Need help on M-coupe deal

mhughett · 07-06-2010, 03:16 PM

My Z4 coupe is having its annual oil change tomorrow morning at the dealer and I have been looking at a 2007 M coupe they have on the lot. It is a local car, has only 7.7k miles on it and according to the dealer, had never been rained on while the original owner had it. The dealer quoted me a price both with and without CPO. They claim the CPO costs them $2,950 and they are willing to sell it to me either way. The standard warranty doesn't run out until 1/12 so it has a year and a half left on it and obviously, the CPO stretches this out until 1/14. Is this really their cost to certify an "M" car and if so, is it worth it? The car drives perfectly and I'm going to keep it at home tonight and check it out in detail to make sure it is as perfect as it seems. Clean Carfax, one owner, no accidents.

What do you guys think and thanks in advance for your help?

a_riddler · 07-06-2010, 03:22 PM

While I can't comment on the dealer costs, in shopping for a M Coupe, I found the same car is ~$3k more for CPO.

That doesn't mean you can't negotiate for a lower price, but that's a fair markup from what I've seen out there.

Serious · 07-06-2010, 03:38 PM

3k isn't what it "costs" them to bring the car up to CPO spec unless they replace the tires and the brakes (if thats the case then jump on it because those items together are $3k).

3k is a typical price increase for CPO though. IMO it's probably worth it.

007MCoupe · 07-06-2010, 03:57 PM

If it's only got that many miles on it and you personally look the car over well enough to be satisfied with the current condition and what's left on the warranty, then CPO isn't needed IMO. Personally, I'd get the CPO to extend the warranty, but that's just how I roll...

And post pics!!

mhughett · 07-06-2010, 04:52 PM

Quote:

Originally Posted by Serious

3k isn't what it "costs" them to bring the car up to CPO spec unless they replace the tires and the brakes (if thats the case then jump on it because those items together are $3k).

3k is a typical price increase for CPO though. IMO it's probably worth it.

I hear what you are saying re: the tires and brakes but I think what they are talking about is that since BMWNA is on the hook for CPO warranty repairs, the dealer has to pay BMWNA a fee for enrolling the car into the CPO program and this is their cost to do so. I don't really think this has anything to do with the work done on the car prior to selling it.

Serious · 07-06-2010, 04:56 PM

Quote:

Originally Posted by mhughett

I hear what you are saying re: the tires and brakes but I think what they are talking about is that since BMWNA is on the hook for CPO warranty repairs, the dealer has to pay BMWNA a fee for enrolling the car into the CPO program and this is their cost to do so. I don't really think this has anything to do with the work done on the car prior to selling it.

You could be right, I just know the car has to meet certain criteria in terms of wear on tire, brakes etc. so on most CPO cars they are replaced.

The 3k CPO cost could be added on top I guess, even so 3k seems reasonable for 2 years of factory coverage.

Z4MHawk · 07-06-2010, 04:56 PM

Interlago Blue? I looked at that car over a month ago. Very clean. If it checks out with you I would say the dealer CPO is added insurance. The Z4M's have never moved very fast in Tulsa and you will only see 3 or 4 of them around town. You should be able to walk there price down.....perhaps to cover the CPO.

mhughett · 07-06-2010, 05:05 PM

Quote:

Originally Posted by Iwantacookie!

Interlago Blue? I looked at that car over a month ago. Very clean. If it checks out with you I would say the dealer CPO is added insurance. The Z4M's have never moved very fast in Tulsa and you will only see 3 or 4 of them around town. You should be able to walk there price down.....perhaps to cover the CPO.

They had a blue one here about a month or two ago and they couldn't sell it despite the fact they lowered the price down to $28k. Salesman said it was because it missed a service somewhere (even though it only had 13k miles) and they couldn't CPO it. Also, it had no heated seats.

The one I'm looking at is Imola Red with carbon leather and heated seats.

jmillet · 07-06-2010, 05:12 PM

Quote:

Originally Posted by mhughett

SNIP
They claim the CPO costs them $2,950 and they are willing to sell it to me either way. The standard warranty doesn't run out until 1/12 so it has a year and a half left on it and obviously, the CPO stretches this out until 1/14. Is this really their cost to certify an "M" car and if so, is it worth it? The car drives perfectly and I'm going to keep it at home tonight and check it out in detail to make sure it is as perfect as it seems. Clean Carfax, one owner, no accidents.

What do you guys think and thanks in advance for your help?

Ask to see a copy of the CPO inspection checklist.
BMW Certified Preowned Checklist.pdf
If your dealer inspects the car the way most dealers do then I wouldn't have a lot of confidence in the inspection. These Bimmers are relatively trouble free and you can buy a lot of service for three grand.
I'd go sans CPO and put the $3,000 in an interest bearing CD.

pokeybritches · 07-06-2010, 05:19 PM

Is this going to be your daily driver?

chickdr · 07-06-2010, 05:20 PM

Quote:

Originally Posted by jmillet

Ask to see a copy of the CPO inspection checklist.
Attachment 404764
If your dealer inspects the car the way most dealers do then I wouldn't have a lot of confidence in the inspection. These Bimmers are relatively trouble free and you can buy a lot of service for three grand.
I'd go sans CPO and put the $3,000 in an interest bearing CD.

