BMW preowned???

[Deleted member 4644]

I got a Volvo S80 certified preowned in 2003, and it was a disaster. I had about $8000-10000 worth of repairs done on it, thank god all but $1800 or so under warranty.

I am now considering a Black BMW 335i with about 8000 miles on it CPO. It would have about 4.5 years of warranty left on it.

How do you all feel about this as an option for me?

I am also looking at the G35/G37 and the IS350.

 

[Aimster]

8000 miles & CPO? Get it

4.5 years is a lot

 

[rh71]

How long do you intend to keep your cars?

 

[DivideBYZero]

Do it.

 

[Don Vito Corleone]

The CPO Bimmers are a great deal IMO - actually I am picking mine up today. In terms of the warranty, though, be aware that the CPO warranty is more limited than the original factory warranty, and doesn't include free maintenance after the factory warranty expires.

 

[amdhunter]

Whats CPO? Customer Protection Something???

 

[programmer]

Certified Pre-Owned, me thinks.

 

[amdhunter]

Originally posted by: programmer
Certified Pre-Owned, me thinks.

Oh lol. D'oh

 

[KDKPSJ]

CPO Bimmer is just awesome. (Happy owner here) 4 year free maintenance (I assume you have about 2.5 years left) is really good deal to have, as well as original warranty for the same period. Extra 2 years of CPO warranty is morelikely powertrain warranty, but that's still on par with the other luxury cars anyway.

In addition, reliability of 3-series has been pretty solid for years, so you shouldn't see any big $$ walk out from your pocket.

 

[theeedude]

It's pointless, IMO, because used BMWs don't depreciate much. Just get a new one, you'll get most of the difference back in resale.
Also, if you are dropping ~$35K+ on a car, don't you want it to be a new car, not someone else's hand me downs? There are fast depreciating cars that I wouldn't mind buying lightly used, but BMWs are not those cars.
So I would go with a new G37 or if you want the BMW, splurge on a new one.

 

[KDKPSJ]

Originally posted by: senseamp
It's pointless, IMO, because used BMWs don't depreciate much. Just get a new one, you'll get most of the difference back in resale.
Also, if you are dropping ~$35K+ on a car, don't you want it to be a new car, not someone else's hand me downs? There are fast depreciating cars that I wouldn't mind buying lightly used, but BMWs are not those cars.
So I would go with a new G37 or if you want the BMW, splurge on a new one.

Doesn't have to be true. BMW depreciates a lot in year 1 & 2, which makes 1~2 year old CPO a fine deal.

For instance, I could buy 11 months old 06 325i with 7k miles for about 11k below invoice (8k below MSRP) for new one with same option. MSRP for new one was about 36k, so it was about 73% of new one price. I'd say it's not bad at all for less than a year old Certified BMW with less than 10k miles.

PS: Actually, I did a bit more research at edmunds, and found out the MSRP is 41k (!) not 36k. lol. So I bought 12.5k below MSRP, which is 69% of new one price.

 

[theeedude]

Originally posted by: everydae

Originally posted by: senseamp
It's pointless, IMO, because used BMWs don't depreciate much. Just get a new one, you'll get most of the difference back in resale.
Also, if you are dropping ~$35K+ on a car, don't you want it to be a new car, not someone else's hand me downs? There are fast depreciating cars that I wouldn't mind buying lightly used, but BMWs are not those cars.
So I would go with a new G37 or if you want the BMW, splurge on a new one.

Doesn't have to be true. BMW depreciates a lot in year 1 & 2, which makes 1~2 year old CPO a fine deal.

For instance, I could buy 11 months old 06 325i with 7k miles for about 11k below invoice (8k below MSRP) for new one with same option. MSRP for new one was about 36k, so it was about 73% of new one price. I'd say it's not bad at all for less than a year old Certified BMW with less than 10k miles.

That's not the general case in Los Angeles, and other places in CA.
http://www.autotrader.com/fyc/...&keywordsfyc=&systime=
As you can see, these BMWs with 10K-20K miles are selling damn near what a new one goes for. Of course if you get a specific deal where you are saving 8K over a new car, then it is worth considering. But CPO market as it is now is not very appealing to me compared to buying new.

 

[rh71]

Originally posted by: Don Vito Corleone
...and doesn't include free maintenance after the factory warranty expires.

new bimmers are 4-year warranty, 4-year free maintenance too... nothing different there. Surprising CPO retains that so it's a great deal.

 

[halik]

Originally posted by: Deleted member 4644
I got a Volvo S80 certified preowned in 2003, and it was a disaster. I had about $8000-10000 worth of repairs done on it, thank god all but $1800 or so under warranty.

I am now considering a Black BMW 335i with about 8000 miles on it CPO. It would have about 4.5 years of warranty left on it.

How do you all feel about this as an option for me?

I am also looking at the G35/G37 and the IS350.

What the hell was wrong with the volvo? $10K worth of repairs?

 

[KDKPSJ]

Originally posted by: senseamp

Originally posted by: everydae

Originally posted by: senseamp
It's pointless, IMO, because used BMWs don't depreciate much. Just get a new one, you'll get most of the difference back in resale.
Also, if you are dropping ~$35K+ on a car, don't you want it to be a new car, not someone else's hand me downs? There are fast depreciating cars that I wouldn't mind buying lightly used, but BMWs are not those cars.
So I would go with a new G37 or if you want the BMW, splurge on a new one.

Doesn't have to be true. BMW depreciates a lot in year 1 & 2, which makes 1~2 year old CPO a fine deal.

For instance, I could buy 11 months old 06 325i with 7k miles for about 11k below invoice (8k below MSRP) for new one with same option. MSRP for new one was about 36k, so it was about 73% of new one price. I'd say it's not bad at all for less than a year old Certified BMW with less than 10k miles.

