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Today, 01:59 AM | #1 |
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plan to buy a used 840 and keep for a year
Hello from a new comer!
Recently I couldn't resist my urge to own a 8 series and I am browsing through the 2nd hand market. I want to run some numbers and ideas with folks here to see if I missed anything. I can find some 840 with 40k miles range with price of $44k-$50k, which fit my budget. I probably won't own the car for a long time, the idea of high cost of maintenance scares me. I just want to drive it for fun for a year and sell it. I will probably put at most 6000 miles on it. Let's say I bought a car for $46k, and if I can sell it for $38k, then my total cost of 1 year ownership would be: $2k insurance, $3.7k tax (8% rate), and $8k ($46k-$38k) price difference, this is total $13.7k. How much should I allocate for repairs and maintenance? Does these numbers make sense? Is there better way to do own a 8 series? Any suggestion is appreciated! Thanks! |
Today, 04:03 AM | #2 |
Lieutenant Colonel
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Posts Drives: 2023 G81 M3 Touring Join Date: May 2012
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Sorry, but I don’t think any of this makes sense.
In any case, and 840i isn’t really more complicated than other current BMWs, the B58 and ZF8 are solid reliable performers, and it doesn’t have fancy air suspension or anything like that. |
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Today, 04:24 AM | #3 | |
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Posts Drives: 2018 340i M Sport Join Date: Apr 2006
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Garage List 2018 BMW 340i M Sport [8.78]
2020 BMW M340i xDrive [9.00] 2018 BMW 340i M Sport [7.38] 2006 BMW 330i Sport [5.83] 2004 BMW 330i ZHP [7.13] 2000 BMW 328i [6.17] |
Quote:
$14,000 for one year makes absolutely zero sense.
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Westside Guy6809.50 |
Today, 08:33 AM | #4 |
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“the idea of high cost of maintenance scares me”
You shouldn’t be buying a BMW then and especially trying to time buying/selling. Not the car for you, especially if the 840i with a already reliable powertrain scares you. |
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