Should you Buy A Cheap Used Luxury Car?

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ExoticCar PlayPlace

ExoticCar PlayPlace

Күн бұрын

Пікірлер: 275
@rommelgallego2943
@rommelgallego2943 Жыл бұрын
You said it Boss! “Life is too short to drive boring cars”
@ECPP
@ECPP Жыл бұрын
100 percent, thanks
@starwarskong
@starwarskong Жыл бұрын
The only luxury I like in cars is not seeing the dealer. 😂
@ECPP
@ECPP Жыл бұрын
That is a win for sure and some dealers are greasey
@starwarskong
@starwarskong Жыл бұрын
@@ECPP I try to DIY my vehicles, but I find the 5th-gen 4Runner with good effect, is one vehicle that’s easy to DIY.
@jayc4715
@jayc4715 Жыл бұрын
Sadly.. Toyota is probably the only option
@jackdawson3276
@jackdawson3276 Жыл бұрын
You are 100.percent correct! They are tremendous values! Great car if you are putting high mileage! Only issue I have is that they are dreadfully boring! I only put 5k miles a year now that I'm retired so I got a preowned Porsche with very low miles and a warranty. I also kept my 2019 Toyota Highlander as my everyday errand bang around car. If I was still commuting, I'd absolutely get a Lexus! I really hope they improve they performance and styling of the LS500 in the next 10yrs. I'll be pushing 60 by then and would definitely be more open to getting a Lexus.
@MJ-uk6lu
@MJ-uk6lu Жыл бұрын
That's why you get something sensible like Škoda Fabia or vRS version if you want faster sensible car. Basically the most sensible fun and cheap cars will always be based on regular car platform (minus Audi as VW platform cars are just rip-offs) like Peugeot 407 coupe.
@md2k8
@md2k8 Жыл бұрын
The cheap used luxurious vehicles that are reliable will be the 2003 to 2005 Mercedes-Benz E320 sedan, 2001 to 2003 BMW 530i sedan and the 2009 or 2010 Volvo S40 2.4i sedan. These are one of the vehicles that I will purchase eventually. Thanks.
@Flushandfit
@Flushandfit 3 ай бұрын
S40 hidden gem 💯
@hillbillyflipper3843
@hillbillyflipper3843 Жыл бұрын
I have never worked on a German Luxury Car but I am excited to learn. I'm an old country boy, I can fix 70% of everything that needs maintained or fixed. Put 'er up on the rack and get the tools movin! If I can't fix it no big deal, take it to my indy, they charge about 40% less than the dealership and do quality work.
@ECPP
@ECPP Жыл бұрын
Exactly it’s always worth a little wrenching
@andraefyre2508
@andraefyre2508 Жыл бұрын
I own a c300 and got it for a song. I agree that you should only dabble in used luxury if 1. You can turn your own wrenches or 2. Have some money to throw at repairs. Also, buying the right car is key.
@ECPP
@ECPP Жыл бұрын
That really is the bottom line. Thanks
@azmike3572
@azmike3572 Жыл бұрын
Which song was it? I'm a musician, and knowing this could be handy. 🙂
@18_rabbit
@18_rabbit Жыл бұрын
hard to imagine the c300 heavily discounted, but how old and miles/kms and price?
@oririona5462
@oririona5462 Жыл бұрын
I have owned 4 w204s 1 2008 C350,2 2012 300s, 1 2014 c63 and currently own a w205 2015 C300 2.0 turbo with 145k miles bought it 7 years ago with 11k miles very reliable car after 50k miles I’ve been doing my oil changes at every 5k miles done 3 transmission oil changes,plug, coils done at 100k, transfer case done it’s been my daily there’s no bad car maintenance is key to a long lasting vehicle. Getting a w204 get the facelift 2012 and up very very reliable vehicle can hit 200k miles easy and problems free
@jamesknight3992
@jamesknight3992 Жыл бұрын
I purchased a used E350 W212 three years ago and absolutely love it. Just need to add that everyone should not make such a purchase unless you have the money for services. The 80,000 mile service is $2,400.
@dominickvelezjr9171
@dominickvelezjr9171 Жыл бұрын
If I’m buying a used or new luxury vehicle, I’m only going Lexus. My wife and I have owned 3 in our lifetime, and each one has been rock solid reliable. Even the upkeep maintenance is very affordable.
@manfredwhite9418
@manfredwhite9418 Жыл бұрын
I bought my 2004 BMW 760li. I did the up front maintenance changed "All" the fluids brakes, belts so I know where I stand. I also found a shop that is knowlegeable of BMW's so I save a lot of money. Folks said I wouldn't do that. I change my oil every 6 months & my transmission fluids every 2 years. Again folks say I woundn't do that. Most of them have lost engines & transmissions. I have own my BMW 760 for 10 years with no major issues. My BMW has 130k.
