How much does owning an E39 cost, vs a brand new BMW? | EvoMalaysia.com
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- Опубликовано: 22 янв 2019
- To date, I have spent RM8k in total on repairs of my E39 over a period of just three months, and this excludes tyres and wheels.
Bobby told me that in cash flow terms, my expenditure is no different from someone paying the installment of a new 330e.
To investigate his claims, I walked into a BMW showroom to enquire.
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Thanks for all the constructive comments, guys. There is no right or wrong in this subject other than pointing out that the buyer has the responsibility of knowing the limits of his/her afordability levels and buy within that sphere. The purpose of this video is not to steer the viewer in either direction but merely to compare a few facts and let you guys judge what's best for yourselves.
Funny. Tell Bobby to switch his bank account with yours and Kon you go ahead and tell Bobby, "Eh Bobby, do you know that actually the amount you spent on the E39 can already buy yourself a 330e". Talk is easy. Empty talk is even easier. A brand new car requires monthly payment, which means, debt, as well selling at a lost. Unlike your E39, which essentially debt free, you can chose to not repair or change new parts too, or even sell it at some lost or at breakeven, but won't as rugi as selling a brand new car. You do you. Have fun bro. Cheers!
As a used car owner with 5 cars that have either been sold, passed on or currently still in use, I often get told things like what Bobby said. All of them were bought when they were about 9yrs or older, with mileage starting above 130K KM (I even bet that this was tempered before I came along).
Bobby aint accountant, yes one may encounter exponential replacement cost for owning 2nd hand car, but usually that's temporary unless the person bought a piece of crap.. a brand new conti would easily depreciate 30% after just 2 darn years, that's 60k down the drain if it costs RM200k.. as i finished ur clip, another thing to suggest is, if a person needs an 8-year loan to own a car, he is better off going for something way cheaper, always build your wealth before your ego...
Well discussed issue Kon. I dwelved over this myself while shopping for my pickup.
Kon, tell Bobby that just the insurance cover for 250k alone is already close to RM8k per annum (Same as your total major initial repair) which you can hide in the installment for first year but not the 2nd year onwards. Not to mention you can sell off your car at anytime without forking more money to sell unlike the 330e in the first 2-3 years.
3-month repair bill vs 8-year monthly loan repayment? How is Bobby's logic? Even if you sell the 330e after 3 years, the top up loan amount and the 3 year monthly repayment is definitely way higher than your 3-year e39 repair bills.
Excellent video Kon! Appreciate your effort in detailing the ownership costs of both brand new and a used bmw. Your videos have clarity and excellent content.keep it up!
Very good video and explanation. Appreciate more videos like this on used BMW maintenance and cost.
i remember chris wee said, when you buy new car, you paid the cost of the car every month, not including the maintenance cost. but if you buy 2nd hand car with cash, every money you spent later are for the improvement of the car, or something like that :) everybody can buy a new car, not everyone have the patience to upkeep the classic car, or modern classic like your car kon..
Love your videos, could you do more videos like these...how to pick out a good used car, or generally in the area of used car ownership
Kon, I have one Merc W124 260E since 1999 bought used. It was registered in 1991 local C & C model. When I bought it, I also spend something like 8K to change whatever parts that needs to be changed. After that, I just spend the normal maintenance fees for around three years other than once in a while there is some extra topup, eg. battery. Just last year, after driving for closed to 20 years I spend closed to 10K again to change the engine, all the suspension mounting, absorber etc I have been using it without having to worry about paying 8 years or so installment. never regret it. In fact my son who is 23 years old prefer to drive this old man car than the MYVI I bought for him
Great review bro, I'm definitely looking forward to the 2019 330i its really beautiful. It appears based on your review you would have been better buying the 2018 based on the price you paid for your current car and what the 2018 is going for
Good video Kon, the concierge service is interesting.
Nice video, chief.. all good facts & figures; although I doubt u will need to spend Rm2-3k month on maintenance once this initial “run-in period” is over and u have sorted out the priorities. Good luck chief..
Your E39 is so uniquely hamsom so you made the right choice imo
Great video Kon with the simple comparison. Guys arguing in the comments may be missing a crucial point... whilst Kon delves into comparing the cash one may need to fork out in buying a used E39 (and restoring) vs brand new 3 series, he did point out that the motivations for one to choose one over the other is not solely down to cost, but the type of experience one is after. Key takeaway that he did emphasise is "if you think that because you can afford a rm30k axia, therefore you must be able to afford a rm20k bmw, you are wrong". Owning an older used car comes with higher, unpredictable maintenance and repair costs, which may run up to be equal to the money one an owner of a brand new car pays towards financing. Depreciation, insurance etc are good points brought up in the comments, but yes that's what the comments are for, so chill guys!
Very good car knowledge sharing!
Omg love this video! This video like clarify everything that we've ever wanted to ask! Thanks Kon! New 330e then! haha and while waiting for new G20. Cheers! Thanks Bobby too for this knowledge.
Hey Kon, I love your videos about the e39.