How much does it cost the dealer to get CPO on the X5?

[movva929]

I laid deposit on 2006 3.0 X5 Sterling Gray/grey 25K miles CPO for $30K with BMW dealerand yesterday with the help of carfax I determined that the dealer has bought it in auction and with the help of member blk133 we found that he bought it for $25K and just curious how much it would cost the dealer to get the X5 certified. I assume the total cost for the dealer is $25K+$500(auction cost)+$2500(for getting it certified)= $28K. I assume he is making a profit of $2K.
Just curious how much it would cost the dealer to get the X certified and can he certify a car which he bought in auction with average rating?

[movva929]

Bump

[motordavid]

No idea, ever reading about the "cost" to CPO a car...from reading
here, and my "wonderful" experiences at Stlrs, I would guess they put
it on a lift, have a coffee, wash it and slap a CPO sticker on it. That
auction buy may induce that dlr to be more thorough in their "inspection",
or not.

Doubtful if they go through a thorough check list...since CPO is really
only "2 extra yrs or 100K miles total", I suspect they are betting nothing
huge goes wrong; they are reimbursed from BMW anyway, for repairs.

I really can't see a dlr "spending" $2500 worth of time/parts/stuff to
CPO a car...I'd lowball them and see what they say; BMW stlr lots are
packed with X5s, imo.
GL,mD

[radelow]

FYI I just bought a fully loaded 2005 X5 4.4i in perfect shape with 35k for $27k from the dealer. Just pointing out a price point.

[rastaFarai]

Originally Posted by radelow

FYI I just bought a fully loaded 2005 X5 4.4i in perfect shape with 35k for $27k from the dealer. Just pointing out a price point.

Nice.. now post pics.

[jvit27]

Originally Posted by motordavid

No idea, ever reading about the "cost" to CPO a car...from reading
here, and my "wonderful" experiences at Stlrs, I would guess they put
it on a lift, have a coffee, wash it and slap a CPO sticker on it. That
auction buy may induce that dlr to be more thorough in their "inspection",
or not.

Doubtful if they go through a thorough check list...since CPO is really
only "2 extra yrs or 100K miles total", I suspect they are betting nothing
huge goes wrong; they are reimbursed from BMW anyway, for repairs.

I really can't see a dlr "spending" $2500 worth of time/parts/stuff to
CPO a car...I'd lowball them and see what they say; BMW stlr lots are
packed with X5s, imo.
GL,mD

Actually, BMW takes their CPO program quite seriously. The car has to meet a number of 'minimums' and the tech must sign his name on the inspection form - if there is anything that goes wrong, he is liable. There are many factors that can make a car ineligible to be CPO'd and the dealer must pay to bring it up to spec before it can be certified.

Dealer cost to CPO a car is between $1500-2000, depending on what model.

[we350z]

CPO Cost = parts + labor

If nothing goes wrong, then it costs them nothing.

[jvit27]

Originally Posted by we350z

CPO Cost = parts + labor

If nothing goes wrong, then it costs them nothing.

No.

The dealership has to pay. See my post above.

[Wagner]

Originally Posted by avanti27

Actually, BMW takes their CPO program quite seriously. The car has to meet a number of 'minimums' and the tech must sign his name on the inspection form - if there is anything that goes wrong, he is liable. There are many factors that can make a car ineligible to be CPO'd and the dealer must pay to bring it up to spec before it can be certified.

Dealer cost to CPO a car is between $1500-2000, depending on what model.

Not entirely accurate. I've had two CPO'd vehicles, both of which had huge numbers of issues, nobody was held liable. The only person that took any flak was the salesperson and that was simply because BMWNA wanted to know why a CPO purchaser was complaining.

They do go through a comprehensive "list" and sign it, but that is about it.

[E61Silver]

Originally Posted by radelow

FYI I just bought a fully loaded 2005 X5 4.4i in perfect shape with 35k for $27k from the dealer. Just pointing out a price point.

Wish i could buy my 2005 X5 for that at lease end.