Welcome to Bimmerfest -- The #1 Online Community for BMW related information! Please enjoy the discussion forums below and share your experiences with the 200,000 current, new and past BMW owners. The forums are broken out by car model and into other special interest sections such as BMW European Delivery and a special forum to voice your questions to the many BMW dealers on the site to assist our members!

Please follow the links below to help get you started!

Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > General BMW

General BMW
Use this forum to talk about general BMW news/stories and to chat with fellow enthusiasts about the direction that BMW is going in for their cars and/or motorcycles!

Reply
 
Thread Tools Display Modes
  #1  
Old 01-23-2011, 06:03 AM
janewb janewb is offline
Registered User
Location: west hartford, ct
 
Join Date: Apr 2010
Posts: 2
Mein Auto: 328xi
Lease End and CPO 2008 328xi

I have a 2008 328xi with about 48k miles on it. My lease ends in March. I went to the dealer yesterday - to have maintenance and to talk to them about lease-end options. I am almost sure I am going to buy the car.

The dealer explained the purchase process to me. He went over all of the numbers, etc., including sales tax, last lease payment, He said certification would be $2000 and explained a little bit about what it covered and what it didn't cover. He made sure to tell me it was not simply an extension of the current warranty. He also said as part of the certification, they would fix everything that needed fixing and would detail the car. He implied that certification is REQUIRED.

Service told me the car needed brakes, which were replaced (front and back) under the original warranty. They also told me I needed tires which would be around $1100. I opted not to purchase the tires yet.

I guess my questions are: what does the certification really include? Would new tires be included in that? Is certification required? Why would they need the car for one week?

Thanks!

P.S. - Any way to get around the Sales Tax? In CT, when I purchased/leased the car, I paid the whole sales tax upfront on the purchase price. Now when I buy the car, I have to pay the sales tax on the new purchase price?
Reply With Quote
Ads by Google
  #2  
Old 01-23-2011, 07:58 PM
manutdx manutdx is offline
Registered User
Location: Ontario, Canada
 
Join Date: Dec 2010
Posts: 40
Mein Auto: 2007 328xi BMW
1. I highly doubt new tires will be added but with that being said, when I bought my CPO car it came with new tires and the dealer said new tires were part of the CPO program so you may get that. Check with the dealer

2. You probably only paid the sales tax on the total value of the lease (not the entire value of the vehicle) so you probably have to pay the tax on the remaining amount if you purchase the car.

3. Wether or not you buy it will depend on the buyout costs vs other CPO cars available in your area. If it is a good deal for your car (slightly high mileage for the years) then go for it. If not, you may want to look for a car with less miles on the clock.
Reply With Quote
  #3  
Old 01-25-2011, 04:37 AM
pony_trekker pony_trekker is offline
Officially Welcomed to the 'Fest
Location: NY
 
Join Date: May 2003
Posts: 2,176
Mein Auto: 5
Quote:
Originally Posted by janewb View Post
I have a 2008 328xi with about 48k miles on it. My lease ends in March. I went to the dealer yesterday - to have maintenance and to talk to them about lease-end options. I am almost sure I am going to buy the car.

The dealer explained the purchase process to me. He went over all of the numbers, etc., including sales tax, last lease payment, He said certification would be $2000 and explained a little bit about what it covered and what it didn't cover. He made sure to tell me it was not simply an extension of the current warranty. He also said as part of the certification, they would fix everything that needed fixing and would detail the car. He implied that certification is REQUIRED.
It isn't required but some consider 2 grand well spent.
Quote:
Service told me the car needed brakes, which were replaced (front and back) under the original warranty. They also told me I needed tires which would be around $1100. I opted not to purchase the tires yet.

I guess my questions are: what does the certification really include? Would new tires be included in that? Is certification required? Why would they need the car for one week?
Tires aren't included.


Quote:
P.S. - Any way to get around the Sales Tax? In CT, when I purchased/leased the car, I paid the whole sales tax upfront on the purchase price. Now when I buy the car, I have to pay the sales tax on the new purchase price?
Not a CT resident but that sure does suck if it's true.

I had a similar decision but I was just north of 50k which made certification a nonoption. I was sure I was going to buy the car but when I ran the numbers on a new one it was over a hundred bucks less a month because of better residuals, money factors and holiday cash that I opted to get back in the revolving door.

YMMV.
Reply With Quote
  #4  
Old 01-25-2011, 06:20 AM
omaralt omaralt is offline
Officially Welcomed to the 'Fest
Location: FL
 
Join Date: Jul 2010
Posts: 646
Mein Auto: 2013 550i
wait, are you guys sure about the tires? i thought that a CPO vehicle cannot be sold as CPO if the tires were under a certain tread measurement. so if your tires are under that measurement; which i'm assuming they are since you need new tires; they would have to put new tires on as part of the certification process. that would make the $2K certification price a lot easier to swallow..

however now that i think about it i also think that you have to return the car at the end of the lease with certain tread measurements.. maybe look into getting some cheap used tires or something?
Reply With Quote
  #5  
Old 01-25-2011, 04:41 PM
Black 328xi Black 328xi is offline
Registered User
Location: Pennsylvania
 
Join Date: Jan 2011
Posts: 69
Mein Auto: 328xi
Quote:
Originally Posted by manutdx View Post
1. I highly doubt new tires will be added but with that being said, when I bought my CPO car it came with new tires and the dealer said new tires were part of the CPO program so you may get that. Check with the dealer.
+1 on the tires. Bought my CPO with brand new run flats. The vehicle inspection sheet for the CPO states they must be OEM and not mismatched for the car to be sold as CPO. The measurement must also be 3mm or greater.

What will the buyout be for the car?
__________________


2008 / Black Sapphire Metallic / Beige Dakota / Cold / Prem / Nav / Steptronic
Reply With Quote
Reply

Bookmarks

Tags
certification, cpo, lease


Forum Navigation
Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > General BMW
Today's Posts Search
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On



Forum Jump


All times are GMT -7. The time now is 12:22 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
© 2001-2011 performanceIX, Inc. All Rights Reserved .: guidelines .:. privacy .:. terms