@damirzanne
@damirzanne 10 ай бұрын
I just bought 2015 S550 with 80K miles for $29.000 , 2 previous owners , with older couple owning it for majority of that time … it is a dream car … few days ago I took new Toyota Camry and RAV4 for a test drive, and there is absolutely no comparison between those two with S550 , those two are like riding in a wheelbarrow compared to S class … life is too short to drive boring cars … hmmm … like I heard that already somewhere 😊
@srr1887
@srr1887 8 ай бұрын
Its not for everyone. Everyone could buy it. But not everyone can maintain its shape. Friend of mine bought an older audi RS5 for cheap, he literally spent the price of the car itself to maintain it.
@bobsebring2819
@bobsebring2819 Жыл бұрын
True, you got to have some extra money lying around for any kind of emergency. Hard enough to shell out your hard earned cash for any kind of emergency, but an extra hardship doesn't sound practical. Especially when you live from paycheck to paycheck. Above all else, one definitely has to have an affordable and reliable low cost vehicle to earn that pitiful paycheck.
@ECPP
@ECPP Жыл бұрын
Exactly, a little play money is super important
@LawrenceMarkFearon
@LawrenceMarkFearon Жыл бұрын
This was one of your best ever productions. Based on your own experience, it turns out that a lot of us have the same experience. Buyers just have to study the car completely before buying it and keep a reserve maintenance fund for backup.
@immilacarmela
@immilacarmela Жыл бұрын
nice car lawrence
@jermainephillips5179
@jermainephillips5179 Жыл бұрын
If you can't do your own mechanical work...steer clear of not just euro cars but domestic cars as well.a 10 spd tranny replacement in a f150 ain't cheap either...lol
@martyneary3501
@martyneary3501 Жыл бұрын
People buy cars for different reasons than dependability. I drove Toyotas for a couple decades, and once I test drove a X3 and my jaw dropped. I'm too old not to just have fun with cars as me and the IC engines won't be around much longer. I have 2 BMWs, an Audi and a Lexus. All together they haven't costed me, maintenance and all, as much as one new Grand Wagoneer. But, I would NEVER buy a used luxury car without an extended warranty.
@ECPP
@ECPP Жыл бұрын
That’s a good plan. Do the research and have a plan to keep from financial deatruction
@dsbennett
@dsbennett Жыл бұрын
Some years ago, I was looking for a car and decided why not buy a used Cadillac at a huge discount and enjoy the luxury for once. In shopping around, I noticed a big difference between dealer prices and private party prices. When I asked a dealer about this, he warned me I should only buy from him because only his mechanics could fix all the mechanical failures I would experience. When he was done predicting all the doom and gloom, I thanked him for convincing me to never buy a Cadillac! Ha!
@homiesenatep
@homiesenatep Жыл бұрын
Usually you cannot trust both neither a dealer or a private seller, but at least though when a dealer screws you, you can sue them at least, and you can’t with a private seller, that’s what I heard
@SamEye_Yam
@SamEye_Yam 8 ай бұрын
I bought a 2015 Lexus is in 2018 for 21000 Dollars with 17900 miles. I drove that thing about 90000 miles ovee 6 years with 0 issues. Lexus is a great option depending on what you want. Rich people do 3 year leases and don't drive their cars.
@quercus5398
@quercus5398 Жыл бұрын
Good brands, won’t depreciate like some other cars,be prepared for mechanic visits........but after that,you’re good for high mileage The pricey sports,and luxury is a good investment,buy for half the price,fix what’s needed.....and happy motoring!
@TheBattleMaster100
@TheBattleMaster100 Жыл бұрын
I love your advice my guy. Honest and straight to the point on what you're getting into before any Luxury car purchase.
@tommorgan1291
@tommorgan1291 Жыл бұрын
As a retired dealer , I would only ONLY consider Lexus for purchasing an older used luxury car. But 99% of you won't. So sad!
@zodiac909
@zodiac909 Жыл бұрын
I did and happy with the purchase! Es 350 👌🏽👌🏽
@hillbillyflipper3843
@hillbillyflipper3843 Жыл бұрын
2020 Porsche Macan S for me. I understand the cost and I'm fine with it. I love it
@tommorgan1291
@tommorgan1291 Жыл бұрын
@@hillbillyflipper3843 You love your car and that's what counts.
@TDK2K
@TDK2K Жыл бұрын
hey, more used Lexus for us!
@hillbillyflipper3843
@hillbillyflipper3843 Жыл бұрын
The Lexus is a great car. I just want my cars to go faster and corner like it's on a rail
@carolherbert1728
@carolherbert1728 Жыл бұрын
I bought a 2013 Mercedes Benz C300 5 years ago for 17 grand. I also purchased a bullet proof 5 year extended warranty which added another 3900 onto the purchase price. So for 22 grand I have a car that when new cost 52 grand due to added packages. Yes you do need to budget monthly for maintenance which is not cheap on a luxury car. I budget 150 a month for this. At present this car has 70 thousand miles on it. Once the warranty expires may need to sell it but I have never had so much fun driving a car as I have had with my MB!
