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E90/E91/E92/E93 (2006 - 2013)
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  #1  
Old 08-04-2013, 08:18 AM
Nerdboss Nerdboss is offline
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Is a CPO worth it?

I plan on buying a 2011 328i sedan with sport and premium packages at the end of this year.
I'm buying it from the dealer but it most likely will not be a CPO car.
I don't know how long I will have till the original warranty expires, but I plan on getting every little thing that's not quite right replaced before it expires.

How much should I expect to pay for a CPO? Is it worth it for something that is supposed to be the most reliable BMW? Would a warranty from my credit union be a better option?
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  #2  
Old 08-04-2013, 09:40 AM
coyote95667 coyote95667 is offline
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6 yr 100,000 mile warranty vs 4 yrs 50,000 for another $1700 always seemed like a good deal to me, especially since in my case I drive enough to run out the odometer before the time is up. I just don't want to have a BMW that isn't under warranty for my daily driver - peace of mind is a big part of the BMW experience for me.

But I've learned from reading these boards not to be complacent about the CPO, meaning that it could still have accidents or bad tires etc. I had thought CPOs were cherry picked and made like new for sale, and that isn't quite the case.
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  #3  
Old 08-04-2013, 10:05 AM
SuperTerp SuperTerp is offline
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I would... I just had the amp go out on my m3 and it would have been like 2k lol. Better to be safe you can recover the cost pretty quickly if something happens.
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Old 08-04-2013, 10:14 AM
Nerdboss Nerdboss is offline
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How much is it to add the CPO warranty? I've read 3-5 k for a CPO warranty. Is this right?
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  #5  
Old 08-04-2013, 10:26 AM
roadkillrob roadkillrob is offline
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It is totally worth it when something expensive fails, not so much if it doesn't but since you have no crystal ball, usually safe than sorry! CPO typically adds 3k to the price (some dealers are more greedy, 5k would be ridiculous!), cost on a 3 series is somewhere in the 2k range from what I have seen and is less than what an extended warranty would cost after the fact - cost on the extended is closer to 3k on a 3 series.
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  #6  
Old 08-04-2013, 10:37 AM
coyote95667 coyote95667 is offline
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Quote:
Originally Posted by Nerdboss View Post
How much is it to add the CPO warranty? I've read 3-5 k for a CPO warranty. Is this right?
I've been shopping recently, and it looks to me like a $1700 premium for CPO based on what Edmunds, KBB etc say.

When I was negotiating in the pit, I pointed out a comp at another lot that was $35K (but comp was not CPO). The dealer tried to demonstrate how a CPO was worth another $3500. He itemized a bunch of charges including 4 tires at $375 each (a tactical mistake I think because it made it easy for me to plan my reply).

I drew a line under his total, divided by 2, and I said "this is the wholesale price difference". It was $1750.

I would not pay $3K extra for a CPO inspection and cert. But $1750 yes.
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  #7  
Old 08-05-2013, 05:21 AM
e92josh e92josh is offline
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Yes.
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  #8  
Old 08-05-2013, 12:54 PM
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Last Sight Last Sight is online now
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Quote:
Originally Posted by Nerdboss View Post
I plan on buying a 2011 328i sedan with sport and premium packages at the end of this year.
I'm buying it from the dealer but it most likely will not be a CPO car.
I don't know how long I will have till the original warranty expires, but I plan on getting every little thing that's not quite right replaced before it expires.

How much should I expect to pay for a CPO? Is it worth it for something that is supposed to be the most reliable BMW? Would a warranty from my credit union be a better option?

Yes it is worth it at least IMO and if you get a decent price. I just had my car in for service this morning and apparently a belt tensioner was loose and required replacement. All fixed (minus $50 deductible) under the CPO warranty. Just know what this includes and doesn't include.




Quote:
Originally Posted by coyote95667 View Post
I've been shopping recently, and it looks to me like a $1700 premium for CPO based on what Edmunds, KBB etc say.

When I was negotiating in the pit, I pointed out a comp at another lot that was $35K (but comp was not CPO). The dealer tried to demonstrate how a CPO was worth another $3500. He itemized a bunch of charges including 4 tires at $375 each (a tactical mistake I think because it made it easy for me to plan my reply).

