buying a 2006 bmw with over 90,000 miles, is it a good investment?

David Welfare

Asked by Feb 24, 2013 at 06:25 PM about the 2006 BMW 7 Series 750Li

Question type: Shopping & Pricing

9 Answers

Tom Demyan

A car is not an investment, they depreciate each and ever year. But If your asking if you should consider a BMW at 90K, I'd say yes. You can save a lot of money buying used vs new, and if the car was taken car of and you have documented records,carfax. I'd go for it. Test drive it and have a 3rd party mechanic look it over for you for anything major and enjoy it. You might have some maintenance issues the first year, but after that it should last you well to 300K if you take care of it.

9 out of 9 people think this is helpful.

If you are looking for a car that will impress everyone you drive by, this is the car, but unless you have a lot of money for what will be extremely expensive repairs for this model, the car could drain your wallet. I'd never even consider buying a car like that UNTIL I have taken it to a BMW dealer (and only a BMW dealer) to be checked out top to bottom. There is a reason these car depreciate so badly, but when they run good they can last and provide a very satisfactory ownership experience. This will not be an investment, it will be a liability. Did you check how much it is too insure? You may want to do that, and you better get full coverage. good luck.

2 out of 2 people think this is helpful.
Steven Hershkowitz

I have to disagree with voltagefuel on a couple of points. I bought an '06 750i with 44K one year ago. I now have 56K. It has had some issues but for the most part has not given me trouble. First, if you have a trusted mechanic to check it out I would avoid the BMW dealer. The dealer service dept will recommend anything and everything in order to run up the bill and charge you a premium over your mechanic's price for anything you decide to do. Secondly, at 90K you're likely to have a timing belt issue within the next 20K or so. It's a good investment to get it done before that. Don't wait until you have the problem as that could be a very expensive ordeal. Lastly, this car has some funky computer issues - it will give you messages about mechanical faults that may or may not be as critical as they seem. I have had a driver side airbag fault on my car since day one. The dealer has reset it twice and it still comes back. However, they have assured me my airbag would function normally anyway if it were deployed. Also transmission faults are common with this year's 7-series. Your best investment if you buy this car would be to buy an extended warranty contract for it. Peace of mind in case of a major engine / tranny failure is priceless (and a lot cheaper than paying for that kind of repair!).

5 out of 5 people think this is helpful.

step on any landmines? I predict a never ending barroge of repairs---it's ripe!

Mark Learner

A great car, but personally I would hunt out a short wheel base model as they are slightly more nimble. Does it have a full service history and if so has it been done by a BMW authorised dealer? Depending on the price, I don't think the K's are an issue. The earlier N62 engines had problems with the valve stem caps leaking at around 100,000 kms however I haven't heard of this being a problem with the N62B48 engine. So basically and unbelievable engine with a serious amount of power and torque. You should find the car to be reliable and incredible to drive, I believe the 2006 750 Li's come standard with dynamic drive which is an absolute must if buying a 7. The difference this makes to the cars handling is incredible, making the big car handle like a much smaller one. The dynamic drive keeps the car flat when cornering making the whole thing a much more enjoyable experience and gives you the confidence to push harder when cornering. Things to be aware of I would say are the following, tyres are expensive and if you drive with enthusiasm you will find they don't last very long ie 12 months or 15-20,000 kms - in Australia I can buy Continental Sport Contact 3's for AUD 550 each....and that's cheap, but then again that's Australia. You should check the price of replacement tyres as this will become an issue for you. I believe that the car has a rear donut that can be easily destroyed under regular hard acceleration, although these are not too expensive to replace, it can happen with so much power pushing such a heavy car...finally even though this is an economical engine for it's age and capacity you still need to be prepared for larger fuel bills...this is a trade off that I consider to be worth while. BMW service intervals can be very long, I recently had mine service and the car tells me I don't need to have it service for 21 months or 2 years! Personally I wouldn't wait that long, I think it's well worth having the oil changed every 12 months. Good luck if you go ahead, I'm sure you won't be disappointed. Cheers Mark

3 out of 3 people think this is helpful.
Steven Hershkowitz

Boy Mark, it sounds very expensive to have a BMW in Austrailia! I was able to get Continental Extreme Contact DWS's, staggered fitment for about US$1100 for a set of four (Mavis Tire) installed. Regarding the valve stem caps, does this cause the exhaust to emit white smoke when idling? Mine has been very smoky lately when I stop for a traffic light or when I'm parked with the engine running. Also my oil level gets very low at times (no oil on the dipstick) and will take a couple of quarts to bring it back to level. Please let me know although I plan a trip to my mechanic very soon. Thanks.

