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Is Buying a CPO Car a Necessity?
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11-09-2012, 09:46 PM | #1 |
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Is Buying a CPO Car a Necessity?
Hello all, I am currently looking for a 2008-2009 335xi with about 20k-50k miles on the car. My father has been in the car business for some time now, and we are in the process of tracking one down. I plan on spending anywhere from 25k to 29k all said and done. One of my dads friends has a dealership, and he has a used 2008 335xi on the lot.
I haven't looked at the car in person, but it's black with black interior and it appears to have the premium package. From the photos, the car looks taken care of. No apparent scratches or dings, but that doesn't mean it hasn't been abused. So when it comes to buying used (lets say I buy the 2008 335), does it have to be a CPO car? I know this depends on the buyer, but lets say I drive it and it handles nicely, looks nice, etc, should I follow through with the purchase? Or should I make it my top priority to find a CPO car? And if the car only has 50,000 miles and it's a 2008, can I purchase an extended warranty for it incase things turn sour? Thanks |
11-10-2012, 08:05 AM | #2 | |
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However, you should be able to get the extended warranty on much higher mileage vehicle, so 50k should be OK. And you should either look for the CPO or make sure you get the extended warranty because the parts for these cars are quite expensive. Especially with the N54, I would make sure I have some type of assurance... Good luck finding the right car. Last edited by DFW_M; 11-11-2012 at 03:54 AM.. |
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02-08-2013, 08:29 AM | #4 |
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CPO for me is a nice hedge against the potential, albeit small, of major repair work. CPO would hopefully be useful for potential issues like a waterpump, head gasket leak, excessive wg rattle, injectors etc etc. All in all i've found it to be quite useful, i've had pads, rotors, two O2 sensors, filters, plugs, and an oil change all done under CPO since purchasing the car last May. IIRC $0.00 out of pocket for any of those things, only cost to me was an unrelated invoice for a new strut bar. My dealer is pretty well run and they try to accomodate you, for ex. the plugs and oil were done several thousand miles early. All in all i'm happy with CPO, gives me piece of mind on a car that frankly is not reliable.
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02-08-2013, 09:23 AM | #5 |
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Forget 2008, if your budget is $25-29, then go 2009 and stop looking at 08's. you should be able to get premium, nav, sport in manual or auto in that price range. Finding all that and getting CPO makes it tougher, but doable . GOOD LUCK!
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02-08-2013, 10:01 AM | #6 |
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Get cpo I cannot stress this enough my friend...
And as an example I got a 2010 328i w/17k miles on it, with premium pkge and automatic but only rwd for 27k. This was one year ago last week. And I have factory warranty and maint until 04/2014 or 50k miles then cpo kicks in to 100k miles or until 04/2016. I had it in the shop for issues that was 100% covered but would have cost me $2590 with parts and labor. And with the stock conti pro all seasons I get decent traction in snow. And with a turbo version, you definitely want some kind of long term warranty which equals cpo.
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02-08-2013, 10:07 AM | #7 |
KOrey
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i bought cpo back in 2011 with warranty.. can not handle this car without warranty dude you never know lol
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02-08-2013, 11:44 AM | #8 |
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Get CPO or buy the car that your dad's friend has and make sure it's still under factory warranty, then buy an extended warranty from BMW.
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02-09-2013, 03:38 PM | #9 |
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Definitely get the car with CPO, you won't regret it as its better to be safe than sorry. As for buying extended warranty on the 08', I'm pretty sure it's not possible because the factory warranty is 4yrs/50k miles and the four years has passed already.
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02-13-2013, 11:02 PM | #11 |
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CPO is a good program, but its not a substitute for getting the car inspected by an experienced BMW mechanic before you buy it. In reality the value in the CPO program is more in the warranty than the "multi point" inspection. No matter what BMW says, how much attention CPO cars get in the fixing/reconditioning phase of the "certification" process is highly variable depending on the dealer. Some dealer care and only buy good cars and fix them up to be like new, some don't care and will try to pass marginal cars off as CPO if they can.
I got a CPO a few years ago and although it has been a good car, it had lots of little issues that the previous lease holder just didn't bother taking care of and weren't paid much attention during the CPO process. Because I had the warranty, the dealer ended up fixing them with no charge to me, but it was a pain to take the car in multiple times right after I got it. |
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02-14-2013, 12:50 AM | #12 |
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buying warranties are great if you actually wind up using them. If you wind up modding be careful because you will void the warranty for that component you altered and the systems it correlates to. And they are quick to point the finger at the operator. I know that some aftermarket warranties can run 3k and it is well worth it if you run into problems but a waste of money if you dont. this is a case of damned if you do damned if you don't. its all your choice.
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02-21-2013, 12:58 AM | #14 |
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Buying a CPO BMW is the way to go if you plan on keeping your ride for many years. BMW CPOs have a great warranty: 6 years/100,000 miles, but doesn't cover the iDrive. If you are like me and maybe keep a car for 2 years, a CPO might be a waste of money, because you don't get that extra money for a warranty back when you trade in.
I bought my most recent E90 in October 2012 and BMW Financial ran a special that they would make my first 3 payments, it was a good deal. If you like to mod your BMW under warranty, the dealership will always try to make you remove a part to verify its really they fault and not yours. Leasing is also a great option to keep payments low, if you don't like keeping cars very long. |
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