CPO worth the premium?

whynotme · 08-08-2022, 11:12 PM

Seems the CPO are a bit more expensive, all else equal, and I'm wondering if getting a non-CPO plus extended warranty would come to about the same cost. Most of the cars I'm considering are 2019 models, and with varying dates of in-service, I've got about 2 years left on a CPO warranty with unlimited miles. I could get a non-CPO for maybe $3k less and get an extended warranty for a couple grand, bringing me to about the same as the CPO. But with the separate extended warranty, it would probably last for alot longer than the 2 remaining years on CPO warranty. UGH, I have so many questions about buying my first BMW!

RugbyBro · 08-08-2022, 11:18 PM

Quote:

Originally Posted by whynotme

Seems the CPO are a bit more expensive, all else equal, and I'm wondering if getting a non-CPO plus extended warranty would come to about the same cost. Most of the cars I'm considering are 2019 models, and with varying dates of in-service, I've got about 2 years left on a CPO warranty with unlimited miles. I could get a non-CPO for maybe $3k less and get an extended warranty for a couple grand, bringing me to about the same as the CPO. But with the separate extended warranty, it would probably last for alot longer than the 2 remaining years on CPO warranty. UGH, I have so many questions about buying my first BMW!

My 2 cents: It's not a terrible deal for an extra year of warranty and guarantee that the drivetrain was not f*cked with (or give you some legal recourse if you found out it was after the fact). However, it doesn't mean it's a great, accident / damage free car though. A lot of times dealers will CPO cars that they know won't sell easily.

ppointer · 08-09-2022, 05:34 AM

I have had a couple of CPO cars. However, that was back when new BMWs came with four years of warranty and maintenance and the CPO program gave you an almost new car for quite a bit less than a new price. When I recently needed another car, the prices on two-year-old models were too close to new, so I ordered what I wanted. The five month wait was not a problem, otherwise this might not have worked for me.

The CPO program worked well for me. Just didn't make sense for me with today's market.

Marcoose · 08-09-2022, 06:08 AM

The old E85 was CPO with extended warranty. Best money ever spent! The E89 isn’t. Fingers crossed!

OTOH, if you’re going to heavily mod your car, then you may want to forego the extra money. BMW are very picky on how they apply warranty calls.

allinon72 · 08-09-2022, 08:16 AM

In normal times it's a decent way to narrow down your search and weed out some of the junk. But right now there's little incentive for dealers to spend the money on the certification if the car is going to sell within 48 hours anyway. Also, aftermarket extended warranties are not a 1 to 1 equivalent to BMW's factory warranty, most of them are horribly expensive with a lot of exceptions.

tracer bullet · 08-09-2022, 08:26 AM

Generally agreed w/ the above. The answer is "it depends". In some cases there will be extra prep work on the car, things attended to, maintenance done, minor repairs made and so on. In today's market I bet they don't have to bother with that any more. The extended warranty is nice but yep if you won't drive many miles or will modify the car, it's probably not worth it.

BMWCCA1 · 08-09-2022, 08:42 AM

CPO used to add two-years and 50,000-miles to the manufacturer's warranty. These days it costs the dealer the same amount but adds only one-year, albeit unlimited miles. You can than M-B for that since they started the whole one-year/unlimited program which arguably benefits fewer buyers and has to cost M-B and BMW less in the long run. We are usually able to offer quality after-market warranties for longer terms at less money with the added convenience of not requiring you take it back to a BMW dealership for claims. Just be careful to research the company, their history, and ask for references if possible.

CPO does not guaranty an accident-free history and the guidelines even set standards for some serious damage such as frame-damage repairs that still qualify for CPO after proper repairs. CPO cars do qualify for some incentives like BMW's College Grad program ($1,000) and even BMWCCA Loyalty rebates. Often BMW will run CPO programs at lower interest rates, too.

tracer bullet · 08-09-2022, 09:14 AM

I should add that (thank you Servce Dept at Motorwerks BMW in MN) I got a hefty discount on a repair partially due I think to the CPO. I had Valvetronic issues on my X3 and the repair was done basically for the cost of the parts (or, at least the cost I'd have paid for the parts). Original quote was about double but after a good conversation (not being ironic, it was actually a good conversation) and talking about it having been a CPO car purchased form them, the price was dropped a ton. So it wasn't exactly a cost savings specifically for being a CPO but I really do think it was a factor. If I'd bought the car off Craigslist I really doubt it'd have happened.

happyjack · 08-09-2022, 09:45 AM

Quote:

Originally Posted by whynotme

Seems the CPO are a bit more expensive, all else equal, and I'm wondering if getting a non-CPO plus extended warranty would come to about the same cost. Most of the cars I'm considering are 2019 models, and with varying dates of in-service, I've got about 2 years left on a CPO warranty with unlimited miles. I could get a non-CPO for maybe $3k less and get an extended warranty for a couple grand, bringing me to about the same as the CPO. But with the separate extended warranty, it would probably last for alot longer than the 2 remaining years on CPO warranty. UGH, I have so many questions about buying my first BMW!

which model BMW?

i've owned five CPOs and never actually had a warranty claim...although my '07 X3 had an x-drive failure about 6 months out of the extended warranty.

i think most modern bimmers are pretty damned reliable (aside from the V8s)...and you're probably safe just self-insuring.

whynotme · 08-10-2022, 10:27 AM

Quote:

Originally Posted by happyjack

which model BMW?

i've owned five CPOs and never actually had a warranty claim...although my '07 X3 had an x-drive failure about 6 months out of the extended warranty.

i think most modern bimmers are pretty damned reliable (aside from the V8s)...and you're probably safe just self-insuring.

