When you need a new car, you basically have two main options. You either buy a new car or you try to find the best used car possible. There are pros and cons to each of these two options. The advantages of buying a new vehicle are obvious, so we won’t get into details. However, the cost of a new car, especially a BMW, can be quite high. If you don’t want to spend – or don’t have – $40,000, your only option is to find a used car. Yes, there are some risks involved. The truth of the matter is that there are risks involved with buying any pre-owned item. However, these can be minimized if you know to look for and where to buy the car from.
Are BMWs Reliable Cars?
The first question that you should ask yourself is “are BMWs really that reliable?” The truth is that most modern cars are quite reliable. A car is designed to work perfectly for more than 100,000 miles. There are BMWs that have been running for years with minimal maintenance. However, there have also been cases of brand new BMWs who broke down suddenly. In most cases though, you can expect a properly maintained BMW to keep going for more than 100,000 miles. It is, after all, a German car. The production lines are modern and completely automated in large part. This has greatly minimized the potential for human error. So yes, you can safely buy a used BMW and enjoy it for many years to come.
Where to Find a Used BMW for Sale in Philadelphia
Now, the next big question is “where can I find a good used BMW for sale in Philadelphia?” There are so many options nowadays. The Internet is full of adverts. Also, you can find hundreds of BMWs in the local newspapers. Basically, you can buy a used car from a private seller or you can buy it from a car dealer. Again, there are pros and cons to each option. The advantage of buying from a private seller is that you can bargain. You can get a very good price if you have at least some basic bargaining skills. The risk is that you can easily get a faulty vehicle. The sellers may simply vanish and avoid answering the phone or returning your calls. You don’t have many options in this case, and repairing the car can be quite an expensive endeavor.
Buying a used BMW from a car dealer, on the other hand, is a more secure way to get the car. Yes, the price will be a bit higher, but you know you are buying the vehicle from a company that should stand behind the product. And if you manage to find a CPO (Certified Pre-Owned) car, you’re almost 100% certain the car will be in perfect condition. You won’t be able to bargain too much though. If you don’t like bargaining and you want to do business with a seller that won’t disappear after he gets your money, we recommend you buy the BMW from a dealership.
Cash or Loan?
The last thing you need to consider when you are on the market for a used BMW is the way you are going to pay for it. Again, you have two main options: cash or loan. A third option which may be quite advantageous for some people would be a leasing contract.
The benefits of paying in cash for the BMW is the fact that you can often obtain a slight discount. After all, getting the full amount in cash is the preferred scenario for most sellers. But you may not have all the money. If this is the case, you can simply get a pre-approved loan. It’s a good idea to avoid getting a loan from the dealership, if possible. In most cases, you will pay a commission for it and the interest rate will be slightly higher. However, there are dealerships that have pretty competitive offers.
Finally, keep in mind that there are certain times when you can buy a used BMW in Philadelphia and save money. For example, did you know that many car dealers have very nice Black Friday offers? Yes, it’s not just Apple and Walmart that have great offers. You can get a discount on your next car or get a better interest rate, if you wish to take a loan at the dealership.