A UK-based used car dealer has revealed the hidden costs of owning a ‘budget luxury car’: a high-mileage 2006 BMW 730d.
He had owned it for six months and driven 6,086 miles.
It was reliable with only had minor issues.
However, he still wanted to get rid of it – here’s why.
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High-mileage BMW 730d
Used car dealer and host of BuySellCars TV hadn’t had any major faults happen with the car – bar faulty parking sensors that he didn’t even bother to fix.
However, there is one significant reason that led to him deciding to part ways with the budget luxury car after a mere six months.
Money.
“I want to talk about those real-life running costs, the general maintenance, unexpected costs, and the real-world running cost of an old 7 Series.”
Let’s dig in, shall we?
The hidden costs
Upfront at auction, the BMW 730d cost him just over $2,335 (including auction fees).
As for general maintenance, an MOT set him back just a little over $50 and the brake pads it needed were $119
Next up is fuel, trotting up to $ 1,600 with a 32.5MPG average.
“That’s probably the biggest cost I’ve had on this car,” he explained.
Road tax over the six-month period via a monthly Direct Debit was just over $260.
Insurance is simply too wildly variable to factor in.
He totted his total to $4,535 with the sale of the car at $3,800, bringing that down to $735 – or $122 per month.
“That is not a big number and I’m actually pleasantly surprised.”
He’s now looking for his next budget luxury car – like a newer BMW 7 Series or a Mercedes E-Class.
Comfort, space, and practicality are key.
Want more on hidden car costs? One hydrogen car owner revealed the hidden monthly costs that add up to more than the car payment.
The post Man bought a high-mileage BMW 730d and then found the hidden costs that people need to know if they’re buying a budget luxury car appeared first on Supercar Blondie.
