Thread: Pulled the upgrade trigger today (already having my first problem)
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Old 02-18-2010, 01:04 PM
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RJRDenver RJRDenver is offline
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I disagree slightly on the comment about paying 10-15k more for something new vs. going with a CPO. In my case, I got a 2008 with 17k miles on it and paid almost 30k less than it would have been brand new. Its fully loaded with every imaginable feature. The depreciation that occurs in the first three years is horrible and so that's what makes CPO attractive. You are right that you must find a good ride while doing so, but it only took me about 4 weeks from the time I decided I was going to pull the trigger. My factory warranty is still good for 2 more years and then I get the CPO warranty for an additional 2 more years or 100k miles, so I essentially got the 4 year warranty that a brand new model would come with. My previous X5 was also a CPO purchase. I'll continue purchasing CPO well into the future because of the benefits and cost savings.

Quote:
Originally Posted by ABMW View Post
No, it's a BMW option in the U.S. whereby BMW will guarantee a used vehicle if it falls within certain parameters, after they've given it minor overhaul. They usually give it a full detailing, change brake pads, fluids, inspect the car thoroughly (or at least they are supposed to). They give you many of the same amenities one receives when buying a new vehicle, like a warranty, road side assistance, etc. They then price the cars about 25 to 30% below new vehicles with attractive lease rates. Personally, I've never found it to make financial sense for this exact reason, as for $10 or 15k more you can buy a new vehicle, knowing its full mechanical history, etc. But in some cases, you can get a nice deal if a car has been sitting on the lot. Again, this is my personal opinion only, but CPO programs make more sense when dealing with vehicles that are extraordinarily reliable such as Infinitis, Lexus, and Accura (jury still out on the Lexus/Toyota models, but in general they're "were" fine until a few months ago).

The vehicle must be under a certain, age, within certain mileage limits, etc. Many dealers in the U.S. offer Certified Pre-Owned Programs, at least mid to high range lines, such as Accura, Infiniti, etc.
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