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CPO stuff is only adding warranty from the original in service date. 5-6 years to a 2010 vehicle sold in 2009 means that will have 1-2 years of warranty at best.
Aftermarket warranties can be extremely valuable, google the CarMax Range Rover story.
You do not want a third-party warranty from a Chevrolet dealer on the BMW. Check CarMax, because you can use the dealership as well. You do not have to have the vehicle serviced at CarMax.
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All the world's a stage, and all the men and women merely players: they have their exits and their entrances; and one man in his time plays many parts, his acts being seven ages.
~William Shakespeare (As You Like It Act II, Scene VII)
Find yourself a good mechanic, buy the BMW, since you've always wanted one. You only live once.
If it works for you and turns out to have maintenance costs that are manageable, you will enjoy the intangible benefits of driving the vehicle you've always wanted. If it doesn't work out because you are slammed by high maintenance costs, you will be all the more wiser.
I bought a '94 BMW 740il back in 2000. It was my dream car. I always wanted a BMW and that car was beautiful. I felt like I had gone to heaven when I drove it home. Over the next 18 months, I spent upwards of $25000 on repairs. The last check, for over $3700, left me numb. What an idiot I was. Just about every other car I saw looked better to me than that BMW. I didn't go home from the repair shop. I went straight to a Jeep dealer and bought a Grand Cherokee, so glad to close up that enormous black hole that the BMW represented in my bank account. The BMW was a foolish emotional purchase, one with no brains, no common sense. I wanted that BMW though. I will say that when it didn't have problems, it was beautiful car to drive.
I have never been inclined to work on cars myself, and over that 18 months, I took that car to various repair shops for estimates. It felt like they all saw dollar signs when they saw me pull in with the BMW emblem, as if my having that car meant that they could charge me the max because I could afford it. They were used to getting BMWs and making big money from the repairs.
If you're going to buy the BMW, take the advice of others here and get that extended warranty.
You do not want a third-party warranty from a Chevrolet dealer on the BMW. Check CarMax, because you can use the dealership as well. You do not have to have the vehicle serviced at CarMax.
Unfortunately, not, you would have to go to East Haven if you're north of the city. If you're in New Jersey, the closest would be King of Prussia. BMW of Mount Kisco is actually a very good dealership, so you may see what they have in stock. The certified BMW allows you to purchase the extended service contract, after the factory warranty extension expires, but you will pay a premium for the certified example, especially in Westchester as it's not difficult to sell a CPO X5.
Third-party warranties vary, and I am skeptical of most. I was skeptical of CarMax as well, but the experiences that have been shared here, and on other sites, i.e., the Range Rover, combined with the experiences of two friends of mine with CarMax vehicles has changed my mind. It may be worth a look online, if you don't mind a drive to get to the dealership. While not as convenient as buying down the street, it could be much less expensive when covered issues occur.
__________________
All the world's a stage, and all the men and women merely players: they have their exits and their entrances; and one man in his time plays many parts, his acts being seven ages.
~William Shakespeare (As You Like It Act II, Scene VII)
Find yourself a good mechanic, buy the BMW, since you've always wanted one. You only live once.
If it works for you and turns out to have maintenance costs that are manageable, you will enjoy the intangible benefits of driving the vehicle you've always wanted. If it doesn't work out because you are slammed by high maintenance costs, you will be all the more wiser.
I bought a '94 BMW 740il back in 2000. It was my dream car. I always wanted a BMW and that car was beautiful. I felt like I had gone to heaven when I drove it home. Over the next 18 months, I spent upwards of $25000 on repairs. The last check, for over $3700, left me numb. What an idiot I was. Just about every other car I saw looked better to me than that BMW. I didn't go home from the repair shop. I went straight to a Jeep dealer and bought a Grand Cherokee, so glad to close up that enormous black hole that the BMW represented in my bank account. The BMW was a foolish emotional purchase, one with no brains, no common sense. I wanted that BMW though. I will say that when it didn't have problems, it was beautiful car to drive.
I have never been inclined to work on cars myself, and over that 18 months, I took that car to various repair shops for estimates. It felt like they all saw dollar signs when they saw me pull in with the BMW emblem, as if my having that car meant that they could charge me the max because I could afford it. They were used to getting BMWs and making big money from the repairs.
If you're going to buy the BMW, take the advice of others here and get that extended warranty.
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