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  #1  
Old 01-05-2012, 11:21 AM
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CPO OR NOT?? Advice needed.

We are searching for an '08-'09 (3.0l or 4.8l) to replace my wife's '02 3.0l. I would like to know from experienced owners if in your opinion the certified warranty that adds 2 years and 50k miles to the factory warranty is worth the premium that dealers add to these vehicles.

My issue is this, I feel the warranty adds great piece of mind, especially with the BMW Care, since we are not buying new. We can get an '08 in our price range with CPO coverage until 2014 or 100k miles which is pretty damn good for a 4 year old vehicle. BUT, the dealers tack on $3-$5k for the CPO cars. I have heard from multiple dealers that BMW charges a dealer $2500 just to certify the vehicle, plus the money the dealer has to spend for brakes, tires, etc, to meet the CPO specs from BMW. It's a nice feeling to drive off a BMW lot in a cerified vehicle you know has been looked over and brought up to "like new" condition. Most the uncertified vehicles are not at BMW dealerships.

We don't typically put more than 10-11k miles per year on our vehicles, so we always "time out" before going over mileage. Wondering if I should be looking for the lowest mileage uncertified vehicle and take my chances when the warranty is up earlier, or spend a little more for the coverage. I am finding '08 4.8's with 28k miles uncertified for the same price as '08 3.0l CPO vehicles with 44k miles.


We've owned vehicles with and without CPO coverage but this time I'm torn. Her current X5 was CPO and within the warranty coverage term I think we used it one time to replace some weatherstripping on the drivers door. However, the E70's are loaded with more electronics than ours is (parking brake, comfort access, shifter, etc) and more to go wrong and $$ to fix.

Have most of you used your warranties to fix common E70 things that I may have to pay for out of pocket? I would appreciate input from owners of multiple BMW's with and without CPO coverage, and your opinions of repairs.

Thanks!
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  #2  
Old 01-05-2012, 12:44 PM
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I have a CPO and I haven't used the CPO portion of it. I used the new car warranty to sort everything out. I'm concerned about the electronics, such as the idrive, rear entertainment etc and CPO doesn't cover that so it doesn't matter to me.

You can ask the dealership to not-certify the car and see how much that will save you, ~2k. When they certify, they just click a button on the computer to activate the warranty. The 'inspection' is lame. If they replaced a part such as a tire, it's already built into the price of the car.
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Old 01-05-2012, 12:46 PM
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1. BMW now sells an extended warranty, called the "BMW Gold Plan' which is precisely a "CPO" warranty. Prices vary, but 3700-4500 seems the range...i'm not in the market, so I've not priced them carefully.

2. Dealers tack on 3-5k for the CPO, but an additional 5-8k over what a private party sale is. The ONLY reason to buy from a dealer is the wwarranty...and ONLY if you can get it priced right.

3. Find someone doing a lease return, or wanting to trade up, buy it privately (act like a mature, non-crazy buyer who will be easy) and add the Gold plan. AND GET A PPI.

Get a PPI... even if you buy a CPO, you cannot trust the BMW Dealer.

A
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Old 01-05-2012, 01:07 PM
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Originally Posted by 3Series View Post
I'm concerned about the electronics, such as the idrive, rear entertainment etc and CPO doesn't cover that so it doesn't matter to me.
So the electronics aren't covered by the CPO? Seems they would be the most likely to fail and cost a lot to repair/replace, and like you the electronics are what I'm concerned about.
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  #5  
Old 01-05-2012, 01:13 PM
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Quote:
Originally Posted by ard View Post
1. BMW now sells an extended warranty, called the "BMW Gold Plan' which is precisely a "CPO" warranty. Prices vary, but 3700-4500 seems the range...i'm not in the market, so I've not priced them carefully.
Do you know if this "Gold Plan" needs to be purchased before the expiration of the factory warranty? Seems I've heard of this being the case. Does it cover the electronics (iDrive, etc) like the factory warranty or is it basically a CPO plan?