I drew a line under his total, divided by 2, and I said "this is the wholesale price difference". It was $1750.

I would not pay $3K extra for a CPO inspection and cert. But $1750 yes.

I don't believe tires are under CPO unless you get a maint. plan (which isn't bad for $3k if you get both)
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  #9  
Old 08-05-2013, 01:26 PM
Tom K. Tom K. is offline
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Originally Posted by Last Sight View Post
I don't believe tires are under CPO unless you get a maint. plan (which isn't bad for $3k if you get both)
Tires are not covered under the CPO and OEM warranties or the Maintenance plan. There is a separate Tire/Wheel warranty available, but I believe it is for new cars only.

Tom
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  #10  
Old 08-05-2013, 01:44 PM
Al Bundy Al Bundy is online now
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Im a big CPO proponent. If youre too cheap to buy new cars like me, I think CPO mitigates much of the risk associated with buying a used car. Since Im not much of a DIY when it comes to cars, its important to me to have some warranty to cover potential issues that I wouldn't be able to address myself. Helps me sleep at night since BMW repairs can be pricey.

That said, when I was shopping for my car, the CPO premium seemed to be about $1000-$1200...less than what has been mentioned in this thread, but that was because there was only 2 years left on the warranty instead of the three you'd have on a 2011.
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  #11  
Old 08-05-2013, 02:44 PM
SuperTerp SuperTerp is offline
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Quote:
Originally Posted by Tom K. View Post
Tires are not covered under the CPO and OEM warranties or the Maintenance plan. There is a separate Tire/Wheel warranty available, but I believe it is for new cars only.

Tom
Used cars as-well when purchased through a bmw dealer. I got it with my m3
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  #12  
Old 08-05-2013, 06:09 PM
coyote95667 coyote95667 is offline
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Quote:
Originally Posted by Last Sight View Post

I don't believe tires are under CPO unless you get a maint. plan (which isn't bad for $3k if you get both)
It wasn't that the tires would be covered under the CPO. He was just including tire replacement as one of the supposed steps they would have to take to get the other dealer's car "CPO ready". He was trying to justify a $4K difference in price between his CPO car and a similar car on another lot. He was just claiming that "CPO adds almost $4K to the cost" and trying to spell out why. He wasn't suggesting that the CPO warranty would cover tires - they have a whole separate script of lies when it comes to that. Ironically this dealership wound up selling me a CPO with worn below spec tires - and yes they did replace them when I caught them at it, so alls well that ends well.

Last edited by coyote95667; 08-06-2013 at 09:33 PM.
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  #13  
Old 08-05-2013, 09:56 PM
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tturedraider tturedraider is offline
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The actual cost to the dealer to enroll a 3er into the CPO program is roughly $1,300. Add to that whatever costs are incurred to bring the car to CPO standards. There is a .pdf of the four page CPO checklist on www.bmwusa.com and there is also a pretty detailed description of what the CPO warranty covers and what it doesn't. There is a copy of the dealer's CPO inspection guidelines pamphlet on Bimmerfest and you can find it by searching the term under my posts.
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  #14  
Old 08-06-2013, 08:20 AM
Nerdboss Nerdboss is offline
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Will a Dealer add the CPO cert and warranty to a non CPO car?
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  #15  
Old 08-06-2013, 08:28 AM
Tom K. Tom K. is offline
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Quote:
Originally Posted by SuperTerp View Post
Used cars as-well when purchased through a bmw dealer. I got it with my m3
Thanks for the correction. Now that you mention it, I think I was offered the warranty when purchasing my CPO E91 3 years ago. As I have (painfully) learned how to drive around our DC area potholes, I must have declined.

Tom
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  #16  
Old 08-06-2013, 08:33 AM
Al Bundy Al Bundy is online now
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Quote:
Originally Posted by tturedraider View Post
The actual cost to the dealer to enroll a 3er into the CPO program is roughly $1,300. .



