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 3 Rep 136 Posts Drives: E92 M3 Join Date: Aug 2007 Location: CANADA 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, 08:37 AM	#2
bobblehead Brigadier General 256 Rep 4,721 Posts Drives: warp speed Join Date: Aug 2009 Location: Toronto, On 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.
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08-23-2012, 08:56 AM	#3
Gearhead999s Major General 817 Rep 7,887 Posts Drives: RR Velar R=Dynamic M2C R1200GS Join Date: Apr 2007 Location: Toronto iTrader: (0)	If the pricing reflects the lack of any warranty then it makes sense.
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08-23-2012, 10:31 AM	#4
STALKER Brigadier General 169 Rep 3,831 Posts Drives: 997.2 GT3, Golf R Join Date: Feb 2009 Location: Toronto, ON 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. __________________
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08-25-2012, 05:07 PM	#5
SKY888 Private First Class 3 Rep 136 Posts Drives: E92 M3 Join Date: Aug 2007 Location: CANADA 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.
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08-25-2012, 06:43 PM	#6
Prince_of_Persia Colonel 248 Rep 2,513 Posts Drives: 6MT E92 M3 Join Date: Aug 2010 Location: Vancouver, BC iTrader: (1)	If I were you, I would get a CPO. __________________ AW\|FR 6MT E92 ///M3
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08-25-2012, 08:30 PM	#7
py0413 Major 110 Rep 1,291 Posts Drives: Slow Join Date: Jul 2008 Location: BC 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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08-27-2012, 09:55 PM	#8
SKY888 Private First Class 3 Rep 136 Posts Drives: E92 M3 Join Date: Aug 2007 Location: CANADA 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.
	Appreciate 0 Quote

08-28-2012, 01:45 PM	#10
airwave808 First Lieutenant 30 Rep 375 Posts Drives: M4 GTS Join Date: Mar 2011 Location: Tampa, Florida iTrader: (1)	You should check Auto Trader. There are some really good deals out there on 08 and 09.
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08-30-2012, 10:43 PM	#11
wanlong First Lieutenant 15 Rep 356 Posts Drives: 2011 e92 lci Join Date: Mar 2010 Location: GTA iTrader: (7)	did you end up buying it?
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08-31-2012, 10:07 AM	#12
SKY888 Private First Class 3 Rep 136 Posts Drives: E92 M3 Join Date: Aug 2007 Location: CANADA iTrader: (1)	No, I decided to purchase one with much lower mileage.
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08-31-2012, 10:21 AM	#13
wanlong First Lieutenant 15 Rep 356 Posts Drives: 2011 e92 lci Join Date: Mar 2010 Location: GTA iTrader: (7)	congrats
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