The used BMW marketplace in the United States has been growing rapidly since the last few years, mainly because many BMW lovers have discovered the convenience of leasing new BMWs and then opting for newer models after 2 or 3 years. This trend has outstripped the older trend of buying a BMW with a 4 or 5 years auto loan. That is one of the reasons why so many pre-owned BMWs are hitting the market and being snapped up by discerning buyers.
The phenomenon of the BMW lease has radically changed the dynamics of the pre-owned automobile market by flooding it with reasonably priced luxury cars in good condition. Until ten years ago, a typical pre-owned BMW would be more like a battered old rattletrap than a luxury car; it’s a totally different ball game today, with most BMW dealers and used car stores striving to find low mileage BMWs with an accident-free history.
Certified pre-owned (CPO) BMW program
The premier car manufacturer has established a used BMW certification checklist to assist potential buyers. In order to qualify for this certificate, all pre-owned BMWs must fulfill all the criteria laid out in the checklist. In addition, a pre-owned BMW that makes the CPO checklist and still happens to be covered under the original warranty gets an extra 50,000 mile / 2 year warranty.
For instance, anybody who buys a 2007 used BMW X5 with say 25,000 miles on the odometer from an authorized dealer will have approximately 4 years of the original warranty. If the car passes the CPO checklist you would get – Remaining original warranty mileage plus CPO extra mileage – 25,000 + 50,000 = 75,000 miles.
It is possible to drive the used BMW 75,000 miles and still be covered under the warranty program. If you don’t drive long distances frequently, you’d also get a 6 year warranty on the automobile. This means that you will enjoy many more years of driving your dream luxury car.
Best places to buy a pre-owned BMW car
In view of the current market scenario, it is best to buy your BMW from an authorized BMW dealer. Other options include popular auction websites and used car stores, but buying the car from an authorized dealer helps you save a substantial amount of money with the extra 50,000 miles on the original warranty. When all’s said and done, an authorized BMW dealer will provide great service and after sales support than going to a store or auction site.