The growth in used car market has been accelerating every year as the American appetite for leasing new vehicles exceeds historical trends of purchasing cars with four and five car loans. The move to lease creates a predictable cycle of used cars on the market. Most rental cars are returned to the dealer within 24 to 36 months from the date of commencement of the lease.
Lease phenomena has changed the dynamics of the used car market by injecting quality used cars often have low mileage and excellent service record. Many readers may remember the days when a used car lot that looked like a collection of "misfit toys" from the popular animated film. Today, a used car dealership strives to find low mileage quality cars with no history of accidents, abuse or stress in the car.
The certified pre-owned (CPO) BMW program is an example of taking the used car buyer seriously. BMW creates a certification checklist for all used cars have to pass to qualify as a CPO car. If a BMW is still covered by the original warranty and passes the list of CPO, BMW added a two years / 50,000 mile warranty in addition to the original warranty. As I learned about this program, I was surprised to see is BMW used car warranty you can get from a BMW dealership.
For example, if you bought a 2006 BMW 525i certificate used with 23,000 miles on a BMW dealer, there would be approximately three years left on original warranty. The three years that is based on the balance of BMW new car warranty, four years or 50,000 miles.
If you buy a used BMW 525i and BMW dealer who sold the car in the CPO program, which would receive mileage warranty as follows:
Remaining original warranty mileage: (50000-23000) = 27,000 miles
Mileage Warranty: 50,000
Full Warranty BMW uses a vehicle mileage: 77,000
That can drive the car 77,000 miles and still be in the BMW warranty program. If you do not drive long distances many also have a five year warranty on the car (3 years after the original warranty balance of new car + 2 years from CPO certification) so you can be sure that BMW used car delivered his many years of driving pleasure.
Lease phenomena has changed the dynamics of the used car market by injecting quality used cars often have low mileage and excellent service record. Many readers may remember the days when a used car lot that looked like a collection of "misfit toys" from the popular animated film. Today, a used car dealership strives to find low mileage quality cars with no history of accidents, abuse or stress in the car.
The certified pre-owned (CPO) BMW program is an example of taking the used car buyer seriously. BMW creates a certification checklist for all used cars have to pass to qualify as a CPO car. If a BMW is still covered by the original warranty and passes the list of CPO, BMW added a two years / 50,000 mile warranty in addition to the original warranty. As I learned about this program, I was surprised to see is BMW used car warranty you can get from a BMW dealership.
For example, if you bought a 2006 BMW 525i certificate used with 23,000 miles on a BMW dealer, there would be approximately three years left on original warranty. The three years that is based on the balance of BMW new car warranty, four years or 50,000 miles.
If you buy a used BMW 525i and BMW dealer who sold the car in the CPO program, which would receive mileage warranty as follows:
Remaining original warranty mileage: (50000-23000) = 27,000 miles
Mileage Warranty: 50,000
Full Warranty BMW uses a vehicle mileage: 77,000
That can drive the car 77,000 miles and still be in the BMW warranty program. If you do not drive long distances many also have a five year warranty on the car (3 years after the original warranty balance of new car + 2 years from CPO certification) so you can be sure that BMW used car delivered his many years of driving pleasure.
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