09-06-2017, 06:03 PM | #111 | ||
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09-06-2017, 07:26 PM | #112 |
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It's still funny. The only profit BMW stands to make on a CPO car is the CPO fee, margin from parts to get the car ready for sale and any finance charges they can make.
BMW makes money selling and leasing NEW cars. There's more incentive for them to focus on improving that side than CPO sales. All about getting those RDR's and saying you beat Audi/MB/Lexus year over year. |
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09-06-2017, 09:58 PM | #114 |
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You guys do know that, if you want to complain about anything, copy and paste whatever you wrote here and forward it to BMWNA customer relationship is more effective correct? Well, at least that's what I've been doing.
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09-07-2017, 04:32 AM | #115 | |
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There is nothing wrong BMW enthusiasts and BMW customers stating their displeasure with an obvious cost cutting measure and loss in bargaining position on a CPO vehicle on this forum. In fact it seems quite the natural reaction and majority opinion. Would you have them be silent? |
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09-07-2017, 05:16 AM | #116 | |
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09-07-2017, 10:34 AM | #117 | |
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My thoughts exactly. I think there is some argument to be made that this is an improvement over the old Elite program, and it likely won't cost those buyers much more. But anyone used to the 3 yr old lease return CPO market will get less value for the price they pay. Maybe BMW figures this won't reduce residuals on leases any more than they have already adjusted them in the last year. Time will tell. My local dealer has now updated for the new CPO but has left prices exactly the same. Maybe they will have more wiggle room on the price now for people that know to ask, but it's now harder, as a consumer, to find the bottom price. Last edited by der_kommissar; 09-07-2017 at 10:44 AM.. |
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09-08-2017, 10:22 PM | #118 |
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It really looks like the e92 m3 will be my last bmw. Sad because that was the third consecutive bmw I bought and wanted to keep the trend going but they are not giving me any reason to. Well it's been a good run bmw.
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09-09-2017, 12:33 PM | #119 | |
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Here is the perfect scenario for the CDN dealership ... Move out a new car on lease that typically comes back after three years. Now sell the car on Owner's Choice and CPO for three more years of full coverage. Then, sometime between the third and fourth year of the term, the customer comes back to the dealership to turn it in as BMW Financial owns the paper. Cash out your equity and apply it to your next vehicle. The last thing the dealer wants to do is have you come back to the dealership and be upside down on your owners choice ... that's why the low residuals are key.
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09-09-2017, 12:43 PM | #120 |
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TTFN BMW, Hello Porsche.
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09-10-2017, 11:15 AM | #121 | ||||
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09-10-2017, 11:18 AM | #122 |
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09-12-2017, 10:17 PM | #123 |
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It's interesting and somewhat comical to see the reaction of some to this change. So BMW changes CPO from 2yr/50K to 1yr/unlimited. That's only a difference of 1 year warranty. I might be in the minority, but I find it puzzling that 1 year of warranty would be enough to make one switch from BMW to another car maker. Yes, BMW's can be expensive to repair, but if you're so worried about that, you should probably be driving a Honda or Toyota anyways. I drive a BMW 528i because I LOVE the car, not because they gave me an extra year of warranty. Actually, I bought a non-CPO for much cheaper and purchased 3rd party warranty through Route 66. Just as good of warranty and it's covered for longer than CPO would have been. And by the way, it paid for itself already. (can you say N20 timing chain?)
Not trying to offend, just trying to inject some practicality. Yes, BMW is cutting costs. As is every other car maker out there. And by the way, have you driven a 320i? I'm more upset with how BMW has cheapened the interiors of these cars. Here's my trick; I own a BMW car AND I own stock in BMW. As they cut costs to increase profits, the value of my car might go down, but the value of my stock goes up!!! It's a win win.... Relax and enjoy the ride.... |
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09-12-2017, 10:29 PM | #124 | |
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09-13-2017, 11:00 PM | #125 | |
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It's not as simple as you make it sound, there are many factors involved, and much more close competition than say 10 years ago.
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09-18-2017, 06:37 PM | #128 |
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TLDR
If a car was certified before this change does it have 2 years? Or is it from date of purchase? Looking at a car that was returned from lease in June. Thanks!! Last edited by Imola.ZHP; 09-19-2017 at 03:45 PM.. |
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09-23-2017, 01:05 PM | #130 |
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Aug 27 -I negotiated a deal on another CPO F31
Sept 9 -I went to pick up the car (out of state) When I went to finalize paperwork in person I saw the CPO expired in 2020 not 2021 as stated on the document I was emailed a week earlier. Interestingly, the original document said CPO was 'pending' but it had an expiration date of 2021. After some further negotiation I ended up getting another year of warranty for $400. $1600 is stated retail value for the additional year and they offered to split it with me. Wholesale cost is $800 so I was willing to split that. Since I was buying a unicorn I was willing to spend $400 more.
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09-27-2017, 07:47 AM | #131 |
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They dropped maintenance, that was one I could live with...
Then they quit covering several big $ items like iDrive for example... Now they're dropping coverage to only a single year outside of warranty... BMW doing everything they can to make me not want to get another one when I pull the trigger early next year...certainly not a daily driver anyway.
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09-27-2017, 04:20 PM | #132 |
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I was at my dealer last week looking at a CPO 2015 M3 with 27k miles with about one year left on the 4/50k. Rep mentioned the one year/unlimited miles on the CPO. Figuring I drive about 10k per year, I’d never get to the unlimited miles or even close by 2019. The rep made it sound so great!
Unless I buy a new BMW, most likely I’ll move on to some other brand. My 1er is starting to get weird electrical gremlins and there’s less than one year left in my CPO.
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