[WWONG]

Anyone else think it's sort of... "unfair", per se, that people who pay a lower price for a used car get better warranty than people who pay full price, which can be 2x-5x? I know CPO warranty is more limited, but it's better than no warranty after 4 yrs/50k....

[tldoxmf87]

You can always get your new bmw cpo'd..

[742]

No.

Bought new, now at 78k with no warranty. Extended warranties are not free (though the price is often hidden), and they include a profit margin that I don't want to pay.

[VTECaddict]

How is it unfair? It's not like the 4yr/50k warranty resets with a CPO. The CPO most likely already has 10's of thousands of miles on it, so the 4/50 warranty has been partially "used up" already. Plus it has depreciated in value for a few years, and will exhibit wear and tear on both the interior and exterior. It's also highly likely it's been in a minor accident or two before. Used cars cost less for a reason?

You can always extend your warranty if you want for about $2k.

[lemon328]

He's keeping his car for 20 years. He's going to need a warranty.

[blue2fire]

Comparing a new car with a used one = Genius

[gun6slinger9]

Why buy a new house when there is a renovated 20 year old one for cheaper?

[PoorMan]

Originally Posted by gun6slinger9

Why buy a new house when there is a renovated 20 year old one for cheaper?

Why buy new? Dude..Some people don't want a 20 y/o renovated (refurbed pos) home...

[MrDummy]

I got a cpo and from experience the oem warranty was much better while i had it.

[gos]

Originally Posted by lemon328

He's keeping his car for 20 years. He's going to need a warranty.

This is the myth of insurance.

Every insurance company is out there to make a profit. If you are willing to play the odds, and have enough money to cover it, you're better off self-insuring by setting aside whatever the typical warranty policy cost would be each month into a side account and letting it accrue interest. Then pay your repair bills from this account when stuff happens. More often than not, you'll come out ahead in the long run doing this.

[kgb1637]

A CPO warranty, though longer 6yr/100k compared to 4yr/50k, is not necessarily better. What do you think is better about the CPO warranty?

[E90SLAM]

Does extended warranty includes diagnostics???
Some extended warranty only cover parts that need to be replaced and the labor cost to fix it, but not the diagnostic to find out what went wrong.

[742]

Originally Posted by gos

This is the myth of insurance.

Every insurance company is out there to make a profit. If you are willing to play the odds, and have enough money to cover it, you're better off self-insuring by setting aside whatever the typical warranty policy cost would be each month into a side account and letting it accrue interest. Then pay your repair bills from this account when stuff happens. More often than not, you'll come out ahead in the long run doing this.

+1. Insurance is for catastrophes, not bumps in the road of life.

Someone needs to be driving something else if he has such limited savings that a mechanical failure in a BMW is a disaster.

[DenverJayhawk]

why is it unfair? No one forced you into a new car. Also, the CPO agreement is an additional incentive to purchase a used car from a BMW dealer, which is one of the financially smartest things a person can do. Most luxury auto makers have similar programs.

[Rando]

Uh, that logic doesn't apply to BMW car warranties... the cost of repair is sooo high that you really have to have some kind of warranty. Because even if your car has depreciated to be worth $10,000, a new engine is still like $12,000.

In my last BMW, I got the extended warranty and then the next week my rear differential busted. Cost to fix: about $2,000. So the extended warranty paid for itself in one week.

Similarly, if you have a problem with a turbo, or a steering problem, etc... it's big $$$ no matter where you get it done...

[DenverJayhawk]

This logic applies to any used vs new car purchase, be it BMW or not. I agree that BMW repairs tend to be a little more expensive, but that's the price you pay for driving an imported luxury vehicle. The same applies to any European car.

For every case of a major repair covered by CPO, there's 100 cases of the CPO agreement not being used at all during its lifetime. You just don't hear about those cases because no one posts threads on the internet about how their car is working perfectly fine.

[Rando]

DenverJayhawk: I disagree... I think over 50,000 miles, just about ANY BMW will have something like $2,000 in repairs. Even more so for a car with turbos and fancy electricals like nav.

And especially if it's the SECOND set of 50,000 miles (50K - 100K).

Anyway, to each their own.

[John 070]

First of all, let's get it straight, any type of protection plan is not in one's favor. It plays upon man's desire to avert risk, plain and simple.

How many years have you paid homeowners without a claim? Auto? Does it ever go down, or does the man jack the rates every year?

With virtually any product under the sun, an extended warranty is wasted $$$.

However, my personal experience having owned my first BMW, albeit a 335/N54, says that this is one unreliable piece of machinery. One that could generate a repair bill that I cannot pay (are you kidding? 10 grand for turbos and injectors and coils).

Nobody has a gun to my head saying you must pay $3490 to extend your warranty to 7/100, and you must do it by 45 mos. or 45k. Those are the rules. When BMW gets their act together, they will move the N54 from class B to class F and the rate will be even higher for coverage. So it behooves me to join-up before that happens. I'm not gonna play Russian roulette with my turbos and injectors and everything else that breaks on these cars. I'm going to drive like a madman for the next 3 1/2 years, rack up the miles, and buy a Toyota in the meantime.

[MrDummy]

Originally Posted by DenverJayhawk

This logic applies to any used vs new car purchase, be it BMW or not. I agree that BMW repairs tend to be a little more expensive, but that's the price you pay for driving an imported luxury vehicle. The same applies to any European car.

For every case of a major repair covered by CPO, there's 100 cases of the CPO agreement not being used at all during its lifetime. You just don't hear about those cases because no one posts threads on the internet about how their car is working perfectly fine.

that is well said my man, also your statement b4 on this thread was accurate as well.

I have used my CPO once so far, blower motor, and YES there is a $50 per visit deductable. But if I had NO warranty the motor alone would of been 3-4x that amount. If I installed it too.

In My Experience BMWs are awesome cars, and knew parts/service would be more than say a GM vehicle. BUT what pisses me off is they want to rape you but then the Tech who does the work gets paid flat rate, so they rush and end up doing half assed work. At least in all of my experiences with 2 different dealers I had the same results.

But I guess bottom line is as long as you have SOME kind of warranty on your Bimmer you should be ok, its better to be safe then sorry.

PS also by getting a used CPO from dealer I got lower interest rate from BMW financial. 3.9% for 5 years to be specific w/$1 G down.

[Kruz]

Whoa. Where can I read about this 45 mos/ 45k mile deadline to CPO?

[HPIA4v2]

Originally Posted by WWONG

Anyone else think it's sort of... "unfair", per se, that people who pay a lower price for a used car get better warranty than people who pay full price, which can be 2x-5x? I know CPO warranty is more limited, but it's better than no warranty after 4 yrs/50k....

everything sort of unfair (specific cae by specific case).
If you hear someone buy a CPO and never have problem, buying a new car is for sucker.
But another story about main seal leaks in engine and transmission won't go in reverse, then CPO denied due to per-existing condition, buying a used car looks like game for idiots.

At the end how much you value a good night sleep.

[deanmc]

It's not unfair because CPO owners pay about $1500-$2000 more for their used BMW than if they were to purchase from a private seller.