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The dealer also didn't have to pay the residual to get the car; they pay wholesale, which is probably a couple grand lower (BMW's typically depreciate much more in the wholesale market than their lease residuals imply). Then they get bonuses/etc from BMW for selling CPO cars.
The next buyer will probably still negotiate several grand off the price, but BMW and the dealer will still make plenty of money. And it's not a bad deal for the CPO buyer, because they get a like-new car with a great warranty. Win-win-win.
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