BMW Certified Pre-Owned Elite: These are automobiles with newer model years and lower mileage (greater than 300 miles but under 15,001 miles). After the 4-year/50,000-mile New Vehicle/SAV Limited Guarantee expires, you are covered by this warranty for another year and 25,000 kilometers, for a total of 5 years and 75,000 miles.
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Two certified pre-owned programs are available from BMW, both of which complement the new car warranty program.
BMW Certified Pre-Owned Elite: These are vehicles with a newer model year and lower mileage (greater than 300 miles, but under 15,001 miles).
BMW CPO Elite Provides a Sales Stream for Demo and Loaner Vehicles
Within BMW’s CPO operations, a relatively new program that aids dealers in selling used loaner and display cars is expanding and finding favor with both dealers and customers.
The program, known as BMW CPO Elite, was launched in January 2014 and, according to the company’s website, it covers newer BMW models with lower mileage—specifically, those with more than 300 kilometers but fewer than 15,001.
Once the four-year/50,000-mile New Vehicle/SAV Limited warranty expires, the program adds an extra year or 25,000 miles (whichever comes first) of warranty along with other perks that may be found on the BMW website.
As of right now, it seems to be assisting BMW in transferring more of its loaner and demo cars into the CPO sales funnel.
According to Kevin Rustad, national pre-owned sales manager at BMW North America, “it was intended to assist dealers with loaners and demos moving into the used-car inventory.” “Previously, we only received around 5% of these automobiles sold as CPOs; currently, we receive about 24%, and it is increasing.”
In 2014, 20% of all BMW CPO sales, according to Rustad, were CPO Elites. He does, however, note that the initiative has made significant progress; for instance, in December, CPO Elite accounted for 29% of all BMW CPO sales.
And it appears that it is becoming more popular with both the dealer community and the buying public.
Consumers and the dealer had excellent responses, according to Rustad. Dealers are now more comfortable turning loaners and demos because they are aware of the support available to them to help them sell these vehicles.
Dealers also appreciate that more consumers are choosing CPO Elite because these customers are significantly more likely to buy another CPO from the brand in the future.
Consumers have accepted it as well since it offers more assurance, a longer guarantee, and sales assistance, which results in a reduced monthly price, according to Rustad. Every customer can always appreciate paying The Ultimate Driving Machine a bit less each month.
Additionally, they like the opportunity to purchase a vehicle that is even newer than those that generally arrive on dealer lots via off-lease ways.
When asked which distinction between CPO and CPO Elite has caught the attention of buyers the most, Rustad responded, “Consumers love the idea that they can now acquire a low-mileage, newer used car that is certified. They like that there is now a younger alternative to the off-lease vehicles that were the main CPO options in the past.
Specific coverage against material defects is offered by the BMW Certified Pre-Owned Protection Plan and BMW Certified Elite Protection Plan.
What does BMW CPO mean?
Drivers are covered for 1 year and unlimited miles under the BMW Certified Pre-Owned Warranty. When the 4-year/50,000-mile New Vehicle Limited Warranty or SAV Limited Warranty ends, this protection begins.
The BMW CPO warranty covers crucial components of the powertrain, including the engine and final drive assembly, and is comparable to bumper-to-bumper protection. The exclusionary nature of this protection plan means that your contract will indicate the parts of the car that are not covered.
All CPO warranty repairs must be carried out at a BMW dealership. There is a $200 cost for transferring your BMW CPO warranty to a new owner.
Is it worthwhile to buy a CPO BMW?
Since you’re looking for a used BMW, it’s difficult not to suggest a CPO model. A CPO BMW will cost you a little bit more than a regular used BMW, but it’s almost certainly worth it. The added cost of the car is well worth the assurance that comes with knowing that it has undergone a rigorous inspection and has been given an additional year of warranty coverage. It also demonstrates that any maintenance performed on the vehicle over its lifetime was carried out by a qualified BMW dealer rather by a haphazard mechanic, as the BMW would not have passed certification otherwise.
Any automobile purchase is made a little bit easier and living with a car is a little bit less stressful when you know that your CPO BMW was certified, inspected, and then warrantied. A CPO is definitely worth it, unless you’d like a more older and less expensive BMW.
Does maintenance included with a CPO BMW?
Does a BMW CPO warranty include upkeep? A. No, typical wear and tear or maintenance procedures like oil changes and tire adjustment are not covered by BMW’s CPO warranty.
What does BMW’s CPO warranty cover?
The 4 year/50,000 mile (whichever comes first) BMW New Vehicle/SAV Limited Warranty is covered for 1 year and unlimited miles by the BMW Certified Pre-Owned Protection Plan. There are additional plans available to extend the coverage on your car for a total of 6 years and limitless miles.
Can I extend the warranty on my BMW CPO?
However, you’ll have the choice to add another year to your BMW Certified Pre-Owned Warranty at the time of purchase, bringing the total to 6 years with no mileage restriction.
What does the maintenance term CPO mean?
The only curriculum that covers the whole HUD Handbook 4350.3, including the most recent modifications, is the Certified Professional of OccupancyTM (CPOTM) course. An updated copy of this Handbook is given to each student during the course.
