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02-25-2010, 12:29 PM | #1 |
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Looking for some opinions
So I love my M3 to death, but looking to add another BMW to the family. I really like the last generation 7 series and found this one in a private sale.
http://toronto.kijiji.ca/c-cars-vehi...AdIdZ187673947 I think I can get the guy down to $17k. what do you guys think? Is this a bad move? |
02-25-2010, 02:33 PM | #2 |
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If you want it and it passes a proper mechanical inspection, why not!!!
I can't believe how the prices for those have come down since new.....
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02-25-2010, 03:00 PM | #3 |
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02-25-2010, 03:41 PM | #5 |
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Not really. I ran a black book search on a vehicle. Check out the results.
Supplied by : Canadian Black Book 7800 Woodbine Ave. Markham, ON (905) 477-0343 Valid until : March 1, 2010 Your trade-in estimate based on : Vehicle : 2002 BMW 7 Series 745i 4D Sedan Distance travelled : 120500 Options : Low † : $8,963 High † : $14,188 |
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02-25-2010, 04:44 PM | #6 |
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From what I recall, these cars had a lot of electronic "gremlins." I would carefully check out the reliability ratings before moving ahead. I once had a 7 series and around 100k everything started to go wrong. Repairing these cars is very expensive...
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02-25-2010, 04:50 PM | #8 |
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well it's rear wheel drive so keep that in mid (you do live in Toronto)
I've heard that the 7 series have problems. Do you research call dealers and ask, and read post and threads on how the service is. You wan't to buy a car that's going to be a problem.
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02-25-2010, 05:33 PM | #9 |
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As another member mentioned, certainly a major thought to consider.
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02-25-2010, 05:35 PM | #10 |
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Early 7's of that Model where real bad news electronicly.Also remember that you are buying parts and repairing a car that was $110000 new and the parts are based on that price not the price you are paying today for a 9 year old one.I say stay away!
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02-25-2010, 05:53 PM | #11 | |
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The 745's all of them from 02-05 had major engine problems, electrical, tranny issues! Not just me but various friends and family I know went through this! We had a 2002 745Li, that spent over 80% of its time in the workshop, with the engine, tranny, Differential, Suspension, Electrical Components all being changed on thar car. I sold that years ago, as I couldnt imagine the horror of owning the 745 after warranty ended! The 760 has been really good to me so far (knocks on wood ) Why do you think BMW extended the factory warranty on 2002/2003 7 series? To retain customer loyalty, because of the problems with the V8s! I would never touch a preowned 745 without warranty, despite the warranty I would chose the 06-750 or go for the 760 as its a V12, different car, engine from the 745. Last edited by M3 vert; 02-25-2010 at 06:02 PM.. |
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02-25-2010, 08:40 PM | #12 |
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Thanks for the great feedback. Will definitely stay away from this one. This weekend I'm going to test drive a 2006 with 51k on it.
Last edited by markymarc1979; 02-25-2010 at 10:19 PM.. |
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02-25-2010, 10:30 PM | #13 | |
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02-26-2010, 02:42 AM | #14 |
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02-26-2010, 12:38 PM | #15 | |
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-DK |
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02-27-2010, 09:23 AM | #16 |
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I'm checking BMW's pre-owned inventory for several 2006 models.
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02-27-2010, 09:26 AM | #17 |
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Was going to check out this one, but it sold
http://www.autotrader.ca/used_cars_C...ributes=photos,, Amazing deal. I'm looking for wholesale pricing. One of my clients owns a used car dealership and will help me get one for wholesale. |
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02-27-2010, 10:44 AM | #18 |
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With the cost and complexity of repairs on these cars you would be much better off to buy a CPO from a dealer so you get a proper BMW warranty.Yes its more money but in the big picture is it really that much more?
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02-27-2010, 10:48 AM | #19 |
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I've seen the markups the actual BMW dealer charges on used. anywhere from 5k-7k. My client is going to buy a CPO car from a BMW dealer at wholesale and sell it to me. THE CPO warranty should be transfered over to me.
Last edited by markymarc1979; 02-27-2010 at 10:58 AM.. |
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02-27-2010, 02:58 PM | #20 | |
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Look for some private sales as well, some people are orginal owners or second owners and have kept up with all service and maintenance requirements, and hence maybe another option as well! Just avoid 745s, but 750s (V8) and 760s (V12) are different cars with different engines and should serve you well! Good Luck! Here are a few 760's too, it feels faster then the M http://www.autotrader.ca/result/resu...ideoonly=False |
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02-27-2010, 03:14 PM | #21 |
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02-27-2010, 04:23 PM | #22 |
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OH BABY!!!! 186 mph governed!!
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Grey Matter:2008 E92 M3:608/425. SG/PS SOLD!
Dark Matter:2015 F80 M3:495/505. SOLD! Anti Matter :2016 F82 M4 GTS What next?!? A 2022 M235i GC- I must be getting old |
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