Need help on used purchase

SKY888 · 08-23-2012, 08:30 AM

I am looking at purchasing a 08 M3 but I am having second thoughts because the vehicle's warranty is over and the fact that the car has over 70,000 km's. From what I have searched on here, it looks like I am unable to purchase an extended warranty from BMW and this concerns me. Please help with your thoughts and am I wrong to purchase a used M3 with over 70,000 km's?

bobblehead · 08-23-2012, 08:37 AM

You can still buy 3rd party warranty. I don't see why not. You will just have to shop around.

The car is 4yrs+ old and that avg out to 18K per year which is typical mileage.

Lastly, if the asking price is reasonable and you take the car to have it checked out extensively.

Gearhead999s · 08-23-2012, 08:56 AM

If the pricing reflects the lack of any warranty then it makes sense.

STALKER · 08-23-2012, 10:31 AM

My car is a 08, nearly 80k and has zero issues.
Get the service records and have it thoroughly checked out by a good independent shop, mechanical and body.

SKY888 · 08-25-2012, 05:07 PM

Thanks to all who have responded to my post. I have decided to move ahead with a purchase but will be sure to get a BMW dealer to check the service history. I will also have them perform an inspection on the car as well.

Prince_of_Persia · 08-25-2012, 06:43 PM

If I were you, I would get a CPO.

py0413 · 08-25-2012, 08:30 PM

Where and which dealer are you buying from if i may ask? I know most dealer will still CPO the car even at that mileage.

SKY888 · 08-27-2012, 09:55 PM

Looking at the 2008 AW M3 at North York Chrysler in Toronto. Got the car proof and it shows clean. Anybody know the previous owner (the dealer bought it from BMW Finance as a lease return) or have any comments about buying a vehicle from this dealership? After looking at their website, it looks like they sell many BMW and Mercedes Benz.

Prince_of_Persia · 08-27-2012, 11:37 PM

Quote:

Originally Posted by SKYPWR

Looking at the 2008 AW M3 at North York Chrysler in Toronto. Got the car proof and it shows clean. Anybody know the previous owner (the dealer bought it from BMW Finance as a lease return) or have any comments about buying a vehicle from this dealership? After looking at their website, it looks like they sell many BMW and Mercedes Benz.

The AW one has over 70K Km on it. Just make sure you check everything before you buying it. The warranty is over (or pretty close to be over). Are they offering any kind of warranty? Why don't you buy a CPO?
The internet special price they have is decent though. Any accident on the record? Check the VIN for here here: http://getvin.com/

airwave808 · 08-28-2012, 01:45 PM

You should check Auto Trader. There are some really good deals out there on 08 and 09.

wanlong · 08-30-2012, 10:43 PM

did you end up buying it?

SKY888 · 08-31-2012, 10:07 AM

No, I decided to purchase one with much lower mileage.

wanlong · 08-31-2012, 10:21 AM

congrats

08-23-2012, 08:30 AM	#1
SKY888 Private First Class Drives: E92 M3 Join Date: Aug 2007 Location: CANADA Posts: 136 iTrader: (1)	Need help on used purchase I am looking at purchasing a 08 M3 but I am having second thoughts because the vehicle's warranty is over and the fact that the car has over 70,000 km's. From what I have searched on here, it looks like I am unable to purchase an extended warranty from BMW and this concerns me. Please help with your thoughts and am I wrong to purchase a used M3 with over 70,000 km's?
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08-23-2012, 10:31 AM	#4
STALKER Brigadier General Drives: 2008 E90 M3 Join Date: Feb 2009 Location: Toronto, ON Posts: 3,408 iTrader: (5)	My car is a 08, nearly 80k and has zero issues. Get the service records and have it thoroughly checked out by a good independent shop, mechanical and body. __________________ 2008 AW/FR E90 M3-SOLD 2013 991 C4S-Produced, but not delivered.

08-25-2012, 06:43 PM	#6
Prince_of_Persia Colonel Drives: 6MT E92 M3 Join Date: Aug 2010 Location: Calgary, Alberta Posts: 2,155 iTrader: (1)	If I were you, I would get a CPO. __________________ AW\|FR 6MT E92 ///M3

08-25-2012, 08:30 PM	#7
py0413 Captain Drives: 2012 M5 Join Date: Jul 2008 Location: BC Posts: 941 iTrader: (2)	Where and which dealer are you buying from if i may ask? I know most dealer will still CPO the car even at that mileage. __________________ Must stop eating..............

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08-23-2012, 08:37 AM	#2
bobblehead Colonel Drives: warp speed Join Date: Aug 2009 Location: Toronto, On Posts: 2,545 iTrader: (0)	You can still buy 3rd party warranty. I don't see why not. You will just have to shop around. The car is 4yrs+ old and that avg out to 18K per year which is typical mileage. Lastly, if the asking price is reasonable and you take the car to have it checked out extensively.

08-23-2012, 08:56 AM	#3
Gearhead999s Major General Drives: E93 335is(wifes)E92 M3 Join Date: Apr 2007 Location: Toronto Posts: 6,387 iTrader: (0)	If the pricing reflects the lack of any warranty then it makes sense.

08-25-2012, 05:07 PM	#5
SKY888 Private First Class Drives: E92 M3 Join Date: Aug 2007 Location: CANADA Posts: 136 iTrader: (1)	Thanks to all who have responded to my post. I have decided to move ahead with a purchase but will be sure to get a BMW dealer to check the service history. I will also have them perform an inspection on the car as well.

08-27-2012, 09:55 PM	#8
SKY888 Private First Class Drives: E92 M3 Join Date: Aug 2007 Location: CANADA Posts: 136 iTrader: (1)	Looking at the 2008 AW M3 at North York Chrysler in Toronto. Got the car proof and it shows clean. Anybody know the previous owner (the dealer bought it from BMW Finance as a lease return) or have any comments about buying a vehicle from this dealership? After looking at their website, it looks like they sell many BMW and Mercedes Benz.

08-28-2012, 01:45 PM	#10
airwave808 Second Lieutenant Drives: MCB E92 Join Date: Mar 2011 Location: Toronto Posts: 294 iTrader: (1)	You should check Auto Trader. There are some really good deals out there on 08 and 09.

08-30-2012, 10:43 PM	#11
wanlong First Lieutenant Drives: 2011 e92 lci Join Date: Mar 2010 Location: GTA Posts: 357 iTrader: (7)	did you end up buying it?

08-31-2012, 10:07 AM	#12
SKY888 Private First Class Drives: E92 M3 Join Date: Aug 2007 Location: CANADA Posts: 136 iTrader: (1)	No, I decided to purchase one with much lower mileage.

08-31-2012, 10:21 AM	#13
wanlong First Lieutenant Drives: 2011 e92 lci Join Date: Mar 2010 Location: GTA Posts: 357 iTrader: (7)	congrats