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-   -   Need help considering a 08 4.8 X5 CPO (https://xoutpost.com/bmw-sav-forums/x5-e70-forum/80966-need-help-considering-08-4-8-x5-cpo.html)

Jordo 04-29-2011 02:50 PM

IMO, there are plenty of other fish out there. Keep fishing.

Chip 04-29-2011 04:04 PM

Just some advice, I was also looking for a 08 4.8i X5. I was looking at the CPO dealership and I eventually found a fully loaded X5 three states over at a private dealer. I was lied to and then blamed for forgetting something. (The sales guy claimed me told me about the scratches they tried to hide it and then later said he had already told me).

To add, they wanted the SAME price as the non CPO dealer for a car with less than half the options..

The dealer had ferraris, lambos, corvettes, and even a ford gt. I checked the ratings of the dealer before I left (they were all great) and got a clean carfax and everything was well detailed (scratches, etc.)

So the moral is that CPO does mean something, but it's not a full warranty. The car I got also came with a private extended warranty (which I paid extra for) that is good for 100k miles. Thus, you may also want to look at private dealers as well.

CrazyCrab 04-29-2011 04:11 PM

Quote:

Originally Posted by Chip (Post 821381)
Just some advice, I was also looking for a 08 4.8i X5. I was looking at the CPO dealership and I eventually found a fully loaded X5 three states over at a private dealer. I was lied to and then blamed for forgetting something. (The sales guy claimed me told me about the scratches they tried to hide it and then later said he had already told me).

To add, they wanted the SAME price as the non CPO dealer for a car with less than half the options..

The dealer had ferraris, lambos, corvettes, and even a ford gt. I checked the ratings of the dealer before I left (they were all great) and got a clean carfax and everything was well detailed (scratches, etc.)

So the moral is that CPO does mean something, but it's not a full warranty. The car I got also came with a private extended warranty (which I paid extra for) that is good for 100k miles. Thus, you may also want to look at private dealers as well.

Thanks, I'll add that to the search as well. The vehicle I was looking at was almost identical to what you have minus the rear entertainment system. I have a quick question for you, will send a PM

JCL 04-29-2011 04:56 PM

Quote:

Originally Posted by ard (Post 821353)
A lease is a rental.

You do NOT want to buy a car that ard has rented.

(Lessees are simply using -maybe abusing- a car for 3 years, then turn it in and move on... no way to know what kind of care was taken, other than the very minimal BMW specified.)

That is why I would never buy a lease.

You could safely buy a vehicle that JCL has rented. Well, most of the time.

I think of a lease as a rental that only had one renter. To me, there is a big difference between a three year lease, and a daily rental that was rented out of an airport. I wouldn't worry about buying an ex-lease vehicle, and did once, many years ago. It was a Toyota pickup, and there were 50 of them just off lease, so I got to walk down the rows and pick the cleanest one.

I tend to buy cars and use them for three years or so, and then sell them. I don't lease, since there are no tax advantages here, and since I don't need to finance my vehicles. My point is that every vehicle I sold had been driven for several years by someone that knew he was going to dump it at the end of 36 months. I don't see why that is any different than a vehicle that the lease company held the title to instead of me. I try to take good care of my vehicles, but it is because of respect for the machinery, more than because I own them.

Something we agree on is that an inspection and review of service records will tend to show all this. I think there are ex-lease vehicles that are worth purchasing, and privately owned vehicles that aren't. If you eliminate half the potential vehicles to purchase, ie all the ex-lease ones, you reduce your chances of finding a good one. Just my $0.02

BGM 05-02-2011 11:02 AM

Keep in mind, though, it's slim pickens on a 2 year old X5 (and most premium brands as most lease them) that isn't a lease.

CrazyCrab 05-02-2011 12:39 PM

This X5 ended up selling the next day after posting but thanks everyone. Still in the search


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