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08-07-2009, 05:17 PM | #45 |
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08-07-2009, 05:18 PM | #46 | |
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First, there's the principle of the thing--this "deal" stinks and you've got a way to gracefully exit with no long term harm to you (other than wasted time, frustration, and etc). I just wouldn't keep it on principle. Second, 47K for a vehicle with visible damage (and potentially other damage as well--given the door fit, the suspension) is not, IMO, a good deal. Once a car sustains this type of damage it just isn't the same. What if there are other "things" such as damage you can't see, or rust in the future, etc. I recall one post here where someone had work done, then later water accumulated in some panel and shorted out the audio and caused other secondary damage. Why risk it? Third, there's the resale/value of the car in the future. Lastly, I don't know about you, but there's an emotional component: I would feel sour on the deal in general and the car, and I'd never have a good feeling about it. 47K is a lot of money. Find another M3 you can fall in love with and one that doesn't come with all of this baggage. |
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08-07-2009, 05:24 PM | #47 | |
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08-07-2009, 05:32 PM | #48 |
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I still wouldn't do it for all the reasons originally listed. Those still apply.
It may be a moot point as well. The dealer may not be able to offer a CPO on a car that's incurred this type of damage. I know myself pretty well, and a CPO offer wouldn't negate the issues for me. There are too many negatives for this to be a good business deal for me. But this isn't about me. It's about you. "You" are the key factor in this decision. Ultimately it's your call my friend. We're just a bunch of guys posting on the internet....we don't know you, your situation, options, etc. Last edited by Finnegan; 08-07-2009 at 05:49 PM.. |
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08-07-2009, 05:44 PM | #49 |
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A car like this technically can't be CPOed b/c of the amount of damage it sustained, which of course doesn't mean that this dealer wouldn't try to do it .
Also, a lot of M3s at dealers aren't CPOed even though they could be. The market for them is soft and the dealer cost to CPO them is high. A lot of dealers that I see don't CPO them to keep the price down, then they can do it later if the buyer wants the warranty and is willing to pay for the reconditioning needed if there is any. I 100% agree with the idea of returning the car and walking away. The car had significant damage and a suspect repair job, and there's a massive hit that you take on resale with a car like this. A lot of M3 buyers will cross a car that's been damaged so significantly right off the list regardless of asking price. For the folks saying to get a warranty from the dealer, there's no way to get an extended BMW warranty on this car. It doesn't qualify as a CPO, and the OP isn't the original owner. The only option is a 3rd party warranty, and I would pass on that option and just take the cash and bank it for obvious reasons. |
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08-07-2009, 06:33 PM | #51 |
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A BMW supposedly can't be CPOed if it has been involved in an accident; that's the main attraction of buying a CPO.
If they CPO it, I'd NEVER consider a BMW CPO. It seems to me you're now looking for our approval to keep it. YOU DON'T NEED IT. Just hope you don't regret your decision. Good luck. |
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08-07-2009, 09:56 PM | #53 |
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I'm waiting on the insurance report and estimate from the original owner and the repair history from the dealer to get an idea of what was damaged. Both the original owner and dealer say the car did not need to be totally repainted.
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08-07-2009, 10:26 PM | #54 | |
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It is also my understanding that any car with accident damage over a certain threshold (basically minor paint, touch-up only), can't acquire CPO status. I'm not sure I believe that system is completely fool-proof, but that is the policy.
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08-09-2009, 07:44 PM | #55 |
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08-09-2009, 08:01 PM | #56 |
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You know what the answer is...return the car...and get out from this deal...you will not be happy with "damaged goods"
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08-10-2009, 11:53 AM | #57 |
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I am returning the car however the dealer is saying they won't reimburse me the amount I paid to transport the car to me...I think its only right that they reimburse that cost to me because none of this wouldn't have happened if I was defrauded by them. What do you guys think?
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08-10-2009, 05:12 PM | #58 | |
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If it's small, and if it's just one way, consider that you haven't had to fight them (court or otherwise) to get them to take the car back. I'd just let it go and move on to the hunt for your new M3 and put this behind you. The sooner the better. |
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08-10-2009, 08:24 PM | #59 | |
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Yeah, even newer cars are usually enrolled in the CPO program. Even if it adds a bit of $$$ to the price of the car, it is a very good sales tool (and peace of mind) to have that 6 year/100k warranty. The cost of adding an extended warranty to an '08 M3 these days just went up significantly. It might add $1500 to the price of the car to CPO it, but that same warranty would likely set you back $3k later down the road. My guess is that they did not CPO the car due to the known body repairs that were apparently done at that very dealership. When I find signs of major body repair on a car that the dealership wants to CPO, I stop the CPO process and the car is either sold "as is" (or with the remainder of factory 4/50 warranty), or the car is sold at auction. Minor repairs are okay, but when doors and fenders have been off, that is major, IMO. Edit: I see the OP is returning the car; good choice in my opinion. These cars are never the same after an accident, and it sounds like there was structural damage to the shock tower area. These are major repairs, and ones that you do not want on a 1 year old car.
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08-10-2009, 08:37 PM | #60 | |
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Don't worry, they wouldn't be able to CPO that car. They could offer him the ESC 72/100 warranty if they wanted. That is the warranty that any owner can purchase, and it has all of the same benefits as the CPO warranty.
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08-10-2009, 09:04 PM | #61 |
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I don't buy this " its never the same" argument. If the car drives good and qualified people say the repairs are good, there is no reason to believe the car is any different than it was pre-accident. You said there was no frame damage which is the biggest determining factor in whether or not a car drives like its supposed to. Of course if the psychological aspect is bothering you, turn it in. But I doubt there is any difference at all in the way this car drives compared to any other one...
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10-10-2009, 02:40 PM | #63 |
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I have the same situation with two of our cars. They were bought new and both had paint work done before they arrived at the dealer. Often in overseas transport they get knicked and then repaired. On our Saab you can just see the little overspray on a door seal, on our G35 the entire left rear quarter up to the door jamb was repainted and the bumper cover doesn't even line up perfectly with the sheetmetal like on the other side. Leased cars ... what the #ell they'll go back in three anyway ...
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