[TheRealEssad]

I am looking at a 2015 328i xDrive. It is being sold by a well known BMW dealer as CPO Elite. It only has a little over 10k miles on it, which seems low given the model year but okay. It's very well loaded, and has all the features I'm looking for (Premium, Nav, Cold Weather, Driver Assistance)

The thing is the listing says it was recently dropped in price from $40,995 to $34,045. Seems like a pretty huge price drop. I guess they are very motivated to move it but it just seems odd that they'd drop it by basically $7k rather than reduce it more slowly.

Should this be a red flag? I assume it wouldn't be CPO Elite if there were really something wrong with it. I'm in the process of asking for the Carfax and any service records. Is there a chance of a lemon if it's CPO?

[BMWtight2me]

Seems normal. One thing to look out for -- sometimes the used cars get bad rock chips on the front end.

[TheRealEssad]

Good point, I'll make a note to check for that.

[TheRealEssad]

Got the car fax and service record and it's all clean.

Just confirmed with him that it was a service loaner in the dealership. That explains the low miles. Should those be avoided or do people not kill the loaner cars as bad as rental cars?

[BEM-S4]

Originally Posted by TheRealEssad

Got the car fax and service record and it's all clean.

Just confirmed with him that it was a service loaner in the dealership. That explains the low miles. Should those be avoided or do people not kill the loaner cars as bad as rental cars?

You're better off with an exec demo but a loaner isn't horrible.

[NitroLX]

Originally Posted by TheRealEssad

Got the car fax and service record and it's all clean.

Just confirmed with him that it was a service loaner in the dealership. That explains the low miles. Should those be avoided or do people not kill the loaner cars as bad as rental cars?

i got my car and it was a loaner.. 5k miles on it.. no issues at all so far.. then again only had it for a month.. personally i think a loaner is not a bad choice seeing as the price is alot cheaper...

[TheRealEssad]

Thanks guys. I'll give it a test drive and we'll see what happens. I think for the price it's a good deal so I'll give it a shot.

[tex2670]

Originally Posted by TheRealEssad

I am looking at a 2015 328i xDrive. It is being sold by a well known BMW dealer as CPO Elite. It only has a little over 10k miles on it, which seems low given the model year but okay. It's very well loaded, and has all the features I'm looking for (Premium, Nav, Cold Weather, Driver Assistance)

The thing is the listing says it was recently dropped in price from $40,995 to $34,045. Seems like a pretty huge price drop. I guess they are very motivated to move it but it just seems odd that they'd drop it by basically $7k rather than reduce it more slowly.

Should this be a red flag? I assume it wouldn't be CPO Elite if there were really something wrong with it. I'm in the process of asking for the Carfax and any service records. Is there a chance of a lemon if it's CPO?

It's now 2MY old at this point, and at $41K, some leg work would get you a '16 MY CPO Elite for not much more $$. I just see it as a way to get the car off their lot before year end. I would not be worried that there is something inherently wrong with the car.

You may want them to take off the "Elite" status, because CPO Elite is 5/75, rather than CPO which is 6/100. So, at this point, the warranty is really 3/65 since it's got 2 years and 10,000 miles. Also keep in mind that the "free" maintenance doesn't extend into the CPO period, so there's 2/40 left on that, FWIW.

Originally Posted by TheRealEssad

Got the car fax and service record and it's all clean.

Just confirmed with him that it was a service loaner in the dealership. That explains the low miles. Should those be avoided or do people not kill the loaner cars as bad as rental cars?

People will say that customers beat on loaners, but I just don't believe this happens, other than a few outliers. I believe most people drive loaners the same, or better, than they drive their own cars. There's no real data either way, but, again, if there was something wrong with the car, it shouldn't qualify for CPO status. I have a former loaner CPO Elite--I've had it for 2 years, and it's been as good as a new car. I'd jump on that deal if you like the car.