A comprehensive course manual with 31 chapters covers a wide range of subjects, including eligibility requirements, standards, tenant selection, and screening, as well as non-discrimination, allowances, adjusted income, certifying renters, and yearly recertification. A short quiz with an opportunity for questions follows each chapter. There are optional evening review sessions available.
Once you get your CPO certificate, you must renew it annually. Renewal entails paying a nominal renewal cost of $110 year as well as obtaining 6 hours of continuing education each year (6 CEUs). Each January, you must submit the finished CEU form along with your payment. To keep you informed of current HUD laws, regulations, and standards, the CEUs must have an occupancy-related focus.
PLEASE NOTE: Holders of certificates will annually self-certify and are not required to submit proof of attendance, a certificate, event materials, or a certificate of continuing education.
Does the maintenance on a BMW come for free?
BMW Ultimate Care is standard on all model-year 2017 and newer vehicles sold or leased by an authorized BMW center for the first three years or 36,000 miles, whichever comes first.
Why are used BMWs so inexpensive?
The oversupply of BMWs on the used market is one factor contributing to their low price. Similar to other products, when there is a surplus and a decrease in demand, the price of the commodity falls. If you’ve ever looked at a new BMW, you’ll note that practically every model has excellent lease offers. But what takes place when those vehicles are rented, returned, and then traded in?
BMW lease returns are normally either sold at auction or offered for sale as certified pre-owned vehicles on dealer lots. Additionally, when dealer lots are overflowing with CPO vehicles, it lowers the cost of the vehicles not just for dealerships but also for individual sellers. And whether you’re a dealer or an individual selling a car on the street, you must price the vehicle you’re selling in accordance with the going rates in the market in order to maintain a competitive edge.
Does BMW extend its warranty to pre-owned vehicles?
BMW extended warranties are an excellent method to defray the cost of major repairs. They start the moment your factory or manufacturer warranty expires. For new, used, or pre-owned BMWs, you can purchase an extended warranty via the dealership or from independent auto warranty providers like CARCHEX.
If you bought a new BMW, you probably paid significantly more than $35,000 for your luxury car. In addition to that cost, BMW owners may wind up shelling out hundreds or even thousands of dollars for upkeep and repairs. According to RepairPal, the average annual repair cost for a BMW is $968.
What is the price of a BMW extended warranty?
For three years of protection, a BMW extended warranty runs about $3,000, though rates vary based on the level of coverage and the condition of the pre-owned vehicle. The price of a BMW on a three-year platinum plan can reach $7,000 Year can discover more affordable costs for comparable coverage from outside providers.
Is there a lifetime warranty for BMW?
As long as you own your car, you are covered. You are covered FOREVER as long as you carry out the routine maintenance specified in your Warranty Forever(r) agreement.
What does a BMW have high mileage?
Find out how many miles a used car should have. When assessing the condition of low mileage used cars, you should keep the following things in mind if you’re thinking about buying a used BMW: What is high mileage in terms of use? Anything with a mileage over 75,000 fits into this category.
The BMW warranty covers batteries, right?
The Basic New Vehicle Warranty that comes with every BMW includes coverage for the car’s battery among other things. If the battery is defective, you are covered by this guarantee for a free replacement for four years or 50,000 miles.
If the battery is harmed for reasons other than material faults, such as in a car accident, this guarantee will not protect you. In that situation, filing a claim to pay for battery repairs would require collision insurance.
You might be able to get a new battery installed before the Basic New Vehicle warranty expires because the normal BMW battery lasts three to five years.
What about batteries for EVs? Your lithium-ion battery should last a lot longer than a regular car battery. BMW anticipates the high-voltage electric vehicle batteries to last at least 10 years (possibly up to 20 years depending on usage).
Here is a breakdown of BMW’s warranties:
includes factory-recommended maintenance such as brake service, fluid adjustments, wiper blade replacement, and oil changes.
Key Learnings For the first four years or 50,000 miles that your car is on the road, your BMW car battery can be changed without charge if it is defective.
What does the BMW warranty not cover?
The new BMW guarantee does not cover components like brake pads and filters that experience typical wear and tear. Additionally, it won’t cover damages brought on by inappropriate use or sun damage.
How many miles is a BMW good for?
But how many miles do BMW cars typically last? With good care, almost any BMW has the ability to last up to 200,000 or even 250,000 miles, and there will always be outliers that last even longer.
What distinguishes CPO from extended warranty?
What’s Included The degree of coverage is another frequent distinction between CPO warranties and extended warranties. For instance, the majority of CPO warranties provide the vehicle with at least some level of bumper-to-bumper protection. However, many extended warranties offer less coverage.
What advantages does buying a CPO offer the customer?
- Only cars in excellent condition are eligible.
- Process of multi-point inspection and reconditioning.
- Warranty Extension Protection.
- Low Interest Loans.
- Leasing.
- Maintenance is free.
- Assurance of Contentment
Can the CPO warranty be returned?
Can I revoke this agreement? Yes, we consider this plan to be “No risk,” which means you have the right to revoke it at any moment and obtain a refund. You must chat with your dealer about the return procedure if you have used the extended warranty.