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Old 02-11-2010, 02:12 PM   #1
BMW Extending CPO Warranties
 
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tim330i
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posted by tim330i

If you’re hesitating to purchase a BMW pre-owned car, then this news is likely to push you into buying one. BMW of North America is improving its no-cost maintenance plan and is adding two years or 50,000 miles on select certified pre-owned 2007 models sold between Feb. 2 and March 31.

This upgrade gets activated when a new-car transferable four-year or 50,000-mile warranty expires. BMW customers who qualify include certified pre-owned 2007 3-Series, 5-Series and 7-Series. They are eligible to receive the no-cost maintenance plan upgrade that raises the warranty to six years or 100,000 miles.

Russ Lucas, manager of BMW Pre-Owned Sales, said that this is the “bread and butter” and “the heart” of its lineup. He added that these stand for 45% of its sales. He anticipates that there will be more sold within the next 60 to 90 days.

The plan covers the following: all service inspections, oil service, wiper blades, and normal wear and tear, like oxygen sensors and brake and clutch replacements. Without a maintenance plan, the owner would have to cough out at least $1,800 for these services in over two years.

The deal depends on standard BMW Financial Services rates. In a statement, BMW said that it intends to entice more customers to BMW’s used car business, particularly those who may still have reservations about the reliability and overall value of certified pre-owned cars.

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Old 02-11-2010, 02:13 PM
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That's great, I just hope they do that again when it's time for me to get another BMW.
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Old 02-12-2010, 11:42 AM
bmw4me2 bmw4me2 is offline
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O2 sensors are not replaced until it hits 100k miles, so BMW would probably not replace it
saying it's not due to be changed until then.
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Old 02-13-2010, 06:37 AM
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tturedraider tturedraider is offline
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BMW NOT extending CPO warranties. BMW extending no-cost Maintenance to CPO cars, in certain buying situations.
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Old 02-15-2010, 03:42 PM
Jsborn Jsborn is offline
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As the above commenter wrote, this is not an extension of the CPO warranty. The blurb should really be rewritten--it's pretty misleading right now and this site should help correct misconceptions, not propagate them.

The facts:

1. The CPO warranty is still 2 years / 50k miles after the new car warranty (4yrs/50k) expires. The CPO warranty isn't as comprehensive as the new car warranty, though. This is all UNCHANGED.

2. The current special offer is 0.9% financing - OR - the extended maintenance plan for free (a ~$2k value at full price). Only applies to select 2007 models--look at the BMW website.

3. Arguably the only real value of the maintenance plan is brakes. A clutch shouldn't fail within 100k miles if driven properly, but during that period two or three sets of brakes will amount to a significant expense.
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Old 02-16-2010, 06:49 AM
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Im on my 2nd cpo'd in 2 yrs, the plan doesnt really do much, It changes your oil every 15k miles, I change it every 5k. Brakes should last you 30k miles and at an indy they are no where near 2k. Its a great sales pitch, but wouldnt really do anything for me.
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Old 02-18-2010, 06:16 PM
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It really seems better to go for the 0.9% financing.
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Old 02-20-2010, 03:54 PM
rob2681 rob2681 is offline
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I'm in the process of purchasing an CPO '07 750i that is eligible for the exented maintenance program. The salesman has told me I cannot take the 2.9% financing plus get the extended maintenance. He stated that I'll have to use standard retail BMWFS rates. I'm okay w/ that, however what I don't know is how the standard rate compares to the 2.9%. I found a link http://dealer.webmakerx.net/Images/S...nal%202009.pdf that states standard rates on 07 750i are 3.9% for elite tier customers.

Can someone give me an idea of the current BMW FS rates? The table in the link is for 12/09 so that info is dated.
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Old 02-20-2010, 05:24 PM
TRS550 TRS550 is offline
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Wow. 2 more years of "free" non maintenance.

BFD.
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Old 02-21-2010, 03:17 PM
135iUSN 135iUSN is offline
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Elite tier is what? sorry - never financed with BMWFS thx
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Old 02-22-2010, 12:21 PM
JStu313 JStu313 is offline
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I'm not in the "elite" tier, but with a credit score around 700, they offered 2.9% in lieu of the extended maintenance plan; otherwise I would've qualified for 6.9% on my CPO 2007 530i.

Doing the math, I saved more choosing the cheaper financing... and would still come out ahead if I decide down the road to purchase the extended maintenance.
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Old 02-22-2010, 08:49 PM
rob2681 rob2681 is offline
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Just finished the deal on our CPO 750i; we took the 2.9 financing also. The retail rate was 5.9 and the math just didn't work out for the extended maintenance. That offer isn't really all that. Got the car (sport package) for 42.3K w/ 24K miles.
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Old 02-24-2010, 02:14 PM
jackinoc jackinoc is offline
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0.9% Finance Rates

The option for the 0.9% finance rate, according to the dealer I spoke with, is for only a 24 month loan. They are offering 2.9% for up to 60 months. The other option to purchase no-maintenance is for up to 6 years/100,000 miles from the date the car was originally purchased as a new vehicle (not as CPO). This then essentially covers the maintenance for another 2years/50 miles on the CPO.
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Old 02-26-2010, 07:05 PM
135iUSN 135iUSN is offline
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good info thx and enjoy the 750
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