Ominous words about not trusting the dealer ......sounds like there's a stroy there!
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  #6  
Old 01-05-2012, 01:18 PM
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ard is right on, imo...
And, if the OP is curious, some CPO links on what/what's not covered.
Good luck on interpreting the boilerplate, and 'the maybe yes, maybe no' disclaimers.
GL, mD

BMW Certified Pre-Owned - Warranty - BMW North America

Not Covered...
BMW Certified Pre-Owned - Warranty - Not Covered - BMW North America

Covered...
BMW Certified Pre-Owned - Warranty - Covered - BMW North America
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  #7  
Old 01-05-2012, 02:50 PM
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Quote:
Originally Posted by motordavid View Post
ard is right on, imo...
And, if the OP is curious, some CPO links on what/what's not covered.
Good luck on interpreting the boilerplate, and 'the maybe yes, maybe no' disclaimers.
GL, mD

BMW Certified Pre-Owned - Warranty - BMW North America

Not Covered...
BMW Certified Pre-Owned - Warranty - Not Covered - BMW North America

Covered...
BMW Certified Pre-Owned - Warranty - Covered - BMW North America
I checked out your links, thanks. I see what you mean, it seems to me the only things covered with some certainty are the engine and tranny. Major electrical seems to be covered also, just not the stereo or nav.

It's really a case by case it seems. If you really think about it, it's just BMW selling you insurance. Most of the major engine/tranny/electrical problems don't show up until the mileage is higher (usually). We put low miles on our cars, so most likely the CPO we pay more for will expire before we have a major problem and wouldn't be covered anyway.

Am I off in this conclusion??
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  #8  
Old 01-05-2012, 03:18 PM
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Quote:
Originally Posted by OlyS4 View Post
I checked out your links, thanks. I see what you mean, it seems to me the only things covered with some certainty are the engine and tranny. Major electrical seems to be covered also, just not the stereo or nav.

It's really a case by case it seems. If you really think about it, it's just BMW selling you insurance. Most of the major engine/tranny/electrical problems don't show up until the mileage is higher (usually). We put low miles on our cars, so most likely the CPO we pay more for will expire before we have a major problem and wouldn't be covered anyway.

Am I off in this conclusion??
No I think that is a fair analysis. But it's nice to know you have the coverage in case something does go wrong. Just shop around there are deals to be had even on CPO's--dealers eventually have to move them.
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Old 01-05-2012, 04:13 PM
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Quote:
Originally Posted by OlyS4 View Post
I checked out your links, thanks. I see what you mean, it seems to me the only things covered with some certainty are the engine and tranny. Major electrical seems to be covered also, just not the stereo or nav.

It's really a case by case it seems. If you really think about it, it's just BMW selling you insurance. Most of the major engine/tranny/electrical problems don't show up until the mileage is higher (usually). We put low miles on our cars, so most likely the CPO we pay more for will expire before we have a major problem and wouldn't be covered anyway.

Am I off in this conclusion??
You should look at the BMW Gold plan and the Platinum plans. Platinum adds the nav and entertainment systems.

People that think the warranty is only for major and catastrophic events are shortchanging it's value. I paid $1800 for a CPO warranty on my M5, and got a over $3k in misc stuff..rear main seal, valve cover gaskets, power steering pump and bracket, window regulator....The PS pump alone is an $800 job, Valve covers 3-400 per... RMS, 1200

Now, at 1800 it was an easy decision. At 3500 it'd be hard. Given that I personally enjoy wrenching, have a garage, and multiple cars, I can afford to have a car sit for two weeks until I get it done.

Talk to some sponsors here and on bimmerfest for better deals on the warranties too.

A

PS Warranties are not just based on 'what part failed' but also on 'how it failed'... the problem is that many dealers, and BMW themselves, tends to base coverage on 'the part' and not on 'failure mode'. For example a brake rotor that explodes (ie total mechanical failure) is covered- but not brake pads or rotors that wear out. Just fyi
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  #10  
Old 01-05-2012, 04:14 PM
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Quote:
Originally Posted by OlyS4 View Post
...We put low miles on our cars, so most likely the CPO we pay more for will expire before we have a major problem and wouldn't be covered anyway.

Am I off in this conclusion??
Don't disagree...but, it's all about one's mental health in having some kind of safety net. I suspect most knowledgeable people, with CPO, like the fact that it should cover the trans, which seems to be the biggest/costliest boogie man that comes up with some frequency.

But, the low mileage driver is really rolling the 'cost of CPO' dice.
GL, mD
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