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View Full Version : CPO ... seems a no-brainer.... right ?


Coconutpete
05-16-2008, 06:51 AM
I am on the hunt for a 2004 or a 2005 ZHP Coupe. I have $10K in cash as a down payment. The CPO deal seems like an absolute no-brainer here..... they cost a little more but you get the warranty and you get low financing! It is only for 2005's and not 2004's right? Am I missing something ?????? I have really good credit but I don't think anybody can touch 3% financing!

It just comes down to having patience for a couple of weeks (or however long it takes) to find a CPO in my color instead of buying a non-cpo'd one .......

Tell me it's worth the wait!!!!

SouthernHero
05-16-2008, 07:05 AM
The CPO is great, but don't let it make up your mind on the deal as a whole. There some non-CPO steals out there... just budget some money for repairs if you need them.

Coconutpete
05-16-2008, 07:21 AM
I'm just thinking as follows:

on a 30K car, I'm financing anywhere between 15 and 20K of it.....

Let's say I get a rate of 5 or 5.5% which would be GOOD considering the loan rates for used cars right now...... Versus 3 or 3.5% for the CPO, now you are talking a 2% difference - that's up to $4,000 in financing alone, without even bringing the warranty aspect into it.

1985mb
05-16-2008, 07:30 AM
Aren't they offering 2 free payments as well? (of course, payments aren't the only factor to consider, but it helps)

Coconutpete
05-16-2008, 07:53 AM
Yep - the 2 free payments will definitely sweeten the deal, but it will not be a deal maker/breaker.

RPM Photography
05-16-2008, 08:18 AM
The CPO/Extended maintenance plan on my 540i has been a life saver. aid for itself several times over. They even cover clutches...WHAT WERE THEY THINKING!? haha

mistercindy
05-16-2008, 09:16 AM
CPO cars are often a great deal. I bought two CPO Mercedes and had great luck with them. And the six year 100,000 mile warranty is outstanding. If you want to buy that warranty it'll cost you $3,500. You just have to be patient and wait for your car to pop up.




It is only for 2005's and not 2004's right?
I don't think its so much the year of the car, but the mileage and whether or not it can pass BMW's inspection. I don't know if BMW's CPO rules are the same as Mercedes', but in 1999 I bought a CPO 1993 Mercedes 300E that had under 30,000 miles on it and was in terrific shape. But at six years old that was the oldest car I ever saw on a Mercedes CPO lot. Most are within four years old.

Coconutpete
05-16-2008, 11:07 AM
I don't think its so much the year of the car, but the mileage and whether or not it can pass BMW's inspection. I don't know if BMW's CPO rules are the same as Mercedes', but in 1999 I bought a CPO 1993 Mercedes 300E that had under 30,000 miles on it and was in terrific shape. But at six years old that was the oldest car I ever saw on a Mercedes CPO lot. Most are within four years old.

My bad, I don't think I was clear - I mean the BMW special till June 30. is only on 2005's hehe.

LBB
05-16-2008, 12:16 PM
Picking up mine tomorrow....325 CiC with 13,000 miles. Seemed like a great deal to me with the amount left on the original warranty plus the extra....and 2 free payments and low financing.