Quote:
Originally Posted by tekphobius
Do you tend to hold onto your vehicles for a long time? I don't, so that's probably why I'm not against an off-lease CPO. I'll drive it for the three years and unlimited mileage on the warranty. When it's up, I'll get another one. I have no desire to own any out of warranty, so whether someone abused it before me doesn't really matter to me. If I had an issue, which I haven't, BMW will fix the car and give me a loaner. I just couldn't imagine being the bloke that threw away over 30 grand in two years in depreciation. That's crazy talk.
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I do tend to hold on to them for awhile if they turn out good. I had a 2009 VW CC LUXE I held onto from 2011-2019. It was a CPO. It was a great car and the only reason I sold it was because I was moving to Spain and I could only ship one US Spec car. My 2013 Range Rover Sport I bought in 2015 (CPO also) for my wife, and we still have it. It was the last year of the 5.0L Naturally aspirated V-8 before Tata motors took over Land Rover and ruined it by making them all look like different sizes of the same vehicle.
The key is what do they cost new, and what will they cost at 2 years old. In my case I was looking at the prices of a 2022 540iX and I could get a new 2024 for just a few thousand more + Tax Free while I am here + lower, if any used car tax when I ship it back to the states (Depends on the state and how old the car is when I ship it back). Plus I was looking at all the advantages of owning a new car now, and paying it off, then buying my wife a new car when we got back to the US, and it all clicked. So I ordered my new car.
It was seeing how the Sales Reps treat the cars during the test drives, by not respecting the break-in periods, and hearing what Lessees say on this forum about how they treat their Leases, that made me remember some of the initial issues I had when I bought my CPO cars that are leading me to believe I am better off buying from now on.