@RZ-sh6yi
@RZ-sh6yi Жыл бұрын
Always really good advice. Im Not a mechanic or in car sales, but a car enthusiast. Your always right on. 👌
@ECPP
@ECPP Жыл бұрын
Thank you very much. Have a great week
@buckdashe2571
@buckdashe2571 Жыл бұрын
I wish I had adopted this philosophy earlier in my life. But I guess it enabled me to learn to hate noisy, bumpy, smelly, crappy rides. Always entertained by these vids!
@Jagshemasher
@Jagshemasher Жыл бұрын
Very good. I'd say a key factor in owning a used luxury car is how competent you are at being able to wrench it yourself - and you absolutely hit the nail on the head about knowing which ones to buy and which not to touch with a 10 ft pole . . . keep well away from 7 Series BMW's and Mercedes S Class. Range Rovers . . . .run as fast as you can in the opposite direction. I would generally say stay well away from used luxury car unless you are making > USD$150K or > CAD$200K per annum OR you are really good at fixing your own cars. . . . . but all that being said, just driving something that doesn't require constant maintenance and hassle saves your time ($) and energy . . . .and that is speaking as a mechanical engineer who can pretty well do anything myself given enough time. For me I weight time/stress of fixing my own car vs. driving something cheaper and less hassle . . .and if I want to go 0->100 mph in 6 seconds I have my Yamaha FJR1300.
@ECPP
@ECPP Жыл бұрын
Well that’s a good point there are faster and cheaper ways to accelerate, but wrenching really is the solution or having very deep pockets. Not having one of those is a recipe for heartache
@ithinkihaveebola5238
@ithinkihaveebola5238 Жыл бұрын
I bought a used Cadillac and I'm loving it so far tbh. As soon as I bought it, I scheduled an appointment at the dealership to have all of the essential fluids changed. It's really not that much more than my 07 eclipse I had. The fluids to get changed at the mitsubishi dealership was really almost the same price. The only thing about luxury cars is that the insurance is more expensive than an average car. (From my experience)
@konsen6149
@konsen6149 Жыл бұрын
Beautifully spoken if we care to drive without trashing your luxury brands actually it just a good experience and ownership compare to buying the boring and unexciting Lexus .
@ECPP
@ECPP Жыл бұрын
Well said!
@geoffk777
@geoffk777 Жыл бұрын
his is a very good presentation. Basically, the point to keep in mind is that maintaining any Luxury car is expensive, and anyone considering one needs to have an income or savings that would support routine servicing and repairs on this class of car. Keep in mind that parts (especially for cars like Bentleys or Ferraris) can be absolutely exorbitant. For example, a set of spark plug leads for a Ferrari is over $2000. This is especially a problem with in-car electronics and sensors. A 10-15 year old Luxury car will start to see these failing and requiring replacement. But they are only available from dealers, at outrageous cost, and the labor to re-install them can also be prohibative. You are correct that the depreciation on new cars also makes them a poor use of money. The best option is to buy a reliable, but relatively inexpensive used car, like a used Toyota or Mazda. The next best option is to buy a used luxury car knwn to be reliable, with reasonable parts. Lexus is the obvious choice, although Genesis, Acura and Infiniti are also possibilities. Sadly, most German, British or Italian luxury cars will end up costing more to maintain and fix than they're worth.
@GuitarsAndSynths
@GuitarsAndSynths Жыл бұрын
I love the old Audi R8 and Acura NSX exotics but prices have gone way up on used ones!
@ECPP
@ECPP Жыл бұрын
They have gotten out of hand
@PLATINUM2U
@PLATINUM2U Жыл бұрын
I love Lexus. But God they will put your ass to sleep behind the wheel. I prefer bmw but I'd never consider a cheap luxury car. It always leads to endless headaches unfortunately 😪
@ECPP
@ECPP Жыл бұрын
100 percent
@raphaelfrancis4509
@raphaelfrancis4509 Жыл бұрын
I still love cars with Hydraulic steering... So much more feel of the road surface...
@ECPP
@ECPP Жыл бұрын
I totally agree
@cjmhall
@cjmhall Жыл бұрын
I usually buy Audis that are less than a year old with around 10k miles on them and sell them when they are 5 years old. Most new Audis are sold with an Audicare contract so I end up paying nothing for maintenance or repairs.
@sutanharahap3574
@sutanharahap3574 Жыл бұрын
I bought used 2011 mercedes benz E 350 5 years ago ..till now no problem at all ..just regular maintenance 👍
@ECPP
@ECPP Жыл бұрын
Great 👍
@Tiger_Woo_dds
@Tiger_Woo_dds Жыл бұрын
This video speaks to me: bought 2001 330ci and 2014 e350 coupes thru cpo with no big issues. When i move into the woods, looking at a cpo 4runner with no complicated turbos, run flats, adjustable suspension, etc.
