Thank you so much for your excellent and thoughtful car content. I appreciate every new upload. I have said it for a year and still mean it. Your videos are so well done, you have true and important perspectives every time. Happy to catch this video and I absolutely hope you have a great day. Thanks again for your professional content. Thank you Mark!
I really do appreciate your support and I love sharing experiences and knowledge with viewers like like to watch. I know I help many and I certainly try to make content better and better. Hope you are also having a wonderful weekend. Cheers and chat soon.
@@ECPP Thank you so much for your reply. I absolutely do hope you have an excellent weekend. Your content most certainly helps a tremendous amount of people make educated decisions making car choices. It's great that their are kind people like you who have the grander publics interest. Thanks a whole lot and I absolutely look forward to more amazing Content. Thanks Again Mark!
I never bought a car with the idea of reselling it. They become my babies and I become emotionally attached to it. Especially, when you build so many memories with that car.
I agree Rob, I am also not one who generally flips cars every 2 or 3 years. If it’s a total heap like my 335 I don’t get too attached but for the most part we keep outs for 5-10
My car is my best friend and my pet. I bought the 1985 Toyota Supra and kept her for 23 years still runs great without having to rebuild anything at 300k miles when it was time to part for something with utility and seating capacity. I bought the 2005 Toyota Sienna to haul 4 kids around and hundreds of road trips. Kids have grown up, graduated and have careers but the Toyota Sienna is still running flawlessly like new at at 330K miles. Only major components needed replacement were alternator, starter, rack and pinion, timing belts, cylinder #5 igniter, catalytic converters. Because of car shortage, I plan to keep this Toyota Sienna indefinitely until cars become cheap and plentiful again like before the year of 2021.
Yeah I had my 98 civic for ten years with 387,301 miles it still drove when I sold it it was my mom's idea because supposedly I was Nicole and dimming the car not to mention moddong the car it was a daily but I realized a few years later I was glad I sold it no Bluetooth it was but I got the radio installed in 2012 so all these apps were not really popular yet so it wouldn't be compatible than a got a 2013 hyundai veloster was a nice car but it turned into a hunk of junk fast after 4 years at 142,591 the engine crashed on me needed to get a new one and it wasn't worth it so now I have a yaris I'm keeping this car till the wheels go off
Car manufacturers: If you can’t dazzle’em with brilliance, baffle ‘em with bullshit. The 70’s era Jag XJS was pretty nice but I guess nothing will ever be the same. It feels like we’re paying more and getting less and less
Absolutely true Emilio. It feels like cars are getting to the point where even an economy car are getting too expensive to buy for many and sadly the value is not always there. Lots of tech but mostly cookie cutter electrics that’s not worth 10 cents to the dollar if you had to pay for the upgrade. Ur BMW subscription services. It’s an exciting time but also the calm before the storm. Time will tell, but many of the older cars really are gems.
Bought my 2015 S550 AMG with 20k miles on Mercedes CPO for $61k in 2018 with a 4 year warranty. Since the car originally listed for $137k I would say some of your depreciation schedules are very optimistic. Quite a few of these cars sell for less than you are suggesting, ESPECIALLY if you are talking about the trade in value. But yes, the S550 has proved an expensive car to own and repair. Next time I will get a Lexus.
Great video! I often used the depreciation of BMWs as a lesson to my kids for why buying property is an investment but buying a car isn't. Liked the Expedition. You know, the Excursion diesels are still going for $25000 (US) even twenty years later. Can't imagine standing out in snow like that. Brrr!
Agreed bro I own a 2006 Lexus LS430 so relaxing and fun to drive everyday whether when going to work or vacations I’m never getting rid of my Big body Lexus sedan 😍🥰💎😎🤝
My FK8 is four years old 46000 on the clock. Set of wiper blades, rear pads and two tyres that's all I paid for. Boring definitely no one of the best handling cars I have ever driven. Reliable definitely yes. Next car Civic EHEV I live in the UK. Really impressed with comfort, performance, handling comes with a lot of toys. Reliable that's a given.
@@ashy7550 Me or the channel are hating? I like the bimmers, but let's be honest and put things into perspective for the money your paying you expect better quality. Bmw reputation and track record speaks for itself enough said.
