BMWs are renowned for their great interiors and features. Everything in them feels premium and expensive, but the feeling you get from owning and driving one makes the price tag feel worthy. Their design is unmatched, and some older models look better than their rivals.
Look at any used BMW model, and you’ll instantly love its mean, stylish, aggressive look. Everything about these cars is ergonomic. But, despite all this, one can’t help but wonder, “Should I buy a used BMW?”
Advantages of Buying Used
Only the best materials go into making BMWs. As a result, the new-model BMWs have a hefty price tag attributed to their production cost. If you’re in the market for one, consider a used one. The following are advantages of buying used.
Huge Cost Savings
BMW has long been an icon of luxury and performance, explaining why the least expensive model will set you back around $38,000 when new. If you aren’t willing to spend this much on a Gran Coupe, buying a used one will help you save while allowing you to purchase your preferred model. There are no hidden fees, so your savings will increase significantly.
Lower Depreciation Rates
Depreciation is the decrease in the value of a BMW from the time it is purchased to a few years later. The biggest drop in value usually occurs in the first year, typically between 15% and 20%. Buying a used BMW allows you to avoid the initial depreciation that occurs when a car is brand new. Also, used BMWs tend to retain their value better than other car models, especially if they have been well-maintained.
Availability of Certified Pre-Owned Options
A certified pre-owned BMW differs from other used vehicles because it includes an extended warranty, a multipoint inspection, and additional benefits, such as roadside assistance, at no extra cost. However, it’s important to note that each seller will have their own set of criteria, including the condition and mileage of the BMW.
Tips for Buying a Used BMW
Buying a used BMW is among the smartest ways to get your dream car without breaking your bank account. But while this is so, how do you know which one to buy? What are some of the things you need to consider?
Vehicle History Reports
Before you leave your house to visit Newbold BMW, check the vehicle’s CarFax history report on our online inventory. It contains a ton of information, including the ownership, title, maintenance, and accident histories. If the report raises some pertinent questions, you don’t have to waste time going to view it.
Arrange a Test Drive
If you are satisfied with the information on the history report, arrange for a test drive. Test-driving is an excellent way to establish whether there’s anything wrong with the used BMW. Most dealerships will allow for a ride to your trusted mechanic or for a test drive.
Professional Inspections
A pre-purchase inspection by a trusted mechanic can help you avoid unpleasant surprises. It enables you to identify existing issues, such as rust damage and engine problems. Having the inspection done by a mechanic who specializes in BMW vehicles ensures you are getting the most out of your used BMW.
Visit Newbold BMW Today!
Buying a used BMW can be a rewarding experience when approached with the right mindset. Knowing the advantages of purchasing a used BMW and how to buy one can help simplify the process. At Newbold BMW, we can assist you in getting your desired model at a competitive rate! Visit our dealership to explore our extensive inventory of used BMWs for sale near Collinsville and Fairview Heights, IL.
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