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Buying a Used 3-Series

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Comments

  • So to confirm, the warranty will expire either in 2010 or after it's been driven 16k more miles? Hrm.
  • roadburnerroadburner Posts: 6,016
    Yes.

    2009 328i / 2004 X3 2.5/ 1995 318ti Club Sport/ 1975 2002A/ 2007 Mazdaspeed 3/ 1999 Wrangler/ 1996 Speed Triple Challenge Cup Replica

  • That doesn't sound too appealing :)
  • Hello bought a used CPO vehicle, and was wondering if anyone has bought the appearance package Good deal or not?

    $1475.00 covers scratches to exterior or damage to interior leather for 5 years.

    They come to you.

    Unlimited uses no deductible.
  • shiposhipo Posts: 9,152
    I'm thinking that the "deal" sounds more like a scam. Think about it this way, have you caused even half that much wear and tear on your cars over the last ten years? Geez, I don't think my wife and I combined have accumulated even that much in wear and tear over the last twenty, and during that time we had two children (now teenagers), and neither of them were terribly gentle on our cars.

    Best regards,
    Shipo
  • Thanks for the reply Shipo. Yeah, I never usually take extended warranties, etc on anything. We have three kids 8, 10, and 12, and big mastiff that will be jumping in and out of it. I can't even count the scratches on my minivan anymore. I think 1500 hundred is a bit too much too...easy enough to cancel they gave us 60 days with no penalties...only reason it was considered. Thanks again.
  • roadburnerroadburner Posts: 6,016
    I agree with Shipo 100%.
    It's a racket.

    2009 328i / 2004 X3 2.5/ 1995 318ti Club Sport/ 1975 2002A/ 2007 Mazdaspeed 3/ 1999 Wrangler/ 1996 Speed Triple Challenge Cup Replica

  • A magazine reporter is interested in consumers who have purchased a used vehicle in the past few months. Please send your email address and phone number to jfallonedmunds.com by Wednesday, February 11, 2009, if you fit the bill.

    Karen-Edmunds Community Manager

  • Here is my situation:

    I bought a certified used BMW 330xi and I am currently paying $470 per month. The car has about 39,000 miles on it. I have 59months left of payments.

    I got an offer to lease a 2008 328i 3 series sedan for $527 a month with $3,000 down. 10,00 miles per year for 36 months. The dealership would get me out of the 330xi

    Should I keep my used car or get into the newer car and have the luxury of walking away after 3 years.

    Here are the features that I would be giving up if I go with the 2008 328i:

    all wheel drive
    Xeon lights
    illuminated door sills
    Logic 7 sound system
    25 horsepower

    What are everyine's thoughts?
  • I don't see any advantagewhatsoever to your doing this. You can 'walk away' from the 330 anytime because you own it. You can't get out of the lease for 36 months AND you have zero equity in the 328. At least in 36 months you'll have equity in the 330 and probably won't be upside down on the loan.

    Besides all that, 10K miles a year is not such a good idea. You'll go over that no doubt and end up with a mileage charge...AND that 328 had better be near-perfect when you return it, or you'll pay for dings and dents.
  • Thanks. I think you are right. There does not seem to be any advantages in going with the lease.
  • Hi, I just want to share my experience of buying a CPO with you all and hope that some of you may be able to help me out.

    I went to the cealership to look at a cpo 2006 330xi at the end of last year to take advantage of the 0.9 financing. The salesman keep on pushing and I went for it, thinking that I like it anyway. First sign of trouble that I should have picked up is. He told me that it is certified already, but when we do the paper work, he told me that it has not been, so I have to write a post-dated check so he has time to get the car in the system or BMW will fine them something like $500. I agreed and wait. I did not look at the car closely for it is dirty and not clean. He assured me that once it is certified, all ding and dents would be fixed and drives like new in the commercial, stupid me.

    After two weeks have passed, the car is still not ready. Eventually picked up the car in the third week. I asked for the paper work (the certified check list), they cannot produce it. I waited for 2 hours and I saw the mechnics scrambling around. At that point, I really suspect that they did not do the certification. I looked at the car, there are dents that are not fixed and it drives sluggish and not smooth.