I have my bmw but I plan on keeping it and I even got a second job as Uber eats so on my days off I can make extra money!! In case anything needs fixed, Growing up I didn’t have much and this is the first nice purchase I’ve ever made and I wanna keep it even if the value does go down it’s worth the V8 start up I have no regrets
@@ECPP I bought the 2015 650i m sport package with the N63TU it’s been driving good so far but the oil consumption is crazy lol no leaks tho either but gotta pay to play I guess
A luxury car usually stays in the market longer before a major redesign. The goal is the sweet spot where the new car is not as old, but still exciting to drive. The BMW 4 series F33 (2014-2020) can be purchased for $17,000 (60,000-80,000 miles vehicle) with a 3rd party extended warranty. The truth most of the population going to buy a vehicle in the 2nd hand market where the luxury vehicle is old and starting to show its problems. This is why people lease vehicles
That’s true a 3 year old car with an extended warranty purchased as a CPO can be great value and at a reduced buy in this taking away a large part of the depreciation
Great video Mark. I own 2017 S550 and am lucky I can do my own repairs. Just went out of warranty. Parts for any of these vehicles are not cheap. I am lucky enough to be able to do the work. I love my S class Mercedes. You are right; once someone owns these kinds of vehicles it's hard to go back to regular autos. Maintenance up keep is a must when buying luxury vehicles and that is where most people are at fault. Thanks again for great video.
Mark... As USUAL...Such and Awesome vid!!! Just cracks me up... Thank YOU !!! My 4 adult boys constantly tell me the GREAT Deals on Range Rovers... I keep telling them... You buy one, Don't CRY to me, cause on those I WILL Say ..."I TOLD YOU SO!" And BMW??? Love "You name it it'll fail!" and"Two arms & 3 Legs!) LMAO! The Alfa Romeo front grill is a throwback to the Edsel.
Haha, thanks Henry. I love making these types of videos. You are also right that there is a reason certain vehicles are affordable after warranty is gone. I have also loved that world, but the fact is either being a strong DIYer with many great tools or a very deep set of pockets, lol. Thank you so much for the support. Cheers
Haven’t watched this yet but I can predict anything German (except Porsche), especially BMW !! I’ve said this before many times, they’re empty money pits after 50k miles and/or 5 years old. I’ll watch later to see if my prediction is correct
Great video man. Range Rovers have become unreliable, wouldn't venture very far from the city with that car. And BMW, my my, they have been riding the downward slope for some time now. There are early eighties 2002's still buzzing around, that's when BMW still knew how to make reliable cars.
I knew you were going to pick a 7 series. However, what if you’re a person who buys the deprecated vehicle at a great deal? I recently paid $45k for a 2019 BMW 740xi long version with the B58 engine, a $95k MSRP. It was CPO until August 2024. I paid $6k to extend the CPO wrapper warranty out to August 2016. That over 4 years without worries and the car will still sell for over $30k in 4 years, so I can recoup much of my original purchase price, but I do plan on keeping. You need to mention to let the dealer take the hit on the Lease, then purchase.
Yes that’s a great buy on a wonderful car. The V8 engines get to be a mess after a few years but that B58 is the heart and should be solid for a bunch of years. Overall a great buy.
basically any MERC BMW AUDI VW RANGE ROVER .avoid all the above and you'll be ok lol. buy any old crap as a daily driver and have a special car for summer. we have a nissan leaf as our daily and i have gen6 camaro ss summer car.
For sure great approach. A special car is great for those nice evening drives or those special events but the grind is better suited with a beater such as an older truck.
I can't argue that AR stelvios depreciate. I bought an 18' stelvio ti sport. Never regretted it. The only thing I regret is buying an extended warranty. Which I haven't used and signs point to won't ever need to use it. I have 60k miles on it, haven't spent a dime. Dealership is top notch customer service. Got with 30k miles on it. Previous owner had no problems. It is not only solid as a rock, I feel it is more reliable than my forester 16'. Thanks for noticing the depreciation. Also thank you for not joining on the bandwagon which is knocking alfa romeo through 1985 lenses. I didn't see anything bad in the first 60k miles. Please don't knock alfa romeos reliability. Everyone knocks it, 0 of those people have put considerable miles on a AR car. I challenge you to get a ti sport or qv. I wouldn't buy one new. I would get one used, just like you and I would.
I tend to wait until something I like hits rock bottom then buy just before they start to appreciate. That softens the blow of maintenance. I just bought a high spec 6 cyl 2007 BMW E92 coupe for £2500 with just 95k and regular oil changes. It also helps when your cousin is a BMW senior technician 😉
Good video! Honestly, for me car depreciation rate is one of my last thoughts. I love cars and spend a lot of time in them for work. Of course I know cars depreciate in value and some more than others, but I'd rather spend money on a car I LOVE than half of that on a car I don't that's more "reliable" and "depreciates less".
