined: Jul 2007
Posts: 908
Likes: 0
with that money just get a used s2k =)...
Reply
Old Feb 26, 2008 | 04:50 AM
  #25  
03bl AC k CL's Avatar
Oh Hullow
 
Joined: Jun 2006
Posts: 1,990
Likes: 14
From: Freehold, NJ
03 maxima ftw... and save yourself about 7-8 grand.
Reply
Old Feb 26, 2008 | 02:43 PM
  #26  
carguyrob's Avatar
Racer
 
Joined: Mar 2005
Posts: 405
Likes: 0
From: Streamwood, IL
With respect to the previous 5-series...be very afraid! My brother had a '01 540i and a couple of my neighbors had other 2000-03 5-series vehicles. It used to crack me up how many problems they would have...burned out tail and headlights nearly every month, power window motors, alternators, wipers, sunroof motors, cup holders (break off all the time), CD players, etc. It seems that the engines are solid, but everything else constantly breaks.

Near the end of ownership, my brother stopped fixing everything on the 540i and would just publish a monthly list of all the things that were breaking and wrong with his car. He seriously was able to add new things to the list each and every month. And that was a 540i with 95K miles on it. Incedently, he bought that car a year old with 14K miles on it...
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
navtool.com
Sponsored Sales & Group Buys
87
Jan 23, 2016 01:25 PM
navtool.com
3G MDX (2014-2020)
32
Jan 20, 2016 11:43 AM
navtool.com
5G TLX Audio, Bluetooth, Electronics & Navigation
31
Nov 16, 2015 08:30 PM
ExcelerateRep
4G TL Performance Parts & Modifications
8
Oct 14, 2015 08:20 AM
navtool.com
1G RDX Audio, Bluetooth, Electronics & Navigation
1
Sep 25, 2015 05:15 PM




All times are GMT -5. The time now is 07:48 PM.