Got my buyout quote today:

[francars]

I called my local dealer asking the question on CPO warranties, etc. They offer me the NEW CAR warranty. They all range from 100k/3 or 70k/3 but price was pretty steap... Ranging from $5100 to $4170 or something close?

[JCL]

Extended warranties do not have the same terms/coverage/exclusions as new car warranty. Ask to see it in writing.

[ard]

Originally Posted by francars

I called my local dealer asking the question on CPO warranties, etc. They offer me the NEW CAR warranty. They all range from 100k/3 or 70k/3 but price was pretty steap... Ranging from $5100 to $4170 or something close?

You were asking the wrong question, and they decided to take some license with their response and misrepresented things.

First, a 'CPO warranty' only comes on a car that a BMW dealer has 'certified': they have to OWN the car, they inspect it (a joke) and 'enroll' it in the BMW CPO progream- they pay BMW 1500-2500 and the car has the CPO warranty. Then they sell the car to a retail buyer.

So you cannot buy a cpo warranty once you own the car.

(Note that many people talk about a lease end buyout and getting a CPO....the distinction here is that the lease company owns it, then the dealer buys it from them, cpos is, then sells it to the new owner (who was the former lessee))

What BMW will sell you is an extended warranty. If you search here and over on bimmerfest you will find a pdf with retail prices. They have three plans, with varying coverages based on miles and time.

The CPO coverage equals the "Gold" extended warranty. They have a Platinum plan that adds a few coverages (ie all electronics)...,.but none of them are "new car".

A salesman over the phone will willingly and eagerly lie to you as they know nothing they say can come bake to hurt them, since when you buy it the terms will all be in fine print and will say that YOU agree nothing that was said to you is binding.
(Which is why I go crazy when people say "I asked my salesman and he said...")



A

[francars]

This came from the finance department. Just to clarify YES she said they cannot CPO the car only offer my this warranty. I will do the search and find out more.

Thanks!