Well done and spot on! Let the wealthy take the hit. My neighbor buys used Mercedes all the time for his family. They buy mid to higher end models when they are down to $10-20k range and drive them for years, til they break or get wrecked. They don't end up having to spend a ton on them either. Meanwhile drive beautiful roadworthy, safe cars for not big money.The other side, is like what I did buying a 2008 Jag XJ 2 yrs old for just over 1/2 the sticker price , in 2010, with a terrific warranty. Still have it!
ALL vehicles are nothing more than depreciating liabilities! That said, purchase a 5 - 10-year-old Toyota Corolla, pay cash! The money you save in repairs and depreciation will allow you to retire early!
Hey Mark, Can you please advise on at what point do you decide to sell a car that is costing you too much to maintain? Because your always hoping “this will be the last fix” and it just digs you deeper and deeper in cost
Alfa Romeo have very weird quality control issues. I sat in a newer gen of Giulia and the dashboard literally rattled and the glove box fell off at first try of opening it at car presentation from Alfa Romeo
Italian cars have always been very hit or miss in that way. Why anyone would want an Italian SUV though is beyond me. If I was going to buy any Alfa, it would be the 4C Spider.
@@48hourrecordsteam45 It was fixed and among other problems; However, a family w/ a young son is more important than a 760i especially a 2005. Now that I’m about to retire going for a 2017 to 2021 760li low mileage. I was looking for the 2013 Special 25th edition. I’ll just go for the updates will see in 2023.
Thank You for another great video ! You explain things well and you keep things moving along,this video was enjoyable,informative,and interesting . Bravo !
The dealer lent it to me for a long term review so I did not have it for very long but it was flawless and I loved it. The only issue I had was a tire pressure sensor. Those cars can have carbon buildup and the infamous crank hub, but otherwise they are fairly solid. With higher miles I know coolant leaks and oil leaks may happen, but stay on top of that and you will be fine. Still one of the best true driver cars in this price point.
Thanks for this video. Very helpful for the guy trying to buy a great car but doesn’t have much knowledge about the actual quality or ability to maintain value over time. You seem to defer to Lexus a lot as an alternative. Do they just make a great product across the board, in your opinion?
Of all the cars on your list my soft spot is the Jag n I bought one in the mid 60s a very old one by them days standards as they used to rust n deteriorate a lot more than today, everything was horrendously expensive from the fuel consumption to parts n maintenance in the end I learned a very valuable lesson n never bought another expensive car unless you are a high end earner its really totally mad to buy a car like that But it was Brilliant to drive
A shame about the Range Rover. Elegant car. The inexpensive resale cost, even at 3 years, is a red flag. I'll stick with a Toyota 4Runner. Same with the BMW. I've been looking at the Jaguar F type more. The F type R is holding value, when, arguably The four and six-cylinder models are not. 911s are ridiculous. Good video Mark!
Thanks Thomas. Yes the 4Runner is a great reliable rig and worth driving a long time. The 911s are getting silly but it seems more at the lower cost cars. It seems the newer ones are closer to where the prices should be but 996 and 997 cars were getting silly this year. I did notice even my F Type took a big hit and I got a great deal as a result since I bought it a couple years old. New was 130 and I bought for about 75 CAN. Now prices are holding well so the future may say something else but it seems like the sweet spot is an R or SVR and getting it at about 2-3 years old and buy the extended warranty for piece of mind.
@@ECPP I agree with those observations. Thoughts on the six cylinder supercharged? That's about the price point I have. The R type is still a bit high if I want anything within 3 years.
"You throw a 100k at something and may only have 20-30k left after 5 years!!" That's the Canadian dream Mark, didn't you know? Canadian's love to take on massive debt, trade in their cars after 2-3 years while still owing thousands on existing car loans. It's all about keeping up with the Joneses.
Haha, for sure, for sure, for sure, upside down on loans is pretty common these days. The next shiny thing is what people get attracted to and they drop the last.
These cars you show are really nice though. I do agree with this list and I appreciate your time in these videos however mentioning Lexus and Acura a lot for alternatives while these brands good in terms of resale and known for longevity they are so boring and uninspiring it can make you sick. I’d buy a Mazda over those two brands. Also people who are buying these cars really don’t care about resale value too much. I bought an Alfa Romeo Stelvio because I like it and it fits my personality regardless of the cost of owning it. People should realize that if they can’t handle the resale value or if they are on any kind of budget or have any kind of debt they shouldn’t own cars like these anyway.