@michaela1655
@michaela1655 Жыл бұрын
I listened very carefully to everything you said. And I am sure that a CPO Lexus GX460 is my next vehicle.
@ECPP
@ECPP Жыл бұрын
Great choice
@ms._rover3397
@ms._rover3397 Жыл бұрын
Like that white G-wagon 🥰
@Kryptic1046
@Kryptic1046 Жыл бұрын
All I buy these days is lightly-used low-mile luxury cars that have already taken their big depreciation hit. You just get so much for your money.
@horrorfilmsRmything
@horrorfilmsRmything 4 ай бұрын
But aren't the repair and maintenance cost high? That's what's making me unsure
@Kryptic1046
@Kryptic1046 4 ай бұрын
@@horrorfilmsRmything I'm in a fortunate position of not having to drive a ton. I work from home except for one day a month, and don't travel much, so my maintenance costs are typically very low. If I was one of those people who had to drive like 20-30k miles a year, I probably wouldn't buy luxury cars as much or if I did I'd stick to Lexus, because at that point maintenance would be a much bigger concern.
@distortion77
@distortion77 Жыл бұрын
In European market Mercedes are just as reliable as Toyota because they aren’t built using sub standard parts - sad truth for Americans who want German cars
@Snowball042
@Snowball042 Жыл бұрын
Bought Honda and Mazda since the 80’s. Always economy. A couple Uber drivers I rode with put me on to getting a used luxury car. Bought a 2013 Mercedes ML-350 for $21k that has 60k mikes. Bought a bumper to bumper 4 year warranty for another $4k to cove any big repairs. I couldn’t be happier. Beautiful car to drive. Has a upgrade package so it retailed for about $60k when new. It was well taken care of and looks new inside and out. Well worth it in my opinion.
@philcottone2247
@philcottone2247 Жыл бұрын
I do what you recently did. I like bmw. Fun to drive. I bought my 2019 330i 1 year old with 7k. Got 30% off sticker. It had been driven by a manager of the BMW dealership. Once I start getting the fluid leaks like I know I will around 70k, I will repeat the process. I kept my 2010 too long. The cost of the repairs was outrageous and never seemed to end. And I take good car of my cars.
@gregsnavely9272
@gregsnavely9272 3 ай бұрын
i paid 20k a 15 e400 because I like that generation, like you said, its less electric more manual, and it has become my hobby, I have a mechanic I'm pretty close, so when I had a sway bar and suspension issue, he said do you want to go OEM, or it is compatible with e63 springs with a better sway bar, needed brakes, did red AMG brakes (I worked all that in to the 20k price, i got the car OEM for 18) while it was done I had him do a flash tune, now for 20k i got a used benz w 40k miles, gets tons of attention and it is a total sleeper.
@gangatalishis
@gangatalishis Ай бұрын
Highly depends on the car, down to the trim, but it can be worth it. Especially one that is only 5 years old.
@peterandrisoaia4638
@peterandrisoaia4638 Жыл бұрын
Very well said Mark !! Love your advice, especially on the European luxury cars 😀……but honestly now an older BMW ( especially the E93 335i / M3 ) is more fun to drive than a Mercedes !
@damirzanne
@damirzanne 10 ай бұрын
depends what you consider as “fun” … to me “fun” is not speed, but cruising around nice and easy, relaxing and listening some good music , so to me Mercedes is more fun to drive than BMW
@pm7805
@pm7805 Жыл бұрын
‘Depreciation’ is a most misused term. For example- If one buys a shirt (sensibly) do one has to worry about depreciation? Probably not. Because he/she knows that the shirt will not be sold back to the market. You use it to its full life and then discard it. But for an individual who changes shirt everyday he has to worry about the lost money and depreciation of the shirt hits him hard. Similarly, if one buys a luxury car and uses it to the end of its life no need to worry about depreciation.
