Thanks for all these replies. I have few things in my mind -
1) Assuming everything is fair (no accidents, valid odo reading etc.) what else should I check for. I am not sure if getting this checked from a street <i>mistri</i> will be helpful but not sure. Is there a way we can check if the car has gone through an accident. Like some tempered seals which are very apparent and visible for a non-technical like me.
2) I spoke about maintenance costs to him and he said I should go for BMW Insurance which will cover everything. Again, I am not sure how effective that is and may be some existing owners will be able to share their experiences on that matter.
3) Overall if German cars are reliable? From what I have read and what I understand, that is like ultimate engineering so I would assume they will be quite reliable. Unless of course I smash the car somewhere.
4) I currently have two SX4s and one Zen and needless to say, Marutis are dirt cheap to maintain and reliability if top notch. I am sure BMW will not be cheap to maintain but if is not reliable either, I don't want to end up in a mess
5) The guy also said that an average service cost (after 10 to 15K run) is around 15-18K. Is that true?
My annual run is not more than 10-12K and that is why I don't mind petrol. Like I said, I was almost settled for XUV and mostly like it apart from few points in terms of over designing and then of course the experience in Mahindra Dealership and workshops. However, charm of owning a BMW is suppressing everything and has left me confused.
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Originally Posted by bigron i am getting 2008 model accords the new shape for 8. Now i am sure the comfort level in the accord is better than the bmw specially the rear and also the maintainence and service would be far more pocket friendly .Decisions decisions. |
I agree but somehow I am not able to resist owning a german car.. may be the snob value factor! I like Accord but still.
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Originally Posted by the VTEC guy Even though I am not in the market for such a car with such a budget I have been looking at such deals on Carwale.com. There are some very interesting options available. Mouthwatering in many cases. As many have pointed out be pepared for costly maintenance down the line. In case of BMW there may be some cars with extended warranty coverage still valid. These will be best bet. Even if mechanicals are covered under warranty small accidents will be costly affair as the new replacement parts won't come at depreciated cost like the car itself. Plus cars above 3/5 years old will not have zero depreciation on insurance.
So ultimately if the offer looks good be prepared to spend another 30% of cars price for maintenance over next 2-3 years. |
Thanks. I will check for finer details of insurance.
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Originally Posted by Harbir just be careful of the miles. lots of fraud about, including by official dealers. |
Really? How does that work? Meter Tampering? I thought BMW iDrive keeps a detailed history about it which I would be able to check. Is that true?
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Originally Posted by RS_DEL Assume for the sake of a comparison that the 535i in the current BMW line up is the closest to the 530i, to get as close to an apples to apples comparison, as is possible. You are looking at a capital cost of 58Lacs or so ex-showroom for the new vs the 20Lac you have been quoted for the used. The price of the new is without registration & insurance. Add that and you are in the regions of 65Lacs or so.
Now the specimen you have seen , assuming it in as satisfactory a condition as is possible given it's vintage, the capital outlay is a third or so of the capital outlay on the new one.
Compute the earnings you can manage on the saved capital outlay. If the earnings are adequate enough for you to cover the upkeep bills and you are really keen to opt for a BMW and are not put off by the inconvenience of maintaining a used car, you have your decision.
Yes the point being made by the others that you will need to make substantial maintenance outlays is valid but is that a deterrent enough, that is all you have to mull over. |
Well like, Avisidhu said, I was not really in market for 5 Series. I actually went to check new 3 series and liked it. That much I can afford probably but somehow I was not able to convince myself for spending close to 35L on a car.
Let us see..
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Originally Posted by saketa I was in the same boat as you a couple of months back. I had a budget of 25L and was looking at well maintained pre owned 5s. But somehow I hardly found too many great cars. And those which did look well maintained were not covered by BSI so it just seemed too much of a gamble. The word "expensive" simply does not describe the full extent of pain/expenditure one might incur if you break a headlamp/mess up the tranmission. From what I know of the new 5, transmission breakdowns could set you back by 6-7L easy! Another person on this forum had to cough up close to 45k for a wiper stalk ! |
45K for wiper stalk!! holy cow! I am comparing that with what I pay in my SX4 Maintenance. I think that is total amount I have paid in 5 years
Thanks for the insights though. I think I am prepared for around 30-40K per year towards maintenance but well. I will read more ownership threads today and see what users are seeing. Also, will check for BSI package and what it will cover.
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Originally Posted by mmmjgm IF the car is under the BSI (BMW Service Inclusive) it should be a good deal, if not walk away. Under BSI every thing is possibly covered, you may even add/upgrade the BSI package, the dealer will be happy to update the BSI package if its within warranty and service records are clean.
Even if the odo is tampered, BSI will give you 100% peace of mind since depending on the coverage possibly everything except for brake pads (this is an auto hence no clutch, lucky you)is covered. Of course tyres are not covered.
Within a family we have bought a BMW 330i which was driven by one of the company officials, it was a steal plus the BSI coverage was thrown in free. Don't ask how it was free. :-)
BEst of luck with the Beemer. |
Will cross check about BSI today and post more details here.
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Originally Posted by FlyinLow That's just 1-2 lakhs lesser than the going rate for the petrol beemers. I suggest you run through the car history as well as the insurance history. What's also a good idea, is to run a background check on the owner. Viz. Driven by owner/ driver / businessman / college kid , if he has more than a few cars, etc etc. It'll give you an idea about how the car may have been driven.
Secondly, if you could hunt for a 2009 or later model as that comes with a newer drive. Don't let the running cost hamper your decision to own a nice car. I agree it may be a bit but then you are already paying one-third to own it. Let the first owner take the bigger hit of the depreciation . Beware of test drive vehicles and those sold by authorised dealers since they would make the car only as good as its sell-worthy . All the best, let us know your decision. |
Thanks. I will definitely check for the history and other details. The guy is supposed to email me history and insurance records along with some pics. I will post it here as I receive those.
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