Living in Winnipeg, I love seeing the snow in your videos. Plus I always look forward to your “catastrophic engine failure” line…..it’s truly EPIC in my books. Couldn’t agree with you more regarding these piece of crap money pits. But….unfortunately most people don’t do their homework when they spend their hard earned cash on vehicles. Your channel sure helps that aspect of vehicle shopping. We have a 2021 Subaru Outback XT with the new 2.4L Boxer Turbo engine and really love it. Subaru’s Symmetrical All Wheel Drive is one of the best, and apart from me not being the biggest fan of CVT’s, Subaru makes their own and it’s one of the better CVT’s out there. The engine is the gem, though. Smooth & quiet with power to spare. Thanks again for all you do. Great videos! Happy New Year from Winnipeg 🎉👋👍
I always buy the end of the model run BMW Series. My favorite is the one year old loaner cars. First the new model is coming out…discount. Second, BMW has worked out all the issues on that model run. It’s typically loaded, I prefer non M models bc the tires are all the same size and they’re not too low…curb rash. My latest 2016 535i has 70k miles with zero issues. Rides like a freight train down the interstate, has ride control when you want to get frisky. Love the good looks and driving pleasure. Worth every penny.
When I see 25 yr olds working at fast food restaurants and warehouses buying or driving a used 7 yr old Mercedes/Audi/BMW with 70-160 miles on the dash, I laugh because they have no idea what’s in store as the vehicle starts breaking down out of warranty and the payments are stretched for 6-8 yrs with crazy interest rates but low monthly payments knowing they’ll end up getting repossessed and the drivers with bad credit dodging collection calls.
It seems that the main problem with these manufacturers is that they are unable to create a reliable engine and transmission. Maybe the simplicity of an all EV car will improve their reliability in the future, since they are pretty good at creating beautiful car bodies and interiors?
@@isaachunt5799 Lets say it like this though: In Germany no one buys an S-Class. Its rather an company financed vehicle with tax advantages or a leasing vehicle with tax advantages. After about 30k km on the mileage the car goes back to the dealer and has a rest value of about 50-70% of msrp.
great video, Japanese cars usually hold a better value and I know they are not fancy like the ones in the video, I am selling my Mazda 3 I got in 2018 for 32K in Canada for 25k in 2 weeks :)
Cars are not "investments" like property or stocks for the most part unless you are buying a collectors car. Yup there are a lot of lemons out there but my Honda crv had for 11 years at 125k miles and the bottom is rusted out so you never know what your going to get even with a so-called great low cost good value brand like Honda. Looking to step into entry BMW x1 and will probably get extended warranty and hope to keep 6-8+ years with minimal costs and just enjoy it for what it's worth. Not everything is a trade off of what is the most value I can squeeze out of something as opposed to just "living and enjoying"(if you can afford it). I do agree with the cars on these reviews that they are bad so keep up good work - if I do go the route of new x1 please review but looking to get that 6-8 years plus out of it. Thx
I see you're in Western Canada. Don't you think you should differentiate between warm weather areas and cold weather ones. I live in California and drive Audi A8's and have had several Lexus cars through the years without any problems. My cousin who lives in Edmonton, Alberta had to replace the water pump on his Lexus at 80,000 miles. Unheard of in California. And don't get me going on electric vehicles and cold weather.
I wish that either the Japanese car companies would hire German designers or the German car companies would hire the Japanese manufacturing engineers and quality control team.
🤣 Audi is such a endless moneypit, years ago my friend bought a brand new Audi A8L,spent over 90K & it broke down so many times in 4 years including the audio head unit ,suspension issues ,multiple module failures, airbag recalls ,he got tired of that he gave it to me for free , I promptly sold it & it got exported to Albania .....wanted nothing to do with this moneypit, still got a extra new driver's side airbag for it
We keep our vehicles for 12-18 or more years. As long as they stay reliable, we keep driving them. The money we’ve saved by Not buying a new vehicle every year, we’ve invested into real estate / rental properties.
All vehicles depreciate unless it's exotic supercar and even some of those depreciate. If you don't want to lose a lot of money from depreciation don't buy a luxury vehicle.
@@mikefoehr235 Goody Goody for you... Not everybody wants a Toyota. A 2020 Toyota Tacoma is worth 63.5% of it's original value after five years and 60k miles. They depreciate more slowly than a lot of other vehicles but they still depreciate. The only reason car sell at or above MSRP it's because of the current shortages of new and used cars. When the market stabilizes a lot of used cars are going to drop like a bomb including Toyota.
