View Poll Results: Please pick which option you would choose!
Option 1
26
92.86%
Option 2
2
7.14%
Voters: 28. You may not vote on this poll
545i Engine Replacement!!! Please Help
03-26-2013 | 07:54 PM
#1
Thread Starter
Senior Members
Joined: Sep 2007
Posts: 1,241
Likes: 0
From: San Antonio, Tx
My Ride: 2004 545i SMG
545i Engine Replacement!!! Please Help
Short and sweet 2004 545i 65k piston head was hitting cyclinder cover, massive failure need a new engine.
Option 1
Warranty will replace engine with a used engine from San Diego that has been sitting in a junk yard for almost a year. Engine has 54k on it, carfax report says car was totaled but doesnt list what the damages were to the car. Total cost for used engine replacement is $7,280, warranty fully covers. Pros cost me $75 deductible. Con Used engine, but told I can extended my warranty on used engine. Resale value probably goes out the window.
Option 2
Buy new engine through BMW which cost $17,000, warranty will only cover the $7,280 and I will have to throw down almost $10 G's. Pro car has a brand new engine. Con $10,000 out of pocket. Resale valve may cover cost of $10,000 but unsure.
What should I do???
Option 1
Warranty will replace engine with a used engine from San Diego that has been sitting in a junk yard for almost a year. Engine has 54k on it, carfax report says car was totaled but doesnt list what the damages were to the car. Total cost for used engine replacement is $7,280, warranty fully covers. Pros cost me $75 deductible. Con Used engine, but told I can extended my warranty on used engine. Resale value probably goes out the window.
Option 2
Buy new engine through BMW which cost $17,000, warranty will only cover the $7,280 and I will have to throw down almost $10 G's. Pro car has a brand new engine. Con $10,000 out of pocket. Resale valve may cover cost of $10,000 but unsure.
What should I do???
Last edited by jdcinc21; 03-26-2013 at 07:57 PM.
03-26-2013 | 08:11 PM
#2
Members
Joined: Jul 2011
Posts: 88
Likes: 0
From: Chicago
Resale value doesn't go out the window at all... This doesn't get reported like a car being totaled out. You have a lower mileage engine going into the car that's being professionally installed...
545's aren't worth much more than $10,000 to begin with. Yours is perhaps worth more because of the lower mileage but there is no way you're recouping anything even close to $10,000 by going with a new engine over a used one. I don't even know where you get this idea that a used engine will take anything away from the value.
1, 1 all the way.
545's aren't worth much more than $10,000 to begin with. Yours is perhaps worth more because of the lower mileage but there is no way you're recouping anything even close to $10,000 by going with a new engine over a used one. I don't even know where you get this idea that a used engine will take anything away from the value.
1, 1 all the way.
03-27-2013 | 04:47 AM
#4
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Senior Members
Joined: Nov 2009
Posts: 441
Likes: 2
From: Austin, TX
My Ride: 545i sport
Model Year: 2004
I think the used engine with 11k fewer miles will increase the value of the car, not decrease. 11k fewer is 11k fewer miles. Go for the used engine. No one is number matching these cars and wont in any near future timeframe.
03-27-2013 | 05:03 AM
#5
Contributors
Joined: Sep 2007
Posts: 1,712
Likes: 0
From: Encino, CA
My Ride: 04 545i - Titanium Silver/Black, Sport pkg, Comfort Seats w/ Lumbar, Premium Sound, power rear sunshade, Adaptive Xenon Headlights, Steptronic, Park Distance Control, Fold down rear seats w/ski bag, Aux jack, 6-disk changer, puddle lamps...
Engine: Custom Remus cat-back exhaust w/chrome square tips, K&N Air Filter, Charcoal Filter Removed, Sprint Booster :-), 50/50 mix of 91+100 Octane, EuroRev ECU Remap (coming soon lol), Dinan High-Flow Throttle Body (coming soon...maybe lol)
Interior: Portable Sirius Stilletto 100 w/car kit, Garmin Nuvi 680 mounted below rear-view mirror, LCI-style I-drive knob, Dark Poplar Center Dashboard Trim.
Exterior: E60 forum clings, 5% rear tint, ACS roof spoiler (painted black for distinct look against limo tint), ACS trunk spoiler, ACS add-on front spoiler and rear apron (awaiting installation), "18 Black Staggered BeBeS Style OER (emergency replacement for cracked sport 124 rims), black kidney grill, white accessory lighting (including license and trunk lamps), Angel-eye upgrade, AIB xenon-matched fog lamps, AIB V3's on order, red rear reflectors
Yup option option #1 then use that 10k on a supercharger. You'll get more of your 10k back that way :-)
03-27-2013 | 05:08 AM
#6
Contributors
Joined: Sep 2007
Posts: 1,712
Likes: 0
From: Encino, CA
My Ride: 04 545i - Titanium Silver/Black, Sport pkg, Comfort Seats w/ Lumbar, Premium Sound, power rear sunshade, Adaptive Xenon Headlights, Steptronic, Park Distance Control, Fold down rear seats w/ski bag, Aux jack, 6-disk changer, puddle lamps...
Engine: Custom Remus cat-back exhaust w/chrome square tips, K&N Air Filter, Charcoal Filter Removed, Sprint Booster :-), 50/50 mix of 91+100 Octane, EuroRev ECU Remap (coming soon lol), Dinan High-Flow Throttle Body (coming soon...maybe lol)
Interior: Portable Sirius Stilletto 100 w/car kit, Garmin Nuvi 680 mounted below rear-view mirror, LCI-style I-drive knob, Dark Poplar Center Dashboard Trim.
Exterior: E60 forum clings, 5% rear tint, ACS roof spoiler (painted black for distinct look against limo tint), ACS trunk spoiler, ACS add-on front spoiler and rear apron (awaiting installation), "18 Black Staggered BeBeS Style OER (emergency replacement for cracked sport 124 rims), black kidney grill, white accessory lighting (including license and trunk lamps), Angel-eye upgrade, AIB xenon-matched fog lamps, AIB V3's on order, red rear reflectors
Advice - before that engine gets put in the car, it may be wise to ask the warranty company to check/replace the coolant transfer pipe, valley pan, and rear seal residing behind the flywheel.
03-27-2013 | 06:44 AM
#7
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Joined: Jun 2010
Posts: 957
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Exactly what I was going to say..buy the used engine if it checks out and try to get the common future failures addressed..GL
03-27-2013 | 07:24 AM
#8
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Senior Members
Joined: May 2011
Posts: 551
Likes: 0
From: Long Island, NY
My Ride: 2005 E60 545i Manual, Sport, L7
Model Year: 2005
Definitely option 1. If you put a new engine in 10 year old car it will never be a new car because there are suspention, transmission and other parts. Simply it is not worth it.
03-27-2013 | 03:06 PM
#10
Contributors
Joined: May 2009
Posts: 10,496
Likes: 2
From: SoCal
My Ride: 2008 550I LOADED, all options except HUD and NV
Definitely option 1, the extra $10k of option 2 will NOT be reflected in the resale value. The car is worth about $16k now, it will not suddenly be worth $26k with a new engine.