[1N54E92]

Originally Posted by TheRealEssad

I am looking at a 2015 328i xDrive. It is being sold by a well known BMW dealer as CPO Elite. It only has a little over 10k miles on it, which seems low given the model year but okay. It's very well loaded, and has all the features I'm looking for (Premium, Nav, Cold Weather, Driver Assistance)

The thing is the listing says it was recently dropped in price from $40,995 to $34,045. Seems like a pretty huge price drop. I guess they are very motivated to move it but it just seems odd that they'd drop it by basically $7k rather than reduce it more slowly.

Should this be a red flag? I assume it wouldn't be CPO Elite if there were really something wrong with it. I'm in the process of asking for the Carfax and any service records. Is there a chance of a lemon if it's CPO?

If it is a CPO,I wouldn't worry too much. Go see it in person look over it and if you are happy with the car. Offer them $30,000

[TheRealEssad]

Thanks again for everyone's insight. Deposit has been placed, so unless there are any hiccups I'll be a part of the club in just a couple days. Very excited.

[snowghost]

Bring the Lysol wipes.

[ouengineer]

Originally Posted by TheRealEssad

Thanks again for everyone's insight. Deposit has been placed, so unless there are any hiccups I'll be a part of the club in just a couple days. Very excited.

Congrats! That advertised price drop is just a marketing tactic to try to sell the car quicker. I'm sure they brought it up several times during negotiating...

[F30Julian]

Hi don't mean to thread jack.. I am unable to start a new thread since I am a new member?

I need some expertise on what you all think is the most reasonable offer for the following 328i. Dealer will not go under $25,000. I offered 24,500 and it was turned down. Thoughts? Thanks in advance.

http://www.bmwtoronto.ca/certified/B...7f302a49d7.htm

[TheRealEssad]

Originally Posted by snowghost

Bring the Lysol wipes.

Haha! Believe me, I had the same thought. They are detailing the car as we speak, but I'm still thinking of a quick wipe of the wheel to be safe haha.

[TheRealEssad]

Originally Posted by ouengineer

Congrats! That advertised price drop is just a marketing tactic to try to sell the car quicker. I'm sure they brought it up several times during negotiating...

Oh, don't you know it. They wouldn't budge even an INCH. Plus they said the price reflects the fact that it has the remainder of the worry free warranty and the CPO Elite warranty on top of that. So I'm covered until 2020, and they were sure to bring that up.

[TheRealEssad]

Originally Posted by F30Julian

Hi don't mean to thread jack.. I am unable to start a new thread since I am a new member?

I need some expertise on what you all think is the most reasonable offer for the following 328i. Dealer will not go under $25,000. I offered 24,500 and it was turned down. Thoughts? Thanks in advance.

http://www.bmwtoronto.ca/certified/B...7f302a49d7.htm

That link doesn't work.

[Torque of the Devil]

Originally Posted by NitroLX

i got my car and it was a loaner.. 5k miles on it.. no issues at all so far.. then again only had it for a month.. personally i think a loaner is not a bad choice seeing as the price is alot cheaper...

If you saw the way I drive BMW loan cars you wouldn't be saying that

[NitroLX]

Originally Posted by Vanguard

If you saw the way I drive BMW loan cars you wouldn't be saying that

haha this is true, but whats the god honest worst that you could possibly do? Anything is broken they will fix. Anything breaks under my care its still covered under warranty. =P thats how i see it.

[nozydog]

I've never particularly thrashed my loaners (well apart from that Cayman S ) and as long as it has a good warranty you should be fine. Plenty of BMW's round here are getting discounted, there are a lot to choose from and with Christmas coming not many people are looking to buy a new car right now so that's probably the main reason for the discount!!

[steve@codemybimmer]

Sometimes dealers just want to move cars. When I traded in my F23 for the LCI F30, I saw it listed for no markup on top of what they paid out to me on the trade.

[TheRealEssad]

Originally Posted by nozydog

I've never particularly thrashed my loaners (well apart from that Cayman S ) and as long as it has a good warranty you should be fine. Plenty of BMW's round here are getting discounted, there are a lot to choose from and with Christmas coming not many people are looking to buy a new car right now so that's probably the main reason for the discount!!

That's what I figured. They'll be getting more 2016's in as the 2017's get out there more, and they just want to move it out.

I drove it and it seemed fine. Idle was rock solid, it didn't have any bad signs of wear.