cpo benefits vs. 'pre-owned

[sprite007]

All,

Just wanted to know what the perks are for going cpo vs. just buying as pre-own.

Here is the situation:
Looking at a 08 or 09 x5 4.8i. For sake of arguement; say both have same specs/options.

09 x5 4.8 preown 48K
09 x5 4.8 cpo 52k (due to cpo warranty)

My quesiton is how beneficial is it to have a cpo warranty vs the 4yr /50,000 maintenance (whcih pretty much covers everything). With the $4k saved once an opt to extend the maintenance for another 2yr stretching it to 6 yr / 100,000K.

My question is what is so good about the cpo warranty when in theory after the orig 4 yr /50k maintenance expires you get a 'warranty' contract, which specifies that a lot of things are not covered and each visit cost $50...

just wanted to see what consensus is on this argument.

[jeep]

IMHO the biggest benefit is that BMW will not CPO a car which has been in a collision, so you are guaranteed that the vehicle you are getting has a clean title, additionally the extended warranty upto 100K miles gives you peace of mind.

[ard]

Originally Posted by jeep

IMHO the biggest benefit is that BMW will not CPO a car which has been in a collision, so you are guaranteed that the vehicle you are getting has a clean title, additionally the extended warranty upto 100K miles gives you peace of mind.

This is ABSOLUTELY NOT TRUE.

People erroneously believe a CPO is some kind 'BMW seal of approval"..it is not, and any errors or omissions by the dealer in doing a CPO will NOT be 'backed up' by BMW NA. The dealer is a private company.

Cars can be repainted and cpo'd, cars can have hidden damage and abuse and be cpod, a cpo is a guarantee of NOTHING.

Any car need a PPI, even a cpo car....

Forget the extended maintenance- it is BS. Find an indy and have BETTER work done for LESS money.

BMW now sells an extended warranty- the 6/100k "gold" plan equals the CPO coverage...and costs about $4k.

A

[BGM]

Originally Posted by ard

This is ABSOLUTELY NOT TRUE.

People erroneously believe a CPO is some kind 'BMW seal of approval"..it is not, and any errors or omissions by the dealer in doing a CPO will NOT be 'backed up' by BMW NA. The dealer is a private company.

Cars can be repainted and cpo'd, cars can have hidden damage and abuse and be cpod, a cpo is a guarantee of NOTHING.

Any car need a PPI, even a cpo car....

Forget the extended maintenance- it is BS. Find an indy and have BETTER work done for LESS money.

BMW now sells an extended warranty- the 6/100k "gold" plan equals the CPO coverage...and costs about $4k.

A

I was just going to say "Calling Dr. ard".

[BGM]

I have dealt with warranty companies and IMO are not worth the hassle. They will eventually start to make it harder and harder to get approval on repairs. Once my dealer had my e53 in for 2 weeks straight for a camshaft sensor because the warranty couldn't get hold of my SA---even though I gave them his PERSONAL cell #.

[jeep]

Originally Posted by ard

This is ABSOLUTELY NOT TRUE.

People erroneously believe a CPO is some kind 'BMW seal of approval"..it is not, and any errors or omissions by the dealer in doing a CPO will NOT be 'backed up' by BMW NA. The dealer is a private company.

Cars can be repainted and cpo'd, cars can have hidden damage and abuse and be cpod, a cpo is a guarantee of NOTHING.

Any car need a PPI, even a cpo car....

Forget the extended maintenance- it is BS. Find an indy and have BETTER work done for LESS money.

BMW now sells an extended warranty- the 6/100k "gold" plan equals the CPO coverage...and costs about $4k.

A

This is interesting if true, I was looking at some pre-owned 335i conv. and found one at a good price which the dealer refused to CPO, as it turned out it had a rear end collision, that's why it had an attractive price. I was really tempted but decided to stay away 'cause the roof had been damaged and repaired. Now in this case the car was a dealer demo so they definitely knew the history.

[Naz24]

since the car is still under the original manufacturers warranty, i thought you could upgrade to the CPO at anytime before 4 yrs or 50k miles? so why not get the one WITHOUT the CPO and if in 3 years you want to upgrade, then do it...

[ard]

There is a specific set of criteria that is used for determining CPO eligibility.

Any paint is allowed. There can be no repairs of the critical body structures (off the top of my head it is ABC pillars, etc.)

The CPO checklist and criteria is available online for those interested. Google.

Now, what if the dealer CPOs it but their "inspection" despite being done with exacting bavarian precision (I crack myself up) fails to disclose there was major body repairs? Hmm. You buy it and it has been CPOd.... guess what? Tough C. BMWNA will say 'stuff happens' and you have no recourse. In fact the CPO will not cover any 'issues' related to the undisclosed and undiscovered-by-the-dealer repairs...., gets even better: Lets say the motor blows up. Dealer pulls the DME and finds the DME has been flashed with aftermarket software...or just the DME shows the engine was over-reved. Even if you can show these were likely done before you purchased, BMWNA will not stand behind the claim.

Rare? Sure. Cause for caution? Yes.

Naz- The only way a car can be CPOd is if the dealer owns it. They cannot CPO your car. They can CPO a car out of a lease since they buy it from the lease company, CPO it, then sell it to you...just fyi. You most definitely cannot 'upgrade to CPO any time'...

A

[sprite007]

thank you all for the responses...what is a fair price for a ppi in nj? any shops on rt17 area?

[wpr]

for a non-CPO car, still under the miles, does the maintenance program convey to a second owner?