Advice re BMW with high mileage

Shurwhynot

I imported a 151 5 series in the first week of January last year (F10 Luxury model, automatic). It had 43,000 miles on it at the time, but I do a lot of mileage, and now 21 months later, it has 105k miles. It has never given me a day's hassle, and i absolutely love it, but I'm just getting very conscious that the mileage is now creeping up big time. By the turn of the year, it will probably have approximately 115k up on it.

Should I look to sell at the turn of the year, and if I did decide to sell, any idea what I should be looking for it? Or should i keep it for another year - it would then have approx 150k miles up on it.

I'll certainly be looking at the import market again given the weak sterling.

Alanstrainor

Is your concern about things starting to go wrong with it at higher mileage? Or is it more about resale value? I'd always be more inclined to keep cars going and try and maintain them as best as possible.

Shurwhynot

Alanstrainor wrote: »

Is your concern about things starting to go wrong with it at higher mileage? Or is it more about resale value? I'd always be more inclined to keep cars going and try and maintain them as best as possible.

Probably a bit of both tbh. I service it regularly, so i guess I'd rather sell it while it still has a reasonable resale value, and get something with low mileage for my own peace of mind.

ELM327

It's already got over 160k km on it, which is very high mileage in the eye of paddy the car buyer.
The driving from 50k miles to 100k miles will have depreciated the car much more than going from 100k to 150k

bazz26

If your not prepared to drive the car into the ground then you going to be hit with heavy depreciation now with high mileage. Problem is that with your mileage you will be back in the same boat this time next year or the year regarding depreciation with another car.

Shurwhynot

bazz26 wrote: »

If your not prepared to drive the car into the ground then you going to be hit with heavy depreciation now with high mileage. Problem is that with your mileage you will be back in the same boat this time next year or the year regarding depreciation with another car.

Any ideas ball park what I'd get if I sold it at the end of the year?

Lord Nikon

Would it have made more sense to buy an older car, with less miles, for less money? Depreciation wouldn't be so bad on an older car, regardless of mileage.
Now I'm not saying you shouldn't have bought the 151 BM, but was it an oversight that you would put big mileage up? If your using the car for work, you could probably write off the depreciation of it.

ELM327

Shurwhynot wrote: »

Any ideas ball park what I'd get if I sold it at the end of the year?

Looking at some high miles 2015 F10 (assume its a 520d)
https://www.donedeal.ie/cars-for-sale/bmw-520d-f10-luxury/19810155
https://www.donedeal.ie/cars-for-sale/2015-bmw-520d-2-0-se-2-0-d-automatic-finance/19715104
https://www.donedeal.ie/cars-for-sale/bmw-520d-2015-luxury-auto-high-spec-low-tax/19736193




probably between 15-18k.

Lekrub

ELM327 wrote: »

It's already got over 160k km on it, which is very high mileage in the eye of paddy the car buyer.
The driving from 50k miles to 100k miles will have depreciated the car much more than going from 100k to 150k

Why slag off paddy the car buyer? They would be right that the mileage is high, and the OP knows it.

rovertom

You are doing 35k miles per year.
Driving a sh1t box is one option for cheaper motoring but assuming you want to drive a good car everyday and not keep your good car for weekends, I think the most cost effective way out might be to buy a little older maybe swapping to a 2014 now from the UK with super low mileage and selling privately here after 1 years motoring where the mileage can still be low to normal. That would be reasonably cheap motoring versus buying 2 year and trying to sell at 4 years old will silly mileage.

unkel

ELM327 wrote: »

It's already got over 160k km on it, which is very high mileage in the eye of paddy the car buyer.
The driving from 50k miles to 100k miles will have depreciated the car much more than going from 100k to 150k

This. You have already suffered a lot of depreciation, it is easing off now, you might as well keep it. Did you consider getting an extended BMW warranty for it? Last time I looked they were relatively good value for money. Might be worth if for piece of mind.

Don't worry about resale value or depreciation. It's too late for that now anyway

Eric Cartman

OP, you may be better off leasing a car, 3 year 120,000 mile lease and just keep handing back the cars , you'd always be in warranty and service.

Thats rep mileage , better off keeping changing and let the leasing company worry about it.

ELM327

Lekrub wrote: »

Why slag off paddy the car buyer? They would be right that the mileage is high, and the OP knows it.

