Right now I have a BMW 750i in that vintage. I didn't really want to buy it, but I had to get a car right away to fit a car seat, and the next door neighbor happened to be selling his at a price that was impossible to refuse.
Those cars depreciate amazingly fast, and also are the first to get the bells and whistles before they show up in the 5 and 3 series. To give you an example of the depreciation... it was purchased on the lot for $128,000, my neighbour buys it 4 years later for $60,000, and I buy it 3 years later for $15,000. It even had extended warranty when I bought it.
I had one "incident" where the transmission stopped working. BMW Calgary said it "needed" a new transmission for $10K plus labour. So I bought a used transmission for $3K through a parts dealer and sent it to an independent BMW mechanic. He determined that only a seal needed to be replaced for $300. So the transmission got sent back, I raised hell with BMW Calgary who eventually refunded my bill with them and took care of the transmission shipping costs.
The 750i drives great if you like a larger sedan type feel. It has oodles of technology and an amazing factory stereo. It has lots of power when you need it. Mine looks in near show-room condition inside and out. I was going to buy it and sell it after two years, but until I know what I really want to buy, I'm just going to keep it.
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