Interesting...I must have been underestimating the premium I paid by a few hundred dollars then.
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  #17  
Old 08-06-2013, 10:03 AM
Nerdboss Nerdboss is offline
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Will a Dealer add the CPO cert and warranty to a non CPO car?
Anyone???
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  #18  
Old 08-06-2013, 11:13 AM
f30jojo f30jojo is online now
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Re: Is a CPO worth it?

Quote:
Originally Posted by Nerdboss View Post
Anyone???
Kinda defeats the purpose eh? Cpo means less than 60,000 miles, and I'm not exactly sure but not more than 5 or 6 years old. And have a decent service history, plus a inspection.

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Old 08-06-2013, 11:30 AM
Nerdboss Nerdboss is offline
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Originally Posted by f30jojo View Post
Kinda defeats the purpose eh? Cpo means less than 60,000 miles, and I'm not exactly sure but not more than 5 or 6 years old. And have a decent service history, plus a inspection.

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Yes I know, the one I was looking at was a 2011 328i with less than 30k miles. It wasn't a CPO. I want to know if I can pay the dealer extra to add the CPO warranty?
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Old 08-06-2013, 11:41 AM
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Quote:
Originally Posted by Nerdboss View Post
Will a Dealer add the CPO cert and warranty to a non CPO car?
Yes, as long as the car qualifies the dealer can CPO it before you buy it. CPO'ing a car includes performing the necessary maintenance and repairs so that it meets the CPO standards. It will affect the price you pay versus a non-CPO car.
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  #21  
Old 08-07-2013, 11:26 AM
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Get the CPO, and if the dealer won't CPO that car then don't buy it.
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Old 08-07-2013, 12:19 PM
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Quote:
Originally Posted by Nerdboss View Post
Is it worth it for something that is supposed to be the most reliable BMW? Would a warranty from my credit union be a better option?
Like everything "it depends".

Many of the problems that I've had with my car have been with the radio, of all things, which is 1930 technology. The radio isn't covered under the CPO warranty. It is covered under the BMW "platinum" extended warranty. If the car is under the original warranty and there is any way to finagle a "Platinum" warranty, I'd try it. There have been other electrical problems in addition to the radio, so I wouldn't turn down a CPO warranty. If you read the legal boilerplate on some third-party warranties, they sound like they were written for a 1960 Chevy Impala.

According to Consumer Reports, the 328i is the most reliable BMW. But major components of mine must have been manufactured during Oktoberfest because it may well be the least reliable Eurocar I've ever owned.

Love my BMW's performance, handling and the practicality of the 5th door, just not the QC.
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  #23  
Old 08-07-2013, 12:50 PM
Nerdboss Nerdboss is offline
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Originally Posted by Majikthese42 View Post
Like everything "it depends".

Many of the problems that I've had with my car have been with the radio, of all things, which is 1930 technology. The radio isn't covered under the CPO warranty. It is covered under the BMW "platinum" extended warranty. If the car is under the original warranty and there is any way to finagle a "Platinum" warranty, I'd try it. There have been other electrical problems in addition to the radio, so I wouldn't turn down a CPO warranty. If you read the legal boilerplate on some third-party warranties, they sound like they were written for a 1960 Chevy Impala.

According to Consumer Reports, the 328i is the most reliable BMW. But major components of mine must have been manufactured during Oktoberfest because it may well be the least reliable Eurocar I've ever owned.

Love my BMW's performance, handling and the practicality of the 5th door, just not the QC.
Maybe I shouldn't get one at all? When I asked about reliability everyone said the 328i was pretty damn bulletproof, so long as I keep up with maintenance. You make me want to rethink this.
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  #24  
Old 08-07-2013, 01:27 PM
Al Bundy Al Bundy is online now
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Quote:
Originally Posted by Nerdboss View Post
Maybe I shouldn't get one at all? When I asked about reliability everyone said the 328i was pretty damn bulletproof, so long as I keep up with maintenance. You make me want to rethink this.



Why would you change your mind based on one person's experience


Reality is you will likely have a reliable car if it goes through the CPO process. There is always a small chance you get a car that gives you problems, but that is true of any make/model.
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