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      07-03-2011, 01:59 PM   #1
1MOREMOD
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2008's owners bailing out

ive seen a lot of 08s for sale on this forum lately. suspect they are leases at the end of their term. i purchased mine early in 09 as a second owner and have 8-10 months left on my warranty period. Im thinking i really want to keep this car as i love the shit out of it but also am a little scared of a major failure after the warranty expires. i have under 20,000 on it. just curious what everyone else is thinking about long term ownership. i honsestly dont want something else at this point as i still feel this car is possibly the best all arounder on the planet. its 3 years old for me and i still feel like a baller in it. thoughts?
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      07-03-2011, 02:06 PM   #2
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There was a guy on bimmerfest that just recently hit 100K miles, and his car is running like a champ. Also, everyone has different reasons for purchasing and selling, and everyone takes a different approach on how they treat their cars.

You can always purchase an extended warranty.
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      07-03-2011, 02:06 PM   #3
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Buy an extended warranty
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      07-03-2011, 02:08 PM   #4
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Yep, leases are up ansd some folks can't really afford to buy out the car or have picked up a new model year or different car.

The M3 is a solid car, build-wise. It's rated as the most reliable BMW built of the current crop and has always been built tough and ranked very well for reliablity since the E46.

If your car has been problem-free and since you clearly still love the car, just simply keep it and stop worrying. Why start the cycle of depreciation all over again since you still have low mileage? Just put some money into a EW if you're really worried instead.
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      07-03-2011, 02:20 PM   #5
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i never care about warranty on an M3
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      07-03-2011, 02:29 PM   #6
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my SA is telling me the warranty may be a waste of money for me unless i need brakes during the 2 years it covers which is unlikely as i drive 5000 or less/year on this car. i most likely will keep it as i still am impressed each time i drive it or look at it for that matter. i cant park and just walk away i always look back to see more.
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      07-03-2011, 02:34 PM   #7
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I also have a 2008, love the thing. I'm also thinking about getting the extended warranty.

I have a friend who works at a BMW Dealership and he says the M3 are good to about 100k, after that, sell it!
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      07-03-2011, 03:05 PM   #8
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4 to 5 years max for me with any car..
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      07-03-2011, 03:09 PM   #9
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      07-03-2011, 03:16 PM   #10
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Quote:
Originally Posted by saeedg48 View Post
4 to 5 years max for me with any car..
Why is that? Seems like a waste of money to keep flipping cars
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      07-03-2011, 03:21 PM   #11
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Quote:
Originally Posted by BMWKid36 View Post
I have a friend who works at a BMW Dealership and he says the M3 are good to about 100k, after that, sell it!
I hope that's not true. Plan on keeping this one for a bit.
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      07-03-2011, 03:23 PM   #12
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i hope not also but it will be a good amount of years before i ever get to 100k anyway. 20years or so.
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      07-03-2011, 03:26 PM   #13
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only 20k miles on an 09?? damn I'm at 10k and I've only had it for 5 months lol

but if u haven't had any issues with it so far, then you're good to go until you hit at least 50k. like others have said, this car is really reliable and should be able to easily reach 100k. the most common problems are engine rod bearing failures which can be really expensive but that seems to only affect a small amount of 08s and I'm sure that even if you were out of warranty and that happened to you, you might be able to strike a deal with bmw to get it fixed because they seem to be acknowledging that thats an issue on the early builds. other than that, your only real costs are going to be oil and brakes but thats probably going to be ~1000 every two years for you so not that bad at all. i vote that you should keep the car because its one of a kind and with all these regulations now, who knows when we'll see an engine like it again

personally though i don't think I'm going to keep mine past the lease but that is only because if I'm doing 10k every 6 months, on a 42 month lease ill be at 70k ahaha. but good luck deciding what the deal is
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      07-03-2011, 03:29 PM   #14
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its actually 18,000 miles on an 08! im 90% that im keeping it.
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      07-03-2011, 03:29 PM   #15
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i plan to keep this one as long as possible as well. i think they are super solid cars and i havent heard of too many people having major issues. when the time comes though, extended warranty is going to be purchased. better safe than sorry and the price tag on it isnt even that bad
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      07-03-2011, 03:58 PM   #16
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are we gonna become second class citizens on this site as soon as the f10 comes out?
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      07-03-2011, 03:58 PM   #17
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My 2 cents

I just sold my 08 coupe but not because of that concern..I need 4 doors so I'm looking to get an E90....
unless you have a later build 08 w/DCT I really don't see anything on the car that can cause big $$$$ from catastrophic failure other than the engine....and you really have to be a putz to blow up an S65....
my guess is more like the OP's initial observation....a vast majority of these cars are just coming off lease...
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      07-03-2011, 04:21 PM   #18
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are we gonna become second class citizens on this site as soon as the f10 comes out?
Planning on dumping mine next yr and getting a gt-r
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      07-03-2011, 04:22 PM   #19
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      07-03-2011, 04:33 PM   #20
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I think a few owners have low buy outs(or they think they do) compared to market value.
When I was looking, many owners had their leases coming up, and were trying sell and make a buck.
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      07-03-2011, 04:47 PM   #21
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yeah that was my thought as well. major failure is pretty rare but its always in the back of your mind when a new s65 will run you 25k if you blow her up.
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      07-03-2011, 05:04 PM   #22
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Quote:
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Why is that? Seems like a waste of money to keep flipping cars
I cant stay with the same car for that long
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