02-10-2020, 07:34 PM | #45 | |
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02-11-2020, 12:23 PM | #46 | |
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The catch with the CPO Wrap is that the exact details of the CPO Wrap vary from dealership to dealership, and dealerships are required to offer it on all their vehicles. If cars require service under the CPO Wrap program it costs the dealership who sold the CPO Wrap extension a certain amount of money each time warranty repairs are required. Basically it gives dealerships the opportunity to make a gamble that their car will last to the end of their CPO Wrap without requiring too many repairs to cancel out the almost pure profit they got from selling a CPO Wrap in the first place. That's the way it was explained to me anyways, and what I could find elsewhere seems to back that up (the CPO Wrap options I was offered were different from the CPO Wrap options I've seen posted online by other dealers). The CPO Wrap appears to only be available at the time of purchase and was offered to me as up to a 4 year extension (9 years from original date of service) that would cover up to a total of 125,000 miles. Beyond that, it appears anyone can purchase a standard BMW Extended Service Contract that goes up to 7 years from original date of service/100,000 miles at any time while your car is still under the original warranty (new car or CPO warranty). That has 3 different levels of protection, but if you're only under CPO warranty currently (>50,000 miles or >5 years) you can only buy the most expensive option. Regardless of those warranty options, I'm not too concerned for my personal situation. The longest I've kept a single car in my life up to now is 2 years, so if any issues or concerns arise within that timeframe I wouldn't mind getting a different vehicle after the warranty is up. I'll also put enough miles on the car (30,000-50,000 a year) that I will have most likely found any lingering issues before the warranty is up since I drive my cars the way they were meant to be driven - like a sports car. I took delivery last Monday evening at 30,420 miles and this morning I hit 31,000 despite snowfall keeping me home over the weekend, so I'm well on pace for the same kind of driving as usual. |
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02-11-2020, 11:29 PM | #47 | |
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02-12-2020, 11:17 AM | #48 |
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The dealer didn't tell me that coverage varied, I just compared the coverage they offered me to coverages that I found listed on websites for other dealers. Multiple of the websites I found disagreed with one another as well. It seems there's either a lot of misinformation or a lot of old information on extended warranties available online on BMW dealer websites.
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02-12-2020, 03:04 PM | #49 | |
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