BMW Certified Pre-Owned (CPO) Wrap coverage

[PAX5]

I've never been a fan of the BMW CPO program, primarily because of what it does not cover ... However, now BMW USA has introduced the so called BMW Certified Pre-Owned (CPO) Wrap coverage, available exclusively through BMW Financial Services (see attached brochure).

Does this mean that only those who finance their cars thru BMW FS are eligible???

Is anyone familiar with this program?

Retail prices quoted are around $1800 to $2600 for the WRAP coverage, depending. This cost is in addition to the cost of CPO.

What are some of the prices that folks have paid? So far my dealer has offered 10% off any of the retail prices.

Note that only the platinum programs covers the radio, CD, RES and nav.

[blondboinsd]

Yikes. Looks pretty expensive. For what it's worth I just got rid of my 2007 X5 with 103k on the odometer. Nearly everything was covered under CPO. The only thing I ever paid for was software updates (once) and I'll say it once and I'll say it again: it's all about the relationship you have with your dealer

[ard]

Looks like nonsense for scared people....

There is no difference in the coverage for all the other parts (besides nav/radio in the Platinum)...same plan. same rules.



The Gold plan does do a thing for you other than adding one year (from 6/100 to 7/100) the platinum adds the radio, nav, etc....

It boggles the mind that people would buy this- its just not worth those prices, IMO

[PAX5]

Originally Posted by ard

Looks like nonsense for scared people....
There is no difference in the coverage for all the other parts (besides nav/radio in the Platinum)...same plan. same rules.
The Gold plan does do a thing for you other than adding one year (from 6/100 to 7/100) the platinum adds the radio, nav, etc....
It boggles the mind that people would buy this- its just not worth those prices, IMO

Here's the background to my question(s). Would like your opinion:

After my recent discovery of a catastrophic drive-shaft and transmission failure on a 2011 E70 X5 50i with only 38K miles I was considering buying (see 2011 50i transmission faillure - Bimmerfest - BMW Forums), I am wondering if spending $2200 on CPO and $1800 on the platinum WRAP wouldn't be a good idea ...

I'm looking at another 2011 50i with 49,500 mi with no CPO on it at the moment. Dealer says it can still be done.

I can't imagine what it would cost if I drove the car off the lot and experienced such a catastrophic tranny failure. It might be $10K+ or more to fix. A CPO inspection will not reveal any imminent failures, but at least you know you're covered, in case .... Even a simple problem with the DSP stereo system, or RES, or NAV can cost thousands to fix.

I can tackle brake jobs and the like, but wouldn't have a clue where to start when it comes to transmissions or electronics on a car like the e70 ...

Buy another Honda ...?

[mrbmwx5]

CPO = certain problem overlook.
Sorry couldn't help you....

[ard]

Originally Posted by basora

Here's the background to my question(s). Would like your opinion:

After my recent discovery of a catastrophic drive-shaft and transmission failure on a 2011 E70 X5 50i with only 38K miles I was considering buying (see 2011 50i transmission faillure - Bimmerfest - BMW Forums), I am wondering if spending $2200 on CPO and $1800 on the platinum WRAP wouldn't be a good idea ...

I'm looking at another 2011 50i with 49,500 mi with no CPO on it at the moment. Dealer says it can still be done.

I can't imagine what it would cost if I drove the car off the lot and experienced such a catastrophic tranny failure. It might be $10K+ or more to fix. A CPO inspection will not reveal any imminent failures, but at least you know you're covered, in case .... Even a simple problem with the DSP stereo system, or RES, or NAV can cost thousands to fix.

I can tackle brake jobs and the like, but wouldn't have a clue where to start when it comes to transmissions or electronics on a car like the e70 ...

Buy another Honda ...?

I understand the motivation.

But that tranny issue is absolutely covered by the CPO. A CPO (or a BMW Gold Extended warranty, SAME PLAN) is like "major medical": the big stuff is covered. Engine. Transmission.

Now, what about the stuff in between? Hoses? radiator hoses, AC hoses, seals, rubber, suspension, electornics.... yes, you can be bled with that stuff. [harsh on] But if you cannot tolerate a few thousand a year- possibly- for upkeep on a $80k car, why are you playing in this sandbox? I know this is harsh, and comes off poorly, but folks need to really get beyond monthly payments and 'the deal'. You are in it for more than just the buy in. [harsh off]

A CPO is FAR better than nothing, and will cover quite a bit. Personally I used to manage my service visits by first diagnosing the issue, then making sure my reported issue 'fit' into the CPO coverage- those items that didnt, I wouldnt even bother at the BMW dealership.

The "Wrap" seems to be targeted at fearful and unknowledgeable buyers- "I jsut want to be protected". The actual coverage is really poor- it would do nothing for the 'bleeders' that the CPO misses (except nav and radio).

Finally you should discount the CPO inspection ENTIRELY. The sales folks will (or may) tell the ionspector "pass this" and it will.... get your own PPI. yes, get the CPO for the warranty, jsut dont believe the cpo is some kind of 'refurbished to factory conditions'...



A

[PAX5]

Originally Posted by ard

A CPO is FAR better than nothing, and will cover quite a bit. Finally you should discount the CPO inspection ENTIRELY. The sales folks will (or may) tell the inspector "pass this" and it will.... get your own PPI. yes, get the CPO for the warranty, jsut dont believe the cpo is some kind of 'refurbished to factory conditions'...

Agree on the CPO and especially the CPO inspection. So for my example ('011, 50i with 49.5K mi and no warranty left), the CPO makes sense. No wrap coverage. I just need to get the CPO at a price that makes sense.

But, as you have advised many, many times: get everything in writing! So having the CPO inspection list "checked off" and in writing, makes a lot of sense (see attached example on another car) and gives peace of mind.

[ryanp910]

I was surprised at the parts BMW covered on my Wife's CPO 535i. They replaced brakes, air filters, spark plugs, windshield wipers, and a faulty injector since we have owned the car and we have not paid anything. I dont know which warranty that falls under. We did not purchase anything extra with the car warranty wise.

[ard]

^^ Lemme guess: you have no idea if this was done under the warranty or the CPO warranty or the regular maintenance program or if a prior owner bought the extended maintenance...just that you bought a "cpo" and therefore it must be covered by "the cpo"

brakes, airfilters, wipers, are all NOT covered under a CPO plan.

[ryanp910]

Originally Posted by ard

^^ Lemme guess: you have no idea if this was done under the warranty or the CPO warranty or the regular maintenance program or if a prior owner bought the extended maintenance...just that you bought a "cpo" and therefore it must be covered by "the cpo"

brakes, airfilters, wipers, are all NOT covered under a CPO plan.

Don't guess. Just read the post. Especially the part where it says I don't know which warranty it falls under. But thank you so much for clarifying.