Potential 2007 4.8 purchase - but what's the catch?

[rrich49132]

I hear you. I was looking at older ones and found a nice 2005 4.8is with 48K miles with no warranty as it was at Carmax. Looked into the company they use for extended warranty and never heard good things. I am in a similar when looking. Either buy a CPO car that has under 50K miles and pay to extend the maintenance to 6 yrs and 100K and let the CPO take care of any covered repairs. Only issue is for a 2007 or 2008 X5 4.8 I am looking at close to $40K which is more than I want to pay.

Seems like the BMW's start to become affordable once they hit that 4 yrs and 50K miles. Most people are unwilling to buy ones of these and be making car payments and on top of that have to dish out big money for maintenance and repairs.

[jeremym]

Originally Posted by rrich49132

I hear you. I was looking at older ones and found a nice 2005 4.8is with 48K miles with no warranty as it was at Carmax. Looked into the company they use for extended warranty and never heard good things. I am in a similar when looking. Either buy a CPO car that has under 50K miles and pay to extend the maintenance to 6 yrs and 100K and let the CPO take care of any covered repairs. Only issue is for a 2007 or 2008 X5 4.8 I am looking at close to $40K which is more than I want to pay.

Seems like the BMW's start to become affordable once they hit that 4 yrs and 50K miles. Most people are unwilling to buy ones of these and be making car payments and on top of that have to dish out big money for maintenance and repairs.

I think that if I can get $12-$13k for my X5 and the guy will drop this 07 to $35-$36k...I'm just going to bite the bullet. I have the pay for the negative equity at some point in my life so, why not do it while driving something way nicer than what I have?

Granted, my payments will be 2x what they are now but it is what it is.

[ard]

Originally Posted by rrich49132

Either buy a CPO car that has under 50K miles and pay to extend the maintenance to 6 yrs and 100K and let the CPO take care of any covered repairs.


dish out big money for maintenance ....

I think the "maintenance bogeyman" drives many to an expensive and needless purchase of the 'maintenance plan'.

Look, you are buying a CPO- which means brake pads MUST be over 50%. Minimum. Ideally they were just changed, so maybe 95%. You may in fact never need a brake job the whole time you own the car.

So what your MP buys you is 3 oil changes, a few filters, and a brake flush. Wiper blades. and maybe a handy from the receptionist.

People seem to just lump "car expenses" into one big bad bin, and just don't do the math... They say, "I want it all covered". Fine, but BMW exploits this with the maintenance plan.

A bmw dealer, and BMW posters here, will scare you with "just a brake job alone could be $2 or 3000". Maybe true but you are getting way screwed- nobody should pay that for brakes.

There is nothing magic about BMW brakes at a BMW dealer.

And I focus my discussion on brakes because besides that, there is NOTHING expensive or extensive in the scheduled maintenance....

FYI

A

[jeremym]

Originally Posted by ard

I think the "maintenance bogeyman" drives many to an expensive and needless purchase of the 'maintenance plan'.

Look, you are buying a CPO- which means brake pads MUST be over 50%. Minimum. Ideally they were just changed, so maybe 95%. You may in fact never need a brake job the whole time you own the car.

So what your MP buys you is 3 oil changes, a few filters, and a brake flush. Wiper blades. and maybe a handy from the receptionist.

People seem to just lump "car expenses" into one big bad bin, and just don't do the math... They say, "I want it all covered". Fine, but BMW exploits this with the maintenance plan.

A bmw dealer, and BMW posters here, will scare you with "just a brake job alone could be $2 or 3000". Maybe true but you are getting way screwed- nobody should pay that for brakes.

There is nothing magic about BMW brakes at a BMW dealer.

And I focus my discussion on brakes because besides that, there is NOTHING expensive or extensive in the scheduled maintenance....

FYI

A

I must say, I agree. I'm not afraid of maintenance. At all. I'm afraid of a tranny replacement or something of that sort. Trannies are known to go out at 60k miles on my generation of truck. I feel LUCKY to have made it to 92k without issue. I do have a slight stutter when turning and giving it gas though. This was temporarily "cured" when I changed the transfer case fluid. It's back now.

I have no idea what it is. Torque Converter? Who knows. But I do know that I'd much rather not hang on to the truck to see something break.

It could be the short drive shaft and the splines are skipping. Who knows.