Potential 2007 4.8 purchase - but what's the catch?

[ard]

If you ask for the CPO checklist, they are on notice they cannot fudge anything.

I've advised you to get a PPI which is a pre-purchase inspection- have this done by someone other than the dealer (obviously), unless YOU are capable of doing the inspection (if you were you'd not be posting here).


There can be paint and body work that passes CPO and you will never know about. There can be leaks, maintenance issue that 'somehow were missed'.

If your PPI finds tires or brakes that do not meet the CPO standard, you can demand that be addressed- if you discover this on the way home from the purchase, tough C.

There is no cut and dried anwser on 'how to review service records'...it would take me way more time to create a 'fits every circumstance guideline' than I am inclined to spend. If you cannot see the wisdom to having details on the patterns of service records as part of your due diligence, maybe a new car is a plan, eh?

[jeremym]

Any round about cost that a PPI would run me? Would I have to bring the truck to the PP inspector? Would they come to the stealership?

I'm all for doing due diligence. I'm just trying to have the correct ammunition, as I said. I've only ever bought my current X5 and since I'm here asking these questions - you'd be correct if you assumed that purchase didn't end well.

[roadkillrob]

Price sounds right to me - I was looking at 2008 CPO 4.8's back in September with 40k ish miles on them and was looking at 37-39 to buy, so 35 for a 2007 seems right on the money.

[BGM]

That price is not too far off for an '07 but like you said others there are priced more. It might be a lower demand color and they are trying to move it--what color is it ?

[rrich49132]

I have found it to be very tough to negotiate on the CPO cars. I tried to work one down not so long ago myself and it was tough. In terms of financing BMW has a deal right now if you finance through BMW you can get $1500 off, good financing terms, or extended maintenance to 6 yrs and 100K miles.

If I was going to buy I would of financed through BMW and got the extended service then would of paid the loan off with my credit line immediately. Worth the effort in my opinion.

On another note I can get 2.9% through my credit union for used vehicles which is even better than my house credit line.

[Tim W.]

PM me the VIN. I can look up service records real quick.

[jeremym]

Originally Posted by Tim W.

PM me the VIN. I can look up service records real quick.

I can't PM yet, I guess. I emailed it to you. Thanks!

Originally Posted by BGM

That price is not too far off for an '07 but like you said others there are priced more. It might be a lower demand color and they are trying to move it--what color is it ?

Dark Green Metallic and Sand Beige

[Tim W.]

Sent you info. Looks clean.

[jeremym]

Originally Posted by Tim W.

Sent you info. Looks clean.

Yeah, thanks man. Highly appreciated.

12/31/2009

33,733 (miles)

Fuel tank leakage diagnostic module DMTL / EVAP system occasional malfunction

This is the only thing that "scares" me. Any experience guys? Can it be safe to say that whatever this is was fixed?

Edit to add: Also, guys, there is no evidence that there were any software updates done (mainly talking of the one that can help the tranny shifts). Could this be a not-so-good thing?

[Richard in NC]

Originally Posted by jeremym

Yeah, thanks man. Highly appreciated.

This is the only thing that "scares" me. Any experience guys? Can it be safe to say that whatever this is was fixed?

Edit to add: Also, guys, there is no evidence that there were any software updates done (mainly talking of the one that can help the tranny shifts). Could this be a not-so-good thing?

The one problem sounds like that on my 550i. Every fill up caused a service engine soon light. It was the filler neck EVAP system (an emissions control system), a simple replacement.

Since BMW only updates SW for problem resolution, the previous owner didn't report any other problems than the tranny.