[tturedraider]

http://cpo.bmwusa.com/warranty, effective September 1st 2017. Sucks, but they're following Mercedes Benz's lead. Audi's CPO still has up to two years/50k miles, but I wonder how long it will be before they follow suit.

[Mr. Tasty]

Originally Posted by tturedraider

http://cpo.bmwusa.com/warranty, effective September 1st 2017. Sucks, but they're following Mercedes Benz's lead. Audi's CPO still has up to two years/50k miles, but I wonder how long it will be before they follow suit.

glad I got 3 years/100k miles

[bavarianride]

Originally Posted by tturedraider

http://cpo.bmwusa.com/warranty, effective September 1st 2017. Sucks, but they're following Mercedes Benz's lead. Audi's CPO still has up to two years/50k miles, but I wonder how long it will be before they follow suit.

BMWNA is reducing lease and CPO goodies, does it mean they will drop MSRP/invoice too?

[otay]

:
Slowly, but surely, they are making it less and less attractive to go with BMW. Was it really that costly for the additional year?

Just bought mine off lease last month with 2 year CPO, guess I was one of the last.

[RoundelM3]

Actually had my trusted SA (bought 3 cars from him over 16 years) say that the better deal is to buy non-CPO (reduces cost of the car) and then purchase "Gold" warranty from BMW, which covers more items and works out as a break-even.

[Polo08816]

Just buy new. CPO isn't a huge savings anyways.

[mfstrby]

Why??? Do they have statistics indicating that CPO cars claimed warranty during second year?

Originally Posted by Polo08816

Just buy new. CPO isn't a huge savings anyways.

if you don't count the money lost to depreciation, like %30-40.

[AudiA4]

Originally Posted by Mr. Tasty

glad I got 3 years/100k miles

I assume you mean TWO years and 100,000 miles?

[Polo08816]

Originally Posted by colonel_bagshot

Why??? Do they have statistics indicating that CPO cars claimed warranty during second year?



if you don't count the money lost to depreciation, like %30-40.

If a dealer would sell an actual 2-3 year old CPO at a 30-40% discount of market price (which is not MSRP) of a brand new car, I'd consider. But I've never seen this type of savings for the buyer.

[Mr. Tasty]

Originally Posted by AudiA4

I assume you mean TWO years and 100,000 miles?

nope, my 2014 is covered until 2020/100k. The cpo added an additional 3 years

[bavarianride]

Originally Posted by Mr. Tasty

nope, my 2014 is covered until 2020/100k. The cpo added an additional 3 years

The new car warranty should be 4-yr/50k-mile, so the CPO adds extra 2-yr/50k-mile on top and stretches total coverage to 6-yr/100k total.

In other words when your 2014 was bought in, say, 2017, it still had one year of new car warranty left.

[Mr. Tasty]

Originally Posted by bavarianride

The new car warranty should be 4-yr/50k-mile, so the CPO adds extra 2-yr/50k-mile on top and stretches total coverage to 6-yr/100k total.

In other words when your 2014 was bought in, say, 2017, it still had one year of new car warranty left.

I thought the new car warranty was 3 years/50kmiles. I could be wrong

[madmonkey]

Originally Posted by Mr. Tasty

I thought the new car warranty was 3 years/50kmiles. I could be wrong

New car warranty is 4yrs / 50k miles or here in Canada 4yrs / 80k km. The extended CPO warranty adds 2 yrs to your factory warranty. So depending on your in service date, you could get some pretty good coverage. This is why in service date is an important piece of information to have when negotiating on your CPO.

That said, I believe that the CPO has changed to 1yr included, with a reduction in the pricing of CPO cars. I was told that you can opt for a second year of coverage, but at an extra fee, of course. The reasoning for this, I was told, is to bring the prices of CPO cars down and make them competitive with non CPO cars being sold by used car dealers that buy them at auction. However...big grain of salt on that info.

