Is 14k USD too much for a first car?

Asked by Jun 07, 2016 at 10:29 AM about the 2008 BMW 5 Series 528xi

Question type: Shopping & Pricing

I want to get a used 2008 BMW 528xi with 50,000
miles and its $14,000, is that too much?

4 Answers

11,025

NO, not in 2016 But can you afford the service it will need? LOOK back in time 2009 (last year made) cost of a SATURN..Out of business..Original MSRP: $22,655 - $27,250 OK, nobody paid sticker for that but who would ever pay $15,000? ..... Always, purchase what you like you're paying for it! I like the 7 series BMW. Ok, but that's me NOT you. Regards

83,315

Your first car should not be a European make and only a select Asians like Toyota or Honda, try to stick with GM or Ford with GM being the least cost to operate. Like Auto stated, find the car you like and do diligent research on it, find actual costs of ownership, problem areas, and of course customer satisfaction, then when you find a vehicle that you like take it to a shop that does used car checks, believe me it is money well spent especially if they find something that could really cost you down the road. HTH

1 out of 1 people think this is helpful.
230

Check out the prices for the same car with similar mileage on CarGurus and Kelley bluebook web site (kbb.com). Off hand, $14000 price seems OK, depending on condition.

1,135

It doesn't make a difference what country your first car comes from. My first car is a Volvo V70, and with my experience with many other cars from friends and family, my Volvo has been incredibly reliable. They're great cars. As for the $14k Bimmer, no, it's not too much. Just be prepared to work on it. Otherwise, know a good independent BMW mechanic. I'm not saying they're prone to problems, but just know what you're getting into. Look on bimmerfest.com forums, and read up on the E60. I can't stand that these guys always have to come around on these questions and turn it into a rant on how all European cars are unreliable and not good enough for a younger driver. Don't listen to it, it's a load of BS. But since everyone else is going off topic, I will too. Just my $.02, if you want something cheap, reliable, and European, look into an older Volvo 850/S70/V70/C70. They're truly great cars!

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