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E90/E91/E92/E93 (2006 - 2013)
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  #1  
Old 03-31-2013, 05:28 PM
Drewsome Drewsome is offline
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How much is CPO really worth?

Buying my friend's 2010 328i, which is coming off lease. Very low mileage, garaged.

We're going to have the dealer handle the exchange (for a fee, no doubt), since we don't want to have to pay sales tax twice (when she buys it from BMW, and then when I buy it from her).

Since we're already involving the dealer, should I inquire about having the vehicle CPO'd to extend the warranty? The car has only about 11K miles on it, and I do not expect to drive the BMW many miles either, so it's likely not going to need major warranty service in its first 6 years anyway.

That said, should I consider asking the dealer to CPO it? And if so, how much is a CPO designation worth? 1K, 2k?

Any advice would be greatly appreciated!
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  #2  
Old 03-31-2013, 06:00 PM
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laser laser is offline
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Wow, you are really an outlier for CPO and the car probably wouldn't qualify with that low of a mileage.

Know that you are under full warranty for 48 months as it is.

CPO costs the dealer about $2500 or so .... you should search this board for a board sponsor extended warranty and get competitive quotes for less than $2500 with a garage queen like that.

Of course you might well self insure with such a pristine car.
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  #3  
Old 03-31-2013, 06:45 PM
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tturedraider tturedraider is offline
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Quote:
Originally Posted by Drewsome View Post
Buying my friend's 2010 328i, which is coming off lease. Very low mileage, garaged.

We're going to have the dealer handle the exchange (for a fee, no doubt), since we don't want to have to pay sales tax twice (when she buys it from BMW, and then when I buy it from her).

Since we're already involving the dealer, should I inquire about having the vehicle CPO'd to extend the warranty? The car has only about 11K miles on it, and I do not expect to drive the BMW many miles either, so it's likely not going to need major warranty service in its first 6 years anyway.

That said, should I consider asking the dealer to CPO it? And if so, how much is a CPO designation worth? 1K, 2k?

Any advice would be greatly appreciated!
What you are doing is called an "in and out" in dealer-speak. The typical charge is around $500.

The car is eligible to be CPO'd. The only low mileage restriction is that a car must have been in service for at least six months or 6,000 miles. The cost to the dealer to enroll the car in the CPO program is roughly $1,300. Add to that the labor cost (about an hour) to perform the CPO inspection and any costs incurred to do maintenance and/or repairs to bring the car up to CPO standards. With this car those costs should be almost nil. I imagine the dealership will want at least $2,000 to CPO the car.
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Old 03-31-2013, 07:09 PM
Drewsome Drewsome is offline
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Originally Posted by tturedraider View Post
What you are doing is called an "in and out" in dealer-speak. The typical charge is around $500.

The car is eligible to be CPO'd. The only low mileage restriction is that a car must have been in service for at least six months or 6,000 miles. The cost to the dealer to enroll the car in the CPO program is roughly $1,300. Add to that the labor cost (about an hour) to perform the CPO inspection and any costs incurred to do maintenance and/or repairs to bring the car up to CPO standards. With this car those costs should be almost nil. I imagine the dealership will want at least $2,000 to CPO the car.
Wow, great info. That's exactly what I was looking for. Many thanks!!
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Old 04-01-2013, 07:27 AM
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furby076 furby076 is online now
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While what TTrue said is correct, keep in mind and don't be surprised if the dealer says a number way higher then 2000. Not because the car required extra care (though that may be the case) but because the sales person may want extra cash
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  #6  
Old 04-01-2013, 08:15 AM
Drewsome Drewsome is offline
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Quote:
Originally Posted by furby076 View Post
While what TTrue said is correct, keep in mind and don't be surprised if the dealer says a number way higher then 2000. Not because the car required extra care (though that may be the case) but because the sales person may want extra cash
Very true.

The way I see it, the dealer will earn about $500 for less an hour's paperwork. If he or she expects to gouge me with the CPO, I will just say "no thanks!". I'm hopeful this won't happen since (1) my friend is likely starting a new 5 series lease with same dealer, and (2) I'm a potential future customer.
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  #7  
Old 04-01-2013, 05:15 PM
gpburdell gpburdell is offline
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Definitely look at the CPO coverage vs BMW extended warranty if what you,re after is insurance against major (covered) repairs. CPO is fine, but at its core it's an extended warranty.
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