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Key words--I want to keep it forever.
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If it's your only vehicle and you rely on it daily, then I believe you may be justified in trading it for something a bit newer and possibly more reliable. If however, you have another vehicle at your disposal and as you say, you 'want to keep it forever' then I suppose anticipating some repairs at the car's current age and mileage, should be expected and you'll just have to prepare as best you can.
I have a 47 year old car in my stable, and if I were to do a longish trip, then I would have no hesitation as I know it's been maintained reasonably well. That said, I would definitely take some parts and basic tools along for the ride too... |
When I bought my X5, it had 65000 miles on it and I took it to my indy straight away to get it checked out and on a maintenance schedule. I spent around $1000 correcting a gasket leak and replacement of power steering hoses and some other minor trim stuff. The indy said all of that could wait but I like to stay ahead of things. The indy said to kinda plan for around $2500 worth of maintenance when the X5 hits around the 120k mark, but that the 3.0 engine will last forever. Both of the owners of my indy shop drive older X5's and love them.
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Reggie's Motorworks - Reggie's Motorworks is a full-service automotive shop in Noblesville, Indiana. We specialize in the repair of BMW, Audi, Volkswagen and MINI in the Indianapolis area. |
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Funny, I live in Noblesville and never noticed the indy you listed, even though I drive by it every day! They don't have any signage out front indicating they do anything with BMW's. They must be stealth! :) I'll definitely have to check them out though since they are in my back yard. |
For the OP: My only concern with having a higher mileage vehicle in your case is your geographic location and the resulting salt exposure in the winter. The chassis photos of northern vehicles I've seen posted often show some significant corrosion on fasteners, fittings, and pipes. I'd be sure to perform frequent underside wash downs to minimize the effects from the salt. Other than that, with proper maintenance, "the ground" is a long way off for these engines.
2002 X5 3.0 278,000 miles 2004 325i 120,000 miles |
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I'm not sure how great the trade in value would be on an e53. At this point, you could probably fetch 7k at most simply because its outdated in terms of technology and not the best on fuel. Nothing is made to last forever, so if you decide to keep your e53, repairs that aren't so typical should be expected. The suspension will probably need a complete makeover soon if it already hasn't been done. Transmission should have been serviced by now. Oil pan gasket will more than likely need replacement and its not exactly cheap regardless where you choose to have the work done. It comes down to how much you like your car. If you're really worried about reliability, trade it in and get something newer. The only reasons I still own my e53 is because I do the work on it myself and I still enjoy the car. If I didn't service the car myself, I would've let it go a couple years ago. |
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