Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • stefano
    • By stefano 15th May 17, 5:47 PM
    • 933Posts
    • 96Thanks
    stefano
    Buying a second hand luxury car
    • #1
    • 15th May 17, 5:47 PM
    Buying a second hand luxury car 15th May 17 at 5:47 PM
    I am thinking of buying a second hand luxury car. A BMW 730. I saw it on eBay http://www.ebay.co.uk/itm/142378083143
    I don't know much about older cars, so I am unsure.
    I am open to suggestions as to whether I should go for it or stay away.
Page 2
    • caprikid1
    • By caprikid1 16th May 17, 11:45 AM
    • 478 Posts
    • 490 Thanks
    caprikid1
    Problem is people who want a 14 year old luxury car at 3.5k generally can't afford the average bills that come up.

    I looked at a 11k Boxter was very close o pulling the trigger till my uncle showed me the astronomical prices for services / brakes / clutches etc.

    You could buy it and run it for 2 years with no issues or you could get it and it need 2k of work in 5 months.

    Roll of the dice basically
    Originally posted by gycraig
    A friend of mine works for a Porsche engine specialist, its a difficult conversation telling someone their 7K boxters has done 7K of engine damage.
    • tykesi
    • By tykesi 16th May 17, 11:48 AM
    • 1,832 Posts
    • 2,538 Thanks
    tykesi
    Problem is people who want a 14 year old luxury car at 3.5k generally can't afford the average bills that come up.

    I looked at a 11k Boxter was very close o pulling the trigger till my uncle showed me the astronomical prices for services / brakes / clutches etc.

    You could buy it and run it for 2 years with no issues or you could get it and it need 2k of work in 5 months.

    Roll of the dice basically
    Originally posted by gycraig
    Exactly. I looked at Boxters a year ago and was surprised how cheap they can be to buy. I did the same and looked at the cost of parts/servicing

    Went with a Z4 instead.
    £2017 in 2017 - £5396.83
    • gycraig
    • By gycraig 16th May 17, 11:48 AM
    • 405 Posts
    • 289 Thanks
    gycraig
    A friend of mine works for a Porsche engine specialist, its a difficult conversation telling someone their 7K boxters has done 7K of engine damage.
    Originally posted by caprikid1
    Uncle basically sat me down and gave me a reality check saying a similair thing.

    I'd of ended up paying finance on a car that I would need to finance most major repairs for
    • Jackmydad
    • By Jackmydad 16th May 17, 12:42 PM
    • 1,104 Posts
    • 2,237 Thanks
    Jackmydad
    People who can afford to buy new luxury cars are the people who can afford to run them.
    Because they buy new they don't get the big mechanical bills of course.
    I remember being told by a colleague back in the early 80s about a chap he knew who ran an immaculate old-ish Rolls. He had it by choice, not because he couldn't afford new.
    He'd just taken it to Rolls for servicing, and it came back with a bill for over £1000 for work on the brakes. Around £5000 these days.
    • n217970
    • By n217970 16th May 17, 12:57 PM
    • 220 Posts
    • 155 Thanks
    n217970
    Something that is worth remembering when buying a car at the bottom end of its depriciation/life - the person who is selling it is likely doing so because they believe there is something wrong with it.
    • Mercdriver
    • By Mercdriver 16th May 17, 1:44 PM
    • 1,444 Posts
    • 971 Thanks
    Mercdriver
    I will buy it but for a bit less. If he can sell it for the asking price, he will.
    He would normally be my go to guy with regards to cars and motors. But I am seeking independent advice as he would probably be biased on the BMW.
    Originally posted by stefano
    So he's a motor trader selling as if he's not then? That's how that reads.

