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I bought my first BMW and latest BMW sight unseen. I spent time on the phone with both sellers getting answers to all of my questions. My attitude and strategy was this — if I was unhappy with the car at delivery, I would simply re-sell it as quickly as I could.
My first purchase was from a dealer. As it was my first BMW, I simply did not know the right questions to ask. Turned out there were quite a few maintenance items that had been neglected. But I kept that car for 12 years and sold it to my brother.
Latest one I just bought in March. Seller pushed the car as average in condition, even for a 2009. So, my expectations were lower but so was the price. When the car showed up, was in much better shape than expected. Paint was about 8/10 while interior was nearly perfect and still had the BMW scent. Car had some maintenance issues but was a good buy.
I have also made remote deals on CPOs, where I would fly in to sign paperwork. However, they were within a 1 day drive to get back home.
So, the key to this being successful for me is this — can I Quickly turn around the car for a $1k or $2k loss if I’m unhappy with the purchase? If so, I’ll take the risk. It’s only a long term commitment IF I decide to keep the car.
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