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Someone explain CPO extended warannty to me?
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04-05-2013, 02:03 PM | #1 |
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Someone explain CPO extended warannty to me?
Hi, I just bought a 2010 CPO from a bmw dealer and the warranty would expire next year (2014). But I am reading that all CPO cars comes with extended 100k miles warranty. Can someone explain this for me? I am a bit confused. Thanks.
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04-05-2013, 06:18 PM | #2 |
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The CPO warranty takes over when the factory warranty expires and covers the car for 6 years from the in-service date or 100,000 miles (whichever comes first). Depending on when your car was first purchased, the CPO warranty should be good until sometime in 2015 or 2016. I didn't know this until I had a CPO repair done on my car, but there's a $50 fee each time you get CPO warranty work done.
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04-06-2013, 12:11 AM | #3 | |
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Also does CPO covers all the stuff that's covered in the factory warranty? Thanks. |
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04-06-2013, 12:18 AM | #4 |
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Technically CPO warranty is only an addition 2 yrs and 50,000 more miles. It's a 6 year total from the IN-SERVICE DATE which is when the original first took ownership of the vehicle not when YOU did.
CPO DOES not comprehensively cover everything your 4yr/50k factory warranty does. It won't cover squeaks/rattles from the dash or suspension, light bulbs, batteries, interior trim pieces/discoloration and various other items. But for about 80% of engine/transmission/electrical/mechanical malfunctions CPO will cover with a mere $50 deductible that is owed at the end of the service. Your best bet is to bring in the car with more than one issue that way you get your $50 worth. If you have 10 repairs done or 1 repair you still owe the $50. |
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04-06-2013, 12:42 AM | #5 | |
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