[quote]Dr. Pangloss wrote:
I have read and been told that buying a used benz, audi, bmw with around 100k miles is not a good idea.
Would it be worth it if I only need the car to last me another 60-70k miles? I live in a LA so, there a lot of them for sale especially BMW 325 anywhere from 2001-2006 with 85-110k miles selling for about $5-7k.
I only need it for at the most 70k miles so, if it can last me the necessary mileage I am good. No need to get a used corolla to last me another 200k miles.[/quote]
You don’t get a break on parts and labor just because the car isn’t worth as much as when it was new. Labor at the Audi dealer by me is 1.5x more than labor at the Ford dealer. Parts can be ridiculously expensive ($600 per shock on the MB CLS for instance) and there may be more electronics to go wrong (BMW’s iDrive).
Additionally, you’re buying a car at a point in it’s useful life when expensive things start going wrong and many sellers have been deferring expensive maintenance knowing they’ll be getting rid of the car soon.
I owned a 10 year old MB and I spent on average $1,000 year on repair items; more in some years and less in others. [/quote]
Only a grand a year? You got off easy.
Seriously, if I were on a budget and looking for an older luxury car that I needed for a daily, it would be a Lexus or Acura. Not as sexy, but German cars kill you once they hit 80k miles.