^^^ WHS. How much will YOU drive it? The car is almost new and is unlikely to have big problems during the OEM or CPO warranty period. Save yourself $3K and bank it.

mhughett · 07-06-2010, 07:16 PM

Quote:

Originally Posted by pokeybritches

Is this going to be your daily driver?

It will likely be my DD on nice weather days in town only. I still have my 530i that I can use for out of town trips and in the winter time. I'll probably put about 8-10k miles per year on it.

I have the car up on ramps right now and it looks very good. The front fangs have only a very small scrape of paint off them in the corners and there is no other signs of road damage. The brakes look barely used. The tires have 10/32 in the front and 7-8 in the rear. Is there anything else I should be looking for on a 2.5 year old car with less than 8k miles?

AWM3 · 07-07-2010, 05:43 AM

Quote:

Originally Posted by mhughett

It will likely be my DD on nice weather days in town only. I still have my 530i that I can use for out of town trips and in the winter time. I'll probably put about 8-10k miles per year on it.

I have the car up on ramps right now and it looks very good. The front fangs have only a very small scrape of paint off them in the corners and there is no other signs of road damage. The brakes look barely used. The tires have 10/32 in the front and 7-8 in the rear. Is there anything else I should be looking for on a 2.5 year old car with less than 8k miles?

Was the 1200 mile service done
Was the every 2 year brake fluid flush done
Is there any evidence of collision repair or repainting
What is the actual production date (on door jamb sticker)

mhughett · 07-07-2010, 07:15 AM

Quote:

Originally Posted by car62

Was the 1200 mile service done
Was the every 2 year brake fluid flush done
Is there any evidence of collision repair or repainting
What is the actual production date (on door jamb sticker)

Yes, Yes, No, 06/07

AWM3 · 07-07-2010, 08:59 AM

This sounds like about as perfect as you will find for a 3 year old Z4MC. You just have to decide if you like it more than your current car sufficiently to justify the expense. I have been hearing about some serious problems with the N52 engines such as you have in your current Z4. That might be one thing to consider long term.

pokeybritches · 07-07-2010, 12:59 PM

Skip the CPO if you're only doing 8-10k miles a year. The extra 2 years of warranty won't cover the maintenance (valve adjustments, brakes, inspections, etc.) so I'd save the money.

Hawkeye · 07-07-2010, 03:53 PM

If you don't hurry up someone else may buy it. You have done a great job of convincing everyone it is a perfect car

mhughett · 07-07-2010, 05:39 PM

Quote:

Originally Posted by Hawkeye

If you don't hurry up someone else may buy it. You have done a great job of convincing everyone it is a perfect car

Hawk:

I took your advise and closed the deal. I decided to pass on the CPO due to the fact the car only has 7,800 miles on it now and will have less than 50k by the time the CPO would have expired. Anyone interested in my 3.0si coupe with only 16k miles, please pm me. Thanks to everyone for your help.

Blind32 · 07-07-2010, 05:45 PM

Awesome! Time to change that sig and snap some pictures. Too bad you can't swap paint before you sell the 3.0si. I love the Montego Blue but Your going to love that M! Congrats!