    I called the general manager of the dealership and complained, and they agreed to do another 140 points check and fix the dents in the bumper. another week passed by, I sent someone to pick up my car and specifically asked the person to check the bumper and asked for the certified papers. Once again, they cannot produce the paperwork at the spot and scrambled around for hours. the dents are still not fixed. The person which I sent picking up the car cannot see because the car was not washed and he missed some spots.

    At this point I am fed up with the car. I recently took the car to another dealership just for checking it out because I really hate the way it drives. it is loud, bumpy and sluggish. the found a bunch of problems and it is still in the shop waiting for the verdict.

    This is basically the story without going in all the details. I truely regretted buying a used car at this point believing that there is some kind of a standard behind a name brand. Anybody knows anything I can do to file a complain or suggestions?

    Any suggestions are much appreciated.
  • I bought a 2006 330xi CPO end of last year too. During the negotiation, there were a few points which wrangle me still, but overall I think I got a good deal. The car looks great and runs great. I hate the alarm signs every time I hot a pot hole and the tire loses some air, but cant say if the car is good say, until at least come summer.

    Now, I have received a CPO guide in the mail, and a survey email from the dealer to see if I was satisfied with the purchase. At the bottom of the survey, there is an option to request that you be contacted by the dealer, and/or by BMW North America. So, if you have given up on making peace with the dealer, contact BMW NA. They are funding this purchase anyways and should resolve this.

    And I strongly believe in retribution against cheats. Spread the name of the dealer on these and other boards. DO NOT let them get away with this.

    Good luck!
  • Well it's just one man's opinion. Others here might have another angle on this that I'm missing...
  • thanks hemanthh

    I don't plan to let them get away, but I have been dealing with this car for more than a month now, getting kind of tired.

    Am waiting for the results from the other dealership looking at the car. So far there are problems with the engine and transmission. They told me they are minor problems, but shouldn't these be fixed at the whatever 140 points inspection?

    When you purchase yours, did you get the check list? I am sure that mine was done at the spot when I asked because I had to wait for 2 hours watching them running around to get signatures.

    I have not received any calls nor survey from BMW North America.

    I plan to write to the CEO of BMW USA and cc the general manger of the dealership, including all the paper work, will see how that goes.

    Am I allowed to disclose the dealership name and the "used car" salesman, would love to be able to do it here.
  • I would definetly post that crooks name. I bought a used 2006 330xi about three weeks ago and got a detrailed checklist immediately. I assume the check should be done before they advertise that the car is certified. If you do not mind me asking, how many miles are on the car and how much did you pay for it? On another note I test drove another car that I was considering and it was terrible. I asked myself how they could sell that car and call it certified? They may not be doing a detailed check at the dealerships.
  • the car has around 36500 miles on it and paid $25,000. Am not sure if this a good deal.

    We test drove the car before it was "certified," and I was not impressed by it. However, I was assured that it will be good after being certifed, just some tune up and stuff, stupid me. My plan was to use it as a daily commuting car to work, well, it has been in the shop for a month so far.

    I seriously was thinking that the pre-owns have some kind of a standard, apparently I was wrong.

    Now the car is in another dealership and they are checking it out, will find out next Monday
  • BTW, from what the "used car" salesman told me, they cannot sell you the car as certified before they actually do it, that's why I have to write a post-dated check to the dealership. If BMW finds out, the dealership will be fined.

    I guess some dealerships don't even bother to follow the 140 check points thinking that most people wont even know the difference and wont ask for the check list.
  • patpat Posts: 10,421
    Wow, I'm sorry for what you've been through.

    If you haven't already, please consider posting this also in our Dealer Ratings & Reviews. That's another way to let others know what's happening here.
  • That price seems fair. I got mine for 24,900 and it had about 39,900 miles. I bought the car for the same reason, to commute daily to work. I am usually totally against buying used cars but I figured that a CPO was a good bet. I am very nervous about when the factory warranty runs out. That extra warranty only covers the powertrain and electric but not maintenance. You can always buy a maintenance plan but I do not know how expensive it is. How many miles a day do you commute to work?
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