Cap'n, I guess that's where we differ... to me, your example reinforces my opinion.

I think driving a 1986 BMW 735i for only $2000/yr in maintenance is CHEAP!! You are getting a high-end luxury car experience for that money.

As I recall when I was in the market, the 735 has a reputation for high maintenance, and can thus be purchased cheap. Well under $10,000 for a very nice example of that vintage.

So, compare for example the 5-year cost of ownership. Lets say you spend the whole $10K for a really nice 735 of that year, spend $2K/year for maintenance, and end up with a resale value of $5K. So a net cost of $15K over 5 years.

What's the nicest Toyota experience you can get for the same cost of ownership? Maybe a brand new mid-range Camry. Ok, which would you rather drive, today... and a couple years from now?

Also, taxes, insurance and licensing (in most states) are significantly less on that BMW than on a new Camry, which you also have to figure into the total cost of ownership.

So... I think you CAN get luxury for less. Less money, anyway. I still have to give the nod to the new Toyota for less hassle.

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1992 300E Sedan (Sold)
1999 E320 Wagon (Sold)
1995 E320 Sedan
1995 E320 Wagon