@@williamegler8771 Is that right. Weird that the brand sells the most on the planet...dead heat with VW. I Understand it's hard for you because you are an @$$whole
These cars are all hat and no cattle , imagine buying one of these beauties and it gets totaled on the way home , unless you have the proper insurance your still going to owe on it and the biggest scam in car selling history is how cars depreciate as soon as you drive it off the lot , hey i like how Toyota changed the look of the prius and upped the engine hp , I don't live in Buffalo but 3 hrs away, some areas got 70 inches of snow , the bills are supposed to play in Detroit, If they got out in time , thanks for the info, I hate throwing money away
Thanks for sharing Phil, I agree, I don’t like throwing cash away either, if I feel the value is not there . For fun Saturday night drives warrants a soeci car and that’s an investment for my mental health. Otherwise dailies should be low impact, lol. Yes quite the snow down east right now. Stay warm
Hey Mark I’m confused, I want to buy my first fast car, don’t wanna over extend, want something in the 40k to 50k range used, preferably V6 or V8. Don’t want a money pit as I know I won’t be driving it much. What would you suggest? How about Nissan 370? I’m not a car guy so would love to hear your advice ❤ Based here in hamilton Ontario
In that range I would buy a manual V8 Camaro or Mustang as they are fun and manual is interesting and while they are not as reliable as a Lexus, they are reasonable
When you're buying a high end vehicle, the depreciation is something you have to be willing and able to simply live with, realizing that it's the cost of doing business and having your dream machine. If you're worried about trade in values on cars like these you're shopping in the wrong price bracket.
A Jag really! Year after year, Jaguar ranks well below the industry’s average in terms of vehicle reliability according to J.D. Power. In 2020 and 2021, it even appeared in the top three worst car brands. As for the Consumer Reports magazine they give it a predicted reliability rating of 2 out of 5. What are the problems with them? Just the transmission, the engine (including the cooling system), the brakes and the suspension. The electronics also tend to act up, especially the displays and the multimedia system. Other than that they are fine...lol And you wonder why people are giving them away on the used car market...I wouldn't walk away from a Jag...I WOULD RUN!
Lmao I got so offended when you insulted my Qx80 then I realized I bought the limited top of the line one for under 25k used last June, so yeah they don’t hold value but they’re reliable and I think they are nice, the interior is nicer than my co workers Navigator
How do you recommend Mazda series 3 (2021-22 )for a 22 year old guy who needs his first car and prefers quality materials over performance and is on a budget?
What car new can be sold with almost no depreciation after five years? I mean…not an exotic in limitation production, but a normal car, luxury, non-luxury etc
@@mikefoehr235 learned the hard way and bounced back to Japanese car but some Japanese cars aren't so good neither like mitsubishi and some Subaru Nissan as well
Ah, BUT it is an Audi. Something you could love - and get frustrated by and get pissed off at. But days and years driving an Audi or BMW are so rewarding aesthetically and dynamically, vs a Japanese car, might be worth it. Especially given the Lexus policy of making ugly freaks.
@@ECPP Indeed! and you had the full experience with the BMW a few times over. I have a 2015 Q5 and it is giving me some anxiety at 101k miles with the usual...but it looks and drives darn good. I've seen many of your videos on the BMWs, but still I'd be excited (though nervous) to get one (used).
@@elroz1675 Q5 is a boring vehicle. I've had an A6 quattro sedan for 13 years; it was boring but loved it. Along with the A6 I also owned a 6 Series coupé which was fun. Back in 2019 I moved away from A6 to an XF, which is also fun to drive.
@@elroz1675 I bought a used 2013 Q5 two years ago. It now has 93K km. I rented brand new Honda CRV and KIA Seltos during my vacation and they don't compare to the Audi. As for issues, the Q5 loses some oil but not that much, 3/4 liter every 10K km but that's the time I get the oil changed. The other niggling issue I have is the temperature sensor. I get a zero reading from time to time but other than that the Q5 runs great.
Who dosen't have money to have regular mantenances is suggest they take the bus😂😂🤦♂️ i have a x5 E70 and compared to the fragility of mercedes and audi volksvagen i prefer bmw.
I'm hearing overtones of Savage Scotty here. . . .German luxury cars - money pits . . . ask me how I know and whatever Germany can do Italy can do better with Alfa taking the cash burn rate to a whole new level. Infiniti QX80 - what an ugly car. A friend of mine had a 2009 Jag XF supercharged and it was incredibly reliable . . . he had it for more than 10 years.
Haha, yes the only Italians worth the hassle in my opinion come from Lambo and Ferrari, which have an astronomical burn rate but do deliver on the fun factor, lol. Yes I also agree the Jags are not as unreliable as many claim them to be. A Camry, they are not, but thank god.