    It's not you by any chance that's selling it? It does smell a bit
    • stefano
    • By stefano 16th May 17, 7:24 PM
    • 933 Posts
    • 96 Thanks
    stefano
    It's not me selling. I am at a point where I fancy something big. My original short list was:
    Jag XF
    Mercedes-Benz S500
    BMW
    VW Phaeton
    I have been advised to stay well away from Mercedes-Benz.
    So the choice is narrowed down to 3. The BMW has come up, and he needs to sell as he will be getting a motor from Motability. But I understand the issues with big badge, big bills. I will wait a month or so and then, maybe I will go for it. The car has been remapped so it can do 45mpg, which I believe is not bad
    • ciderboy2009
    • By ciderboy2009 16th May 17, 7:49 PM
    • 299 Posts
    • 267 Thanks
    ciderboy2009
    ...he needs to sell as he will be getting a motor from Motability...
    Originally posted by stefano
    ... my licence is being removed for medical reasons...
    by from eBay Listing;
    Ok - I'm now convinced this is spam
    • stefano
    • By stefano 16th May 17, 7:55 PM
    • 933 Posts
    • 96 Thanks
    stefano
    I didn't know that was the case.
    However, I guess I was a bit vague in my OP.
    What kind of mileage can a BMW engine do before it goes wrong. Is 100K too much mileage for a diesel engine? Likewise for a gearbox, which I believe can be expensive too.
    • almillar
    • By almillar 17th May 17, 12:59 PM
    • 7,091 Posts
    • 2,851 Thanks
    almillar
    What kind of mileage can a BMW engine do before it goes wrong. Is 100K too much mileage for a diesel engine? Likewise for a gearbox, which I believe can be expensive too.
    Sounds like you're asking the forum for a guarantee this car won't go wrong. You're not gonna get that.
    If I told you that they start going wrong at precisely 99,595 miles would it put you off?
    Yes, if the engine goes wrong, it'll be expensive. Yes, if the gearbox goes wrong, it'll be expensive. Apply that to lots of the electronics and toys in this car, that other cars simply don't have.
    Have you looked at how much a tyre will cost for this car, for example?
    Assume that stuff WILL go wrong, and have a pot set aside for it.
    • bertiewhite
    • By bertiewhite 17th May 17, 1:05 PM
    • 711 Posts
    • 749 Thanks
    bertiewhite

    They are not at all respected in Japan AFAIK - I'm told the Japanese feel it is a brand image thing simply to boost Toyota sales in the US.
    Originally posted by Iceweasel
    Indeed - Luxury EXport for the US
    • lincroft1710
    • By lincroft1710 17th May 17, 3:17 PM
    • 9,928 Posts
    • 7,994 Thanks
    lincroft1710
    OP never said he needs a 7 series.

    I would rather do those miles in a 7 series than most other cars if I could justify the running costs.
    Originally posted by parking_question_chap
    So a 5 series or even 3 series wouldn't be suitable??
    • Clive Woody
    • By Clive Woody 17th May 17, 4:20 PM
    • 4,398 Posts
    • 5,009 Thanks
    Clive Woody
    So a 5 series or even 3 series wouldn't be suitable??
    Originally posted by lincroft1710
    They would be fine if he wanted to look like a sales rep.
    Rugby Union - The Greatest Game
    • lincroft1710
    • By lincroft1710 17th May 17, 4:28 PM
    • 9,928 Posts
    • 7,994 Thanks
    lincroft1710
    They would be fine if he wanted to look like a sales rep.
    Originally posted by Clive Woody
    I think you may have insulted a lot of 3 and 5 series owners!
    • kmb500
    • By kmb500 17th May 17, 4:32 PM
    • 401 Posts
    • 108 Thanks
    kmb500
    It's not me selling. I am at a point where I fancy something big. My original short list was:
    Jag XF
    Mercedes-Benz S500
    BMW
    VW Phaeton
    I have been advised to stay well away from Mercedes-Benz.
    So the choice is narrowed down to 3. The BMW has come up, and he needs to sell as he will be getting a motor from Motability. But I understand the issues with big badge, big bills. I will wait a month or so and then, maybe I will go for it. The car has been remapped so it can do 45mpg, which I believe is not bad
    Originally posted by stefano

    Phaeton! They're absolutely worthless, cheap as chips, they're amazingly luxurious, and they have a freaking W12 engine.


