10-17-2016, 04:02 PM | #1 |
Major
648
Rep 1,476
Posts
Drives: 2022 G01 X3 M40i (Black/Black)
Join Date: May 2005
Location: Little Rock, AR, USA
|
Should I pay $1800 to CPO my car if I have to spend another $1800 for it to qualify?
So, I've opted to purchase my car at the end of lease. I negotiated a deal to purchase it at the residual amount, but that number INCLUDES the $1,800 to certify the car (or $1,800 less that residual if I opted to forego certification).
So here's the rub...they call me today to tell me that I have to buy two (2) new tires (front tires are at 40% wear), update the NAV, and a couple of other items, all to the tune of ANOTHER $1,800. So essentially, I would be spending $3,600 for CPO. My SA points out that the two tires have to be replaced anyway at some point, I'd get a NAV update (which I realize I can get from other sources for less than the $350 they're charging me), AND BMW finances CPO at a much lower interest rate. All good points, BUT, my question is... ...would I be better off to find a "better" after market extended warranty at this point? [p.s. It really peeves me that they would make ME buy new tires for MY car...it's a wear and tear item...I get it if I'm turning it in for them to sell at a pre-arranged value, but since I'm buying it, I don't know why it matters.]
__________________
2022 G01 X3 M40i (Black Sapphire/Black), HK, DAP, PAP, Shadow Line
2014 F30 335i (EB) 6MT, M Sport, Premium, Tech, DHP, HK, CW, M Brakes, M Exhaust 2006 E90 330i (Silver) 6MT, Sport |
10-17-2016, 04:38 PM | #2 |
Private
25
Rep 68
Posts |
If it's your car and you already know it....why not try another dealer?
Ask them if they will certify it without the tires etc...I'd personally never buy a 3rd party warranty. Purchased one a few years back and had a bad experience. |
Appreciate
0
|
10-17-2016, 05:12 PM | #3 | |
Banned
354
Rep 1,986
Posts |
Quote:
|
|
Appreciate
1
wrickem2101.00 |
10-17-2016, 05:45 PM | #4 |
Big Beaver Smile
2101
Rep 3,791
Posts |
Did they offer you a price on BMW extended platinum warranty? Like Kambrich said, I may be a better option for you since you know the car and you wont have to go through the certification process but things like the nav screen and radio are covered.
__________________
______________________________________________
Current- '21 430 , '19 911, 07 M6 ,'17 Jeep Wrangler, "23 Bronco OBXluxsquatch |
Appreciate
0
|
10-17-2016, 05:54 PM | #5 |
Banned
354
Rep 1,986
Posts |
CPO Inspections are sticklers on tire thread. They are known to reject tires with 95% tread left!
Considering Bank of America was offering 2.39% for 60 month financing on BMW's coming off lease last week, what is BMWFS w/CPO Financing offering you? And B of A did not require any inspection. |
Appreciate
0
|
10-17-2016, 06:51 PM | #6 | ||
Major
648
Rep 1,476
Posts
Drives: 2022 G01 X3 M40i (Black/Black)
Join Date: May 2005
Location: Little Rock, AR, USA
|
Quote:
__________________
2022 G01 X3 M40i (Black Sapphire/Black), HK, DAP, PAP, Shadow Line
2014 F30 335i (EB) 6MT, M Sport, Premium, Tech, DHP, HK, CW, M Brakes, M Exhaust 2006 E90 330i (Silver) 6MT, Sport |
||
Appreciate
0
|
10-17-2016, 06:52 PM | #7 | |
Major
648
Rep 1,476
Posts
Drives: 2022 G01 X3 M40i (Black/Black)
Join Date: May 2005
Location: Little Rock, AR, USA
|
Quote:
BMW is offering 1.9% on CPO.