330i xDrive 2019. Bought it yesterday.

08-08-2022, 11:12 PM	#1
whynotme Second Lieutenant 95 Rep 230 Posts Drives: '19 X5 xDrive 40i Join Date: Aug 2022 Location: New England iTrader: (0)	CPO worth the premium? Seems the CPO are a bit more expensive, all else equal, and I'm wondering if getting a non-CPO plus extended warranty would come to about the same cost. Most of the cars I'm considering are 2019 models, and with varying dates of in-service, I've got about 2 years left on a CPO warranty with unlimited miles. I could get a non-CPO for maybe $3k less and get an extended warranty for a couple grand, bringing me to about the same as the CPO. But with the separate extended warranty, it would probably last for alot longer than the 2 remaining years on CPO warranty. UGH, I have so many questions about buying my first BMW!
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08-09-2022, 05:34 AM	#3
ppointer Major 861 Rep 1,184 Posts Drives: '01 Z3M, '12 335is, '22 540i Join Date: Jul 2013 Location: FLL iTrader: (4) Garage List 2012 BMW 335i [5.25] 2012 BMW 335is [5.00] 2008 Infiniti QX56 [0.00] 1967 Chevrolet Corv ... [10.00] 2001 M Roadster [10.00] 2022 BMW 540i [0.75] 2009 528i [9.50]	I have had a couple of CPO cars. However, that was back when new BMWs came with four years of warranty and maintenance and the CPO program gave you an almost new car for quite a bit less than a new price. When I recently needed another car, the prices on two-year-old models were too close to new, so I ordered what I wanted. The five month wait was not a problem, otherwise this might not have worked for me. The CPO program worked well for me. Just didn't make sense for me with today's market.
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08-09-2022, 06:08 AM	#4
Marcoose Captain 646 Rep 672 Posts Drives: 2016 sDrive35is Join Date: Feb 2021 Location: San Francisco, CA iTrader: (0)	The old E85 was CPO with extended warranty. Best money ever spent! The E89 isn’t. Fingers crossed! OTOH, if you’re going to heavily mod your car, then you may want to forego the extra money. BMW are very picky on how they apply warranty calls.
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08-09-2022, 08:16 AM	#5
allinon72 Brigadier General 5064 Rep 3,859 Posts Drives: 20' M2C, 23' X1 Join Date: May 2017 Location: Indianapolis, IN iTrader: (3)	In normal times it's a decent way to narrow down your search and weed out some of the junk. But right now there's little incentive for dealers to spend the money on the certification if the car is going to sell within 48 hours anyway. Also, aftermarket extended warranties are not a 1 to 1 equivalent to BMW's factory warranty, most of them are horribly expensive with a lot of exceptions.
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08-09-2022, 08:26 AM	#6
tracer bullet Brigadier General 3752 Rep 4,278 Posts Drives: '25 Z4, '15 X3 35i (135i sold) Join Date: May 2011 Location: Saint Paul, MN iTrader: (1)	Generally agreed w/ the above. The answer is "it depends". In some cases there will be extra prep work on the car, things attended to, maintenance done, minor repairs made and so on. In today's market I bet they don't have to bother with that any more. The extended warranty is nice but yep if you won't drive many miles or will modify the car, it's probably not worth it.
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08-09-2022, 08:42 AM	#7
BMWCCA1 BMW Owner Since 1971 2526 Rep 1,522 Posts Drives: 1964 700 Sport Cabriolet Join Date: Apr 2014 Location: Central Virginia iTrader: (2) Garage List 2013 BMW 128i [10.00]	CPO used to add two-years and 50,000-miles to the manufacturer's warranty. These days it costs the dealer the same amount but adds only one-year, albeit unlimited miles. You can than M-B for that since they started the whole one-year/unlimited program which arguably benefits fewer buyers and has to cost M-B and BMW less in the long run. We are usually able to offer quality after-market warranties for longer terms at less money with the added convenience of not requiring you take it back to a BMW dealership for claims. Just be careful to research the company, their history, and ask for references if possible. CPO does not guaranty an accident-free history and the guidelines even set standards for some serious damage such as frame-damage repairs that still qualify for CPO after proper repairs. CPO cars do qualify for some incentives like BMW's College Grad program ($1,000) and even BMWCCA Loyalty rebates. Often BMW will run CPO programs at lower interest rates, too.
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08-09-2022, 09:14 AM	#8
tracer bullet Brigadier General 3752 Rep 4,278 Posts Drives: '25 Z4, '15 X3 35i (135i sold) Join Date: May 2011 Location: Saint Paul, MN iTrader: (1)	I should add that (thank you Servce Dept at Motorwerks BMW in MN) I got a hefty discount on a repair partially due I think to the CPO. I had Valvetronic issues on my X3 and the repair was done basically for the cost of the parts (or, at least the cost I'd have paid for the parts). Original quote was about double but after a good conversation (not being ironic, it was actually a good conversation) and talking about it having been a CPO car purchased form them, the price was dropped a ton. So it wasn't exactly a cost savings specifically for being a CPO but I really do think it was a factor. If I'd bought the car off Craigslist I really doubt it'd have happened.
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