07-06-2010, 03:16 PM	#1
mhughett Captain 25 Rep 615 Posts Drives: 2007 Z4 M Coupe Join Date: May 2009 Location: Tulsa, Ok iTrader: (0)	Need help on M-coupe deal My Z4 coupe is having its annual oil change tomorrow morning at the dealer and I have been looking at a 2007 M coupe they have on the lot. It is a local car, has only 7.7k miles on it and according to the dealer, had never been rained on while the original owner had it. The dealer quoted me a price both with and without CPO. They claim the CPO costs them $2,950 and they are willing to sell it to me either way. The standard warranty doesn't run out until 1/12 so it has a year and a half left on it and obviously, the CPO stretches this out until 1/14. Is this really their cost to certify an "M" car and if so, is it worth it? The car drives perfectly and I'm going to keep it at home tonight and check it out in detail to make sure it is as perfect as it seems. Clean Carfax, one owner, no accidents. What do you guys think and thanks in advance for your help? __________________ 2013 Audi TT RS (Tech Pkg, Sport Exhaust, Heated Seats, Sirius) Retired--2007 Z4 M Coupe (Imola Red/Black, Premium Pkg, Heated Seats, XM, Bimmian stubby antenna, CDV delete, Apex EC-7--Anthracite, Goodyear F1 Asymetric 2.
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07-06-2010, 03:22 PM	#2
a_riddler Bimmer Noob 30 Rep 566 Posts Drives: 08 Z4MC;08 MBZ E350 4Matic Join Date: May 2010 Location: Seattle, WA iTrader: (6)	While I can't comment on the dealer costs, in shopping for a M Coupe, I found the same car is ~$3k more for CPO. That doesn't mean you can't negotiate for a lower price, but that's a fair markup from what I've seen out there. __________________ 08 Z4MC /// DKF Exhaust, Stoptech 6/4 BBK, TCK Coilovers, Strong-Strut, Apex EC-7's, APR Splitter/Wing, AFE Intake, Underdrive pulleys, AS SSK, Jaffster, UUC Tranny Mounts, Matte Grill, RPI Scoop, CF Badges
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07-06-2010, 03:38 PM	#3
Serious 1M advocate 214 Rep 878 Posts Drives: 2018 S4. 2011 M3. 2012 S1000RR Join Date: Mar 2008 Location: Seattle iTrader: (0)	3k isn't what it "costs" them to bring the car up to CPO spec unless they replace the tires and the brakes (if thats the case then jump on it because those items together are $3k). 3k is a typical price increase for CPO though. IMO it's probably worth it. __________________ 2012 BMW S1000RR 2011 BMW M3
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07-06-2010, 03:57 PM	#4
007MCoupe Lieutenant Colonel 94 Rep 1,546 Posts Drives: '18 Sakhir M3 ZCP Join Date: Jun 2010 Location: ( ///// ) iTrader: (5)	If it's only got that many miles on it and you personally look the car over well enough to be satisfied with the current condition and what's left on the warranty, then CPO isn't needed IMO. Personally, I'd get the CPO to extend the warranty, but that's just how I roll... And post pics!! __________________ Become a ///Member!
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07-06-2010, 04:56 PM	#7
Z4MHawk Private First Class 3 Rep 165 Posts Drives: '06 Z4 M Roadster Join Date: Feb 2009 Location: tulsa iTrader: (0)	Interlago Blue? I looked at that car over a month ago. Very clean. If it checks out with you I would say the dealer CPO is added insurance. The Z4M's have never moved very fast in Tulsa and you will only see 3 or 4 of them around town. You should be able to walk there price down.....perhaps to cover the CPO. __________________ '06 Z4 ///M Roadster: Silver Gray Metallic; Gray soft top. Zeckhausen CDV. ESS VT1 445 Supercharger. APEX ARC8's. Dunlap Direzza Star Spec's. Strong Struts. Royal Purple. RPI Exhaust w/ DKF hangers.
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07-06-2010, 05:19 PM	#10
pokeybritches Colonel 479 Rep 2,782 Posts Drives: ESS/G-Power Z4M, VF Z4, 996tt Join Date: Sep 2009 Location: Los Angeles iTrader: (12) Garage List 2006 BMW Z4M [10.00] 2006 BMW Z4M [8.50] 2003 BMW Z4 3.0i [9.00]	Is this going to be your daily driver?
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07-07-2010, 08:59 AM	#15
AWM3 BMW Fan 11 Rep 553 Posts Drives: 2012 E92 M3, Alpine White Join Date: Apr 2008 Location: Georgia, USA iTrader: (0)	This sounds like about as perfect as you will find for a 3 year old Z4MC. You just have to decide if you like it more than your current car sufficiently to justify the expense. I have been hearing about some serious problems with the N52 engines such as you have in your current Z4. That might be one thing to consider long term.
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07-07-2010, 12:59 PM	#16
pokeybritches Colonel 479 Rep 2,782 Posts Drives: ESS/G-Power Z4M, VF Z4, 996tt Join Date: Sep 2009 Location: Los Angeles iTrader: (12) Garage List 2006 BMW Z4M [10.00] 2006 BMW Z4M [8.50] 2003 BMW Z4 3.0i [9.00]	Skip the CPO if you're only doing 8-10k miles a year. The extra 2 years of warranty won't cover the maintenance (valve adjustments, brakes, inspections, etc.) so I'd save the money.
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07-07-2010, 03:53 PM	#17
Hawkeye Brigadier General 2070 Rep 4,365 Posts Drives: '07 Z4 Coupe, '21 X3, '16 GMC Join Date: Aug 2007 Location: Iowa iTrader: (0) Garage List 2016 GMC Sierra SLT [10.00] 2008 Yamaha R6 [9.00]	If you don't hurry up someone else may buy it. You have done a great job of convincing everyone it is a perfect car __________________ 2007 Z4 3.0si Coupe • 6 MT • Black Saphire Metallic • PP • SP 2016 GMC Sierra SLT Z71 Premium Plus 4x4 2017 Harley StreetGlide • Denim Black • V&H Tune 2021 BMW x30i • Phytonic Blue Metallic • Fully loaded
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07-07-2010, 05:45 PM	#19
Blind32 Certified Adrenaline Junkie 43 Rep 1,325 Posts Drives: '07 Z4MC Join Date: Sep 2009 Location: Dallas TX iTrader: (2)	Awesome! Time to change that sig and snap some pictures. Too bad you can't swap paint before you sell the 3.0si. I love the Montego Blue but Your going to love that M! Congrats!
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