__________________
2022 G01 X3 M40i (Black Sapphire/Black), HK, DAP, PAP, Shadow Line
2014 F30 335i (EB) 6MT, M Sport, Premium, Tech, DHP, HK, CW, M Brakes, M Exhaust 2006 E90 330i (Silver) 6MT, Sport |
|
Appreciate
1
tex26702412.50 |
10-17-2016, 06:53 PM | #8 | |
Major
648
Rep 1,476
Posts
Drives: 2022 G01 X3 M40i (Black/Black)
Join Date: May 2005
Location: Little Rock, AR, USA
|
Quote:
__________________
2022 G01 X3 M40i (Black Sapphire/Black), HK, DAP, PAP, Shadow Line
2014 F30 335i (EB) 6MT, M Sport, Premium, Tech, DHP, HK, CW, M Brakes, M Exhaust 2006 E90 330i (Silver) 6MT, Sport |
|
Appreciate
0
|
10-17-2016, 06:56 PM | #9 | |
Brigadier General
2413
Rep 4,449
Posts
Drives: '23 X1 28i xDrive
Join Date: Jan 2015
Location: Philly
|
Quote:
Backing out the tire price, what do you think is the likelihood that you would have warranty claims over the remaining 3 years of the CPO warranty that will come to the cost of certifying the car? I think I'd pass. |
|
Appreciate
1
a03159.50 |
10-17-2016, 06:57 PM | #10 |
Brigadier General
2413
Rep 4,449
Posts
Drives: '23 X1 28i xDrive
Join Date: Jan 2015
Location: Philly
|
|
Appreciate
0
|
10-17-2016, 08:08 PM | #11 | ||
Major
648
Rep 1,476
Posts
Drives: 2022 G01 X3 M40i (Black/Black)
Join Date: May 2005
Location: Little Rock, AR, USA
|
Quote:
__________________
2022 G01 X3 M40i (Black Sapphire/Black), HK, DAP, PAP, Shadow Line
2014 F30 335i (EB) 6MT, M Sport, Premium, Tech, DHP, HK, CW, M Brakes, M Exhaust 2006 E90 330i (Silver) 6MT, Sport |
||
Appreciate
0
|
10-17-2016, 08:16 PM | #12 |
Private
52
Rep 98
Posts |
I think they're full of shit on the NAV. I purchased a CPO that was two years old and the NAV was the original from the production date. I even asked about them updating the NAV and they said, "for $350" and I said "no thanks." So I think they're just trying to nickle and dime you on this whole deal.
Might want to see if other members had the most up-to-date NAV when they purchased their CPO. Like I said, mine was a couple years old.
__________________
2016 BMW F15 xDrive 35i - Imperial Blue Metallic 2014 Porsche 991- Sapphire Blue Metallic |
Appreciate
0
|
10-17-2016, 08:17 PM | #13 | |
Banned
354
Rep 1,986
Posts |
Quote:
Any BMW Dealer can give you the price. And you do not need a CPO inspection. Use the remaining 40% of your thread....pay $50 for Nav update with the money you saved. Last edited by Kabrich; 10-17-2016 at 08:23 PM.. |
|
Appreciate
0
|
10-17-2016, 08:19 PM | #14 |
Banned
354
Rep 1,986
Posts |
|
Appreciate
0
|
10-17-2016, 08:39 PM | #17 |
Major
648
Rep 1,476
Posts
Drives: 2022 G01 X3 M40i (Black/Black)
Join Date: May 2005
Location: Little Rock, AR, USA
|
__________________
2022 G01 X3 M40i (Black Sapphire/Black), HK, DAP, PAP, Shadow Line
2014 F30 335i (EB) 6MT, M Sport, Premium, Tech, DHP, HK, CW, M Brakes, M Exhaust 2006 E90 330i (Silver) 6MT, Sport |
Appreciate
0
|
10-18-2016, 01:54 AM | #18 |
Banned
354
Rep 1,986
Posts |
|
Appreciate
0
|
10-18-2016, 02:06 AM | #19 |
Private First Class
8
Rep 121
Posts |
Keep the tires
If you're inclined to take the deal, you can let them replace the tires on the condition they give you the old ones. Your new tires will wear out eventually (sooner rather than later, based on my experience), at which time you can put your 40%ers back on and finish wearing them out.
__________________
2006 330i | Black Sapphire Metallic | Black Dakota Leather | 6SP MT | ZPP | ZSP | ZCW | Sirius
|
Appreciate
0
|
10-18-2016, 06:21 AM | #20 |
Major
648
Rep 1,476
Posts
Drives: 2022 G01 X3 M40i (Black/Black)
Join Date: May 2005
Location: Little Rock, AR, USA
|
I didn't realize the rate would be different until he texted me late yesterday after I'd left the dealership. Regardless, the rate is just one factor.
__________________
2022 G01 X3 M40i (Black Sapphire/Black), HK, DAP, PAP, Shadow Line
2014 F30 335i (EB) 6MT, M Sport, Premium, Tech, DHP, HK, CW, M Brakes, M Exhaust 2006 E90 330i (Silver) 6MT, Sport |
Appreciate
0
|
10-18-2016, 06:22 AM | #21 | |
Major
648
Rep 1,476
Posts
Drives: 2022 G01 X3 M40i (Black/Black)
Join Date: May 2005
Location: Little Rock, AR, USA
|
Quote:
__________________
2022 G01 X3 M40i (Black Sapphire/Black), HK, DAP, PAP, Shadow Line
2014 F30 335i (EB) 6MT, M Sport, Premium, Tech, DHP, HK, CW, M Brakes, M Exhaust 2006 E90 330i (Silver) 6MT, Sport |
|
Appreciate
0
|
10-18-2016, 11:08 AM | #22 |
Private First Class
64
Rep 155
Posts |
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|