@ECPP
@ECPP Жыл бұрын
That’s totally true if you plan to keep a vehicle for 10 plus years, the. Depreciation is a factor but far less as the costs more become based on maintenance repairs and depreciation becomes less of an issue
@pm7805
@pm7805 Жыл бұрын
@@ECPP totally agree. The key is to buy a reliable vehicle and keep it for longer. My 2009 Acura TSX and 2012 f30 are at the same stages. Both did not let me down yet. 😊
@candydigga
@candydigga Жыл бұрын
You are absolutely right! If you can work on your own vehicle, you'll save plenty of money. Example: 95 Jaguar xj6 needs a steering telescopic pin. Local mechanic said I gotta take it to Jaguar dealership; 1.5hr drive. Well I I end up doing it myself 🧐 Saved time/money
@billnye5183
@billnye5183 Жыл бұрын
I bought my 2015 bmw 650i with the N63TU with 84K miles and it was a risk but it was worth it I have 100K on her now with no issues at all and fresh oil every 5K miles and I change the air filters and other little things no regrets at all and I plan to upgrade to an M6 in a couple years I can tell mine was babied and taken care of
@jackdawson3276
@jackdawson3276 Жыл бұрын
Great advice! The BEST value is getting a used Japanese luxury car with low miles. All luxury cars depreciate drastically, but with a Lexus, you are getting worldwide leading reliability! No need for extended warranties or money set aside However, they are dreadfully boring cars! German luxury/sport cars are second to none in styling and performance, but you need to get an extended warranty and/or set aside cash for repairs. Also, they are best to purchase with very low miles initially, and only if you are going to put low miles on it. I bought a 2019 Panamera 4s with only 13k miles. Im only going to put 5k miles a year on it. I drove 2 states away to get it for 74k. In NY, similar car's go for 80-82k . With some of the money I saved, I purchased a 6 yr full warranty from a reputable company through the dealer for $4500 USC. This warranty actually covers the airbag suspension and according to my Porsche dealer, they actually are good about paying out claims! After the warranty is out, I 'll set aside 10k for repairs if I keep it a couple of years after that. Reasoning is that it may be cheaper to keep it a bit longer, even if I need to put money into it because it already depreciated. A newer car will depreciate as soon as I buy it. No car is a good investment! But at least cars like Porsche give you an experience unlike a generic mundane vehicle like a Lexus. You just have to be smart about it and set aside some cash. Im only in my late 40's and am retired with a 6 figure pension. Maybe I ll get the Lexus in my mid to late 50's LOL. Also make sure you can afford it! We make over 300k a year and have a net worth of over 4 million dollars with NO debt at all. We own properties in NYC that are appreciating in value in spite of Bidenflation!! We got what we have in part by NOT buying new cars and instead owning reliable Japanese vehicles that we kept for over 15 years each. We then used the money save buynot buying new cars every few years and invested it. Now we reap the benefits and treated ourselves to a financially dubious German car. (LIFE IS TOO SHORT TO DRIVE BORING CARS BUT ONLY AFTER YOU ARE DEBT FREE AND HAVE AT LEAST A MILLION DOLLARS IN ASSETS!) Even then, we still bought preowned and got a warranty and still have our 2010 Toyota Highlander Limited as a bang around car.
@turnne
@turnne Жыл бұрын
The other issue with these used luxury cars is the dealer service. They will absolutely do a job on your wallet.....opening the hood is probably $1000 on the Range Rover, Mercedes S class or BMW 7 series, at the dealer and then a few thousand for the repairs BUT..many of those dealers give you complimentary soft drinks and snacks in the waiting room
@ECPP
@ECPP Жыл бұрын
That’s true for sure. Gotta make us feel good about the cash spent at the counter
@GuitarsAndSynths
@GuitarsAndSynths Жыл бұрын
Only if you can afford the maintenance. I bought my M3 almost 15 years ago and it has been a wash after putting new transmission and engine work.
@ECPP
@ECPP Жыл бұрын
That’s fair
@alaindemon9749
@alaindemon9749 Жыл бұрын
Hey man, i like your channel and you give great advices! Recently bought a 10 years old bmw f30, for 1/4 of the original price, well kept and mantained, the deal was mindblowing, for the price of a new fiat panda, i have got a luxury sedan. Have a nice day!
@gameboyttv
@gameboyttv 7 ай бұрын
I love my used 2018 GLC 300 Mercedes, been an amazing car. I will say that depreciation has been brutal over two years of ownership. Paid $30k, and now it's maybe $20k.
@michaelmyers8931
@michaelmyers8931 11 ай бұрын
Sounds like really good advice all the way around I have some experience with that mindset I’m an Audi person I recently bought a 2019 S5 model I had it for two months and needed to spend $2000 for cooling system I don’t know how much a 2024S5 is but when I’m behind the wheel there’s no better feeling a great car a great ride thanks for all the info
@janrico904
@janrico904 Жыл бұрын
Luxury is what you consider it. 20 year old toyota corolla is a luxury for someone
@EndtheWokeMadness
@EndtheWokeMadness Ай бұрын
The newer german luxury cars are a bit of a tricky minefield. Like the BMW engines that have plastic timing chain guides that are quaranteed to fail. You definitely have to do your homework. My last 4 vehicles have been used Infiniti. Their 5.6 V8 and 3.5 V6 are super reliable, but they have a lot of suspension issues. I may go with Lexus next time around.
@alpascarella8794
@alpascarella8794 Жыл бұрын
If you're looking for a used Porsche, get a 911 997.2, or a Boxster 987.2 (S or base model). Otherwise, I highly recommend a Lexus or any Toyota based product, especially if it's built in Japan (check the door jam).
