BMW 3 series

[Anniiee24]

Hi guys! First post, would appreciate the help

I am looking to buy a BMW 3 series 320d, xDrive with 100k miles on it. It is priced at 21k and I was looking for some advice.

I am due to buy from a BMW dealership.

I have two questions

1/ do BMWs usually last at 100k for a good while or am I already setting myself up to fail?

2/ I am in two minds on whether to pay cash (as bank loans are cheaper) or finance. If finance (so I get some extras hopefully), I think it is usually with Blackhorse - will I be able to pay off the finance straight away? How much am I looking at getting charged extra? Should I take PCP/HP or does it not matter?

Thank you so much!

Personally , I wouldn’t be buying a car in excess of 50k miles & in doing so, I would be paying for it with a bank loan as opposed to taking up the financing option from the dealership , especially if I was looking at keeping the car for the foreseeable future & not hanging it back.

This is good advice. I’d also add that at that mileage things will be pretty worn and a higher chance of a failure. You’d definitely want to be considering a BMW extended warranty (I think they’re excellent value), but you may struggle to get one at that mileage.

As for getting extras with the finance, I’d be going in with a hard negotiating stance with that mileage and looking to get extras and a lot of money off or I’d walk away, without paying on finance.

Honestly I wouldn't even consider a car with 100k miles. Especially not at that price when you could have something nearly new without any worries.

What is it that's selling making you want to buy this car?

I always think that beyond 100k you’re into the area where some pretty big things might start to go or need replacing. No car will run forever. I can’t imagine that parts or fixing stuff is going to be particularly cheap with a car like that. Just my 2c.

That's a lot of mileage and £21k? I have the petrol version of that car and it was only £35k new (albeit mine is 7 years old), but mine also only has 54k miles on the clock.

Seems a lot of money but I’ve owned several diesel BMWs and Mercedes that go easily over 100k, you couldn’t entertain it in a cheap petrol but a well made diesel lasts forever.

21k for a car that’s done 100k miles would be crazy. I spent just over that on a 21 reg Audi A3 with 12k on the clock last year.

What year is it?
Looking on autotrader there seem to be lots of 2020 3 series diesels with half that mileage for the same money.

Also, a car is not an investment (almost never) It is a depreciating asset.

I would not be spending £21k on a car with 100k on the clock. Yes, cars can go a lot longer than that, but I wouldn’t want to pay that much for a car that could have major repairs or fair amount of wear and tear.