Quote:
Originally Posted by joshuawk
I was looking at range rovers for the snow here in Minnesota and this 745iL caught my eye.
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Buy a Range Rover if you want a ton of headaches. Want one for cheap? Wait til they are out of factory warranty...you'll get them dirt cheap. Wonder why? See my first line.
Quote:
Originally Posted by joshuawk
$90k sticker price for this 745il and it's like $45k a year later...
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The reason this happens is because these cars are mostly leased. Since BMW doesn't offer a used car leasing program the value of these cars drop since there is a smaller market for it used. Add to that the fact that those leases all hit the market at the same time after 2-3 years and you have the reason that prices are so low. Maintenance costs used to be a huge factor but not as much now with the "certified" programs most of these new car dealerships have now to add some $$$$ back to the used car price.
The good thing about it though is that the late model 745's are fairly reliable and depreciation slows down after the 4 year mark.