@smokeylake6732
@smokeylake6732 11 ай бұрын
No way I would ever buy any used Luxury car except Lexus.
@josephfong552
@josephfong552 Жыл бұрын
To me, buy what you want to drive and can afford, after 7 years the $/year cost should average out if you chose wisely. If around $4-5k per year, Ymmv, then you have gotten good value. Of course better if lower. My wife 09 escape is running us around 1800/yr (great value) It's just one way to look at vehicle expense to compare between your own car purchases
@immilacarmela
@immilacarmela Жыл бұрын
yes agree to you joseph 🍑🍑
@mikel2887
@mikel2887 Жыл бұрын
I'd take a brand new venza over a 5 year old luxury car any day. I know for 5 years, I wouldn't have anything but my car payment and oil changes. And at 5 years, I can drive it another 10-20 years so who cares about depreciation on it.
@ECPP
@ECPP Жыл бұрын
It is durable indeed and certainly problem free
@vincentb5119
@vincentb5119 Жыл бұрын
Smart analysis.
@DRFelGood
@DRFelGood Жыл бұрын
Mark,Thank you for your breakdown on these Luxury vehicles !!! Very refreshing 🇨🇦✌️
@NeerajChugh77
@NeerajChugh77 Жыл бұрын
Hello Mark It’s Been a Very Informative video. Thanks for making one. DIY to maintain your luxury car is a nice idea but not everyone knows how to fix these. All depends if one really wants to save on the costs then it’s better to learn and keep it fit. Rest I agree with you to have a preowned luxury car rather than a new mid segment car which will eventually depreciate to half of its value in five years for sure.
@gpsacme
@gpsacme Жыл бұрын
I prefer buying a brand new common car because the more common the car is, the more issues are sorted out at production. The less common car more issues it has. Moreover, diy is an addiction, but you have to understand your own time cost. If you are earning high wage or work in a mind challenging job, stay away from diy. Get a new one with full warranty. If you like it, keep it after those 5 yrs or get a new one again with a warranty
@ECPP
@ECPP Жыл бұрын
I can see that point for some people it’s just worth the price of admission
@albertlas2481
@albertlas2481 Жыл бұрын
It was like listening myself! Absolutely agree!
@Canadian_Gamer
@Canadian_Gamer Жыл бұрын
Now that's a thumbnail! I bought a used W204 C350 last year, zero regrets. It's in incredible shape, cash purchase. If the motor starts causing me trouble, bye bye. I will sell it "as is" and move on with my life!
@thomashelm6931
@thomashelm6931 Жыл бұрын
Again, it's phenomenal that we share auto "philosophy", but the timing is scary timing. I'm thoroughly enjoying my 2010 Panamera S. But I did buy an extended warranty and the Porsche dealership has "clout" in recommending items to be covered under that warranty. Arguably, better than an independent shop in the eyes of the warranty company. As a result, everything has been brought up to factory specs, other than spark plugs and coils that I can change myself.
@ECPP
@ECPP Жыл бұрын
Hi Thomas, how are things going this week? Great car BTW, Greta really likes the Panamera and we have taken a closer look at them recently. Beautiful rides and that console is really next level. Sounds like a great move on getting some extra warranty and a bit of extra maintenance covered at least buys you some time. With that said Porsche is far more durable than most others in its space. Yes if there is a little basic servicing that we can do, it just saves a little extra money. I leave some of the bigger items for dealers but manage the simpler tasks myself and there is always money in the table I would rather grab too.
@dsbennett
@dsbennett Жыл бұрын
BMW = Big Money Waster. A friend has a BMW. He's always driving his other car because the BMW can't go 100 miles without something breaking, failing, falling off. If it ain't one thing, it's a dozen.
@extra2743
@extra2743 Жыл бұрын
It's all junk while still in warranty full of repairs aka "Maintenance" lol Best is to fix enjoy for a few days and dump them immediately for a small profit The auction is good place to buy and sell bank repo's. At the dealership you will pay double for the trouble lol I love your videos and the enthusiasm Thanks
@18_rabbit
@18_rabbit Жыл бұрын
4runner is not 80K, but 52-66K in canuk-land. Were u thinking of the bigger ones, ie land cruiser and sequoia?
