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#1
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Seems to me I have a few options here: 1. Buy the BMW Extended Maintenance to 100K from the stealer for $1395+tax and let the CPO cover major failures, minor non-CPO-covered things will be out of pocket but Inspections I & II and brakes, rotors, wipers etc will be free 2. Do #1 *and* buy some extended warranty on top of the CPO? Or is that overkill or is it even available? Again, I have no interest in 3rd party warranties at all....so does BMW offer anything to supplement the CPO warranty betrween 50K-100K miles? Thanks and Happy New Year! |
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#2
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hi im a noob what does CPO mean?
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#3
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It Means "Certified Pre-Owned". When you buy a second hand BMW from a BMW dealer it either has no warranty, some 30 day warranty from the dealer, the remainder of the original owner's warranty 36/36 or 48/50 or 60/50, or - 'best' -it can be Certified Pre-Owned or 'CPO'. If it is CPO, then the dealer has allegedly inspected it fully in accordance with an official checklist from BMW that the mechanic must sign; this qualifies it to be sold 'CPO'. The benefit of this to the consumer is that the warranty that ends at 50K miles gets extended to cover major items with (I think) a $50 per incident deductible.
Not all parts or services are covered but there are other benefits like Roadside Assistance etc. If you're buying a used BMW, no matter what, CPO or not, I think you should always have an independent expert inspect it for collision history etc. I bought a CPO 2001 740i Sport once from a dealer near Philadelphia. It was CPO'd and I had the mechanic's checklist with signature. I got hit about 3 weeks after I picked it up by an idiot teenager in a Jeep. The damage was minor but when the high end body shop I had it towed to looked at the car they called me to say the car had been in a crushing rear end collision and the A-pillars were bent and parts had been spot welded back together. The mechanic had signed off that he had checked for all this but there it was. The dealer claimed no knowledge of this and refunded my money but the two cars I had traded were gone along with the tax break for trading against the purchase- so BE CAREFUL out there! [Oh, by the way, yeah I did run a CarFax report on it before buying it and there was no indication of the accident or any salvage indication at all. You have to read their guarantee really closely too to see that they do not guarantee and of that info] |
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#4
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CPO - Certified Pre Owned
Phils, use the search engine on the site, there have been a ton of posts regarding the details of the extended warranty and maintenance. Also, MotorDavid has a ton of info on it and will most likely respond. In short, BMW offers original owners the capability to purchase a extended warranty and maintenance for 50K additional miles or 2 years after original warranty expired. This is available to original owners without any inspection of the vehicle.
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An unwavering defender of those I see worth protecting. "promote the general welfare, not provide the general welfare" We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America. |
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#5
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Spend the 1350...4 window regulators and you are there in a blink...or two cam sensors...or a fuel sender...worth the money.
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#6
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Phils,
I'm a little confused here, as to your current situ, but... Assuming Your orig BMW warr. is near expiration, then: -You have 2 choices, Warranty-wise: the 1st Choice: a 2 year Dlr offering called Original Owner Protection Program/2OP That deal runs for 24 months or, 50K miles, whichever comes first. MSRP, as listed when it came out: $3250, as pub'd back in 2004. Stlr cost at that time was ~$2500. Negotiation is possible. Must be initiated before your current oem warr. expires, based on the deal's language. Coverage is identical to "CPO" coverage in terms of what is covered... it is not as inclusive, coverage-wise, as your original factory warranty. -2nd Choice, which does not sound of interest to you: an aftermarket/third party warr., sometimes sold by some Stlrs or, an offering by a company like Warranty Direct. See their web site for details. A Sltr cannot "CPO" your car; you still own it. The CPO is the prog. done by a dlr after he takes your car in, "cert's" it and offers it for sale to the next buyer. Ext Maintenance: I think you understand that...it's a program to cover wear/maintenance items eg brakes, et al. It is not a warranty for any non-maint. items. Probably worth it, if you are keeping the car, for a brake job and few other items, done by stlr, vs. DIY. I assume, as in my first line of post, that you have orig. new car delivered, BMW first owner warr. If so, all of the above is accurate... if you currently have CPO, then my post info on Warr. is moot. Hope this helps... GL,mD
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#7
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Motordavid (and others)- thanks for the replies. Perhaps I could have been clearer. I bought my 2004 X5 from a dealer second hand as a CPO car with about 19K miles. I now have 48K miles and the original factory warranty and included full maintenance are about to expire. The CPO portion will continue until 100K miles or 5 years whichever comes first.
So I am OK here. Looks like I will purchase the Extended Maintenance to 100K for $1395 US. That seems a good deal as the 60K maintenance coming up would be nearly $900 US and I am sure I'll need at least 1 set of brakes and rotors in the next 50K, probably 2 plus wiper blades, filters etc! The core of my question was whether I should consider any other coverage beyond the CPO and extending the full maintenance. 3rd parties aside, it appears that the BMW offering is for people owning an original purchase car and wanting what I already have as a CPO customer so that is out. Looks like I have as much as you can have in coverage from BMW short of buying another CPO. This is my 4th CPO car and aside from the wrecked 740i I was sold and returned, it seems the best way to buy these cars. Thanks again. Let me know if I have something wrong here. |
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#8
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Phils, Ah...I sorta thought you had the CPO, but I rambled on,
for the readers that scratch their heads over the warr. issue/question. Yes, you are in good shape with the CPO; good for you. I did the one year Maint Ext., and used it for front brake pads, rotors, water pump, coolant change, etc. It paid for itself, as I suspect your maint. extension will too. I don't see how adding an additional warr. coverage, on top of your exisitng CPO coverage is a benefit...and, from my memory of Warranty Direct, they won't write if you still have a warranty. And, I know of no co. that puts out coverage past 100k. GL,mD |
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#9
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Is the extended maintenance plan transferalbe as the CPO is??? Also I have a CPO's (although it is still under factory warrenty) 2003 4.4. Can I still add on the maint plan?
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#10
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I believe you can buy the maintenance plan, just call a dealer and ask. And yes, CPO status is transferable with the vehicle.
__________________
An unwavering defender of those I see worth protecting. "promote the general welfare, not provide the general welfare" We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America. |
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