05-23-2021, 11:32 AM | #1 |
Second Lieutenant
116
Rep 240
Posts |
Lease End Buyout - Certify or No?
Hi all, my F80 lease ends mid June, and while I'd usually trade it in for a new M3, the new generation does not appeal to me, nobody nose why. So while I figure out what to get next, I am considering buying out my lease. I'd appreciate some input on my options:
1. Pay $2,200 to make the car CPO, gives one extra year of warranty, and it drops the APR to 1.9% for 60 mos. 2. Buy the car as-is, but the APR they're quoting is 3.9% for 60 mos. 3. Buy platinum warranty. How much does it cost? Consider that I will most likely sell the car in a year or less while it's still under the original factory warranty. That said, I have to imagine that the car being a CPO makes it more enticing (and reassuring) to the next owner, or am I overthinking it? Thoughts/Comments? Last edited by Krish_1; 05-24-2021 at 08:03 AM.. |
05-24-2021, 12:30 PM | #2 | |
Racecar Driver
1283
Rep 1,949
Posts
Drives: BMW M4
Join Date: Mar 2019
Location: Beverly Hills, California
|
Quote:
IMO, I would skip CPO and jump straight to Platinum warranty. Depending on how many miles/months you want for Platinum Coverage.... range is from 4650~6350 from 1 additional year to an additional 3 years. Kinda feeling Platinum doesn't cover enough and gold is more than sufficient since it seems like Platinum covers iDrive and some interior bits. That's about it. CPO gives you unlimited mileage if that matters to you but if you want to get the full 7 years, it's the platinum warranty ON TOP of CPO costs. So ~6350 + 2200 to get CPO with 7 year Platinum. It's stupid. So just go straight to 7 year Platinum or Gold and skip the CPO. From 20,001 miles to 49,999 miles, the price is going to be the same. It's 1K cheaper under if you're under 20,000 miles. You definitely want at least Gold since that'll cover things like gaskets and in case if you have a leaking Valve Cover Gasket or Differential Gasket. Price different between gold and plat at 7 years/100K is only 750 though. Edit: Forgot to mention that I am using 100K mileage pricing. If you don't drive your car often, there is also a 75K max mileage option.
__________________
N1rve
2019 BMW ///M4 - Alpine White | Sakhir Orange/Black Leather | M-DCT | Executive Package | 19" Black 437M Wheels | Carbon Fiber Trim | Sunroof | Active Blind Spot | Heated Steering Wheel | Adaptive M Suspension Last edited by N1rve; 05-24-2021 at 12:37 PM.. Reason: Adding Detail |
|
05-24-2021, 03:44 PM | #3 | |
Second Lieutenant
116
Rep 240
Posts |
Quote:
|
|
Appreciate
0
|
05-29-2021, 02:45 PM | #4 |
Second Lieutenant
195
Rep 274
Posts |
I just did something similar with my lease buyout. I agree it's not really worth CPO'ing it unless you plan to sell it in a year or two which may incentivize a buyer.
I was up in the air on extended warranty and in the end did not go for it and instead just extended the maintenance with the Ultimate Care Scheduled+ ($899). Obviously nothing beats peace of mind so go with the warranty. If you're on the fence like I was and if it's helpful, here were some of my thoughts that inevitably drove my decision to not get the extended warranty:
__________________
Current: 2018 M3 ZCP Tanzanite / 6MT | 2022 X3 M40i Brooklyn Gray
Old: 2016 M4 / Yas Marina Blue / 6MT / Dinan Stage 1 / EDC / Black Kidney Grilles / MPerf CF Spoiler / Exec Pack Last edited by zillymc; 05-29-2021 at 02:59 PM.. |
Appreciate
0
|
09-25-2021, 11:13 PM | #5 |
Captain
363
Rep 880
Posts |
Anyone know what's the difference between ultimate care scheduled vs ultimate care +2? Both are two years but price is 899 vs 3499 - the BMW website doesn't explain the difference or maybe i'm just missing it
__________________
|
Appreciate
0
|
09-26-2021, 06:26 AM | #6 |
Captain
359
Rep 923
Posts |
i would go the cpo route if you plan on selling your car w/in a year anyways. the new owner can usually pay a fee to get the coverage swapped into their name. having cpo coverage should also help you sell your car once the time comes...
|
Appreciate
0
|
09-26-2021, 09:34 AM | #7 | |
Ich Liebe mein BMW
413
Rep 887
Posts |
Quote:
If you do decide to add one of the plans, I suggest emailing Christine for a quote. Here is a thread with her info. Great service and pricing! |
|
Appreciate
1
visi107363.00 |
09-27-2021, 09:10 AM | #8 | ||
Major General
5029
Rep 5,093
Posts |
Quote:
Quote:
OP, if you plan on selling within a year, the market is still probably going to be a little crazy because of the ongoing chip shortage so why bother as the car should sell strongly.
__________________
|
||
Appreciate
0
|
12-28-2021, 11:29 AM | #9 |
Captain
363
Rep 880
Posts |
Can the extended warranty or extended maintenance be purchased by BMWFS at lease buy out or does one have to go through a dealer?
__________________
|
Appreciate
0
|
01-09-2022, 05:47 PM | #10 |
New Member
0
Rep 5
Posts |
I'm curious about this as well since my lease ends in two months and I'll likely be buying the car. My factory warranty expires in Nov. 2022.
|
Appreciate
0
|
01-10-2022, 06:36 PM | #11 |
Racecar Driver
1283
Rep 1,949
Posts
Drives: BMW M4
Join Date: Mar 2019
Location: Beverly Hills, California
|
It's cheaper through a dealer. BMWFS will charge you full price. You should be able to select it as an option on your BMWFS account (I saw it for mine before I bought my car out).
__________________
N1rve
2019 BMW ///M4 - Alpine White | Sakhir Orange/Black Leather | M-DCT | Executive Package | 19" Black 437M Wheels | Carbon Fiber Trim | Sunroof | Active Blind Spot | Heated Steering Wheel | Adaptive M Suspension |
Appreciate
0
|
01-27-2022, 06:07 PM | #12 | |
Captain
363
Rep 880
Posts |
Quote:
The extended WARRANTY can be bought even after you buy the car. It can be bought anytime before the cars 4 year / 50K miles warranty expires.
__________________
|
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|