[Mr. Tasty]

Originally Posted by madmonkey

New car warranty is 4yrs / 50k miles or here in Canada 4yrs / 80k km. The extended CPO warranty adds 2 yrs to your factory warranty. So depending on your in service date, you could get some pretty good coverage. This is why in service date is an important piece of information to have when negotiating on your CPO.

That said, I believe that the CPO has changed to 1yr included, with a reduction in the pricing of CPO cars. I was told that you can opt for a second year of coverage, but at an extra fee, of course. The reasoning for this, I was told, is to bring the prices of CPO cars down and make them competitive with non CPO cars being sold by used car dealers that buy them at auction. However...big grain of salt on that info.

got it, so regardless I have coverage until 2020/100kmiles. I am running off the cars warranty until 2018, and my extended CPO coverage goes until 2020

[tex2670]

Originally Posted by Mr. Tasty

I thought the new car warranty was 3 years/50kmiles. I could be wrong

No--4/50K.

[XxThe_RemedyXx]

I bought my CPO 335i on August 31st, got the 2 year extended thanks to my SA. Really happy I pulled the trigger when I did.

[White340]

Originally Posted by bavarianride

BMWNA is reducing lease and CPO goodies, does it mean they will drop MSRP/invoice too?

Probably raise it, though don't expect things like Apple CarPlay to be standard. They'll probably raise the price of that option, too!

[2000Z3M]

so you can have the 4/50 +1 year unlimited? so really a 5 year unlimited if you find a very low and new CPO? sounds like a win for some. Just drive a shit ton

[misterjim]

Originally Posted by madmonkey

New car warranty is 4yrs / 50k miles or here in Canada 4yrs / 80k km. The extended CPO warranty adds 2 yrs to your factory warranty. So depending on your in service date, you could get some pretty good coverage. This is why in service date is an important piece of information to have when negotiating on your CPO.

That said, I believe that the CPO has changed to 1yr included, with a reduction in the pricing of CPO cars. I was told that you can opt for a second year of coverage, but at an extra fee, of course. The reasoning for this, I was told, is to bring the prices of CPO cars down and make them competitive with non CPO cars being sold by used car dealers that buy them at auction. However...big grain of salt on that info.

I'm not sure I buy the argument that it is to reduce prices. I've been tracking a few CPO cars from different dealers and the asking price has not changed at all even though they reduced the date in the description text. Maybe they would be more willing to negotiate - I don't know. In any case, this move by BMW is ultimately to increase margin.

[otay]

Originally Posted by 2000Z3M

so you can have the 4/50 +1 year unlimited? so really a 5 year unlimited if you find a very low and new CPO? sounds like a win for some. Just drive a shit ton

CPO is not unlimited. What's NOT covered is here: http://cpo.bmwusa.com/Content/docs/B...NotCovered.pdf
Even though this appears to be an older document, my SA recently verified it's still current.

Originally Posted by misterjim

I'm not sure I buy the argument that it is to reduce prices. I've been tracking a few CPO cars from different dealers and the asking price has not changed at all even though they reduced the date in the description text. Maybe they would be more willing to negotiate - I don't know. In any case, this move by BMW is ultimately to increase margin.

Exactly. It's a trend with BMW these days, making it pretty tough to be a loyal bimmer fan.

[wilbur_the_goose]

Of course BMW is trying to increase margins and profits. They're a for-profit entity.

But that doesn't mean I'm going to remain loyal to a greedy, money-sucking entity.

[misterjim]

Originally Posted by wilbur_the_goose

Of course BMW is trying to increase margins and profits. They're a for-profit entity.

But that doesn't mean I'm going to remain loyal to a greedy, money-sucking entity.

Yup, that's how capitalism works! Someone at BMW made the calculation to show that any reduction in CPO sales due to this move will be more than offset by extra year warranty sales or by not having to pay for second year repairs. Either that or the potential reduction in selling price more than offsets any turn off from the reduced warranty and sales will be largely the same.