plan to buy a used 840 and keep for a year

[JYSC]

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!

[MJBO]

Originally Posted by JYSC

Does these numbers make sense?

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.

[tturedraider]

Originally Posted by MJBO

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.

+1!!! Buy a low mileage example, 40k miles like you said, and keep it at least a few years. BMWs will ruin you. Even if you buy the car with the intention of only having it a year the odds are high you will not want to part with it after a year.

$14,000 for one year makes absolutely zero sense.

[OnlyGerman]

“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.

[BlkGS]

I think your depreciation estimate is low first of all. That said, you're buying the wrong engine for that car, which is gonna hurt resale even more. Get an 850i.

All said, $14k for a year is a lot, but you could spend that money easily on a lot of hobbies. Golf, fishing, women, dugs, travel, whatever. So if it's gonna make you happy, go for it man. I'd just buy a V8 car with a bit lower mileage and keep it low mile.