    Also I don't believe for a second that a 2003 7 series that weights approx. 8 tonnes does 45mpg.
    • Mercdriver
    • By Mercdriver 17th May 17, 4:35 PM
    • 1,444 Posts
    • 971 Thanks
    Mercdriver
    So a 5 series or even 3 series wouldn't be suitable??
    Originally posted by lincroft1710
    There are far more luxuries in a 7 series than either of the other two, just as there are more luxuries in an S class Mercedes than a C class. They tend to feed down the line. So you can buy an older 7 series that has features in it that don't enter a 3 series until 2 years later and on a higher trim level. A 730i SE will have more features than a 325i SE.
    • BeenThroughItAll
    • By BeenThroughItAll 17th May 17, 6:05 PM
    • 4,594 Posts
    • 4,007 Thanks
    BeenThroughItAll
    Phaeton! They're absolutely worthless, cheap as chips, they're amazingly luxurious, and they have a freaking W12 engine.


    Also I don't believe for a second that a 2003 7 series that weights approx. 8 tonnes does 45mpg.
    Originally posted by kmb500
    They do, my MD's 730d used to average mid 40s easily.
    • stefano
    • By stefano 17th May 17, 6:05 PM
    • 933 Posts
    • 96 Thanks
    stefano
    I did think about a 3 or 5 series, bit this 7 series has absolutely all the toys you may want.
    • MobileSaver
    • By MobileSaver 18th May 17, 9:18 AM
    • 1,285 Posts
    • 1,762 Thanks
    MobileSaver
    I had a couple of Toyotas - nice cars - but they cannot pretend to be luxury cars - even with a Lexus badge stuck on.
    Originally posted by Iceweasel
    What utter tosh! That old chestnut "it's really a Toyota" seems to be the favourite refrain of many who could never afford a Lexus and have certainly never driven one.

    I worked my way up from LS 400 to LS 430 to LS 460 and wish I could justify a new LS 600. On the downside, depreciation is not for the faint-hearted; the last one I paid £64k and now would probably be lucky to get £10k for it. On the upside it's never let me down (in complete contrast to the brand new Range Rover which turned out to be the worst and most unreliable car I've ever owned.)

    A 10 year old LS 460 has a 4.6L V8 that will surprise you with how quiet it is at low speed and amaze you when you put your foot down and the sheer power pushes you back into you seat; this is a two ton car that accelerates and handles like a sports car. A 10 year old car that has:

    - heated and cooling armchair seats,
    - double glazing,
    - fridge in the back,
    - 4 zone A/C,
    - 4 electric seats,
    - auto-cruise-control (brakes, accelerates and steers automatically [and you thought self-driving cars was something new! ]),
    - a pre-crash-system that prepares the car when it determines an accident is likely to happen,
    - all round parking sensors,
    - reversing camera,
    - self-parking,
    - voice control [you thought Amazon's Alexa was something new?],
    - self-closing doors,
    - smart key unlock and lock,
    - electronic suspension height adjust,
    - auto-wipers,
    - powered open and close boot,
    - 19 speaker sound system
    - and the only optional extra available... a heated steering wheel!

    Are you seriously suggesting that is not a luxury car?
    Last edited by MobileSaver; 18-05-2017 at 9:45 AM. Reason: formatting
    Respect to 3 of the greatest actors of all time; amazing people who are totally believable as the characters they play & almost single-handedly make the shows they starred in:

    Peter Dinklage as Tyrion Lannister in Game of Thrones
    Daniel J. Travanti as Frank Furillo in Hill Street Blues
    Claire Danes as Carrie Mathison in Homeland
    • harrys dad
    • By harrys dad 18th May 17, 9:49 AM
    • 1,835 Posts
    • 2,063 Thanks
    harrys dad
    There is an awful lot of work listed as having been done on the car, and bills are available to see. Have a look at the size of them, then decide if you want and can afford to take the risk.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,900Posts Today

8,127Users online

Martin's Twitter