Why buying a used BMW might be a better investment than a new one
As written for The Safe Driver.
There are only a few luxury cars that can turn heads based on reputation. Any BMW is on that list, whether the model is old or new. If you’re looking to invest in a used vehicle, then a BMW is a smart opportunity.
The One and Only
There are plenty of reasons to fall in love with used BMW phoenix. A brand that carries that much weight with its name will have a long history of success. This is music to the ears of any investor, as that equals less work when putting the vehicle up for resale. Cars are notorious for losing value, and that is why a BMW is such a standout. Classic BMWs from the 70’s still go for thousands of dollars, even in fair condition!
Engine and Transmission
Investing in a used running car is not the same as investing in a car that just runs. The last thing you want is a project car that costs you extra money for upkeep. Money spent to get it into good shape will eat away at the overall resale value. Even if you manage to sell high, there will still be missing profits from the repairs. The engine and transmission of a BMW is efficient, so it is unlikely that you’ll have to deal with the most expensive part of any car. That fact alone should bring you closer to investing in the BMW brand name.
Less Depreciation Per Year
Depreciation is inevitable with any car that has miles on it. Showroom cars with less than fifty miles will be valued less than their original value, but still sold at the full retail price. This is where the smart investor looks at what is hot, and what will be hot in the future. For what is hot, the first BMW M3 is a big deal to car enthusiasts. If you have one in pristine condition, then prepare to make a boatload of money. For what will be hot, the BMW 4 series is starting to look like a classic car in the making. Hanging onto one of these is sure to fetch a great price in the future. BMW was always aggressive with longevity, and it was a plan that made investors extremely happy.
Design
With BMW, you can always look forward to a cutting-edge design that ages well. It’s not often that you see a goofy looking older car become a modern-day classic. Looks matter, and that is why BMW has an entire team solely dedicated to the design of their vehicles. The first vehicle from the company in America was the 02 Series. If you drove that same model today, it wouldn’t look out of place on the road. Buying used cars for an investment does not mean that they have to be treated like an antique in a shop. That is why a BMW is a timeless piece of machinery that will always be mentioned in worldwide culture.
The Bottom Line
New cars drop in value the moment they are purchased. Only brands in high demand retain (and sometimes exceed) their original value. For an investment unlike any other, get a used BMW and drive off into the sunset.