Yes the question of buying a CPO vs leasing a new one is always there with regards to how value for money and depreciating etc.
1 Like
Iâm more into Japanese for premium suv. Look into Infiniti QX & Acura MDX.
I will also add maintenance factor into cpo as well since the big ticket maintenance item usually is more likely due after u buy n drive cpo vs leasing new.
Curious to why you think itâs a good deal when Rx350 starts at 50 k
OP mentioned the RX. Compared to the German brands, RXs have historically retained value well, have been very dependable, and have low maintenance costs. The total cost of ownership on a purchase should be significantly lower than a German SUV.
1 Like
Any RX deals in Midwest ? Apparently only California dealers have 4-5K off MSRP+Rebates on lease. CPO BMWs seem to be overly priced
I am in CA, so do not know about pricing in the Midwest. In CA, the non-hybrids and the plug in hybrids are being discounted. The non plug in hybrids are not being discounted much, if at all.
Yes the plug in hybrids are being discounted in CA.
Many dealers can ship
Just had a convo with a BMW sales manager about CPO vs extended warranty. Granted, the car in question wasnât certified so that seemingly skewed his responses towards extended warranty. Basically, his logic was why spend $2K on cert for one extra year vs spending double but getting much better coverage (highly questionable IMHO!) for longer. Anyone wants to take a position on this?
And, BTW, CPOs usually cost about the same as used cars from other franchised dealers. So itâs just a nice perk.
1 Like
Thanks for the links. What I meant was the merits, or lack thereof, of CPO vs extended warranties. Per that BMW manager, CPO is basically a powertrain warranty that wouldnât cover any electrical or electronic issues. Donât think itâs correct though.
The gas Rx is also a good candidate. Both should have class-leading resale value.
CPO is equivalent to the âgoldâ extended afaik which is BMWâs second tier of extended warranty.
Platinum is BMWâs best extension.
Shopping around for platinum is arguably a better strategy than paying to CPO a car.
1 Like
With a 20 k delta I donât see why someone would take the 450 H even after 11,500 in discount
Because the 450h+ comes in the fully loaded Luxury trim which is $61k on the 350h.
And youâre getting 35 miles electric range plus 24% more horsepower. Add HOV stickers if that applies to your state or the ability to commute with no gas expense if you have free charging at work.
The gas RX base model makes more sense for someone who doesnât want all the options but once youâre at or above the P+ trim it starts to make less and less sense to not get the 450. Especially for someone who mentioned a GLE in their first post: getting a loaded RX vs a barebones GLE at around the same price point.
3 Likes
Just adding another datapoint, a 2022 XC90 Recharge would come with the $4000 Used EV Rebate
Just make sure you are the 2nd owner for it to qualify.
And itâs has to be less than $25000, thatâs the harder number to hit.
A 2022 XC90 Recharge definitely would not come with a $4k used EV rebate since these are nowhere near $25k⌠Fewer than 2 dozen 2016/17s are under $25k nationally⌠Also would need to be under $150k household income (if married)
3 Likes
Find a 2023/2024 Cayenne with a recent in service date. 4 years factory + 2 years CPO.
My other side of advice is to find the oldest <10k mile example out there thatâs still under factory warranty. Then buy a Fidelity platinum warranty for however long youâd like.
1 Like
What is your budget?