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F10 / F11 (2011 - Current)
The new chapter in the highly successful story of the BMW 5 Series Sedan (F10) and wagon (F11)

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  #1  
Old 03-26-2013, 06:36 PM
niloyc niloyc is offline
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Location: Edison, NNJ
 
Join Date: Mar 2013
Posts: 2
Mein Auto: CRV
Is this a safe non-CPO option

Hi,

I am looking for my first BMW and trying to figure out CPO or not to CPO. I got an interesting 2012 528Xi with very low miles. Looked at the Carfax report and this is what it looks like:

11/03/2011 5 Vehicle offered for sale
03/01/2012 7 Pre-delivery inspection completed
Washed/detailed
Wheel locks installed
State safety inspection completed
03/26/2012 15 Passed safety inspection
Emissions inspection performed
View what was inspected
03/26/2012 Vehicle sold
04/20/2012 Title issued or updated
Dealer took title of this vehicle
while it was in inventory
Registration issued or renewed
First owner reported
Registered as corporate fleet vehicle
Passed safety inspection
09/20/2012 4,859 Maintenance inspection completed
Washed/detailed
10/20/2012 4,902 Dealer Inventory
Vehicle offered for sale
10/26/2012 4,905 Vehicle offered for sale
10/29/2012 Dealer Inventory
Vehicle offered for sale
03/13/2013 7,223 Computer(s) checked
Oil and filter changed
Tire condition and pressure checked
Engine/powertrain computer/module checked

My question is does it look strange to you that the mileage went up by 2300 miles without any ownership between Oct 2012 and March 2013. Is this something I should steer clear of? Also, is it safe to get a fleet vehicle?

Thanks in advance,

Niloy
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  #2  
Old 03-28-2013, 12:58 PM
FreqMan FreqMan is offline
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Location: Alexandria, VA
 
Join Date: Apr 2012
Posts: 63
Mein Auto: Alexandria, VA
Dealer could have used the vehicle for in house executives; possibly a rental or maybe a loaner.

I would get an extended warranty (BMW extended warranty has plenty info out there - just search Bimmerfest) or ask the dealer to make it a CPO deal. Just bear in mind that the dealer will likely want to elevate the price to cover CPO registration (over $2000) and shop time to do the inspection. If they don't want to do a CPO if you offer to pay, then I'd conclude they don't believe the car will pass.
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Old 03-28-2013, 01:34 PM
niloyc niloyc is offline
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Location: Edison, NNJ
 
Join Date: Mar 2013
Posts: 2
Mein Auto: CRV
Thanks Freqman. Understood. Yes the dealer did offer to take it thru CPO for an added cost. Let me take a look more closely then. Couple of more follow up questions, for such a low mile car, does it make sense to CPO it or drive it for 4/yr/50K miles and then get a Gold extended warranty, which, from what I read, is the same as CPO warranty. Would BMW charge me at that time to bring it to CPO specs before extended protection kicks in?
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Old 03-28-2013, 02:25 PM
FreqMan FreqMan is offline
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Location: Alexandria, VA
 
Join Date: Apr 2012
Posts: 63
Mein Auto: Alexandria, VA
Once you buy it, there is no future CPO.

I went through this same decision process last summer. No doubt that delaying the purchase of an extended warranty until just before the new car warranty runs out is a wise use of the money considering what you could get from investing it until then.

I actually opted for the extended warranty since I wanted to keep the car 7 years.

If you go that route, negotiate the BMW extended warranty price via email and phone before showing up to do the paperwork. That way you avoid the in your face pressure. There is lots of profit in extended warranties. Many folks tell tales of ruthless bargaining - I settled on about a 20% discount off the quote - you may be able to do better. I called around to competing dealers to get their quotes to get a feel of where my dealer fell in their opening offer.

If you don't plan to keep the car past the CPO period, I think CPO is the simplest route as long as the dealer doesn't pad the deal in the name of CPO added cost. If they charge you more than around $2500 for CPO, then I would walk.
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