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Sedans BMW 3-Series BMW CPO Warranty and Warranty Extension questions
40 messages, Last post on Sep 25, 2008 at 4:58 PM
You are in the BMW 3-Series Forum. Your Hosts are pat & karens
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Replying to: samjaey (Apr 09, 2007 10:05 am) Several weeks ago I did a search for the lowest price for the extended maintenance contract on an '05 325i. Try a Google search of Nalley BMW, and call/email their internet department. At the time, they were offering a contract for my car at $945. (Note: I ended up purchasing from my local dealer for $995.) |
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| ...has 46000 miles, 1 owner. Asking price 28995. Is this too many miles for a CPO to get get a good value? Thanks | |
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Replying to: kyfdx (Mar 30, 2007 6:03 pm) Thanks,
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Replying to: us015478 (Jan 24, 2008 10:06 pm) Should you buy a house does not you know its history? -How is BMW excluded for doing so?  -How could one properly keep this Drama Queen Car without the car history report? How some of you had worked around this issue? Before I ironically end up driving my "ultimate driving machine" 
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Couple of questions. My lease on an '06 325 is maturing and I would like to purchase the vehicle. I was offered by the dealership to either buy the vehicle through BMW financial services if I was not interested in CPO or I could have the car CPO'd for $2850, which would also extend my warranty (6/100). I also have low mileage on the vehicle and the dealership advised that I not extend maintenance (6/100) , which would cost $2395. Are these fair prices and how valuable is it to have the car CPO if I intend of keeping it for a while?
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Replying to: frankiey (Jul 29, 2008 5:17 pm) Anyone have any thoughts?
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Replying to: etj (Aug 14, 2008 3:35 pm) $1895 looks okay for the CPO warranty, but maybe $500 high on the extended service? How long was your lease? 3 years? At the rate you drive, $3900 is a lot of money for 2 years and 20K miles of warranty/maintenance... For that much money, I'd self-insure.. How much is your buyout? regards, kyfdx
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Replying to: kyfdx (Aug 15, 2008 11:40 am) Just to summarize my situation: Residual is 24302. They started the CPO/warranty price at 2895 and brought it down to 1895. This would be for 6 years/100K. They started the service contract at 2395 and brought it down to 1995. This would be for 6 years/100K. I really like my car and have kept it in pretty good condition. But this is my first BMW lease so I am trying to get all the info I can. I didn't finance it initially because I thought I would just lease again but I like my car enough to buy it. I get the feeling that I can get the service down a couple hundred. What do you think?
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Replying to: etj (Aug 15, 2008 4:19 pm) If you really like the car, and it's been fairly reliable, then I'd just buy it with no extensions.. You are covered for the next year... Here is something else to think about.. When your dealer is CPOing your car, you aren't buying it from BMWFS and then adding those coverages... The dealer is buying it from BMWFS, adding the coverages, then re-selling the car to you. It's possible (even likely) that the dealer is getting the car for even less than the $24,302 that you would pay.. BMWFS typically sells the car to the dealer for the current auction price. So, I'd compare the price of your car to what you can buy a similar CPO unit + $1500 for the maintenance... Don't focus so much on the individual components... Add it all up. Does it make sense to buy an '06 325i with 30K miles for $28K? Bargain hard... be aware that the dealer is probably paying less than you are for the car... maybe a lot less.. so, don't be swayed by adding up the individual components of the deal, thinking they can't go any lower... regards, kyfdx
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Replying to: kyfdx (Aug 16, 2008 6:42 am) A couple more questions regarding negotiations: 1. Does it matter to the dealer if I buy the car out directly from BMWFS? I ask so I can use this as leverage to reduce the CPO fee from the dealer. 2. Is there a way to find out the auction prices? Did some research but can't seem to find this without being a registered dealer. Thanks!
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