What does BMW certified pre-owned mean?
Here’s what qualifies a pre-owned BMW as certified: Must be thoroughly inspected, reconditioned, and approved by a BMW inspection team of BMW trained technicians, Service Managers, and Pre-Owned Managers. Maintenance record must be up-to-date. Must have genuine BMW parts. Must have CARFAX and AutoCheck report. How many miles do BMW models last? A BMW can last 150-200,000 miles with proper care and if you drive the national average of 13,500 miles per year, you can expect to drive your BMW for 10-15 years according to MotorAsk.BMWs typically last between 200,000 and 250,000 miles. Of course this depends on how the vehicle is used, how often it’s serviced and the particular model.That being said, some recent studies show that BMW models can last up to 200,000 to 250,000 miles, with an average lifespan of at least 15 years. On the other hand, Mercedes-Benz vehicles tend to last up to 150,000 to 200,000 miles with an average lifespan of over 10 years.For a BMW to be certified the vehicle must have less than 60,000 miles and be less than 4 years old. It also has to pass a rigorous inspection from BMW trained and certified technicians.With the right kind of care, you can expect your vehicle to last for 200,000 to 250,000 miles—or even longer! Maintenance and care are key factors that determine a vehicle’s long-term longevity, but as the aforementioned studies show, you can expect every BMW to deliver above-average results.
Is it better to buy new or certified pre-owned?
Because of depreciation, certified pre-owned cars can be a better value than new cars. They can be purchased for a lower price than what their quality and features might otherwise fetch if they were newer. You can get a car that is nearly new, but because it has been previously owned, you will always pay less for it. Certified Pre-Owned programs vary significantly, and some third-party CPO certifications offer little more than a basic safety check. Manufacturer-backed programs provide factory-grade inspections, extended warranties, and added perks like roadside assistance.Certified Pre-Owned (CPO) vehicles are premium used cars that are rigorously inspected and backed by the manufacturer. Buyers must compare the lower cost of a standard used car to the greater peace of mind that comes with a CPO vehicle.They’re thoroughly inspected pre-owned vehicles that are backed by manufacturer warranties and have passed a rigorous inspection completed by a certified technician. They’re a gold standard of used cars and only models that meet the OEM’s CPO program standards earn the title.
Which is better, pre-owned or certified?
Certified Pre-Owned (CPO) Vehicles As a result, you can expect a CPO vehicle to have a clean history, lower miles, and be in better overall condition compared to a regular used car. One of the largest benefits that comes from buying a certified pre-owned vehicle is the manufacturer-backed extended warranty coverage. Many CPO programs also include perks like roadside assistance, trip interruption reimbursement, and even free maintenance for a limited time. These extras save money and reduce stress if unexpected issues come up after your purchase. CPO cars also deliver better long-term value compared to buying new.The allure of certified pre-owned vehicles is bolstered by their comprehensive warranties and assurances, setting them apart from conventional used cars. CPO vehicles typically come bundled with extended limited warranties, offering buyers an added layer of protection and peace of mind.
Why is BMW lease so cheap?
BMW has historically subvented their leases with artificially high residual values to make the leases cheaper. Their current EV leases feature residual values that are much higher than market rate. Vulnerability to Economic Downturns Global financial crises or economic downturns often reduce demand for luxury goods, including premium vehicles. This vulnerability places BMW at a disadvantage compared to competitors focusing on more affordable models.
What are the disadvantages of buying a used BMW?
Higher initial costs, potential maintenance expenses, and limited selection are factors that potential buyers should weigh carefully. By understanding these cons, you can make a more informed decision and determine if a BMW approved used vehicle is the right choice for you. If you’re considering a used BMW, you’ll want to consider the following factors when determining the condition of any low-mileage used cars you’re considering: Use: What is considered high mileage? Anything over 75,000 miles falls under this category.For Used Cars, What’s the Optimal Mileage to Look For? For the most part, you want to look for low mileage used cars. There’s no rule to how many miles on a used car is too much, but by attempting to stick to the 12,000 miles per year rule is a great place to start.You’re a Low-Mileage Driver There’s often a mileage limit on your leasing contract. So, if you typically log a low number of miles, between 10,000 and 15,000 miles per year, leasing a car might make more sense than purchasing one, since low mileage limits can lead to lower leasing costs.The mileage considered a lot depends on the vehicle’s age, make, and maintenance history. Generally, anything over 10,000 miles per year for both petrol and diesel vehicles can be considered high mileage.