2016 BMW 3 Series Sedan 4D 340xi AWD 3.0L I6 Turbo

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2013 BMW 7 Series Sedan 4D 750Lxi AWD 4.4L V8 Turbo 

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In this inaugural edition of NADA Used Car Guide’s This or That?, we’re pitting two popular BMW sedans against each other: the iconic 3-Series and luxurious 7-series. Both can be purchased for roughly the same amount and are covered under BMW manufacturer-backed warranty programs. However, one of these vehicles was nearly $100,000 when it was new, and is now three years old.

While it’s somewhat hard to believe, a three-year-old certified pre-owned 2013 BMW 750Lxi with approximately 52,000 miles can be purchased for $1,282 less than the price of a new 2016 BMW 340xi, or $55,375 less than its original typically equipped MSRP back in 2013.

Current NADA Used Car Guide pricing places the certified pre-owned (CPO)[1] clean retail value of a 2013 750Lxi at $44,450. The NADA New Vehicle Values (NVV)[2] for new 2016 340xi’s range between $43,939 – $49,168, with average transaction prices of $45,732. The new typically equipped MSRP of a 2016 340xi is $51,045, or roughly half of what a 2013 750Lxi was when new.

As far as warranty coverages go for the 2016 model year, new 340xi’s receive a new vehicle limited warranty period and a no-cost scheduled maintenance program of 4 years or 50,000 miles. Certified pre-owned 2013 model year 750Lxi’s receive warranty coverage for up to 6 years or 100,000 miles from the original in-service date (up to 2 years or 50,000 miles from the date of expiration of the 4 year/50,000 BMW new vehicle limited warranty), and no-cost scheduled maintenance for the first 4 years/50,000 miles from the original in-service date.

Which would you rather have? A new 2016 BMW 340xi, or a CPO 2013 BMW 750Lxi?

 

[1] A certified pre-owned vehicle is a used car that is guaranteed or certified by the manufacturer after passing an inspection process. "Certified Used" or CPO vehicles are typically backed by the original vehicle manufacturer warranty and are eligible for benefits that a new customer would typically enjoy, like roadside assistance.

[2] New Vehicle Values that represent a typical range of what a new vehicle will sell for, based on actual market transactions and market influencers.