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12-12-2013, 11:47 AM | #1 |
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How much extra do dealers usually charge for CPO?
I'm looking at buying off a lease. The dealer is offering to take the car back, certify it and sell it back to me. Can anyone shred some light on how much extra the certification process would on average add to the residual value?
A cars.com article suggests CPO would normally add between 2-8% to the used/residual price tag where premium brands would charge more. The quote I get from my dealer is about ~10%. Inputs would be appreciated! |
12-13-2013, 05:03 AM | #2 |
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I believe it should cost about $2500 or so as I learned when I was shopping for 1Ms a few months ago. Honestly you're probably better off getting a full extended warranty for about the same $$$ or a little bit more----something more comprehensive. The CPO warranty is a 2 year extension only....up to 100k miles
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12-13-2013, 05:05 PM | #3 | |
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12-13-2013, 05:38 PM | #4 | ||
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12-14-2013, 01:49 AM | #5 | |
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Good luck. |
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12-15-2013, 10:35 AM | #6 |
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It's about 2500 to certify a car and does add quite a bit to the value. I would go with a warranty through bmw though that was more inclusive, as mentioned above, and just add that into the financing. They will still go over the whole car and check it out as well, it's required.
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12-16-2013, 02:38 PM | #7 |
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It is sad because this dealer is the only one in the area that I'm sure has not over torqued my wheels so far. Some others have torqued my wheels so tight that even my big neighbor dude with proper breaker bar still can not break the bolts free.
I'll check out the different warranty options and see what they offer. |
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12-16-2013, 03:48 PM | #8 | |
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01-14-2014, 11:46 AM | #9 |
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I'm pretty sure you can negotiate. $2500 might be the msrp but I think I've read owners who were able to get it down to $2200 or so.
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01-18-2014, 10:09 PM | #10 |
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What a crazy idea
Just buy the gold plan , platinum if u have nav, they have 6yr100k or 7 yr/70k, call around to get quotes
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01-19-2014, 11:27 AM | #11 |
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All good info above. Do note however a 135 is very risky off warranty whereas a 128 is not. Off lease vehicles likely have had BMW maintenance which means only 1 oil change per year. Personally I like buying from an enthusiast who has maintained their vehicle in accordance with Mike Millers old school maintenance schedule.
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01-19-2014, 11:58 AM | #12 | |
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