Why Are Used BMWs So Cheap? 5 Reasons Explained

TLDRUsed BMWs are cheaper now due to heavy depreciation, high cost of maintenance, and expensive repairs. New car market incentives and the use of plastic parts also contribute to lower prices.

Key insights

💰High depreciation and the high cost of maintenance make used BMWs cheaper.

🔧Expensive repairs, especially for parts made of plastic, contribute to lower prices.

🏦New car market incentives prioritize buying new cars, making used BMWs more affordable.

💡BMW's constant innovation leads to newer models with more features, reducing the demand for older models.

🔥Plastic parts used in newer BMWs have lower durability, leading to more issues and lower prices.

Q&A

Why are used BMWs cheaper than before?

Used BMWs are cheaper due to high depreciation, expensive maintenance, and repairs, as well as the introduction of new models with more features.

Are BMWs expensive to maintain?

Yes, BMWs are known for their high maintenance costs, including expensive oil services, charges for diagnostic tests, and costs of repairing plastic parts.

Do new car market incentives affect used BMW prices?

Yes, the incentives offered by the new car market, such as lower interest rates and better financing options, make buying new cars more attractive, leading to lower demand for used BMWs.

Why do newer BMW models have more issues?

Newer BMW models have more issues due to the use of plastic parts in the engine and other components, which can melt or break down over time.

What are the advantages of buying a used BMW?

The advantages of buying a used BMW include lower purchase price, access to higher-end models that may be unaffordable when new, and the potential to find well-maintained vehicles with lower mileage.

Timestamped Summary

00:00Used BMWs used to be cheap due to heavy depreciation, but prices are starting to level off.

00:23The cheapest used BMWs in the market include the X1, X2, and 2 Series cars.

00:54BMW's overall reliability has improved and is now on par with top brands like Toyota and Lexus.

02:25BMW's high maintenance costs, including expensive oil services and diagnostic fees, contribute to lower prices for used BMWs.

03:19The new car market incentivizes buying new cars, leading to lower demand for used BMWs.

06:45The use of plastic parts in newer BMWs can lead to expensive repairs and more issues, further reducing prices.