BMW is not just a status symbol; it’s a statement of intent. Purchasing a BMW is a big decision, even if it is a used one. It is a perfect combination of luxury, comfort, latest tech features, and amenities. Undoubtedly, BMW offers great performance, safety, and quality out of any luxury car brand. Of course, it’s an expensive car, so you should do proper research before planning to purchase a BMW.

1. Research Different Types/ Models of BMW – BMW Cars For Sale

If you are planning to purchase a BMW, make sure that you are aware of its different models as mentioned below:-

· BMW Series 1 – It is best for those customers who are looking for a small, fast luxury vehicle. The Series 1 is a rear-wheel-drive four-seat car. The first generation of BMW Series 1 consists of BMW E81, BMW E82, BMW E87, and BMW E88 compact cars.

· BMW Series 3 –Series 3 is also a small car, but it comes with rear-wheel and all-wheel drive. This is one of the best-selling BMW.

· BMW Series 5–It is a midsize luxury sedan available in all-wheel drive. Initially, the 5 Series was available in a sedan body style, later on, estate/wagon body style was added which is called “Touring”.

· BMW Series 7 – BMW 7 Series is a large-sized vehicle. It is a luxury sedan that comes with leather seats and often wood trim.

· BMW X3 –Based on Series 3, BMW X3 is also a small SUV that comes with a lot of space for hauling. It is best for those customers who have a small family.

· BMW X5 – Besides the 7 Series, BMW X5 is the most expensive and the largest SUV. It can be costly to buy and maintain it.

2. Awareness about Potential Depreciation – Indeed BMWsare the great cars but you should be aware that they lose their value quickly. Within a few years, you will see the effect to turn the price to almost half. There is a great deal of huge depreciation hit when it comes to BMW.

· BMWs do not maintain their value for a long period. It loses its value every single year at a larger rate.

· It is not mandatory that all BMWs depreciate very quickly. Series 7 is the one that especially depreciates quickly, while Series 1 and X5 do not.

· Because of high depreciation, you can get the older BMW for less.

3. Cost of Maintenance – Though the BMWs are pricey, their maintenance can also be expensive.

· Maintenance – It is very expensive to maintainBMW’s. Firstly, their labor costs are high. The gasoline, oil, and tires are required of high quality as compared to other luxury vehicles.

· Repairing – It is very difficult to find a shop nearby that specializes in Vehicle Monitoring System. If you want to keep the cost down, you always need to visit a BMW-specialized repair store instead of local dealerships as they charge you very much.

4. Check the Car’s History – Don’t forget to check the history of your car. It can give you a lot of information about the past owners, service, warranties, accidents, and potential liens. This report is a good source of information as it is being verified by law enforcement.

· Ask for the Vehicle History Report

· Find the Vehicle Identification No. (VIN)

· Pay attention to any red flags on the Vehicle History Report

5. Certified Used BMW – BMW Pre Owned - It can be cost-effective to buy the used BMW form any private dealer but it doesn’t guarantee you that you are getting the right vehicle. Always choose a certified pre-owned BNW car. It doesn’t only assure you of the good maintenance and gentle usage, but it also provides youcoverage for up to 6 years or 100,000 miles, whichever comes first.

6. Take a Test Drive – BMWs are certainly the great cars but don’t forget to take a test drive before signing the deal.Taking a test drive will help you to get a quick idea of how the car handles. It will also help you to figure out if there are any issues with the engine or any other part.

7. Be Realistic about the Deal – You can find a tagline “Cheap BMW For Sale” at some private dealerships but be careful with such kinds of ads. Obviously, you are planning to buy the most luxurious car, so you will have to pay a worthy cost. It may happen in dreams only to find a BMW at a cheaper price and if you find it at a cheaper price, check it carefully.