Last post on Nov 23, 2010 at 11:15 PM
You are in the BMW 7-Series
What is this discussion about?
BMW 7 Series, Sedan
#133 of 171 Re: Used BMW 750i Luxury - Please Help [kspain]
Sep 03, 2008 (6:44 pm)
hmm. I am also like you considering getting a used 2006 750i
if you check ebay motors
you will see there are a big bunch of them .. and some are priced in the low 30s..
thats cheap, there were 75-80K and now 35K. they lost 40K in 3 years depreciation. wow !
I would say most of them are coming off 3 year leases. and have been sold to auctions.
while talking to a dealer, he suggested that best would be to get a car which has not run out of warranty and then buy 4 year 85 K or 100 K additional warranty.
I ran some quotes of warrantydirect.com and for a 49K 2006 car it came like 3000$.. not bad. as that will cover most of the big ticket item repairs
so , how would this deal be. we pick up a 750i for say 35K and add the warranty. and have peace of mind for next 4 years?
also what I want to know if some one can give me a approximate figure of the servicing required for a 2006 for the next 4 years. ONLY for routine maintenance.
taking it from 50K to 90K.
BRAKES 300-400 bucks a year ?. 2000 for 4 years.
60K servicing.-a dealer told me it cost 1600$
what else. say tires. 600-800 each 3 years?
90 K servicing. ? 2000 more
add another 1000 unforeseen ?
hence will it be . 7000 ballpark ?
thanks in advance.
#134 of 171 Re: Used BMW 750i Luxury - Please Help [jkutti2000]
Sep 04, 2008 (3:45 pm)
I'm driving 200 miles to look at a BMW 750i tomorrow. It's at a BMW dealership and has been fully inspected by them. It has 43K miles on it, and they are asking $35K. I'm going to get the extended warranty for $4,900 with a $0 deductible. This covers everything except for wear items. The contract is good for 4 years/100K miles. But I'm also going to buy a maintenance warranty for $1,800 which covers all wear items except for the tires and all service maintenance items. I know for brakes and rotors cost around $1,100. I'm not sure that if you buy a BMW from a private seller if you would be able to purchase the service (maintenance) warranty. You may want to check into it.
#135 of 171 Re: Used BMW 750i Luxury - Please Help [kspain]
Sep 04, 2008 (7:56 pm)
I too am looking at used 750's and am amazed at the relatively low prices. I would beware though of any other warranty other than a BMW CPO. However, the CPO has its limitations. It is only good for 6 years or 100,000 miles after date when it went into service.
Wouldn't the money-saving plan with the most BMW official warranty coverage be to buy an 06 750i , not the more expensive 750iL, with a entered into service date of say January, 06 and the CPO coverage? You'd get 3.5 more years of BMW warranty coverage.
On the other hand, I can't help but think that the economy isn't going to get any better and used 7 Series prices will take a hit this fall when a re-styled 7 Series makes its debut and the current 7 Series will no longer be the current style.
Finally, for anyone contemplating a 7 Series who lives in New England, we should factor in a complete set of winter tires and wheels. A package from the TireRack could easily hit $1500!
#136 of 171 Re: Used BMW 750i Luxury - Please Help [blckislandguy]
by Mr_Shiftright HOST
Sep 04, 2008 (8:15 pm)
If you buy a 7 Series, you have to accept a very high level of depreciation. It just comes with the beast, no matter what the year/model, good economy or bad.
#137 of 171 Re: Used BMW 750i Luxury - Please Help [blckislandguy]
Sep 05, 2008 (5:47 am)
Yes, I also thought of that. ie try to buy a late 2006 model.
but you see. the 81 cars or so you see on EBAY. ie. nationwide. the exodus of 750 2006 models which have come up. they are mostly. lease returns. and I have browsed thru most of them. they all are put into service july-Aug.2005 time frame. Hence if we want a jan -apr 2006 model. it will have to be from a private party or a lease breaker..
Also, the CPO warranty. ? I dont thinK see it on any lease returns. Why would a leaser be even offered CPO. hmm. I think it is some thing they can add only if the seller agency is a BMW dealer?
#138 of 171 press request
by kirstie_h HOST
Sep 08, 2008 (6:34 pm)
A large local newspaper would like to speak with consumers who currently own or had owned a BMW 7 Series since the 2002 model came out. The reporter wants to discuss topics such as the Bangle butt and the iDrive. If you are interested in speaking to the reporter, please respond to ctalatiedmunds.com with your daytime contact information no later than September 15.
#139 of 171 Re: Used BMW 750i Luxury - Please Help [jkutti2000]
Sep 11, 2008 (7:27 pm)
Good research. It makes sense that most leased cars would go into service very early-on in the model year to minimize the depreciation.
I wonder what it costs the BMW dealer to CPO a 7 Series? Maybe $1500 in paperwork with BMWNA plus whatever parts and labor is required? But since all BMWs come with free maintenacne you would expect that all the cars coming off lease would be up to snuff maintenance wise.
I think you can snag a fairly good low mileage 2006 750i or 750iL for 41K. Thats got to be a better deal than a new 5 Series for 50K.
#140 of 171 Re: Used BMW 750i Luxury - Please Help [blckislandguy]
Sep 12, 2008 (6:28 am)
i did not think about it from that perspective.. ie. that the cars have been dealer maintained.. some times they say that leased cars are not taken care of properly, but this wont be the case for BMW..
and yes, I agree a new 5 series. cost like 50s.
why settle for that, if u can get a 7 series. for 35K.. look on EBAY, I see 92 2006 750 cars listed... some of them in the 32 to 37K range..
one car dealer told me. make sure u buy a car which has less than 49999 miles. becuase u can still get addl warranty on it. easily. dont let the orig warranty lapse and then add another 4 year 100K warranty or some thing like that for 3-4K. additional.
one more suggestion. : how about getting a low mileage 2005 745i and getting the addl warranty for 4 yrs. 100K... but I dont see too many 745i on sale...
the 750is will be rolling. even more of them.. as they keep getting off lease...
#141 of 171 Re: Used BMW 750i Luxury - Please Help [jkutti2000]
Oct 21, 2008 (10:35 pm)
I am in the same situation as you, im purchaing a 750Li 2006.
Looks like you can pick one up CPO at a dealership for around 40k excluding TTL w/ 35k miles average.
To add to this, you get 1.9% APR w/ 2 months free payments!
BUT the problem is I can get the same car private party or 3rd party dealership for 35k!
NO CPO no ext warranty, no maintainence pkg.
What to do?
Anybody recommend 3rd party warranty companies? Do they honor their word?
Can I still purchase the maintainence plan 100k 6 years if I purchase from a 3rd party? (This is different then the CPO warranty). This covers oil changes, brakes, etc. ??
Does anybody have costs for me? What shoud I expect for maintainence plan? What is the cost for warranty plans?
#142 of 171 discussion about extended warranty
Sep 04, 2009 (4:21 pm)
I need to know if it is advisable to buy extended warranty on my 2006 750m LI. It has only 30000 miles and I do not drive that much. So can you let me know if I should consider buying the warranty or just take a chance. This is my first BMW. So I do not know if these cars are reliable. I would appreciate if you can let me know.