@deankamaruddin8211
@deankamaruddin8211 Жыл бұрын
i made a big mistake in buying a 6 years old 528i.endless money pit till u no longer having confidence in driving the car.never buy bmw again
@youtubesurfer1022
@youtubesurfer1022 Жыл бұрын
Early 2020 Bought a 2 year old c300 sports package for almost half the price sold new. 3 years later it's still selling for the same price I bought it for. (Low miles)
@mafolomielvis1981
@mafolomielvis1981 Жыл бұрын
I like the way you make sense when you talk. 🤔👍🏿
@neilbaptiste6091
@neilbaptiste6091 Жыл бұрын
We had a 2008 535 MSport 6 speed manual....Totaled rear ended. We looked for 6 months for the same vehicle without any luck... My wife asked me the dreaded question !!! Can we get the 2011 750 Li Msport N63. Welp she got what she wanted . But I did my research and read u pl on the BMW " Campaign " not recall. We took it straight to the dealer and recieved a new engine. We paid 5k
@Player-uq9et
@Player-uq9et 10 ай бұрын
I just bought a 2015 428i Msport with high mileages for 6k, which is less than the tax for a new one.
@ultimaetsolder
@ultimaetsolder Жыл бұрын
W212 Mercedes e350 I've read is a safe bet. 2009-2012 or so...
@ECPP
@ECPP Жыл бұрын
Nice
@davidwang2777
@davidwang2777 Жыл бұрын
Houston katy Toyota. MSRP 23000 Corolla cross L. Dealer ask for $32000 out of door. True luxury Toyota.
@ECPP
@ECPP Жыл бұрын
Sweet
@HLVIII
@HLVIII Жыл бұрын
That’s a rip off
@donnelson9283
@donnelson9283 Жыл бұрын
Yup, Absolutely OnPoint 💯. Always Have Financial 💵 Backup ! Through My Personal Experiences With These Similar Cars, Say Ur Definitely OnPoint ! 😉👌💯
@greymark420
@greymark420 Жыл бұрын
All well and good buying these cars much cheaper, but might cost the same in maintenance or when they go wrong.😁
@ECPP
@ECPP Жыл бұрын
There can be some big costs indeed, but there are always safer bets and worse bets. Just need to research the choices
@greymark420
@greymark420 Жыл бұрын
@@ECPP 👍
@izzcarrasco
@izzcarrasco Жыл бұрын
Just two Mercedes E350 OR E300 but my clear option would be a Lexus allday.
@ECPP
@ECPP Жыл бұрын
Cheers
@SacreDro
@SacreDro Жыл бұрын
Once the German cars get to 5-7 years after they are made, problems appear, in case the owners didn't have other production issues during this time.
@SacreDro
@SacreDro Жыл бұрын
Plus there is a reason why luxury cars depreciate fast and cost a ton to repair. go figure.
@v5k456jh3
@v5k456jh3 Жыл бұрын
Very helpful, liked and subbed.
@ECPP
@ECPP Жыл бұрын
Thanks for the sub!
@Raider19582
@Raider19582 Жыл бұрын
My new Corolla gives me good gas ⛽️ mileage and peace of mind....it's also fairly zippy!
@ECPP
@ECPP Жыл бұрын
Can’t go wrong there
@isaachunt5799
@isaachunt5799 Жыл бұрын
buy a porsche 911. camaro 2ss corvette c7 mustang
@ECPP
@ECPP Жыл бұрын
I love the Camaro ZL1
@nameblod
@nameblod Жыл бұрын
911 is one of the most reliable cars today
@nirniro1
@nirniro1 Жыл бұрын
Every video of you is fascinating Thank you man Keep the amazing work 🙏👍
@melrosabal3564
@melrosabal3564 Жыл бұрын
Great video bud
@ECPP
@ECPP Жыл бұрын
Thanks for the visit
@melrosabal3564
@melrosabal3564 Жыл бұрын
@@ECPP I have a 2013 650 i that was a gift a year ago from my son I’m retired living on a pension love the car but I’m terrified of the cost to fix it has 68k miles please give me advice
@YoPhocFays
@YoPhocFays Жыл бұрын
Love the channel
@ECPP
@ECPP Жыл бұрын
Thank you
@reneenordeen9447
@reneenordeen9447 Жыл бұрын
What do you think of a Lexus IS 250, 100K miles, for 20K?? I'm kind of considering buying one, but like you said, the repairs can be expensive on higher end cars, so I'm hesitant. I've got some money in the bank, but it's not fun money. It's my rainy day funds.
@doct101
@doct101 Жыл бұрын
My 08 is250 has 205k miles I bought it with 80k miles .. I’ve replace upper control arm right side .. alternator .. spark plugs and upper intake cleaning with new pcv … all those arnt crazy repairs nothing major it actually never left me stranded ever I drive it daily
@dennisnicolai2363
@dennisnicolai2363 Жыл бұрын
What about a W140 / S 420 long / 1996 / M119 engine / 5 speed automatic transmission / good used car or not, 196000 kms
@isaachunt5799
@isaachunt5799 Жыл бұрын
first. and nope never buy an old luxury car
@ECPP
@ECPP Жыл бұрын
Thanks and good morning
@robwhiff3411
@robwhiff3411 Жыл бұрын
Luxury used the exception is Lexus hands down , Mercedes and bmw are money pits know personally from close friends
@kingyos6710
@kingyos6710 Жыл бұрын
How about if you buy warranty like "Select Auto Protect" or "Endurance"?
