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HOW MANY "PREVIOUS OWNERS" IS TOO MUCH?
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Just been browsing classifieds and was seriously put off a CSL (thank you Mike!) that has 5 previous owners... I then found a car with 2 p.o.'s that had done similar milage, and started doing the man maths.

Am i right in my thinking: will 5 previous owners have ragged the flip out of it and trackday-ed it a lot or will the 5 previous owners have all sold the car due to never getting to drive it, etc...

I think I'd be put off buying a car as owner number 6, no matter what additional info/service history was given...

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Cheers,

Ian

for me 1, i always get the one whose thrashed it with no oil or wrapped it around a tree ...

Updated July 3, 2013 at 10:41 PM

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WIBBLE

Mine had 4 when I bought it at 4yr old makes sod all difference. Buy on condition.

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Knackered old hairdresser's sh1tter

Si_ said...

Mine had 4 when I bought it at 4yr old makes sod all difference. Buy on condition.

^

I'd rather buy on actual condition rather than mileage or previous owners.

It could have been owned by one who leased it and ragged it from cold every morning without a care in the world, or it could have been owned by five enthusiasts who cherish their cars but like to try something else out frequently.

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cheers,

Harry

Too many old sheds.

Depends on the car. If it's a performance car I'd be put off personally. I was speaking to the owner of a BMW car club the other day and he was telling that a lot of the younger members on there are passing round these fast motors once they've realised they're actually quite expensive to run compared to their old Fiesta. Fewer the better IMO.

Chances are some owners spent nothing on the upkeep of the car and passed it on when a bill was due.

But then if its a specialist car and 30 years old then its going to have had a few keepers.

History with bills and 20 owners better than 3 owners with no bills imo.

With CSLs, the number of owners doesn't seem to affect the residuals too much, no does mileage (providing it is below 60k).

What does affect the value is the service history and whether or not it has the transferable BMW warranty. Even if it is a low mileage car, but has skipped any age related services (oil has to be changed every two years irrespective of mileage), then it won't get touched with a barge pole OR a huge price drop is expected. This is because these cars struggle to then obtain the BMW warranty, which is a must IMO. Basically it is as good as the original manufacturers warranty, with everything covered (but you have to pay for it, I pay £80 a month for mine, but the cost varies depending on mileage and excess).

So my advice would be to ignore the number of owners, buy on condition and warranty and then even if it has been thrashed, it doesn't matter a jot, as the SLIGHTEST thing that goes wrong, you can claim on the warranty.

My mate bought his from new and sold it last year for a 1M. In that time, it had over £60k of warranty work done to it :shock:. New engine, two gearboxes, the subframe and loads of other bits - suffice to say, the warranty enabled him to drive it like he stole it for ten years, and BMW picked up the tab :lol:.

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Nordschleife - there's only two barriers to worry about - the ones on the left and the ones on the right!

Mike RT4 said...

My mate bought his from new and sold it last year for a 1M. In that time, it had over £60k of warranty work done to it :shock:. New engine, two gearboxes, the subframe and loads of other bits

Shut the 4uck outa here :shock:

Of course £60k warranty work will be more like £20k actual cost to BMW, but still....

To the original question - I'm happy to buy on condition, but I'm always conscious that John Q Public gets the willies over mileage (which I kinda get) and # of owners (which I really dont get) so I'm always factoring it in from a resale perspective.... Which makes me as bad as them :?

mik said...

Mike RT4 said...

My mate bought his from new and sold it last year for a 1M. In that time, it had over £60k of warranty work done to it :shock:. New engine, two gearboxes, the subframe and loads of other bits

Shut the 4uck outa here :shock:

Of course £60k warranty work will be more like £20k actual cost to BMW, but still....

To the original question - I'm happy to buy on condition, but I'm always conscious that John Q Public gets the willies over mileage (which I kinda get) and # of owners (which I really dont get) so I'm always factoring it in from a resale perspective.... Which makes me as bad as them :?

Which is why with BMW labour charges, the warranty is essential ;).

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Nordschleife - there's only two barriers to worry about - the ones on the left and the ones on the right!

BMW warranty - biggest con known to man.

Franchises don't fix anything they plug and play new bits. Massive bills to replace new parts with 120 per hour labour.

My M coupe when I got it the warranty was 510 pounds a year they around about that time cottoned on it lost them lots of money and BMW sold / seperated that business .... making it loads more expensive.

Saying all the above if you are limited to buying new bmw parts then it might be worthwhile - more common models its easier to get stuff from somewhere like Quarry Motors.... who have a nice 1m themselves.

The black CSL on PH located in Scotland (with 3k more miles than mine and one less owner), just sold for the £35k asking price :shock:. Buy soon, as they're going up by £500 a month at the moment :o.

Not many people will run the risk of buying a CSL without the warranty - it is almost the first question asked (only second to how much :lol: ).

Updated July 3, 2013 at 11:25 PM

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Nordschleife - there's only two barriers to worry about - the ones on the left and the ones on the right!

Why tho? Surely a man like yourself can make a killing doing specialist fixes?

is there anything properly specialist on them other than the gearbox, which i doubt bmw ever actually 'fix' just bung another one (or actuator, or pump, or ecu ) in

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cheers,

Harry

Too many old sheds.

Yeah thats about it isnt it? Could be wrong.

SimonB said...

Why tho? Surely a man like yourself can make a killing doing specialist fixes?

Just the way it is. There are so few left (there are now only 300 currently in the country), that almost every single one is known to the community. They're so obsessed with these cars that most of the current owners on the forum have had a minimum of one previous CSL (they sell them and then the next car fails to deliver in the same way, so they come back to "the fold" :lol: ), some have had 3 or 4 :o.

There is one dealership in the UK that specialises in these cars (Elms Cambridge) and people travel hundreds of miles to use them, even over any other BMW franchise or independent, as they know the cars inside out. Where the typical BMW customer service is pitiful and as you describe (they're can't do proper mechanical stuff anymore), this dealership is capable of doing a full engine strip down and rebuild. Accordingly, people don't go anywhere else unless the distance is really prohibitive. Because of this, any CSL without a full BMW service history or warranty is treated with instant suspicion, but one that has sells immediately at asking price.

Updated July 3, 2013 at 11:54 PM

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Nordschleife - there's only two barriers to worry about - the ones on the left and the ones on the right!

s54 M coupes used to be the same which is why I'm interested. People still pay top dollar from hexagon for low miles cars but a bmw history isn't seen as essential. My own s50 had a fbmwsh before I sold it to John - the main reason for keeping it in the network was goodwill which ends after 10 years anyway.

SimonB said...

s54 M coupes used to be the same which is why I'm interested. People still pay top dollar from hexagon for low miles cars but a bmw history isn't seen as essential. My own s50 had a fbmwsh before I sold it to John - the main reason for keeping it in the network was goodwill which ends after 10 years anyway.


There is a 10k miles CSL at Hexagon for £53k :shock:.

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Nordschleife - there's only two barriers to worry about - the ones on the left and the ones on the right!

High maintenance cars generally have more owners than run of the mill stuff. You usually have someone own them for a year or two and then move on. That said it could be a one owner car and have been bounced off the limiter every time it was driven.

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Making pancake mix for your mums pancake tits.

My friend once bought an e39 535i with V8 engine and didn´t check the papers too carefully. Afterwards we checked that the car had had 35 owners which propably tells how bad it generally was :lol:

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-Mountune Performance-

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