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Buying Luxury used cars

411 messages,  Last post on Jul 13, 2009 at 10:22 AM

You are in the Classic Cars Forum. Your Host is mr_shiftright

What is this discussion about? Classic Cars, Coupe, Convertible, Truck, Sedan, Wagon


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#13 of 411
Re: Costly Parts and Components [fintail] by Mr_Shiftright HOST
Dec 28, 2008 (11:04 am)
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Replying to: fintail (Dec 28, 2008 10:46 am)

Also $1000 for headlights for an old Audi is no fun.(includes outer lenses).
#14 of 411
Re: Costly Parts and Components [Mr_Shiftright] by fintail
Dec 28, 2008 (11:36 am)
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Replying to: Mr_Shiftright (Dec 28, 2008 11:04 am)

That's crazy...I can get OEM Bosch Euro assemblies for virtually any old MB for a bit less than that, and decent aftermarket ones for far less.
#15 of 411
. by fintail
Dec 28, 2008 (3:32 pm)
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Speaking of used lux, here's some depreciation...maybe a little miled up for my tastes, but that's a decent price. This economy is destroying the residuals of highline cars.
#16 of 411
Re: . [fintail] by Mr_Shiftright HOST
Dec 28, 2008 (4:38 pm)
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Replying to: fintail (Dec 28, 2008 3:32 pm)

Look at the mileage though. That's a huge deduct. Think of how scary it's going to be to fix this car out of warranty AFTER you've paid $30K for it. You can gobble up $3,000-$5,000 in one repair order, no problem, on these cars if some sophisticated system goes awry.
 
Just for instance, on this particular car:
 
Alternator = $1170 + 2.2 labor = (in california) + tax = $1, 560. 00
 
Starter: $525 + 1.2 labor = $729
 
Stability Control Module: $1,190 + .5 hr = $1, 355.00
 
Radiator: $488 + coolant + 2.6 hr labor = $986.00
#17 of 411
Buying Luxury Used Cars [fintail] (Mr_Shiftright) by hpmctorque
Dec 28, 2008 (4:57 pm)
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With repair expenses like that, my guess is that the majority of people who buy these used cars have little idea about what they're getting into. How could it be otherwise? The economics of owning such a car just make no sense. And with the number of complex electronic features increasing yearly, It'll only get worse. Of course, this recession will sober up some would-be buyers.
 
I wish Mercedes, BMW and Audi would each offer one model in North America with fewer electronic features (call it the Mercedes E350DR, for deep recession...I guess now you know why I haven't been extended an offer to be Marketing Manager for Daimler Benz NA).
#18 of 411
Re: Buying Luxury Used Cars [fintail] (Mr_Shiftright) [hpmctorque] by texases
Dec 28, 2008 (6:13 pm)
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Replying to: hpmctorque (Dec 28, 2008 4:57 pm)

"I wish Mercedes, BMW and Audi would each offer one model in North America with fewer electronic features"
 
My wish has always been for a 530i without idrive, sunroof, etc...but then where would BMW make all its money
#19 of 411
Re: . [Mr_Shiftright] by fintail
Dec 28, 2008 (6:35 pm)
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Replying to: Mr_Shiftright (Dec 28, 2008 4:38 pm)

Those components are pretty durable on those cars. If anything is going to go, it is the Active Body Control, or maybe some computer related engine sensors. The ABC is probably 5K in itself. One should spend the 3-4K for a warranty on one of those, even if everything has been gone over with a fine tooth comb. Dangerous, but attractive...it'll sell pretty quickly I bet. And keep it away from the dealer.
 
The 2000-2002 models are much riskier.
#20 of 411
Re: Buying Luxury Used Cars [fintail] (Mr_Shiftright) [hpmctorque] by fintail
Dec 28, 2008 (6:39 pm)
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Replying to: hpmctorque (Dec 28, 2008 4:57 pm)

Imagine a roll down window normal suspended tex-upholstered manual-option E-class, with diesels too. The same for the C. Less profit margins, but volume can sometimes compensate for that.
#21 of 411
Re: . [fintail] by Mr_Shiftright HOST
Dec 28, 2008 (7:05 pm)
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Replying to: fintail (Dec 28, 2008 6:35 pm)

Let's face it---if you have an unlikely but possible major electronic screw-up on a car like that, you can just throw it away.
 
complex high end luxury cars of the 21st century will be......
 
I PREDICT!!
 
"The very first cars to be totalled by insurance companies strictly for electronic failures".
#22 of 411
#19 of 21 Re: Buying Luxury Used Cars (fintail) by hpmctorque
Dec 28, 2008 (7:58 pm)
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I wouldn't choose the Active Body Control option, so its reliability wouldn't be an issue for me. In fact, I'm not sure I'd want it even if it were free. To me, it's overkill. How do you feel about this, fintail, and others?
 
Am I in the minority in thinking that simplicity is a virtue?
 
What I value most in German luxury cars are the driving dynamics, the ride, the feel and, to an extent, the interior and exterior syling (particularly in Audi and Mercedes).

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