This is a little different in that this fabulous 2007 BMW M6 unicorn is NOT on a CarMax lot. It was purchased from CarMax three years ago by one of my blog readers (full disclosure – he’s a virtual car buddy friend now and way better at sniping CarMax hot rods than I) and is now up for resale on Doug DeMuro’s “Cars and Bids” auction site. The MaxCare warrantyis transferable, and this sale should support my strategy (and your’s?) of buying high-end but depreciated cars from CarMax, transferring the repair risk to CarMax via the MaxCare warranty, driving “rich” for a few years, then selling the car and transferring the warranty for a new owner’s peace of mind and moving on to the next.
That’s what this owner is doing with the beautiful BMW. He’s had $25,000 in repairs done (I had $35,000 on my 2004 Mercedes S55!) and there’s still two years and 30,000 miles left on the MaxCare warranty. Like all good car guys (and gals) the seller has been quite candid about qualities and cosmetic flaws on the car (I would have recommended replacing the tires rather than note they will need replacement but that’s just me.) The seller provides 159 photos and great history and detail on the car at Cars and Bids (link below).
Doug describes the car as “These are very special vehicles, and the V10 powerplant is impressive. The transferable warranty makes this one very appealing, as it’s hard to find warranties for these anymore — but my own experiences with MaxCare suggest this is a very good thing.” FWIW – I learned after I started this blog that Jalopnik columnist Doug DeMuro wrote about a Range Rover he bought from CarMax and was stunned how many repairs they covered under his MaxCare warranty. He now sponsors this Cars and Bids website, a bit of a competitor to Bring a Trailer. I like them both. I also love this BMW and it once again reminds me of this 2008 BMW M6 I passed on– low mileage and $23,998. The V-10 was nothing but brute force and a sweet song at 8,000 rpm. Sigh. Take a look at this 2007 model still under MaxCare here at Cars and Bids. I wish the seller well – would bode well when I sell my 911 this fall.