When it comes to high-performance luxury, few automotive brands can match the esteemed reputation of BMW – a brand that is well known for its world class engineering, sophisticated design, and of course providing the most exhilarating of driving experiences.
Splurging on a shiny new ‘Beamer’, as they are often known, is something of a rite of passage for those seeking the ultimate status symbol, and is widely seen as a showcase of wealth and success – but with cars like these depreciating dramatically in value the moment they are driven off the forecourt, a savvy new generation of buyers are seeking out high-end used BMWs instead. Not only do they work out to be a better investment for your money, but when you buy a used vehicle, you also open yourself up to a wider choice, with a variety of iconic models to take your pick from – and whichever car you go for will still be seen as the very same symbol of prestige.
If you’re considering buying a high-end used BMW, then here’s how to navigate the process, as well as some of the most highly sought-after models to look out for and how to ensure you make a smart purchase.
Why a high-end used BMW?
The high-end used car market is booming in 2024, with more discerning buyers than ever before recognising that a well-maintained, pre-owned luxury vehicle can offer the same status, style, and performance as a brand new model but at a significantly lower cost.
When it comes to BMWs, the brand has long been known for its durable creations, which means each one is built to last. With this in mind, it doesn’t matter whether you buy a new car or one that is a few years old – because all BMW cars are robust and enduring enough to see you through many years in style.
Iconic BMW models worth considering
If you’re seeking a truly iconic drive, then there are several instantly recognisable models of BMW to look out for that have become benchmarks for quality and luxury in the automotive world. Offering high performance, high-tech innovation and an incredible driving experience every time, these are the ones worth snapping up:
BMW M3 (F80)
If performance is your main criteria then the BMW M3 promises exhilarating speed and handling. The F80 generation (2014-2018) boasts a twin-turbocharged inline-six engine producing over 400 horsepower and is a top pick.
BMW 3 Series (F30)
The gold standard for luxury sports sedans. The F30 generation (2011-2019) is known for its smooth handling, powerful engine options, and plush interior, making it perfect for those seeking a blend of performance and comfort.
BMW 5 Series (G30)
The BMW 5 Series G30 generation (2017-present) is spacious, luxurious and combines cutting-edge technology with traditional BMW driving dynamics. The 540i features a 3.0-litre inline-six engine, for the utmost in power and efficiency.
BMW 7 Series (G11/G12)
For a car that combines the latest tech innovations with a seamless driving experience, the BMW 7 Series is the flagship sedan that offers everything you could want in a high-end vehicle. The G11/G12 generation (2015-present) is characterised by opulent, high-spec interiors and you can find models featuring a range of powerful engines, such as the turbocharged inline-six to the twin-turbo V12. .
The used BMW buyer’s checklist
Of course, it goes without saying that you should proceed with care when buying a used vehicle, and there are a few simple items to tick off your checklist to ensure you’re getting a good deal and most importantly, making a smart investment.
Check the Vehicle Identification Number (VIN)
The VIN is a 17-character code that serves as the vehicle’s fingerprint, containing essential details about its make, model, year of manufacture, and more. For example, the VIN can reveal the car’s origin, which is crucial when assessing its value. Specialised services like the BMW bid history can provide insights into past auction results and trends for specific models, demonstrating how VINs can impact perceived value based on historical data. This information helps buyers and sellers gauge the car’s worth and make better decisions during the resale process.
Another significant impact of VINs on resale value is their role in detecting fraud and ensuring authenticity. VIN checks can uncover issues such as odometer rollbacks and cloned VINs, which are critical for maintaining the integrity of a transaction. Tools like the BMW VIN decoder are particularly useful for verifying authenticity, as they decode the VIN to confirm that the vehicle’s details match its documentation. Ensuring that a car’s VIN is legitimate and unaltered helps maintain buyer confidence and can prevent substantial losses for sellers who might otherwise face disputes.
Request a vehicle history report
Before making a purchase, you should always request a comprehensive vehicle history report to ensure you have a clear picture of what you’ll actually be getting. This type of report will include important information about the car’s past, including any accidents it may have been in, as well as a detailed service history so that you can see if it has had any work done on it previously, and why. A well-documented history of regular maintenance is a good indicator that the car has been well cared for.
Choose a certified pre-owned (CPO) car
If you’re after maximum peace of mind, then opt for a Certified Pre-Owned (CPO) BMW, as these vehicles have been thoroughly inspected by BMW technicians and come with an extended warranty. So, should you find yourself facing any unexpected problems with your chosen car later down the line, then you can rest assured that it’ll be covered. CPO cars do tend to come with a slightly higher price tag, but the added security is worth it.
Have a specialist inspection
You should always have the car you’re looking to purchase inspected by a BMW specialist, even if you’re buying directly from a dealer. While general car dealers know their stuff when it comes to vehicles in general, a specialist knows all the ins and outs of BMWs specifically and will be able to spot any potential issues that others cannot.
Request a test drive
Getting behind the wheel of your car of choice is key before going ahead and signing on the dotted line, particularly if the driving experience itself is important to you. Pay attention to how the car feels on the road, and take particular note when steering, braking, and accelerating. Listen for any unusual noises from the engine, transmission, or suspension and raise these with both the seller and the BMW specialist inspecting the vehicle.
Bear depreciation in mind
Like many luxury vehicles, BMWs depreciate rapidly when they are driven off the forecourt brand new, but this can also continue in their first few years. By understanding their depreciation curve, you can snap up a prime model at an excellent price without compromising on quality, performance or luxury, with a car that’s just a few years old coming in considerably cheaper whilst offering all of the same enjoyment.
