Luxury Cars are Money Pits
There’s little denying that foreign luxury models can become money pits for car owners. In earlier articles we’ve learned that after a luxury vehicle has passed its 5-year/60,000-mile warranty, car owners are typically quick to sell them off and move onto a new model. And for good reason. Because this is when you can expect multiple high-cost repairs to start kicking in that---even if bought at a much lower than new car price---can still greatly exceed a used car’s true value. In other words…a Money Pit.
That was message in a recent Scotty Kilmer YouTube channel episode where Scotty discusses what you can expect if you buy a used BMW that includes the problems that may occur and how much it cost one owner of a BMW X5 he showcases as an example.
Follow along with Scotty and listen to his reasons on why you should probably avoid ever buying one.
I’m Sitting in the Biggest Money Pit Car Ever Made
For additional news related to buying used luxury cars, here are two articles for your consideration:
Timothy Boyer is a Torque News automotive reporter based in Cincinnati. Experienced with early car restorations, he regularly restores older vehicles with engine modifications for improved performance. Follow Tim on Twitter at @TimBoyerWrites for daily new and used vehicle news.
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