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      05-21-2010, 04:48 AM   #1
neology
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CPO - is it worth it?

BMWUSA offers CPOs at some attractive rates - 2.9% with 0 maintenance cost. But is a CPO car really worth the extra 2-3K we shell for it? I searched the forums for some opinions on this, but didn't get quite the info i wanted.

Some items not covered were a little worrying - " brake pads and rotors; brake shoes and drums; manual transmission clutch assemblies; suspension dampers (shock absorbers/strut elements); exhaust systems " - especially the brake components. I'm no expert, but brakes do wear out considerably over 3 yrs of life, more so if the car has spent some time on the race track or the driver was a lead foot

Does anyone have any experience with CPO vehicles where the dealership refused to honor service requests?

Is a CPO really worth that extra dough?

Has anyone had considerable issues with a CPO'd bimmer

Am planning on getting a 2007 or 2008 CPO with around 30-40K miles on it. What price should i pitch to the dealership?

Oops! forgot to add that am looking at a E90 328i

Also, manual clutch assembly isn't covered in the extended warranty. I prefer the MT but you never know the state of the clutch assembly is in. Any suggestions?

Last edited by neology; 05-22-2010 at 05:21 PM.. Reason: adding couple more q's
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      05-21-2010, 07:20 AM   #2
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The CPO was worth it to me since I was purchasing a used car that I had no real knowledge of who the previous owner was. I guess if you were purchasing from someone you knew, then a CPO may not be as necessary as long as they maintained it properly and drove respectively. I would probably also consider whether or not you have turbo or not. I have an e92 328xi so I am really not worried about the engine, so having it be CPO is really not a necessity in my mind. But if you have a 335 then I would probably get one that has a CPO so that you are covered. I believe engine parts should be covered right?
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      05-22-2010, 02:53 AM   #3
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Quote:
Originally Posted by neology View Post
BMWUSA offers CPOs at some attractive rates - 2.9% with 0 maintenance cost. But is a CPO car really worth the extra 2-3K we shell for it? I searched the forums for some opinions on this, but didn't get quite the info i wanted.

Some items not covered were a little worrying - " brake pads and rotors; brake shoes and drums; manual transmission clutch assemblies; suspension dampers (shock absorbers/strut elements); exhaust systems " - especially the brake components. I'm no expert, but brakes do wear out considerably over 3 yrs of life, more so if the car has spent some time on the race track or the driver was a lead foot

Does anyone have any experience with CPO vehicles where the dealership refused to honor service requests?

Is a CPO really worth that extra dough?

Has anyone had considerable issues with a CPO'd bimmer

Am planning on getting a 2007 or 2008 CPO with around 30-40K miles on it. What price should i pitch to the dealership?
We just bought an 07 328xi CPO and we couldn't be happier. One thing that I really liked about getting a CPO is we got to see the vehicles history report. With that, you can tell if it was a problem bimmer or one that has had no issues whatsoever and even as important, whether the previous owner did a good job at maintaining it (ie take it in for schedule service). That to me was the biggest advantage. This was our first time venturing into the "anti-toyota/honda", "luxury" market and we would've been totally pissed if we spent 50k on something that continued to have problems. now i'm not saying a CPO is problem free cuz buying "used" does have its drawbacks but my point is, with a CPO you have the opportunity to see how it's held up so far.

Oh and regarding the warranty, we did end up buying the extended $0 cost maintenence plan. It's kind of a long story but we thought it would be worth it to be able to take the car in for every service needed up till 100k and not have to pay a dime. And just so you know, we just took the car in last week for our 30k service and they ended up replacing the rear break pads and something else (maybe rear struts? i'm not sure) w/o us having to pay anything. I know shocks and suspension aren't covered but i'm not sure about all the other stuff you mentioned.

As far as price, just do your research and walk in there with "bottom line price" in your head. Ask yourself what you're looking for exactly and if they have it, how much are you're willing to pay for it. the CPO we just bought had everything we wanted...color, options etc so knowing that we were ok with paying a little more than what we wanted to pay walking into it.

Keep in mind that there are a TON of CPO 07's and 08's out there so unless you're in a hurry, be picky and don't settle

Hope that helps. if you have any other q's you can always pm me. GL with the purchase!
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      05-22-2010, 10:49 AM   #4
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Quote:
Originally Posted by neology View Post
BMWUSA offers CPOs at some attractive rates - 2.9% with 0 maintenance cost. But is a CPO car really worth the extra 2-3K we shell for it? I searched the forums for some opinions on this, but didn't get quite the info i wanted.

Some items not covered were a little worrying - " brake pads and rotors; brake shoes and drums; manual transmission clutch assemblies; suspension dampers (shock absorbers/strut elements); exhaust systems " - especially the brake components. I'm no expert, but brakes do wear out considerably over 3 yrs of life, more so if the car has spent some time on the race track or the driver was a lead foot

Does anyone have any experience with CPO vehicles where the dealership refused to honor service requests?

Is a CPO really worth that extra dough?

Has anyone had considerable issues with a CPO'd bimmer

Am planning on getting a 2007 or 2008 CPO with around 30-40K miles on it. What price should i pitch to the dealership?
The excluded items you mention are wear and tear items and aren't covered by any manufacturers warranty that I know of. At least BMW will cover their replacement under the new car free maintenance plan. Lexus and Mercedes don't. You could look into getting the extended maintenance plan as well.

I've only owned CPO vehicles and have never had an problem with an issue not being covered. Just beware certain electronics and trim pieces are no longer covered, such as the radio/navigation, or the peeling window switches. Of course, if your window switch is not working it will be replaced. The CPO is comprehensive enough to cover anything major that affects the proper function of your car. Also, at least at my dealer, I get a BMW loaner. An outside warranty company would require me to trek to their office and then claim the reimbursement from their office. CPO is so much more convenient in all aspects. FYI, I negotiated my service plan in as well because they knew I had a deal already at another dealership. I paid $2000 less than asking, 1 year ago, including the Service plan and a free hat...
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      05-22-2010, 11:16 AM   #5
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Statistically speaking its not a good deal. Thats how the dealership/BMWNA makes money off of it. That being said... I have zero luck so I'd probably have get the CPO because there are a lot of weird things that can go wrong with the N54 over time and its not a cheap engine to repair by any stretch of the imagination. If you drive your car hard and its tuned then the general consensus is that you're going to have to replace your turbos at some points between (60-80k) miles from what I've seen. The CPOing would pay for itself in that one instance.
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