4 Steps to a Great Used BMW Deal

4 Steps to a Great Used BMW Deal

Posted on March 16, 2020

Buying a pre-owned luxury car is a decision to take seriously. Even when they're used models, high-end brands like BMW command a premium over regular vehicles, and it's important to get the best deal you can. Here's how to approach buying a used BMW while getting the most for your money.

1) Research Carefully

The used BMW market is a large one. There's a wide range of models and trims available, and the selection changes with every model year. This amount of choice means there's a used BMW for everyone, but it also means you need to know what you're looking for in advance.

Choose from stylish coupes like the 435i or 440i, or push up the performance levels with an M3. Explore premium sedans from the 3 and 5 series, or combine utility with comfort with the X3, X5, and X6 SUVs.

Whichever kind of used BMW you're looking for, doing your research in advance will help you zero in on the best option.

2) Set Your Budget

Deciding how much you can afford to pay for a luxury car is a little more complicated than with ordinary brands, as it's often about more than the sticker price.

Luxury cars sell in lower numbers overall. There's a smaller market for spares and replacement parts, meaning maintenance and repairs can be more expensive.

What's more, to keep high-end cars running smoothly, it's often necessary to use premium fuel, oil, and tires, which increases the day-to-day running costs. And of course, it always costs more to insure a luxury car.

All of these factors need to be considered when deciding how much you can afford to spend, so prepare your figures carefully before heading for the showroom.
 

3) Check Vehicle Histories

Once you've settled on a vehicle type and found a few potential purchases within your budget, check the history of each one for any problems. BMWs are solidly reliable cars, but it's still wise to check the number of previous owners, details of any accidents or incidents, and that there's a full service history. All this can be done using the unique vehicle identification number (VIN) provided with every car.
 

4) Get the Best Deal

Lastly, once you've settled on a used BMW to buy, it's time to show a little savvy in the showroom. Decide on an absolute upper limit to what you're prepared to pay, and promise yourself that you won't be swayed into going above it. Also decide on a sensible opening offer you can make which gives you some room to negotiate.

Once you've made your offer, always remember that as the customer you're in control, and you should never feel pressured into a purchase you don't feel 100 percent happy with.
 

Buying Your Used BMW in Toronto

The good news is, if you're looking to buy a used BMW in Toronto we'll take all the stress and risk out of the process. At Faraz Auto Sales we have over 18 years' experience in selling the highest quality luxury cars at the best possible prices, and we're confident we've got the right used BMW for you.