Buying a High-Mileage German Car: Should You Risk It?

When picking up a used, high-mileage German car, especially a brand like BMW, it's crucial to weigh your options carefully. My experience with such purchases, and the considerations I've made, can guide you through the process.

My First-hand Experience

I owned a 5 Series E34 that had over 176,000 miles on it when I brought it home. Amazingly, it continued to serve me well until reaching the quarter million mile mark. This experience has taught me many valuable lessons about buying used, high-mileage cars.

Pre-Inspection is Key

When acquiring a car out of warranty, a thorough pre-inspection cannot be overstated. Whether conducted by a BMW dealership or a specialized repair mechanic, this step is critical. All warning codes must be accounted for. This ensures you are aware of any potential issues before committing to the purchase.

It’s also important to check for any notorious problems associated with the specific model. BMW is known for certain issues, but these can be accounted for during the inspection. If the pre-inspection is satisfactory, there is no reason to shy away from the car just because of the mileage.

German vs. American Engineering

The clear distinction between German and American engineering lies in their approach to longevity and repair costs. German engineering prioritizes long-term durability, even if the repairs down the line can be costly. American engineers focus on making components last a reasonable time while balancing repair costs and ease of replacement. This is why German cars may be more expensive to maintain over the long haul.

The Financial Incentive

The resale value of German cars, especially of a high-end brand like BMW, can drastically decrease after being out of warranty. This can be an attractive opportunity to purchase a car at a significantly reduced price. For instance, a 2014 5-Series sedan that originally cost $60,000 can be bought for $15,000. Similarly, a 2007 SL550 with an original sticker price of $105,000 can be purchased for $22,000 if in good condition.

These lower prices can be the primary motivation for purchasing a used, high-mileage car. However, it is essential to ensure that the car is in excellent condition before making the purchase.

Personal Criteria for the Next Purchase

When faced with the need to buy another used, out-of-warranty German car, several factors will guide my decision. The type of car I require, such as a model with good performance, must be taken into account. An Audi S4 Avant is currently in my possession, offering both performance and a manual transmission, a feature I prioritize highly.

While I am open to the idea of driving another German car, the manual transmission is non-negotiable. However, this niche preference might interfere with my options. As of now, Audis do not offer manual transmissions, and I am unsure about BMW’s stance on this topic. This uncertainty adds another layer of complexity to my decision-making process.

In conclusion, buying a high-mileage German car, such as a BMW, involves a careful balance between cost savings and potential repair expenses. A thorough pre-inspection, knowledge of the car's history, and personal criteria for the next vehicle will be crucial in making an informed decision.