Quote:
Originally Posted by ABMW
(Post 714404)
No, it's a BMW option in the U.S. whereby BMW will guarantee a used vehicle if it falls within certain parameters, after they've given it minor overhaul. They usually give it a full detailing, change brake pads, fluids, inspect the car thoroughly (or at least they are supposed to). They give you many of the same amenities one receives when buying a new vehicle, like a warranty, road side assistance, etc. They then price the cars about 25 to 30% below new vehicles with attractive lease rates. Personally, I've never found it to make financial sense for this exact reason, as for $10 or 15k more you can buy a new vehicle, knowing its full mechanical history, etc. But in some cases, you can get a nice deal if a car has been sitting on the lot. Again, this is my personal opinion only, but CPO programs make more sense when dealing with vehicles that are extraordinarily reliable such as Infinitis, Lexus, and Accura (jury still out on the Lexus/Toyota models, but in general they're "were" fine until a few months ago).
The vehicle must be under a certain, age, within certain mileage limits, etc. Many dealers in the U.S. offer Certified Pre-Owned Programs, at least mid to high range lines, such as Accura, Infiniti, etc.
|
Quote:
Originally Posted by London Lad
(Post 714310)
Oh OK thanks. Like second hand with a warranty ?
|
CPO is pretty much a scam. It is a used car with a warranty backed by BMW.
On the ASk a Dealer forum elsewhere you hear a regular recitation of the party line concerning the 'careful inspection and refurbishment' that CPO entails, and the 'fact' that only a few rare examples pass the CPO insoection.
BS
Unfortunately people believe a CPO affords them some level of BMW assurance- IT DOES NOT.
You can buy a car that has been abused, that has actual data in the DME that it was abused- and BMW will never look at that....yet when you make a warranty claim they dump the dme and say "oh, it has been abused- sorry, no coverage". The CPO inspection has NO requirement that they actually confirm the car has not been abused (in terms of over-reving the motor) or even if the DME has been flashed or tampered with!!
Cars have been damaged and repaired poorly. Items that are not covered by the CPO warranty mayl be 'missed' by the CPO inspection and the new owner pays.
Odds are better with a CPO, but is is no guarantee. People thing "Well, the CPO might cost $10k more but if anything goes wrong I am covered"> WRONG
There are plenty of links to the actual CPO inspection criteria as well as the CPO warranty.
You are buying a used car, with no major frame damage, with an oil change and detail, all lights, and accessories working, and brakes and tires over 50%. THAT'S IT. Nothing else.
I always recommend a PPI on a used car, and a "CPO" is no exception.
A |