That's not the general case in Los Angeles, and other places in CA.
http://www.autotrader.com/fyc/...&keywordsfyc=&systime=
As you can see, these BMWs with 10K-20K miles are selling damn near what a new one goes for. Of course if you get a specific deal where you are saving 8K over a new car, then it is worth considering. But CPO market as it is now is not very appealing to me compared to buying new.

Well, I agree that there's regional difference as well as dealership difference. What I am saying is, it maybe hard, but it's not impossible. That's why I said "Doesn't have to be true" in first place.

Also for CPO search, I'd suggest you to play around at BMW website. It's most up-to-date (even more updated than dealer's own website) for CPO database.

By quick search at BMW website, I already found few 07 335i (One example here) with less than 8k miles for less than $ 40k --- which is already $ 7k below MSRP. Considering you can lower 3~4 grand (even $5k if you know how to handle) easily on this high price vehicle, you will be $ 10k below MSRP bullpark (80% of new one cost).

 

[theeedude]

Originally posted by: everydae

Originally posted by: senseamp

Originally posted by: everydae

Originally posted by: senseamp
It's pointless, IMO, because used BMWs don't depreciate much. Just get a new one, you'll get most of the difference back in resale.
Also, if you are dropping ~$35K+ on a car, don't you want it to be a new car, not someone else's hand me downs? There are fast depreciating cars that I wouldn't mind buying lightly used, but BMWs are not those cars.
So I would go with a new G37 or if you want the BMW, splurge on a new one.

Doesn't have to be true. BMW depreciates a lot in year 1 & 2, which makes 1~2 year old CPO a fine deal.

For instance, I could buy 11 months old 06 325i with 7k miles for about 11k below invoice (8k below MSRP) for new one with same option. MSRP for new one was about 36k, so it was about 73% of new one price. I'd say it's not bad at all for less than a year old Certified BMW with less than 10k miles.

That's not the general case in Los Angeles, and other places in CA.
http://www.autotrader.com/fyc/...&keywordsfyc=&systime=
As you can see, these BMWs with 10K-20K miles are selling damn near what a new one goes for. Of course if you get a specific deal where you are saving 8K over a new car, then it is worth considering. But CPO market as it is now is not very appealing to me compared to buying new.

Well, I agree that there's regional difference as well as dealership difference. What I am saying is, it maybe hard, but it's not impossible. That's why I said "Doesn't have to be true" in first place.

Also for CPO search, I'd suggest you to play around at BMW website. It's most up-to-date (even more updated than dealer's own website) for CPO database.

By quick search at BMW website, I already found few 07 335i (One example here) with less than 8k miles for less than $ 40k --- which is already $ 7k below MSRP. Considering you can lower 3~4 grand (even $5k if you know how to handle) easily on this high price vehicle, you will be $ 10k below MSRP bullpark (80% of new one cost).

New ones configured that way are selling about 2K below MSRP too, so basically you'll be saving 5K, a lot of which you'd get back in resale by having a 2008 model with 8K fewer miles over a 2007 one. I'd rather have a new car at that price.

 

[KDKPSJ]

Originally posted by: senseamp
New ones configured that way are selling about 2K below MSRP too, so basically you'll be saving 5K, a lot of which you'd get back in resale by having a 2008 model with 8K fewer miles over a 2007 one. I'd rather have a new car at that price.

Well, if that logic works for you, good for you. I'd rather go for CPO for 8k (not 5k since you can deal with CPO price as I said) saving, $ 600 tax saving, lower insurance, which is close to $ 9~10k saving. But if you think slight resale value increase from 8k fewer miles and 2008 model year is worth $ 9~10k saving, sure. It's fine logic, just not reasonable to me. Everyone's opinion can be different.

 

[theeedude]

The point is it depends on the specific deal, which is why LordSegan needs to provide more info on the deal in question.
Also, once you start bringing in used 335i's, then you also need to take a look at used 2007 G35 (new model) Sedans, which are an even better deal at closer to $30K.

 

[SoulAssassin]

Originally posted by: Don Vito Corleone
The CPO Bimmers are a great deal IMO - actually I am picking mine up today. In terms of the warranty, though, be aware that the CPO warranty is more limited than the original factory warranty, and doesn't include free maintenance after the factory warranty expires.

You can pay extra for the extended "free" maintenance if you want. Probably doesn't work out much better than pre-paying for the maintenance with a slight discount but it is possible.

 

[geokilla]

Originally posted by: Deleted member 4644
I got a Volvo S80 certified preowned in 2003, and it was a disaster. I had about $8000-10000 worth of repairs done on it, thank god all but $1800 or so under warranty.

I am now considering a Black BMW 335i with about 8000 miles on it CPO. It would have about 4.5 years of warranty left on it.

How do you all feel about this as an option for me?

I am also looking at the G35/G37 and the IS350.

Did the previous owner abuse your S80 or something? We have a 2000 S70 SE with over 190 000km on the odo and we've never had any repairs. We did all the major maintenance and skipped the minor ones. Even if we did have to do repair, it probably tops out at around $2000 tops.

How much is the 335i? Like what the others said, maintenance is free in the first 4 years so that is a plus.

If you think it's worth it, then go with the 335i. If the price between the CPO 335i and a new G35 is similar, I would go with the G35.

 

[bruceb]

It could be an excellent deal, depending on how much you would save
on the cost, as compared to buying the current year / same model
brand new. As to reliability BMW is very good. However, when it does
come time for work to be done, dealership repairs are very costly. I
know of customers who paid upwards of $800 for a brake job. But I
think that also included new rotors and was all 4 wheels.