Luxobarge as next car - advice required

Cyrus

Thinking of going for something like a 14 / 15 - 7 series/ s class / A8 / Panamera as next car.

It would have to be from an AD with a 2 year comprehensive warranty and the likelihood is that it would be traded again in 2 years time to get into something else with a 2 year warranty (we run one car so its important to me that theres a comprehensive main dealer backed warranty)

Am i correct in assuming that a 4 year old luxo barge bought for say 40-50k would be worth half in 2 years assuming low miles added, and comprehensive warranty and age should cover us from the potential running cost pitfalls?

carsfan2

I would agree with your estimate of 50% loss over two years. It could be more though if you buy from main dealer with a two year warranty as these cars always carry a premium when you buy.

Heres Johnny

I'm always amazed how much people will pay for peace of mind. But as always, due to my occupation and my nature I feel obliged to comment when people come on querying the financials.

40 to 50k meaning 20 to 25k depreciation which you're happy with but worried about possible repair bills is the definition of penny wise pound foolish. You're talking 1k a month depreciation here.

I'm glad you're concerned about running costs so you aren't oblivious to the value of money and not wasting it but depreciation is the biggest cost you'll face on any car and the main dealers will crucify you come trade in time and fancying a change every 2 years in this class will be an expensive hobby.

Just my opinion and not having a go at you but I find people really don't get how many times more expensive depreciation is than pretty much anything that can go wrong and need to be fixed.

Can't fault your taste in cars though they're all really nice machines.

Cyrus

Heres Johnny wrote: »

I'm always amazed how much people will pay for peace of mind. But as always, due to my occupation and my nature I feel obliged to comment when people come on querying the financials.

40 to 50k meaning 20 to 25k depreciation which you're happy with but worried about possible repair bills is the definition of penny wise pound foolish. You're talking 1k a month depreciation here.

I'm glad you're concerned about running costs so you aren't oblivious to the value of money and not wasting it but depreciation is the biggest cost you'll face on any car and the main dealers will crucify you come trade in time and fancying a change every 2 years in this class will be an expensive hobby.

Just my opinion and not having a go at you but I find people really don't get how many times more expensive depreciation is than pretty much anything that can go wrong and need to be fixed.

Can't fault your taste in cars though they're all really nice machines.

It won’t be any more depreciation than I’ll suffering my current car which I’ve owned from new. Also there’s a premium to pay for having a new or relatively new premium car . If everyone was being sensible they would pay 5-10K for an older model but if no one buys newer ones they won’t exist !

Truckermal

Panamera please Cyrus!:)

Eric Cartman

50% off easily and thats at an AD , if you get one thats petrol with a bit more tax liable you might even get more.

buying ones at 3 years old coming off their 'executive lease' is a smart bet, probably immaculately maintained, back seats never sat in and <60,000km, options mean very little on a car that old in price but when its 5-6 years old it starts into enthusiast territory and may make for a quicker sale or a better resale value so try find one with everything on it (reclining rear seats, rear entertainment, panoramic sunroof, higher end sound system , ventilated seats and LED/Laser headlights are all very desirable on that era of luxury saloon)

https://www.carzone.ie/used-cars/bmw/7-series/used-2016-161-bmw-7-series-730d-lwb-s-galway-fpa-201809240802973 might not be a main dealer but I'm sure they'll sell you a warranty, under half price and savage spec, has most of the high ticket items and its the lwb model

jimmycrackcorm

Where exactly can you get a 2 year comprehensive warranty ? Are those models still covered by the manufacturer?

Twenty Grand

carsfan2 wrote: »

I would agree with your estimate of 50% loss over two years. It could be more though if you buy from main dealer with a two year warranty as these cars always carry a premium when you buy.

Just taking the 7-series as an example

Looking on donedeal, a 2015 model is in the range of 40k
A 2013 model is in the range of 20k. A dealer might take it off you for 17 if you're lucky.

Would you not be better off buying a top of the range 2013 car, rather than spending twice as much for a worse car with a new reg plate?

(I'm very frugal though, so maybe you're approaching this from a different angle than me )

https://www.carzone.ie/used-cars/bmw/7-series/used-2016-161-bmw-7-series-730d-lwb-s-galway-fpa-201809240802973 might not be a main dealer but I'm sure they'll sell you a warranty, under half price and savage spec, has most of the high ticket items and its the lwb model

What idiot put those floor mats into it?!

jesus_thats_gre

Having been toying with this idea myself as a potential alternative to a newish 5 Series. Have a bit of a thing for big cars!!

Twenty Grand

Twenty Grand wrote: »

What idiot put those floor mats into it?!

I like them. Not enough to swing me to change cars but I might see if I can find a few old bath mats and make up a set for the wife's old Honda.

On a €60k used BMW, I think a new owner could afford to replace them if they're as objectionable to him/her as you find them to be.

In other news, damn Cartman, that's a lovely car alright.

Cyrus

jimmycrackcorm wrote: »

Where exactly can you get a 2 year comprehensive warranty ? Are those models still covered by the manufacturer?

