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Old 04-06-2006, 07:37 PM   #1
jedimario
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'92 750iL

So I went to the Food Lion Auto Fair this morning, I'll tell you guys about that later, but right now I want to tell you about this 7 I saw there that I'm considering buying. It's a '92 750iL, the guy wants $7,500 obo for it. It's the decked out one, V12, longer than a normal 7(At least the doors are), and it's got a phone lol. It looked to be in really nice shape, and KBB said it was $5,200-$5,700 depending on its condition(private party value). We looked at it briefly, and it didn't appear to be leaking or anything anywhere, except that dad said something was on the gas tank. The problem is, it's got the V12, and the milage on it is only 12/18 =S. I haven't looked at insurance costs, but it looks like it'll be right on the edge of what I can afford, aside from the fact that I don't have $5,000 right at the moment, although a loan is a possibility. I think dad would let me use the Accord for a trade in though, so that would help. I took only two pics of it , wish I'd taken more, but here are the two-



So I guess I want to know if any of you guys have advice or could share some personal experiences with this car. One more thing, I'd almost prefer a 5 series of the same year or slightly newer, but I poked around this one a little bit, and really liked it from what I saw. Thanks!
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Old 04-06-2006, 07:58 PM   #2
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I hope you realize that there's more involved with owning a car than just how much it costs and gas prices. Have you looked into what repair costs are going to be for a 16 year old BMW??? How much is insurance going to be for a 16 year old super luxury BMW (this is a 750 afterall)??? How much gas is gonna cost you in your area (V12)??? I assume this is going to be your daily driver. The real question is, at 17, can you afford a BMW??? Remember, you have to allow yourself some wiggleroom when buying a car. You never really know if there are any small problems that must get taken care of befire they lead to bigger problems .
If the answer to that one important question is, yes, Mummy and Daddy will take care of everything, then by all means, go for it.
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Old 04-06-2006, 08:04 PM   #3
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As nice as that car is, and as much as I love it, she just isn't suitable as a daily driver, at least for a teenager. I'd look for something with a bit less power and a more reliable.
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Old 04-06-2006, 08:35 PM   #4
99integra
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Those cars have the worst reliability of their class, the things break down every couple thousand miles, not to mention the parts costs for them.
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Old 04-06-2006, 09:22 PM   #5
jedimario
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Hmm, I just looked up the insurance, and well it's morw than $3000 for 6 months, which is kinda weird, a much newer S2000 was only like $900. Oh well, forget it lol
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Old 04-06-2006, 10:02 PM   #6
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There's a reason why you don't see many middle class people driving around in upper class cars...they're not affordable/practical.
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Old 04-07-2006, 12:43 AM   #7
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Quote:
Originally Posted by chris_knows
As nice as that car is, and as much as I love it, she just isn't suitable as a daily driver, at least for a teenager. I'd look for something with a bit less power and a more reliable.
Plus its huge. Sometimes I wish I had a smaller car as a first car and the Camry isnt all that huge. This is the flagship sedan thats also extended. But, hey, it you want it, get it.

I just think its funny the guy still has his groceries in the passenger seat.
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