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      01-13-2013, 04:49 PM   #1
cdeslandes
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Certification - worth it?

My 3 year lease expires soon. I plan on buying the car.

I can buy it for $30k, let the 4 year warranty run its course and trade in the car sometimes in its 5th year.

Alternatively I've been offered to have the car certified and buy it for $34k. For the extra $4,000 they'll recondition the car as a CPO and I'll get the 6 year CPO warranty.

Has anyone else done this? Feel it's worth it? Will the car being a CPO have a better trade-in value later?
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      01-13-2013, 07:09 PM   #2
HerrK
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Quote:
Originally Posted by cdeslandes View Post
My 3 year lease expires soon. I plan on buying the car.

I can buy it for $30k, let the 4 year warranty run its course and trade in the car sometimes in its 5th year.

Alternatively I've been offered to have the car certified and buy it for $34k. For the extra $4,000 they'll recondition the car as a CPO and I'll get the 6 year CPO warranty.

Has anyone else done this? Feel it's worth it? Will the car being a CPO have a better trade-in value later?

I think buying up on BMW extended vehicle protection plan (warranty) is probably cheaper than the CPO route. You can choose different levels of coverage and time/milage spans. You can buy the "Plainum" 7yr/100K miles for less than $4k any time before the end of your 4yr/50K mile warranty. I doubt that BMW does much to recondition your car prior to issuing it a CPO Cert. A thorough inspection is probably about it.

I have no experience with owning a car and getting it CPO'd. My wife bought a CPO E46. It was an OK deal. The BMW "Extended" Plan can be transferred to a new owner. I don't think you can do that with a CPO Cert - not 100% sure on that.


http://content.bmwusa.com/microsite/...P_brochure.pdf
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      01-14-2013, 08:52 AM   #3
Jay01
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$4k seems very high unless that price is including stuff they need to do to meet certification standards such as tires or brakes. My dealer had quoted me $2500 to CPO a car.
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      01-14-2013, 09:26 PM   #4
morfinx
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I agree on the extended vehicle protection plan. It covers the same stuff as the CPO warranty, but there is more flexibility as to coverage and length of time.

Btw, $30K is a VERY good price for the buyout.
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