Main dealer approved used

bazz26

jimmycrackcorm wrote: »

Where exactly can you get a 2 year comprehensive warranty ? Are those models still covered by the manufacturer?

BMW dealers will give a 2 year warranty on their approved used cars, it's factored into their pricing however. So a car being sold by them for 60k is probably more close to a 50k car when you take the warranty away. I'd expect to lose around half of that 50k after 2 years when you go to trade up again.

Eric Cartman

jimmycrackcorm wrote: »

Where exactly can you get a 2 year comprehensive warranty ? Are those models still covered by the manufacturer?

carprotect.ie are doing 2 years all mechanical and electrical Including wear and tear for 770 euro for that exact car Ive linked,

bazz26

Eric Cartman wrote: »

carprotect.ie are doing 2 years all mechanical and electrical Including wear and tear for 770 euro for that exact car Ive linked,

Just looking at that warranty is that they only allow a maximum claim amount of €2500 including VAT per claim, you will be paying the difference yourself. On the likes of a 7 Series/A8 or S Class that might not go very far.

Eric Cartman

bazz26 wrote: »

Just looking at that warranty is that they only allow a maximum claim amount of €2500 including VAT per claim, you will be paying the difference yourself. On the likes of a 7 Series/A8 or S Class that might not go very far.

its a 6 cylinder diesel , same as the 530d , to be fair that quote would cover a turbo dying, an exhaust, a diff, almost any electrical module including fitting. You can use almost any garage too, if you knew a specialist you could get the work broken down into 2 stints there. 2500 is a considerable bill even on a car like that. You'd get a gearbox refurb or a New OEM DPF for that money which would be your biggest concern.

Marcusm

Cyrus wrote: »

Main dealer approved used

Aas regards car choice, decide whether you need more than 4 seats - Panamera just has 4. Was regards models, greater performance with lower cost comes from PHEV/hybrid models - the Panamera is a good example of this. The lower VRT and motor tax costs lead to lower total cost of ownership.

I can understand why you want an approved used with a decent warranty (whether main dealer or distributor warranty). However, you're going to need to recognise that there were limited sales of these cars in Ireland in the relevant period - you're going to get a much better choice int he UK or might very well see UK cars on sale at main dealers here - certainly MB and BMW, not sure about Audi.

I would target a 3 year old car and look for a hold period of a further three years. Buy on condition, a well minded example which has been imported might very well be better than the secondhand domestic stock.

My own luxobarge purchases were a 4.2 s/c Range Rover (5 years old when I bought)and a 750Li BMW (3 years old when I bought) (both while I lived in London snd both are running just fine - the RR was 12 years old before major expense - a gear box rebuild).

bazz26

Eric Cartman wrote: »

its a 6 cylinder diesel , same as the 530d , to be fair that quote would cover a turbo dying, an exhaust, a diff, almost any electrical module including fitting. You can use almost any garage too, if you knew a specialist you could get the work broken down into 2 stints there. 2500 is a considerable bill even on a car like that. You'd get a gearbox refurb or a New OEM DPF for that money which would be your biggest concern.

I'd be more concerned if you were unlucky enough to have a major problem with the likes of the complicated air suspension, radar cruise control or ECU for example on these cars. You might mitigate somewhat by going the indy route but you are relying on an indy having the skill set and equipment to fix these things otherwise it's off to the dealer where your definitely looking at large bills. These are probably worst case situations but worth taking note of all the same on cars costing 90k upwards when new.

www.bmw-warranty.ie offer the same level of cover as the AUC dealer warranty but it costs a lot more than the carplan warranty.

Idbatterim

I’ll jist jump in another poster mentioned the depreciation, the loan interest will be significant too , if applicable ... I’m driving a s500 2006. I wasn’t wondering if the sky would fall in tomorrow when I bought it. I’ve driven “luxury” cars for over ten years , never once been left on the side of the road etc .. you’re buying a fairly new car in the scheme of things!

Cyrus

thanks for all the advice lads, there wont be loan interest and im well aware of the costs of depreciation

Cyrus

bazz26 wrote: »

www.bmw-warranty.ie offer the same level of cover as the AUC dealer warranty but it costs a lot more than the carplan warranty.

ive entered regs of a few 141 & 151 7 series into that and it wont quote :pac:

Cyrus

no bells and whistles and wouldnt interest me personally, but thats a cheap 7 series:

https://www.carzone.ie/used-cars/bmw/7-series/used-2015-152-bmw-7-series-730-730d-y-dublin-fpa-201810091320274

Idbatterim

If going for a barge from one of the big three, I don’t think I’d be looking at anything other than an s class ...

Marcusm

Cyrus wrote: »

no bells and whistles and wouldnt interest me personally, but thats a cheap 7 series:

https://www.carzone.ie/used-cars/bmw/7-series/used-2015-152-bmw-7-series-730-730d-y-dublin-fpa-201810091320274

No VRT will have been charged as an embassy car. I don’t know if there’s a requirement tobreregister when sold by the foreign government.

