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E90/E91/E92/E93 (2006 - 2013)
The E9X is the 4th evolution of the BMW 3 series including a highly tuned twin turbo 335i variant pushing out 300hp and 300 ft. lbs. of torque. BMW continues to show that it sets the bar for true driving performance! -- View the E9X Wiki

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Old 10-07-2013, 12:57 PM
jhc21 jhc21 is offline
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Location: Indiana
 
Join Date: Oct 2013
Posts: 1
Mein Auto: Jetta
To Buy or Not to Buy off Lease? CPO vs Warranty

Hello All: Long time reader, first time poster. Here is the deal...I use to have a 2004 325i that I sold a few years ago. I loved it. We now only have one car but I have been in the market for a while. I'm looking at the new 3, Jetta, CLA, or new A3 sedan. However, my parents 2011 328i (23K miles) is coming off lease in January. The residual is about $23,300 to buy it off lease. Car is in good shape, low miles, and I know the car's history since it was only owned my by parents.

Two questions:
1. Given the car has no visible issues is $23K a good price in the market for this car? (No Nav but premium package, heated seats).
2. IF I buy the car off lease should I have the car CPO'd and then I buy it back CPO covered? (Possibly negotiate a lower CPO price)...OR I just buy the extended warranty package once the original warranty is over? The car still has another year on its original factory warranty.

Thanks for the input!

-J
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