Pete wrote:
> "Dana" wrote
>>> Get the CPO warranty to cover you up to 100k miles/6 years.
>
>> Unfortunately , I don't think that's available . I'm buying from a
private
>> individual .
>
> Since the car is still under the original warranty, you can just talk to
a
> local BMW dealer to have it certified as CPO. Of course it's going to
cost
> money, so you have to decide if the price is worth to have that peace of
> mind.
No you can't. CPO is only available on cars being sold by dealers.
What can be purchased is extended maintenance - which covers all the
required maintenance (NOT repairs for stuff that breaks) with the
exception of tires.
Dana - take the car to a dealer and have a Pre-Purchase-Inspection done.
This is a common thing to have done. The dealer will be able to pull up
all the service records on the car - and can tell you what needs doing
now, and what might need doing in the future. There is a charge for
this - but it's small considering what you're paying for the car.
If the current private owner refuses to allow you to do this - walk away
from the car.
> I bought a 4 year old e39 with 30k miles a while back, non CPO. In
the
> first year alone, I spent $5K on it. Granted, not all of it was
repairs.
> About half of it was maintenance which the warranty or CPO would not
have
> covered anyway. But still, if this car keeps breaking at this rate,
getting
> an extended warranty of some sort would have been cheaper.
Or not. It isn't usual for a 30k E39 to need $2,500 in actual repairs in
a year - unless it was abused or neglected.
Dana - if you're financing the car - and it's through something like a
credit-union, check with them on what extended warranty programs they
have links with. These are usually reasonable ones. If you're financing
it with a bank - they may not offer this, but the dealer you have the
PPI done at might - worth checking there also.
Aftermarket warranties are only as good as the company offering them -
so worth checking the BBB findings on the company (easily found on line
via Google.) Also - markup on extended warranties is typically 100%..
if they charge you $1,000 - it cost them $500 to place it with the
warranty company. That means there is some serious room for bargaining
since it's simply a big profit for the seller (dealer, credit-union, etc.)
> Pete
>
>
|
