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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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#132 of 411
Re: BMWs [Mr_Shiftright] by andre1969
Jan 08, 2009 (9:26 am)
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Replying to: Mr_Shiftright (Jan 08, 2009 8:37 am)

However, his maintenance and repair bills these ten years must easily add up to over $30,000.
 
Wow, that's a crazy amount of money to blow on maintenance/repairs over the first 10 years of a car's life! FWIW, my Intrepid has run me about $30K over the course of the 9 years I've had it. But then that total includes the purchase cost of the car!
 
What would that 750i have cost new? About $80-90K?
 
Too blue for my blood but hey, if you can afford it, why not?
#133 of 411
Re: BMWs [andre1969] by Mr_Shiftright HOST
Jan 08, 2009 (9:32 am)
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Replying to: andre1969 (Jan 08, 2009 9:26 am)

Yeah I think in 1998 the 750 sold for about $80,000.
 
Today it is worth less than $10K
 
so if you include depreciation, the car has cost perhaps $100,000 in ten years for 100K miles, so about $1 a mile. That's about par for high end cars. A Ferrari would cost easily $1.50 a mile to drive if not more.
#134 of 411
Re: GMPatriot [gmpatriot] by lemko
Jan 08, 2009 (1:41 pm)
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Replying to: gmpatriot (Jan 07, 2009 4:15 pm)

AMEN, BROTHER!!!
#135 of 411
I had once considered... by lemko
Jan 08, 2009 (1:44 pm)
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...a very high-mileage 1986 Mercedes 420SEL for only $1,500. I'm pretty sure it would've financially killed me as I'd have poured a lot of money into it just to meet my standards as a beater car.
#136 of 411
Re: I had once considered... [lemko] by lokki
Jan 08, 2009 (2:36 pm)
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Replying to: lemko (Jan 08, 2009 1:44 pm)

One of my favorite curses is to say:
 
I hope someone gives you a free 1956 Cadillac that needs 'just a little work'.
 
If I'm really mad, I change it to Jaguar!
#137 of 411
Re: I had once considered... [lokki] by Mr_Shiftright HOST
Jan 08, 2009 (2:41 pm)
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Replying to: lokki (Jan 08, 2009 2:36 pm)

Like my friend the Jaguar mechanic used to say to all his XJ6 customers who just bought in:
 
"You will have very good days with this car, and you will have very bad days with this car".
#138 of 411
Re: I had once considered... [Mr_Shiftright] by oregonboy
Jan 08, 2009 (3:39 pm)
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Replying to: Mr_Shiftright (Jan 08, 2009 2:41 pm)

About ten years ago, a co-worker bought a very attractive used XJ6; dark green with beautiful wood and leather interior. He brought it in to work and was gushing about what a great deal it was.
 
One of the more knowledgeable "admirers" quipped, "You may have bought it cheap, but you have only just begun to pay for it".
#139 of 411
Re: I had once considered... [oregonboy] by Mr_Shiftright HOST
Jan 08, 2009 (3:55 pm)
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Replying to: oregonboy (Jan 08, 2009 3:39 pm)

Sad to say, it will probably bring him to his knees; but maybe he'll get some use out of it before it breaks down. Depends on how the previous owner lavished his money on it. I had one of these briefly, bought it for $2500, but only because the previous owner showed me $18,000 in repair bills. It actually ran fine for me for the 3 months I had it, even though it did stink of gasoline the whole time (leaking injector lines, a common complaint, and a nasty job to repair) and one of the two gas saddle tanks was disconnected (they rust and leak as well), and again, a tough repair--you have to remove the back bumper, back splash, trunk interior and various other components to fish it out. I never bothered. Got bored with it and sold it for what I paid. I wasn't going to sink more money into it just to "look rich for cheap". (or not so cheap as it turns out). I sold it locally but never saw it again.
#140 of 411
Re: I had once considered... [Mr_Shiftright] by oregonboy
Jan 08, 2009 (9:16 pm)
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Replying to: Mr_Shiftright (Jan 08, 2009 3:55 pm)

Well, this was ten years ago, and it did not come to a happy end. There was a series of issues, only one of which comes readily to mind. I recall him telling of (yet another) breakdown, trying to minimize the problem. "But it was only an little fire", he insisted.
#141 of 411
Re: I had once considered... [Mr_Shiftright] by andre1969
Jan 09, 2009 (3:51 am)
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Replying to: Mr_Shiftright (Jan 08, 2009 3:55 pm)

Those Jag saddle tanks always scared me. Aren't they actually inside the trunk? If so, that must make for a scary proposition when they do leak.
 
I always wondered why they didn't just put one single tank under the trunk. Unless, because of the shape of the car, maybe that would make the trunk itself too shallow to be useful? Nowadays, if a RWD car has IRS, they put the tank under the back seat, just like in FWD. Wonder why they didn't do that with the Jag? Unless again, there just wasn't that much room under there?

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