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  #21  
Old 08-26-2019, 01:19 PM
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Quote:
Originally Posted by X5only View Post
Oh no, not if there's a comparable 2nd gen 4.8i or even an xDrive50i at round about the same price, yes?

My impression is that the 2nd gen (at least earlier vintages) had a myriad of computer and mechanical issues that could go wrong, and I have always viewed the e53 as a ďsafeĒ bet relatively. Personally I wonít have an E70 in my garage without an aftermarket warranty, and would opt for a LCI version (2010), which pushes up the starting price quite a bit. Then you also have the X5M badge to consider.

It will be interesting to see if the 4.8is revives in value like the e39 M5, but from an enthusiast perspective I doubt there will be many low mileage well maintained models as the years go on, which will of course drive up the price to the right buyer. Someone needs to seed a few good auto blog posts to get the ball rolling


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  #22  
Old 08-26-2019, 05:12 PM
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Ok, Iíll have to unsubscribe to this thread if weíre going down that path. I had a 2000 M5 I bought as a lease return in 04, drove it for 3 years then sold it to my buddy for $7k because I wanted the ďbetterĒ, and newer 07 M5. FYI, biggest piece of crap Iíve ever owned. My buddy still has it, with less than 50k miles still. Iím still kicking myself for it. Just a recommendation, donít sell cars to friends, if itís garbage, theyíll hate you, if itís a gem, youíll hate yourself since you have to continually see it. At least he didnít destroy it like my lingenfelter hummer, but thatís a different sad story.

But, sadness aside...I love my E53 4.4, and would have taken a 4.8 if the opportunity had came up before I got this one.
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  #23  
Old 08-26-2019, 05:53 PM
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interesting read

i put some feelers out on my x5 the last 2 years. no one serious came and took a look. priced it at 8k, then dropped to 6500. not going lower than that. i will be driving the wheels off of before i sell it for that low, even 8k is too low considering how much time / money i got into this thing.

i'm going on about 7 years of ownership, purchased from original owner at 55k miles for 19k. im up to 172k miles, relatively low maintenance. never left me on the side of the road and i do all of my maintenance myself. only cost of ownership has been parts and purchase price. last time i checked i was into it 37k.. 19k purchase price, 18k in parts, for approx 7 years and 120k miles. roughly about $5k a year to own. still in good shape and not afraid to keep racking up the miles on it.
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  #24  
Old 08-27-2019, 10:24 AM
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Another sad fact is cars are selling less and less as months go by because kids growing up these days do not buy cars anymore but rather just use ride share programs.
And as for a 15 year old vehicle... More owners are not DIY people anymore. More are "bring it to a mech for a R&R job" and that scares buyers as there is a general rumor that Bimmers are costly out of warranty (as any vehicle could, depending on repairs needed)

So it may not be the vehicle itself but the age, buyer numbers and rumor mill about repair costs


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Last edited by Clockwork; 08-27-2019 at 11:04 AM.
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  #25  
Old 08-27-2019, 11:12 AM
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Clockwork, it’s sad, but you’re right. I know at least a dozen people who don’t even have licenses, they just take Uber or the train to work. I live in a small island across from San Francisco, it’s only 6 miles wide, we have bike lanes everywhere and a lot of people ride bikes around town. My friend that do have licenses, and the even smaller pool that have a license AND a vehicle, take it to the shop for everything. My friend picked me up a few months ago and he had crap on his windshield, I said “man, why don’t you turn your wipers on once in a while and clean that stuff off” his reply made me laugh because I thought he was joking “yeah...I’m out of washer fluid, gotta take it in and have that refilled” after I had a good laugh I realized he was being serious.

Of course this is California San Francisco Bay Area, when I visit my brother in Michigan they NEVER say crap like that.
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  #26  
Old 08-27-2019, 11:15 AM
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Quote:
Originally Posted by PropellerHead View Post
Looks like you were offered a respectful observation and then reinforced it with your responses once again. That paired against the larger downturn of sales in the automotive industry may reveal that the problems you're experiencing have very little to do with the E53.

For an example, for more than twice your offer here, I purchased an '04 just 5 months ago from an enthusiast dealer. He hit all the right checks for feedback, pictures, records and accessories. Once all of that was done, the last thing I needed was to travel and see the car in person before I drove it home over 2 days. If your market for buyers of a nice E53 is reflected in the membership here, you can add one more who would likely not have made the trip for this one with some of the responses in reviews.

You have an opportunity to listen to the feedback you've solicited here and take action on it differently than is currently reflected by previous reviews. A little tough feedback applied ever so gently can be the key to your success not just with an E53, but more likely across any item that your hard work represents, BMW or not.

nail on the head Prop....
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  #27  
Old 08-27-2019, 11:17 AM
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To be fair to millennials, cost of ownership is rising uncontrollably. Between taxes, insurance, fuel, and maintenance (forget modding) it costs at least $3000/yr to own anything worth driving. Corolla or civic can be cheap... But I'd rather take the bus too at that point.
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  #28  
Old 08-27-2019, 12:03 PM
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Quote:
Originally Posted by crystalworks View Post
To be fair to millennials, cost of ownership is rising uncontrollably. Between taxes, insurance, fuel, and maintenance (forget modding) it costs at least $3000/yr to own anything worth driving. Corolla or civic can be cheap... But I'd rather take the bus too at that point.
So true....

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  #29  
Old 08-27-2019, 12:20 PM
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The good thing about owning a manual in Houston, is theft prevention.

On the news awhile back some car jackers, they were millennials, were baffled why the car would not drive.

Puwahahaha....!
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  #30  
Old 08-27-2019, 12:57 PM
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Quote:
Originally Posted by crystalworks View Post
To be fair to millennials, cost of ownership (COO) is rising uncontrollably. Between taxes, insurance, fuel, and maintenance (forget modding) it costs at least $3000/yr to own anything worth driving. Corolla or civic can be cheap... But I'd rather take the bus too at that point.
To a degree yes! But low end cars haven't gotten THAT bad. Mostly driver aid stuff is what drives up COO and insurance, a bit of a balance of scales action with high volume of new tech vs cost.

To that though, the luxury segment has most definitely blown up in COO. Simple repairs are over complicated since X is attached to Y under Z inside of Q. Dam turbos.

OEM Brake job on a 540 E39? Not bad.
OEM Brake job on a 550 F10? Oh boy.

At the same time though, the 4.6/4.8 market is strangely.... empty.
Seems either A) most just keep their car since values regrettably suck (and genuinely like it or B) Dumps and long haul sales for high prices.

Collectible SUVs are out there, but it doesn't seem to have hit the E53. As most of these we driven to/past 100k. More so for the later X5M.
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