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2015 Audi A3 (wife) / 2015 Golf TSI (me) / 2009 Nissan Versa SL Hatch (daughter #1) / 2008 Hyundai Accent GLS (daughter #2)
'17 F150 Crew 2.7; '67 Coronet R/T; '14 Town&Country Limited; '09 LR2 HSE. 44-car history and counting!
Wanted to know what you guys thought about this deal. I'm looking to contribute in way I can. So will start off with my question: I am looking to buy a CPO 2012 BMW 328i Convertible it has 8710 miles on it and clean CarFax report with only one owner.
It has the following options:
The car is only sale for $36,888 with final walk-out price of $40,440. I like the features and the mileage and kind off really want this car. There is 2 years of manufacturer's warranty left and 2 additional years of CPO warranty. So the car will be under warranty till 2018. Is there room for negotiation on the price? I checked Edmunds TMV, Truecar, KBB it says the car is valued at 41K before tax, title, fees - with this configuration and mileage. It probably sounds too good to be true at the moment. This is in Florida. Please let me know if you guys think this is a good deal and if I can negotiate to bring the price down.
Also for got to mention that the car has some minor scratches on the from right bumper that are visible. There are about 5-8 small scruffs and the salesman agreed that the car was ruffled a bit. There is no dent at all.
Walk out price he gave me - and this is before I made any counter offer and walked out, still waiting to receive the CPO Inspection Sheet. : Price: $36888, total Fee: $1222.45 (this includes dealership fees of $699, Tax: 2311.01 = $40421.46.
Are we certain this is a real CPO car? I presume this is a BMW dealer? Some dealers will tell you they'll "certify" the car if you buy it, and then slap on a 3rd party extended warranty. There should be a CPO sticker on the car that tells you who is backing the warranty and who is issuing the CPO.
Also, don't assume that you're getting an extension of the full factory warranty, even if it is genuine CPO from BMW. You are probably getting a full factory powertrain warranty but a limited extended warranty on everything else. Worth checking!
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Yes. I made sure this is a real CPO, and it is a BMW dealer. The CPO is done by BMW and the remaining new-car warranty is about 2 years. I am waiting for them to send in the CPO Inspection Sheet as they just completed the Certification yesterday. BMW on their website has the inspection sheet which I plan to compare it with.
When you say limited extended warranty do you mean the warranty that comes with the car after being certified -2 years in this case. I checked BMW's website and they have a linkto a pdf that tell us what is not covered in the CPO for cars retailed after Jan 1 2014. Are you referring to that?
Yes--often people mistake the 2 extra years as 2 years of FULL warranty, but that's not often the case. It could just be powertrain, or powertrain + limited. CPO doesn't always translate into "trouble free"--just because they check 200 things doesn't mean they replaced 200 things. Those are still 200 parts with mileage on them.
Got it!! I will make sure I check these things in detail. Do you have any inputs on the price here? I am also thinking of getting a PPI done from an independent shop.
It's been mentioned in here before, but even with a CPO car, it's not that expensive to have an independent mechanic go over the "used" car. With a BMW, lots of owners prefer to use their own indy mechanic after warranty so a "PPI" (pre-purchase inspection) would be a good excuse to track one down if you don't have a shop in mind.
yeah a PPI is always good, to get it on a lift and check for collision damage, etc (carfax doesn't catch everything) and perhaps to anticipate future repairs.
Seems legit. They'd have to sell the car to the other dealership most likely. You could always have an independent body shop look over the car for a small fee if you are concerned about prior collision damage.
stever said:Yes, and that's one reason I saw today from a dealer as to why a car wasn't being offered as a CPO one. That was new to me. Here's the link.With a CPO car, in addition to a (sometimes?) longer warranty, you may get roadside assistance or free loaner cars when yours in the shop.
Yes, and that's one reason I saw today from a dealer as to why a car wasn't being offered as a CPO one. That was new to me. Here's the link.With a CPO car, in addition to a (sometimes?) longer warranty, you may get roadside assistance or free loaner cars when yours in the shop.