Yes but it's not really "high" at all though.
Our perception of "high" came from the days when everyone walked to work, we were still using leaded petrol, and cars rusted to pieces before they reached 80-100k miles..


Thankfully none of that holds true anymore and many cars while even moderately well maintained can reach 300k-500k+. I know as I've owned 3 cars over 300k miles (and have one in storage with over 500k).


It only holds true in the case of depreciation (because of paddy).
I'd prefer a car showing 280k with a full service history than a shiny 80k with none.

MetzgerMeister

The car will be worth more to you to keep it going for another few years given all you have put into it so far. My girlfriend's Avensis has over 300,000 km on it and it's still going very well. The same should happen with any car once maintained correctly.

mr c

can I ask what make and model @ 500k
thats very good
always nice to see cars get used like that

ELM327 wrote: »

Yes but it's not really "high" at all though.
Our perception of "high" came from the days when everyone walked to work, we were still using leaded petrol, and cars rusted to pieces before they reached 80-100k miles..


Thankfully none of that holds true anymore and many cars while even moderately well maintained can reach 300k-500k+. I know as I've owned 3 cars over 300k miles (and have one in storage with over 500k).


It only holds true in the case of depreciation (because of paddy).
I'd prefer a car showing 280k with a full service history than a shiny 80k with none.

ELM327

mr c wrote: »

can I ask what make and model @ 500k
thats very good
always nice to see cars get used like that

What else, a toyota corona! (JDM toyota carina E equivalent) :cool:

H3llR4iser

Yet, the "100k" something is a psychological factor; In other countries people have a bit of an hang up about cars with 100k KM - anything up to 99.9k is "still new", anything about 100k is "used up". In a nutshell, the concept is completely arbitrary.

If you worry about "depreciation", you could either go the suggested lease route (expensive, but you get a new car every 3 years, basically almost a CaaS scheme), or just save a sh1tload of money, get older car and use it to chew up the KM.

mr c

ELM327 wrote: »

What else, a toyota corona! (JDM toyota carina E equivalent) :cool:

Should have known
The best built cars in the world no doubt

Idbatterim

Shurwhynot wrote: »

I imported a 151 5 series in the first week of January last year (F10 Luxury model, automatic). It had 43,000 miles on it at the time, but I do a lot of mileage, and now 21 months later, it has 105k miles. It has never given me a day's hassle, and i absolutely love it, but I'm just getting very conscious that the mileage is now creeping up big time. By the turn of the year, it will probably have approximately 115k up on it.

Should I look to sell at the turn of the year, and if I did decide to sell, any idea what I should be looking for it? Or should i keep it for another year - it would then have approx 150k miles up on it.

I'll certainly be looking at the import market again given the weak sterling.

this is the way I see it, youll probably get a hell of a lot less for it than you think you will. You buy a newer expeniveish car and the depreciation is just going be higher. Maybe should have sold it before 100k miles, according to the typical Irish car buyer, something happens at 100k that makes them timebombs...

route66

Shurwhynot wrote: »

I imported a 151 5 series in the first week of January last year (F10 Luxury model, automatic). It had 43,000 miles on it at the time, but I do a lot of mileage, and now 21 months later, it has 105k miles. It has never given me a day's hassle, and i absolutely love it, but I'm just getting very conscious that the mileage is now creeping up big time. By the turn of the year, it will probably have approximately 115k up on it.

Should I look to sell at the turn of the year, and if I did decide to sell, any idea what I should be looking for it? Or should i keep it for another year - it would then have approx 150k miles up on it.

I'll certainly be looking at the import market again given the weak sterling.

You don't say what engine you have in your 5 series. Are 520ds so popular that we should just assume that's what you have

Anyway.

If it is a 520d, then they came with the timing chain-snapping N47 engine up to about mid 2014 (albeit with incremental improvements over the years, much reduced incidences of failures from 2011 on), so you should be ok if your car has the B47.


As others have said, you've been hit with the bulk of the depreciation at this point, so if the car's still trustworthy and looks appropriate for the job in hand, keep it until you get to the point where this is no longer the case.

CeilingFly

I've a F11 - currently 385k km. Except for a couple of air suspension issues (they are not on the F10) and one engine light failure issue, has caused no problem.

I'm planning to let it hit 500k km before getting something else.

Unless you want the vanity of a newer car I'd just let it continue til it starts costing money in repairs. - The F10 are so popular that most good indy service places can look after it for less than half the cost of main dealer.