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To buy or not to buy

Written by maryp posted on Monday, June 25th, 2007

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One of the questions that you as a BMW owner will eventually face is: “Should I keep this car or maybe start looking for a new one? I am not sure if I should get it fixed or not.”

This may sound radical, but one basic idea to consider: What is the car’s worth to YOU, not the Blue Book or Edmund’s value.

Do you love your BMW? Is it meeting your family or lifestyle needs at this time in your life? Are you wanting to keep the car for a few more years because you have other obligations at this time. Perhaps you are saving for college, a new baby or even a vacation home, etc..? Or, do you really want a new car that is the latest colour, because you just went blonde! Or now the older red BMW is clashing with the new house paint! (Oh, the problems…)

A repair bill that is in the 2K to 3K range may cover a down payment. But of course, the ongoing monthly payments will be adding up, (especially if you are looking at a brand new car.) However, if you decide to do a major repair, the rest of the year you will probably have “no payments” other than the routine maintenance.

For most of our customers, the taxes, ongoing registration, and increased insurance costs are also part of the equation when trying to decide whether or not to repair or buy a new car. All of those items can really become costly, quickly. (Ouch! Get my calculator)

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