3 out of 3 people think this is helpful.
Mark Learner

Steven, yep very expensive...and so is buying food, rent, electricity etc living costs a fortune. I have considered importing tires from the US for exactly that reason from a place called Tire Rack, they seem to have good prices and are willing to export. That doesn't sound great in regard to your valve stem caps. If you sit at the lights or stationary for 30 seconds or more and then floor it, do you see a cloud of smoke behind? The fact that you are using that much oil doesn't sound great either, these are symptoms I had. What model 7 do you have? From the sound of it I think it is quite likely that this is your problem. If so I would suggest that the heads need to come off and basically be re-conditioned. In Australia this is a $6,500 - $7,000 job! Anyway from my research I found that this is a problem is common with the N62 engine and clearly a week point with the design although I believe the blame can be partly directed towards the long life oil and long servicing intervals. As I mentioned before best to have the oil changed every 12 months to avoid it happening again. A couple of things to note, the cost in Australia to rebuild the head is probably double that in the US so I am guessing it will cost you $3,500. Also I complained to BMW Australia & BMW Germany and managed to get them to pay half my cost. At the time my car had done 90,000kms and had been a one owner in very good condition, so I was pretty annoyed about it. Good luck! Cheers Mark

1 out of 1 people think this is helpful.
Mark Learner

Sorry Steve just read your previous comment... "I bought an '06 750i with 44K one year ago. I now have 56K"

3 out of 3 people think this is helpful.

I've got a beauty of an 06, 750 Li w/63K on it. No problems but I have 4 other vehicles & paying winter storage for it. Car originated in Calif. Asking 18K. Bill H. 309.868.0352 Barbera Red. Call for flicks

1 out of 1 people think this is helpful.

Your Answer

Add photo

Related Questions

  • Which is cheaper valve stem replacement or new engine for BMW 750LI 56 answers

    I've experienced a problem with my BMW 750li of white smoke coming out the tail pipe during start up or idle. I've had it looked at and quoted $6500 for valve stem job among other repairs needed. I...

    2006 BMW 7 Series 750Li


    Maintenance & Repair

  • is the 7 series reliable 1 answer

    loking for a 7 series used car, what is the liability

    2008 BMW 7 Series


    Maintenance & Repair

  • Do BMW's last long? 41 answers

    I'm looking into getting a 2006 BMW 325i or a 2007 BMW 328i with no more that 35,000 miles is that a lot for a BMW how long do they usually last?

    BMW 3 Series


    Shopping & Pricing

  • Need help might be getting BMW! 14 answers

    I need help I was looking at a 2006 BMW 330ci convertible and I was wondering if this a good car has any one ever had trouble with this car before I really want a BMW and I love convertibles and this...

    2006 BMW 3 Series 325Ci Convertible


    Shopping & Pricing

  • 2006 BMW 3-series Expensive to maintenant 26 answers

    I want a 2006 BMW 325i this one that I'm looking at has 60,000-85,000 and I want to know how much a oil change will be! I drive a 2003 Volkswagen beetle deisol and to change the oil on that cost ...

    2006 BMW 3 Series 325i


    Shopping & Pricing

7 Series

Looking for a Used 7 Series in your area?

CarGurus has 5,769 nationwide 7 Series listings starting at $3,500.


Search BMW 7 Series Questions

BMW 7 Series Experts

#1 lweems
Reputation 1,440
#2 Vince Lee
Vince Lee
Reputation 450
#2 Tom Demyan
Tom Demyan
Reputation 450
View All

Related Models For Sale

Used Mercedes-Benz S-Class"
150 Great Deals out of 6,571 listings starting at $1,995
Used BMW 5 Series"
663 Great Deals out of 18,698 listings starting at $1,500
Used BMW 6 Series"
112 Great Deals out of 3,027 listings starting at $5,995
Used Audi A8"
41 Great Deals out of 1,754 listings starting at $3,995
Used BMW 3 Series"
1,352 Great Deals out of 38,577 listings starting at $1,000
Used Mercedes-Benz E-Class"
621 Great Deals out of 22,537 listings starting at $1,600
Used BMW X5"
483 Great Deals out of 13,986 listings starting at $2,900
Used Mercedes-Benz CLS-Class"
84 Great Deals out of 2,588 listings starting at $7,786
Used Lexus LS 460"
95 Great Deals out of 2,147 listings starting at $9,999
Used Land Rover Range Rover"
139 Great Deals out of 4,765 listings starting at $4,500
Used Jaguar XJ-Series"
67 Great Deals out of 2,862 listings starting at $2,500
Used Cadillac Escalade"
358 Great Deals out of 10,971 listings starting at $3,000
Used Dodge Charger"
562 Great Deals out of 30,915 listings starting at $2,343
Used BMW M5"
29 Great Deals out of 587 listings starting at $7,990
Used Mercedes-Benz C-Class"
723 Great Deals out of 29,294 listings starting at $1,495

Used Cars For Sale

2015 BMW 7 Series 750Li For Sale
34 listings starting at $49,995
2014 BMW 7 Series 750Li For Sale
3 Great Deals out of 71 listings starting at $37,722
2013 BMW 7 Series 750Li For Sale
3 Great Deals out of 149 listings starting at $32,995