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Old 12-01-2012, 01:27 PM
ard ard is offline
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Quote:
Originally Posted by Orient330iNYC View Post
they arent supposed to. bmw used to look the other way when they would do this in the past, but has been taking a much harder line on lease buyout cpo flips.

usually a gold or platinum extended warranty costs the same as cpo. 3-4k is in the ballpark for a platinum plan.
Precisely.

In the past some dealers would semi-openly call it their "refinance" plan.

In the past, the dealer could buy the car for whatever BMWFS quoted, CPO it and sell it back to the original lessee... Now BMWFS wants to know "is this a lessee who is buying it?" and if yes, the buyout price to the dealer is higher than if the dealer is putting it on the sales floor. BMW is reaching into the deal to control prices, hence more controls on who is getting a CPO.
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