question about CPO

[SCEye]

There are several M5's listed in Socal and Norcal. Some are offered by BMW dealers and are CPO'd. They are higher in price (logically).
How much more should a CPO'd car be? $3000 more than a non-CPO'd car? 4000?
Trying to get an apple-apple comparison.
also, if need specifics, I can copy-paste links to dealership but no other thread have links so I am not sure if this was a no-no.
Thanks in advance.

[94jedi]

Think about this - what's the cost of an aftermarket warranty? Typically 3-5k (maybe more) depending on the type. I'd say $3k plus is my expectation for CPO car.

[SCEye]

thanks.

[NotSooFast]

When you are comparing CPO vs. non-CPO it is critical to take into note the in-service of the car as well. E.g. a 2014 CPO'd car with an in-service date of Nov 2013 will give you only 6 more months over a non-CPO 2014 with a in-service date of May 2014.

Also, you may be aware but only BMW dealerships can CPO a car and many dealerships have (in the recent past) shy'd away from CPO'ing 'M' cars due to the high cost. They end up passing the $$ to the next buyer.

If I was you, I will look at:
1. Does the car have all the options I need (not want)?
2. Does the car have the service records, if sold as non-CPO?
3. Does the dealer offer any specific warranty (albeit for few more months from a third-party) to give you the peace of mind once you drive it off the lot and get to know the car?

GL!

[SCEye]

wow.. thanks for the info. Will ask.