Buying a used luxury car may seem like a great deal, but the reality of maintaining older European vehicles can be surprising. A recent case involving a 2006-2009 BMW 760 V12 perfectly illustrates this situation, revealing a parts cost that exceeds the value of the car itself.
The Surprisingly Expensive Fuel Pump
A fuel pump for the BMW 760 from this period, part number 13517560364, is being sold for prices ranging from $12,000 to $15,000 at European automotive parts retailers. Initially, many thought it was a listing error or an out-of-stock situation, but the truth is that these pumps, already rare, have reached exorbitant prices. The original list price was around $2,225 twenty years ago, showing an impressive appreciation.
Part Cost vs. Car Value
The BMW 760, equipped with a V12 engine, is a rare and sought-after model. However, the used market presents these vehicles at prices notably lower than the cost of the fuel pump. One example mentioned in the original article cites a BMW 760 for sale at $12,749, a price lower than the cost of the replacement part. This inverse valuation highlights a crucial point about the depreciation of cars and parts.
Why Are Vintage Luxury Parts So Expensive?
The price disparity between the car and the part reflects a trend in the market for vintage luxury automobiles. While the value of the vehicle depreciates over time, specific parts, especially for rare models or unique engine configurations like the V12, can appreciate due to scarcity and demand. The mechanical complexity and lower production of certain components also contribute to rising maintenance costs.
Attention to Maintenance Costs
This case of the BMW 760 serves as a warning for buyers of used luxury cars. The purchase price may be attractive, but it is crucial to consider the potential maintenance costs, which can be significantly high. Before acquiring a vintage high-end vehicle, researching the availability and price of replacement parts is essential to avoid unpleasant financial surprises. A running BMW 760 V12 may be an excellent car for $13,000, but at what cost if an essential part breaks?