Picked up a CPO 2008 535i
06-22-2011, 09:46 AM
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My Ride: 2008 BMW 535i
Picked up a CPO 2008 535i this past weekend.
The 4-yr factory warranty is up in August 2011 and the CPO warranty is up in August 2013.
They said I have the option of extending my "4-yr maintenance" warranty to match the CPO warranty (6-yr).
At the time, it was $2300+tax and I declined since I don't like to make decisions on the spot without doing my research first. They said I could opt in for this extension until my 4-yr factory warranty expires.
Whats your guys' take on this? I drive ~17k miles a year... 80% highway / 20% city. Live in Chicago, if that matters.
The 4-yr factory warranty is up in August 2011 and the CPO warranty is up in August 2013.
They said I have the option of extending my "4-yr maintenance" warranty to match the CPO warranty (6-yr).
At the time, it was $2300+tax and I declined since I don't like to make decisions on the spot without doing my research first. They said I could opt in for this extension until my 4-yr factory warranty expires.
Whats your guys' take on this? I drive ~17k miles a year... 80% highway / 20% city. Live in Chicago, if that matters.
06-22-2011, 11:25 AM
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My Ride: 2004 545i, 6-speed Manual, Silver Grey Metallic, Grey Dakota Leather, Cold Weather Pkg, Premium Sound Pkg, Sport Pkg, Lumbar Support
I'd say not. You might have a couple of oil changes, a brake fluid service, a vehicle check and a brake pad replace between the 4 to 6 year point, and you can get this for a lot less than $2300, right? You can DIY your cabin microfilters, at least. Anything major will likely be covered by the CPO warranty.
06-22-2011, 11:31 AM
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My Ride: 2008 535i:
(8/07 Build) Metallic Bronze, Beige NASCA Leather, Ventilated Seats, Sport Pkg, Cold Wxr Pkg, Logic-7 Sound, HUD, Night Vision, PDC, Split Rear Seats, NAV, Premium Pkg, Comfort Access, HD Radio, Sport Auto Trans
Current mods: M-Aero Kit, JB4, Motorcepts 6000k HID Foglamps
Umnitza ICE-Lite 10w LED 6000k AE's
1992 Camaro RS:
Fully Restored w/Custom Interior, 5.0L V8, T-tops, OEM Z28 Foglamps, Inst Cluster, & Spoiler, Custom Sound, Too many engine mods to list
What he said ^^^
Unless you are completely dumb when it comes to cars or just don't care for DIY projects, I wouldn't by an extended maintenance plan.
Unless you are completely dumb when it comes to cars or just don't care for DIY projects, I wouldn't by an extended maintenance plan.
06-22-2011, 12:29 PM
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Cool, this is what I thought. The car has 38.6k miles on it.
I can handle a lot of the DIY stuff or know people that can help me out (at a discounted labor rate etc).
Thanks! I just wanted to double check.
I can handle a lot of the DIY stuff or know people that can help me out (at a discounted labor rate etc).
Thanks! I just wanted to double check.
06-23-2011, 05:09 AM
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My Ride: 2008 535i Monaco Blue 30k
Sport | Ipod | Nav | Cold Weather| Ipod | HUD | L7 |
just wondering how much did you pay for the car? im in the market for the same car and wanted to get a comparison
06-23-2011, 06:18 AM
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My Ride: 2008 BMW 535i
06-29-2011, 09:36 PM
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My Ride: 2008 550i Sport CPO Space Age Grey
I wanted the same thing on my 2008 CPO 550. I was informed to a little incentive BMW offers, you might not be aware of this. BMW has three offers for CPO cars right now.
Special Offers
For a limited time, choose between 3 exceptional offers on a Certified Pre-Owned BMW:
-Get a payment credit of up to $1,200 with your first payment in September, 2011.*
-Financing starting at 0.9% on select models.
-Have up to 6 years or 100,000 miles of BMW worry-free no-cost maintenance.
If you finance a minimum of $7500 through BMW Financial they will give you MPU (Maintenance Plan Upgrade), of 6yrs/100,000 no cost maintenance. My plan was to pay this $7500 off in one payment. The dealer asked me to make at least three payments, otherwise they get charged back $1800 on this. So they asked me to make 3-4 payments. You don't get 0.9 rate, mine was 3.74%, or about $12 / month interest on a 36 month loan. So MPU will end up costing me $36. Much better than $2295
Special Offers
For a limited time, choose between 3 exceptional offers on a Certified Pre-Owned BMW:
-Get a payment credit of up to $1,200 with your first payment in September, 2011.*
-Financing starting at 0.9% on select models.
-Have up to 6 years or 100,000 miles of BMW worry-free no-cost maintenance.
If you finance a minimum of $7500 through BMW Financial they will give you MPU (Maintenance Plan Upgrade), of 6yrs/100,000 no cost maintenance. My plan was to pay this $7500 off in one payment. The dealer asked me to make at least three payments, otherwise they get charged back $1800 on this. So they asked me to make 3-4 payments. You don't get 0.9 rate, mine was 3.74%, or about $12 / month interest on a 36 month loan. So MPU will end up costing me $36. Much better than $2295