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CPO extended warranty pricing
Hi All,
Sorry for the SPAM, since I have posted this message on the Z listing already.
I am looking for A CPO Z4 and I had a question if there are any DISCOUNTS available for extended warranty.
-------------------------Original message -----------------------------
I am wondering if the cost of the extended warranty (2 years/ 50,000 mi) was different with every dealership or is set by BMW as a factory price?
What are the factors that depend to decide on the cost of the extended warranty?
Does the year and mi of the car, a factor of the price?
What does an average extended warranty costs?
Appreciate the response.
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| | Reply » CPO extended warranty pricing |
I've deleted your cross-posted threads (please do NOT cross-post) and moved this thread to General BMW.
| | Reply » CPO extended warranty pricing |
Some dealers will simply refuse to 'CPO' a car. To properly CPO a car, they must install new tires and do a multitude of other things. There is no set price from what I understand... I suspect that BMW of North America would frown on a dealer simply selling a CPO certification.
Most dealers will instead try to sell you a warranty that is underwritten by a third party. BMW of North America does NOT offer a bumper-to-bumper warranty extension (CPO is essentially drivetrain only).
Can I suggest investing the money instead? 
| | Reply » CPO extended warranty pricing |
In order to CPO a BMW the dealer must perform an inspection which requires 2 hours of a technician's time. In most markets that cost exceeds $200. In addition, the dealer must pay a fee to BMW of North America for the two year/50,000 mile "protection plan". Note that it is NOT a warranty as the fine print excludes numerous items in the car from the protection plan. For a 3 Series this fee is approximately $1,000 and goes up from there for the other series.
The part of the CPO cost that is variable is the cost of the work that the dealer must perform (determined by the 2 hour inspection) to bring the car up to CPO specs. For example, the tires must all match, must meet OEM specs, and must have adequate tread or the dealer must install 4 new tires.
The final part of the process that varies is dealer mark-up on the CPO work. Figure somewhere between $200 and $500.
Thus it isn't surprising that a CPO unit might have a selling price around $2,000 more than a non CPO unit of the same model and year.
Only you can decide if it is worth it to buy a CPO unit. Personally, I would put the money in the bank and use it to perform any future repairs that would be coveredy by the CPO protection plan.
My $0.02. YMMV
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CPO extended warranty pricing