F60 2018 CPO...good idea?
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Join Date: Oct 2012
Location: Colorado Springs, Colorado
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2018 CPO...good idea?
Hello,
I'm looking at doing a trade-in on my 2014 Countryman S All4 that has 96,000 miles on it for a pretty well loaded CPO 2018 Countryman S All4 that has about 9,000 miles on it (dealer loaner). They are asking $35k for it. I'm wondering if anyone has any advice on doing a CPO purchase through MINI (Schomp MINI Denver in this case). Anything to look out for? As they are a "one price" dealership it sounds like there is no negotiation on the price....just curious if that is really the case. I put on about 24,000 miles a year so the fact that they offer a 5 year unlimited mileage warranty on a CPO purchase is very attractive to me. I can get the new car financing through MINI, but can't get my USAA discount as they say USAA only counts for brand new MINI's...so is it new or used? Anyway, I'm just looking for any advice. Thanks!
I'm looking at doing a trade-in on my 2014 Countryman S All4 that has 96,000 miles on it for a pretty well loaded CPO 2018 Countryman S All4 that has about 9,000 miles on it (dealer loaner). They are asking $35k for it. I'm wondering if anyone has any advice on doing a CPO purchase through MINI (Schomp MINI Denver in this case). Anything to look out for? As they are a "one price" dealership it sounds like there is no negotiation on the price....just curious if that is really the case. I put on about 24,000 miles a year so the fact that they offer a 5 year unlimited mileage warranty on a CPO purchase is very attractive to me. I can get the new car financing through MINI, but can't get my USAA discount as they say USAA only counts for brand new MINI's...so is it new or used? Anyway, I'm just looking for any advice. Thanks!
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#4
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The issue is the mileage I put on it....I put 24000, to 25000 per year on my current Countryman. That warranty is nice to have in my back pocket if/when something goes wrong....which with my luck it will. None the less, you are correct about it being just a few grand more for a new one. In fact if I wait a few months I'm sure they will have another sale that could bring it down to fairly even. Still, I'll burn through the warranty on a new one in 2 years.
I need to telework more!
#5
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I figured I would try to get it down lower, but Schomp claims to be a "one price" dealership where they don't dicker. They set the price and that is what you pay. The sales guys aren't paid on commission. None the less I'll ask. They actually have 4
The car has The Premium Package, Technology Package, Convenience Package, Wired Package, Automatic transmission (only negative), auto dimming interior and exterior mirrors, and Sirius. MSRP is $40,450...no destination charge.
#7
I’m in exactly the same boat as it pertains to mileage.
One detail they tend to leave out is that while you have unlimited miles, the warranty expiration date remains the same. For example, the original date was Mar 2020, the warranty will expire on that date regardless of the miles. Push them on this issue and verify what I’m being told.
I can get USAA as well, but you should still get the discount if it a car that has never been registered - it should still be a new car in USAA’s eyes.
One detail they tend to leave out is that while you have unlimited miles, the warranty expiration date remains the same. For example, the original date was Mar 2020, the warranty will expire on that date regardless of the miles. Push them on this issue and verify what I’m being told.
I can get USAA as well, but you should still get the discount if it a car that has never been registered - it should still be a new car in USAA’s eyes.
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#8
Join Date: Oct 2012
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I’m in exactly the same boat as it pertains to mileage.
One detail they tend to leave out is that while you have unlimited miles, the warranty expiration date remains the same. For example, the original date was Mar 2020, the warranty will expire on that date regardless of the miles. Push them on this issue and verify what I’m being told.
I can get USAA as well, but you should still get the discount if it a car that has never been registered - it should still be a new car in USAA’s eyes.
One detail they tend to leave out is that while you have unlimited miles, the warranty expiration date remains the same. For example, the original date was Mar 2020, the warranty will expire on that date regardless of the miles. Push them on this issue and verify what I’m being told.
I can get USAA as well, but you should still get the discount if it a car that has never been registered - it should still be a new car in USAA’s eyes.
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