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  #1  
Old 02-27-2017, 11:21 AM
snapdragon snapdragon is offline
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Need some advice buying CPO 435i

I've been looking for a CPO 435i for couple months. Recently one friend told me about lots of advantage of BMW leasing program and makes me undecided between buying a CPO 435 or leasing a new one.
My question is will the price of CPO 435 drops after the new 2018 generation being announced? I got an offer to pay $35000 for a 20000 mileage 2014 435i. It has some basic package like navigation and driver assistance. Is a good deal comparing to leasing a new car? Or I should wait until the end of the year?
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  #2  
Old 02-27-2017, 11:29 AM
John MS John MS is offline
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Find out all of the options. Then price the car for your area using Edmunds.
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Old 02-27-2017, 12:26 PM
snapdragon snapdragon is offline
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Originally Posted by John MS View Post
Find out all of the options. Then price the car for your area using Edmunds.
Edmunds suggests a dealer price of 32000, but how much more does CPO worth? $1000?
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Old 02-27-2017, 03:20 PM
Tc_sting Tc_sting is offline
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All cars are liabilities.

By reviewing lease terms it appears BMW believes their cars will lose 55% of their original value in 3 years. Assume 1st year depreciation of 20%.

A used 328i that sold for $50k 3 years ago now has a trade in value of 18k according to kbb.

A new model will make the old version less valuable. No one knows exactly how much until the market adjusts for supply and demand.

Should you wait and lease new? Financially you are probably losing about the same amount either way.

The more important question is, do you want to drive a BMW now or wait 8 months and maybe drive the latest a greatest later?
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Old 02-27-2017, 03:41 PM
CoyoteZak CoyoteZak is offline
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Quote:
Originally Posted by Tc_sting View Post
All cars are liabilities.

By reviewing lease terms it appears BMW believes their cars will lose 55% of their original value in 3 years. Assume 1st year depreciation of 20%.

A used 328i that sold for $50k 3 years ago now has a trade in value of 18k according to kbb.

A new model will make the old version less valuable. No one knows exactly how much until the market adjusts for supply and demand.

Should you wait and lease new? Financially you are probably losing about the same amount either way.

The more important question is, do you want to drive a BMW now or wait 8 months and maybe drive the latest a greatest later?
I don't necessarily disagree with your advice to the OP, but your math and analysis of lease terms, depreciation and trade in values are completely out of left field.

A $50,000 MSRP 3 series would sell for maybe $46k new. BMW would use an inflated residual of maybe $32,500 for a 36 month lease but realistically its will be worth $28k or so after 3 years.

Last edited by CoyoteZak; 02-27-2017 at 04:52 PM.
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Old 02-27-2017, 05:17 PM
snapdragon snapdragon is offline
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Originally Posted by CoyoteZak View Post
I don't necessarily disagree with your advice to the OP, but your math and analysis of lease terms, depreciation and trade in values are completely out of left field.

A $50,000 MSRP 3 series would sell for maybe $46k new. BMW would use an inflated residual of maybe $32,500 for a 36 month lease but realistically its will be worth $28k or so after 3 years.
If I buy a 20000 mileage 2014 435i for $35000. It'll be $38000 including tax. And I sell it for like $15000 after 3 years, that is $23000 difference. Plus I need to pay maintenance which is not included in the CPO extended warranty, let's say $4000 for three years, the depreciation+maintenance will cost me $27000. Why is it so unreasonable? This is similar to the three-year payment if I lease a new 440.
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Old 02-27-2017, 05:32 PM
bimmerbingo bimmerbingo is offline
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If you want your BMW to hold its resale value then get an M car, or get a Porsche. Lesson learned after having spent 100k+ on BMWs in the last two years (59K for a brand new 2015 328i almost paid off, 52K for a CPO 2015 435i almost paid off).
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Last edited by bimmerbingo; 02-27-2017 at 05:39 PM.
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Old 02-28-2017, 11:18 AM
John MS John MS is offline
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Quote:
Originally Posted by snapdragon View Post
Edmunds suggests a dealer price of 32000, but how much more does CPO worth? $1000?
Does that CPO get you anything other than a nice clean car? Extended warranty maybe?
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Old 02-28-2017, 12:31 PM
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BeemerGuy BeemerGuy is offline
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Quote:
Originally Posted by bimmerbingo View Post
If you want your BMW to hold its resale value then get an M car, or get a Porsche.
Gawd, don't buy a Porsche!!! Horrible depreciation. DAMHIK

OP, you are way off base on the cost of maintenance.

To answer your question: Yes, your old obsolete 435 will be worth less when the new model comes out. That's always true. How much? Hard to say.

CPO is worth about $2K if you like warranties. That's all you are buying, really. And these cars are pretty robust, you shouldn't expect a large (if any) repair before you get up to 70, 80K miles on it. Maintenance stuff, sure, brakes, tires, etc. but warranties don't cover that. The more stupid electronic crap you get on it, the more likely you are to have issues. But warranties don't always cover that stuff. Read the fine print.

Leasing is a different animal - there are more fees on leasing but you save on sales tax and are protected from depreciation surprises and being upside down if it's stolen or totalled.
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Old 02-28-2017, 02:55 PM
snapdragon snapdragon is offline
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Quote:
Originally Posted by bimmerbingo View Post
If you want your BMW to hold its resale value then get an M car, or get a Porsche. Lesson learned after having spent 100k+ on BMWs in the last two years (59K for a brand new 2015 328i almost paid off, 52K for a CPO 2015 435i almost paid off).
M car is way out of my league. My salary is like 100k so there is no way I can afford that
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Old 02-28-2017, 02:56 PM
snapdragon snapdragon is offline
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Originally Posted by John MS View Post
Does that CPO get you anything other than a nice clean car? Extended warranty maybe?
I think now the policy of CPO car is to extend the warranty of engine and something for two more years/50000 miles.
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