Hi - I'm looking for help because I'm thinking of buying a used BMW. I figured people in this forum could probably help! And sorry if this is in the wrong forum (if it is, where should I be posting? Thanks!) Hopefully you guys can help, because I'm car clueless and need some answers!
-What is the typical resale experience with BMWs? Is it easy to find a buyer, or do you find it's more difficult to resell them than expected? If I bought the car listed (1995 318ti automatic with 100k miles, good condition) and wanted to resell in 6months to a year (if I move abroad), do you think I can expect to get a fair price, or do you think it will be a tough time finding a seller and getting a fair price?
-Is this model of BMW one you would recommend? I'm young and this is my first used car, but I figured that BMWs are reliable, durable, quality automobiles, and if I did end up reselling it in 6mo. to a year, it would not be that difficult and I would end up getting back much of the money I just spent on it. If I'm going to get a used car, why not get a quality car that seems like a quality investment? (Or maybe that's just my heart begging my wallet to open up...) I have read that BMWs enjoy one of the best resell markets out there.
-What do you think are any drawbacks to this car? Enough for me to pass on it and go for another reliable brand - like Honda or Nissan - (especially for my first used car), and then come back to BMWs when I can afford a more recent model?
-The car comes with Alloy wheels, a moon roof, a cd changer, tinted windows and a/c. The KBB on it says if kept in good to excellent condition, it should sell to a private party for $4k - $4,500, but she wants $6,500. Am I getting ripped off? She explained that she had done kbb and they told her it was worth $6,535 (don't know where our information differs). What is a fair price for this car?
Sorry to pour out so many questions, but it's my first used car experience, and while I'd love to have a reliable BMW, I need to be smart about this. Thanks so much for any help, I really appreciate it!!