Last post on Feb 17, 2013 at 11:00 AM
You are in the BMW 7-Series
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BMW 7 Series, Electrical, Engine, Sedan
#692 of 831 Help me analyze the options here
Jun 24, 2009 (10:25 pm)
Guys - I am looking at a 2006 750Li CPO with 26K miles. The CPO expires 2yrs after the OEM warranty by EO 2011. Now there is another car dealer out in CA (the one with 26K miles is instate) selling a 2007 750Li with about 30K miles. Price delte is about $1.4K (2007 more than 2006 ofcourse). Featurewise they seem to be fairly similar. But 2006 has a financing incentive versus 2007, which will run regular used car financing rates.
Question is - which one is a better buy? I know this is a personal preference but the instate car warranty expires EO 2011 and the one on the car in CA expires March 2013. Is it worth pursuing the out of state car? The out of state car will run about 3-4K more - considering more taxes and higher interest rate (2006 CPO is at 3.9%)..
Looking for some recommendations here. I have seen a lot of mixed messages on 750Li long term reliability. Any pointers?
Is there such a thing as BMW warranty beyong 6yrs 100,000?
#693 of 831 Re: Help me analyze the options here [pfreak76]
by MrShift@Edmunds HOST
Jun 25, 2009 (8:35 am)
Shoot, you could run up a $4000 bill on a 750iL with a snap of your fingers. Presuming the CA dealer is reputable and that you can view the car personally, I''d go with the car with the longer warranty. You never EVER want to be in a 750iL without warranty coverage of some sort. By 2013, you may want to buy another one anyway, so you'll be transitioning from one warranty to another....or, if the 750 you bought turned out to be a very well-behaved example, you can keep it after 2013 with some confidence.
#694 of 831 Re: Help me analyze the options here [Mr_Shiftright]
Jun 25, 2009 (9:28 am)
Thank you for the response:
So the warranty should be the first criteria then?
The CA cars have comparable mileage - ~30K. I do plan to keep this car long and usage is going to be limited to about 600-800 miles a month. The 2006 with 27K miles (whose warranty expires end of 2011) is driven about the same miles - ~9k/year.
The 2007 used car financing rates are at about 6.79%. Its almost as if they're charging you for stuff that will break, in advance. In comparison the 2006 is at a 3.9%.
Is there no warranty after the CPO expires? Or am I just too hopeful?
#695 of 831 Re: Help me analyze the options here [pfreak76]
Jun 25, 2009 (9:58 am)
I guess the real question is that should we expect a lot of issues for the 1 year coverage that the 2007 car provides. Because once that one year is elapsed, that car is going to cost a bunch of $$ too..right?
#697 of 831 Re: Help me analyze the options here [pfreak76]
by MrShift@Edmunds HOST
Jun 25, 2009 (11:26 am)
Based on what you said about the 2007 having a CPO warranty good to 2013, and given the prices of the two cars, the 2007 seems like a better deal all around. I think the 2006 is overpriced by at least another $5000.
You can bargain hard on a 7 series right now.
#698 of 831 Re: Help me analyze the options here [Mr_Shiftright]
Jul 02, 2009 (12:22 am)
Okay - I am going to checkout the 2007 I mentioned above. Thanks for all the tips so far.
BTW - is the 750Li really as bad as some people refer to? I see sharply contrasting responses from people. It seems like some peope have had no issues, while others see frequent transmission/engine problems. I wonder why this car would have so many more issues compared to a high end 5-series with the same engine? I know electrical complexity is higher due to iDrive and in general rule of thumb is that the more complex system you develop poorer the reliability expected, since you now have more parts that could potentially fail.
I know that the 2002 745's had major issues - a friend told me that he owned it and had issues. But I also hear BMW fixed these in upcoming models.
Since you're the expert, it would be great to hear your perspective.
#699 of 831 Re: Help me analyze the options here [pfreak76]
by MrShift@Edmunds HOST
Jul 02, 2009 (7:08 am)
I hate to blanket a car with a bad reputation, because things change year to year.
What I can say with assurance is that earlier 750s have been problem-ridden and sometimes make it to the "worst used cars" lists. Part of this came from the V-12 engine, which now of course is a 760 option, not a 750 option.
How much of all the earlier issues BMW has squared away by 2007, I have no idea. The reliability ratings for the newer cars seem quite improved--but there are still issues.
People "love" them because they are GREAT cars to drive, not necessarily because they are dead-reliable or cheap to own. Also depreciation rates are higher than normal.
#700 of 831 1998 BMW 740li stalls intermittently
Jul 02, 2009 (8:30 pm)
My 1998 BMW 740il has 198k miles on it, and will stall intermittently. You never know when it will happen. Could be when I start it,and it acts like it's flooded, could happen at a stop light or when I'm driving it. When I restart it, I have to rev it up. But never dies totally when it is being driven. The mechanic thought it needed a new crankshaft sensor, but that hasn't helped. Otherwise, it runs great. I would appreciate any ideas. Thanks in advance.
#701 of 831 Re: Help me analyze the options here [Mr_Shiftright]
Jul 05, 2009 (9:35 am)
Would you know how much a maintainence plan would run to cover the BMW 750Li, past the 4yrs/50K miles? I talked to a dealer and he was offering it for 3K and I thought that sounded excessive.
I have heard different numbers... When is it best to buy the maintainence plan? The car I am looking at has 18K miles left on it and about 20months of the original warranty, after which the extended warranty kicks in (valid through 2013).