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E61Silver 08-13-2011 08:48 PM

CPO
 
I think I am going to buy my car out the lease. The terms of the deal are :

1)$4,000 for CPO is that negotiable?
2) Dealer will waive last two remain lease payments ($750 each)
3) 36 month financing at 0.9%
4) Lease residual is $35,200 about full retail,deal says that is not negotiable?

The car is a 2008 535XIT with 36,000 miles.

What do you think?

Meiac09 08-14-2011 10:28 PM

$4000 is bs. Its more like $2000 to $2500, so it sounds like they are fudging your last two payments into that.

R8DX5 08-15-2011 11:18 AM

Everything is negotiable. Search for comparable vehicles out there and show them what your options are. They will match it or come close if they want your business. Obviously, the biggest difference when you compare is that you know this vehicle. Don't let that be a hindrance to you getting the best deal for your money.

Boston X5 4.4 08-15-2011 01:06 PM

Quote:

Originally Posted by R8DX5 (Post 839023)
Everything is negotiable.

:thumbup: - doesn't matter what was in orig. docs. - I have negotiated down in the past. All depends on how close you are to TMV and how easy they think that they can shift the car from their lot.


+ side - you know the car and how it was treated.

$4K is ridiculous for CPO - quick walk around the car, kick the tires, and a wash in many places. If you really want a warranty and they don't budge in price you could skip and put the $ towards a reputable aftermarket like Warranty Direct.

Thunder22 08-15-2011 03:02 PM

BMWFS will NOT negotiate on residual buyout.

ard 08-21-2011 12:27 PM

Quote:

Originally Posted by Thunder22 (Post 839056)
BMWFS will NOT negotiate on residual buyout.

Not entirely true.

BMWFS will not negotiate with an OWNER, but they give MUCH lower prices to the dealer.

The dealers put tremendous pressure on BMW to prevent FS from talking to owners..by forcing owners to go to a dealer the dealer can capture this profit.

See:

No profit for dealer for end of lease purchase? Come on.... - Bimmerfest - BMW Forums

E61Silver 10-23-2011 11:52 AM

Well I purchased the car, here are the details:

1) Cpo cost is really $2,000+/-
2) Dealer can negotiate the residual price.
3) Got the car for the residual price but with cpo included at no additional cost.
4) With cpo got 0.9% financing for 4 years.

One additional question the dealer wants to sell extended maintenance for another $2,200, is that reasonable and a good idea?

ard 10-23-2011 06:24 PM

Quote:

Originally Posted by E61Silver (Post 848190)
Well I purchased the car, here are the details:

1) Cpo cost is really $2,000+/-
2) Dealer can negotiate the residual price.
3) Got the car for the residual price but with cpo included at no additional cost.
4) With cpo got 0.9% financing for 4 years.

One additional question the dealer wants to sell extended maintenance for another $2,200, is that reasonable and a good idea?

There you go! :)

What are the current brake pad and rotors? And the history of brake maintenance?

$2200 is WAY too much for 3 oil changes, a brake and coolant flush. IMO, even if you get front brakes done it is still way to much.

Do you have an Indy you will use, or are you a "BMW only" guy? If you only use a bmw dealer, you are typically getting so screwed on prices that 2200 seems OK. I think you might be able to shop for the maintenance plans too 9ie do not need to buy it from a local dealer)

GL

A

PersonaNonGrata 10-24-2011 04:28 AM

I love it. They come out with $4000 for the CPO, which everyone knew was BS, and then come down to including it. The scary thing is that some people must get sucked in and pay the $4000. :tsk:

Congrats!

E61Silver 10-24-2011 08:04 AM

Quote:

Originally Posted by PersonaNonGrata (Post 848286)
I love it. They come out with $4000 for the CPO, which everyone knew was BS, and then come down to including it. The scary thing is that some people must get sucked in and pay the $4000. :tsk:

Congrats!

Yes it seems that even a BMW dealers that I have leased other cars from can be a blood sucker. A $3,250 beta (they were going to make a lease payment) from the first offer is a lot. It only because of this and other BMW forums that I was able to get a fair deal. My point for others is that the residual is negotiable; even thought my dealer had at first said that was not the case. You must negotiate it with the dealer BMW finance will not negotiate.

The engine was running a little rough and I had the reduced power light come on a few times (would go off with a restart). They reprogrammed again and changed a sensor. It seems to be running much better this time. This spring they did a reprogram and replace injectors and the engine seem to lose power. The twin turbo 6 has had fuel pump and other issues I hope this is the end of those problems and I would not be surprised to see more. Other than that the car has had very little problems.

I have to that I really like the car it offers more than enough power and gets good mpg (I have averaged 25 to 27mpg).

It is sad that BMW no longer imports wagons. The GT is joke which they should drop and bring back the wagon. I think that BMW would rather sell X3's in the USA.


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