[DOD]Asprilla said:
Most folks I know who drive BMW's don't know why and they never tested anything else. They have been told they are great and so they want one.
There are other cars out there that represent a better deal.
This is a legitimate problem. For me, image is meaningless - I drive a Mondeo and used to own a Xantia at the age when image is everything. I simply buy what I personally feel is the best. I feel the 5 Series is the best, unfortunately, lots of people also feel it's a great way to have the neighbours think they are super cool - so they buy one becuase of the badge.
They neither know, care, nor appreciate many of the finer points of the car, settling only for the fact 'its a BMW'. The demand from these people keeps residuals high and, keeps prices up.
As a result, the 5 Series is many great things - but one thing it most certainly is not is value for money. I've never said it's a good value car, and I never will, becuase it isn't.
£9k gets a really nice 530i Sport now. However, said 530i Sport will be X or Y reg unless its very high mileage. £9k is a LOT of money for a 5-6 year old car.
Some of the bigger engined variants can be argued to be quite good value - 286bhp for £4k via a 97 540i anyway - but on the whole, they are often much older than potential rivals. Still better, IMHO, but not everyone is content to buy an older car.
I know it's a concern I've had, I posted here about it a few weeks ago.