@Akecherfd8424
@Akecherfd8424 Жыл бұрын
I would love to own a Mercedes suv. I don't have the money to pay the expenses of maintenance. If money wasn't the issue, many people would buy Mercedes, BMW and Land Rover to name a few.
@juhdah2146
@juhdah2146 6 ай бұрын
DIY skills. Damn right!
@ECPP
@ECPP 6 ай бұрын
That’s the way
@pepejuan2924
@pepejuan2924 Жыл бұрын
I bought a 2016 Toyota fourrunner in 2017 for 36.000 and sold it to a dealership in 2021 for 33.000
@ECPP
@ECPP Жыл бұрын
Great deal
@ibrahimalmotawa967
@ibrahimalmotawa967 Жыл бұрын
Dear, can you make report for Geniuses car? How are Reliability? Thanks an advance.
@merchantman6076
@merchantman6076 Жыл бұрын
Outstanding advice as usual. My problem is that I have a MB S Class coming off least after 4 years with low miles. Do I keep it or move on?
@robwhiff3411
@robwhiff3411 Жыл бұрын
Move on , money pit have had couple friends spending on parts and labor like there buying a new used certified car
@ECPP
@ECPP Жыл бұрын
Absolutely, it really boils down to how things have been and if you are good with keeping some cash available. Most of the S class vehicles are solid, but when they break, they break big
@merchantman6076
@merchantman6076 Жыл бұрын
@@ECPP Many thanks for your reply Mark, I'm retiring soon and will probably look into a Lexus LS, can't do SUV's due to my broken body.
@robwhiff3411
@robwhiff3411 Жыл бұрын
@@ECPP my buddies s550 I believe just cost him 7000k for and axel and 2 air bags fktht cute and all but no thanks
@amine_d
@amine_d Жыл бұрын
what do you recommend me between BMW E90 and Audi b8, budget 8000-10,000 Cad.
@kidFixx
@kidFixx Жыл бұрын
Can you please make a video on Panamera 2nd generation?
@williamholleman8673
@williamholleman8673 9 ай бұрын
Hi in Feb 2024 what car is falling like a rock. Thanks
@ECPP
@ECPP 9 ай бұрын
We should discuss
@tati0201
@tati0201 Жыл бұрын
Are Acura MDX better when it comes to maintenance cost? Im thinking of purchasing a brand new one soon.
@vincentco7995
@vincentco7995 Жыл бұрын
Theyre good vehicles. Some years have oil-burning issue, so do your research.
@rjsledz
@rjsledz Жыл бұрын
What about like luxury cars that are used that would be like sixteen thousand fifteen thousand you know amounts that people can afford what is your take on that I mean what kind of car would be worth that what kind of year you know like a Camry
@Jay-qn1cs
@Jay-qn1cs Жыл бұрын
Just get a used Toyota. Preferably the 3.5L engine. Mine has 195k miles... never any issues and still drives like it always has. No oil leaks or tyranny shifts.
@martinep6293
@martinep6293 Жыл бұрын
Not unless you are willing to learn, and I mean acquire expert knowledge. A lot a maintenance you can do yourself and when you wont do you will always know what is wrong. Price of a car = depreciation + maintenance/repairs + insurance Never buy without ALL maintenance records and expertise from the best techs. Do not buy if a teenager has driven it...or an adult that drives like one. This guy is not that old does he flip cars? In my case I put more than 500 kmiles on my first Porsche (a 924...not the best but under $3000) in 12 years though as a daily driver and only car...my cats LOVED that car ...crossed the Rocky mountains in winter too. Never called a tow truck in 12 years but opened the hood at least once a week. Never any engine or manual transmission issue...brake pads lasted 10 years...I dont use my brakes much. After 10 years it needed a new steering rack and shocks. The bad side: some guys want to race with you ... in the Chicago traffic. Dont fall for it. These days Ford dealers wont work on cars over 10 yo...barely broken in?! Porche dealers in my experience will never turn away one of their cars ($$$$$$ though).
@RedEyeC
@RedEyeC Жыл бұрын
What your car is worth, and what you can sell it for - are 2 separate things. Of course, you know this.
@ECPP
@ECPP Жыл бұрын
100 percent
@David-d4k9k
@David-d4k9k 25 күн бұрын
They’re ‘cheap’ right up until you have to replace parts.
@vichetkim5533
@vichetkim5533 Жыл бұрын
If keeping your job by ensuring you reliably get to work on time every time, you wouldn't want the used German or Euro luxury cars.
@donniee.2238
@donniee.2238 Жыл бұрын
Smh. I can't...
@TC-hs5wy
@TC-hs5wy Жыл бұрын
Theres no such thing as a cheap luxury car as they all command higher cost of service, higher cost of parts, and higher operating costs including insurance.
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