CPO 2020 M340i -- Would you purchase this car?

JABCAT · 05-04-2023, 08:02 AM

Quote:

Originally Posted by oonowindoo

base on what you provided, i personally would skip both.

Keep looking. eventually you will find the one you want. There are new off lease cars every months at every dealer and the used car market is cooling down. So if you wait, you will most likely find a better car at a cheaper price. But the APR will be a killer, no idea how that will go.

This ^^^

Z K · 05-05-2023, 11:31 AM

Like the OP, I live in the same area. I purchased a CPO M340i 2 months ago from San Francisco BMW. It was 1st in service in 2020 so I have 2 years of warranty remaining (1 year new car, 1 year CPO). Mine had 30k miles and they were asking $45k which I negotiated down to $42k. It is fully loaded with executive package, laser headlights, HK audio, adaptive suspension, optional 19" wheels etc. Love the car!

But what I am seeing now with the market is that used car prices are going up... the same car as equipped would cost closer to $50k in the San Francisco area. I have been keeping an eye on it as a couple of other friends are looking to buy M340i now that they've sat in mine. haha

I would probably try to wait and see if prices drop. If this is a long term purchase, then buying now is ok - just be aware that cars are selling at a premium.

Mason Hatcher · 05-05-2023, 11:47 AM

Quote:

Originally Posted by zazzau

you won’t want to touch a stripper with a 10-foot pole.

techlogik · 05-06-2023, 08:35 AM

Just bought a cpo 2020 loaded m340i. Only thing it does t have is adaptive suspension. New tires, brakes, rotors. 29k mikes and super clean. Out the door for 55k. Tax and everything. A bit high? Yes. But two plus years of unlimited mileage and warranty plus all the new wear tear parts had to cost them 2-3k to get this car ready for sale. It drives like new. Worth it. I feel I just rolled a ton of maint cost into my loan which will last two+ years. So 6-1/2 dozen the other kind of. Run flat tires as well. $$$

Check the maint history also. If it has been soiled and just maint, I wouldn’t worry about the mileage. But up to you.

05-05-2023, 11:31 AM	#24
Z K Major General 1889 Rep 5,506 Posts Drives: E90 M3, G20 M340i Join Date: Jul 2011 Location: San Francisco iTrader: (3)	Like the OP, I live in the same area. I purchased a CPO M340i 2 months ago from San Francisco BMW. It was 1st in service in 2020 so I have 2 years of warranty remaining (1 year new car, 1 year CPO). Mine had 30k miles and they were asking $45k which I negotiated down to $42k. It is fully loaded with executive package, laser headlights, HK audio, adaptive suspension, optional 19" wheels etc. Love the car! But what I am seeing now with the market is that used car prices are going up... the same car as equipped would cost closer to $50k in the San Francisco area. I have been keeping an eye on it as a couple of other friends are looking to buy M340i now that they've sat in mine. haha I would probably try to wait and see if prices drop. If this is a long term purchase, then buying now is ok - just be aware that cars are selling at a premium. __________________ Auto Detailing Enthusiast! Last edited by Z K; 05-05-2023 at 11:37 AM..
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05-06-2023, 08:35 AM	#26
techlogik Lieutenant Colonel 70 Rep 1,565 Posts Drives: 2020 M340i Dravit Grey Join Date: Dec 2006 Location: FL iTrader: (2)	Just bought a cpo 2020 loaded m340i. Only thing it does t have is adaptive suspension. New tires, brakes, rotors. 29k mikes and super clean. Out the door for 55k. Tax and everything. A bit high? Yes. But two plus years of unlimited mileage and warranty plus all the new wear tear parts had to cost them 2-3k to get this car ready for sale. It drives like new. Worth it. I feel I just rolled a ton of maint cost into my loan which will last two+ years. So 6-1/2 dozen the other kind of. Run flat tires as well. $$$ Check the maint history also. If it has been soiled and just maint, I wouldn’t worry about the mileage. But up to you.
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