Cyrus

Marcusm wrote: »

No VRT will have been charged as an embassy car. I don’t know if there’s a requirement tobreregister when sold by the foreign government.

yes i figured that, wonder can they resell or is there an issue when you buy, perhaps there is a time bar.

Stallingrad

On that warranty I am seeing the following exclusions:

Wheels and tyres, spark plugs, wiper blades and arms, auxiliary drive belts, pipes and hoses, exhaust system mexcluding catalytic convertors, brake shoes, pads and discs, lamps and bulbs, fuses, wiring connections and looms, maftermarket audio equipment, radio aerial masts and motors, bodywork, paintwork, all weatherstrip and seals,
water ingress, door locks, handles, hinges, check straps, all glass including heater elements and aerials, trim, upholstery including seat runners and seat adjustment mechanisms, cosmetic finishers, general oil leaks or the adjustment of any component. Timing belts: are included providing that the last due change of belt has taken place as specified by the manufacturer’s schedules (proof required). Damage subsequently caused if timing belt
has not been changed as specified by manufacturer is specifically excluded.

• Stretched timing chains are excluded from cover.

carsfan2

Cyrus wrote: »

no bells and whistles and wouldnt interest me personally, but thats a cheap 7 series:

https://www.carzone.ie/used-cars/bmw/7-series/used-2015-152-bmw-7-series-730-730d-y-dublin-fpa-201810091320274

If that’s a car bought new by the embassy in Ireland why does it have the speedometer from a UK Bmw?

bazz26

Cyrus wrote: »

ive entered regs of a few 141 & 151 7 series into that and it wont quote :pac:

It was the same for me but if you ring them they will give you a quote on the different levels of cover. Their most comprehensive policy is pretty much what a BMW will give you with a AUC.

Eric Cartman

Stallingrad wrote: »

On that warranty I am seeing the following exclusions:

Wheels and tyres, spark plugs, wiper blades and arms, auxiliary drive belts, pipes and hoses, exhaust system mexcluding catalytic convertors, brake shoes, pads and discs, lamps and bulbs, fuses, wiring connections and looms, maftermarket audio equipment, radio aerial masts and motors, bodywork, paintwork, all weatherstrip and seals,
water ingress, door locks, handles, hinges, check straps, all glass including heater elements and aerials, trim, upholstery including seat runners and seat adjustment mechanisms, cosmetic finishers, general oil leaks or the adjustment of any component. Timing belts: are included providing that the last due change of belt has taken place as specified by the manufacturer’s schedules (proof required). Damage subsequently caused if timing belt
has not been changed as specified by manufacturer is specifically excluded.

• Stretched timing chains are excluded from cover.

Pretty standard list of exclusions id say,

Cyrus

bazz26 wrote: »

It was the same for me but if you ring them they will give you a quote on the different levels of cover. Their most comprehensive policy is pretty much what a BMW will give you with a AUC.

what kind of money ?:P

bazz26

From memory it was about €1000 for 12 months on my 2015 530d. That was the full comprehensive warranty. I think the basic w warranty was coming in at around €750.

milhous

Any conclusions drawn as to what car you'll go with.? I'd love to ditch my passat and head down that route!

Tuttlinghorn

Have you considered spending 1K per month on a lease car ? Then the repairs etc are someone else’s problem right ? ‘Dead money’ I know but isn’t depreciation the same ?

milhous

Depreciation wise would you only be keeping the car for 2-3 years? I think I would be looking for something special and keeping it for a long time, a few 100k kms..

Maybe thats fantasy land and i'd (one would) get bored regardless and be looking for a change after year 3 or 4!?

I'm not sure how worried I'd be for the first 2 or 3 years about breakdowns with something like this (which is the kind of territory we're talking about?)
https://m.carzone.ie/used-cars/Audi/A8-3.0TDi-262HP-QUATTRO-TIP-TRONIC-SE-EXEC-20--ALLOYS/201805086289728

mickdw

ON that carprotect warranty, I went through those in detail a while back and even their top level cover didn't seem to be work the paper its written on.

Stuff like "Electrical connectors not covered". What good is a warranty on a complex car that quote those kind of exclusions.


Ok sir, that's 2 weeks labour to find the source of your warning light. We have found it to be a simple connector that only costs 10 euro however seeing as its not covered, you owe us 7k for finding the issue.

Cyrus

milhous wrote: »

Any conclusions drawn as to what car you'll go with.? I'd love to ditch my passat and head down that route!

Not yet it’ll be next year I’d say but panamera is an option for sure !

Cyrus

Tuttlinghorn wrote: »

Have you considered spending 1K per month on a lease car ? Then the repairs etc are someone else’s problem right ? ‘Dead money’ I know but isn’t depreciation the same ?

Yes but who offers leases on 3/4 year old Luxobarges ?

Marcusm

Cyrus wrote: »

Not yet it’ll be next year I’d say but panamera is an option for sure !

For a Panamera I think it has to be the PHEV.

Cyrus

Marcusm wrote: »

For a Panamera I think it has to be the PHEV.

I agree