The growth in used car marketplace has been accelerating each year as American's appetite for leasing new cars outstrips historical trends of purchasing cars with four and five year car loans. The move towards leasing creates a predictable cycle of used cars hitting the market. Most leased cars are returned to the dealer within 24 and 36 months from the origination date of the lease.
The leasing phenomena has changed the dynamics of the used car marketplace by injecting quality pre-owned cars that often have low mileage and excellent service records. Many readers may remember the days when a used car lot looked like a collection of "misfit toys" from the popular animated cartoon movie. Today, a used car dealer strives to find quality low mileage cars with no history of accidents, abuse or stress to the car.
The certified pre-owned (CPO) BMW program is an example of taking the used car buyer seriously. BMW created a certification checklist that all used cars must pass in order to be qualified as a CPO car. If a BMW is still covered by the original warranty and passes the CPO checklist, BMW adds a two year /50,000 mile additional warranty to the original warranty. As I learned about this program, I was amazed to see resulting BMW used car warranty you can get from a BMW dealer.
For example, if you purchased a certified used 2006 BMW 525i with 23,000 miles from an Authorized BMW dealer; there would be approximately 3 years left on the original warranty. The three years is based on the balance of the BMW new car warranty; four years or 50,000 miles.
You can drive the car 77,000 miles and still be under the BMW warranty program. If you don't drive many long distances, you would also have a five year warranty on the car (3 years from balance of original new car warranty + 2 years from CPO certification) so you can rest assured that your used BMW vehicle will deliver many years of driving pleasure.
When buying a BMW used car or any used car, research the warranty programs from each manufacturer. With an ample supply of quality pre-owned BMW Cars on the marketplace, it pays to buy the car from an authorized BMW used car dealer. Sellers on popular auction sites may have a slightly better purchase price, but what is the cost of downtime, repairs and service that an additional 50,000 miles could bring to your BMW used car?
The BMW is a very popular car brand especially to sales representatives. The outside lane on the UK motorways got nicknamed the BMW lane because there will always be a BMW in your rear view mirror. So how does BMW do it? How do they get a car to be so popular and most of all hold a lot of its value?
BMW are a German based car manufacturer and right from day one they over engineered their cars they kept things simple and they built a reputation on good service and reliable cars.
BMW has a look at them that is similar to the Porsche in the sense that they have kept the same look right from day one and this is because it worked and it worked very well. The grill and the round head lights is how people recognise the BMW.
They seem to have managed to capture the executive market this is reflected in the sleek styling the subtle styling that shouts class but yet can be very discreet at the same time which is something many other car manufacturers have not managed to do.
The build quality of BMW is second to none and the German engineering far exceeds many other car manufacturers. A car that has done 100,000 miles is seen to be a little over the hill but a BMW there is often three times that left in them. They just seem to keep going and going.
The new BMW just keeps getting better and better and with the every increasing performance figures they are a family car with the performance and handling of a sports car. A lot of my friends parents at school had BMW's and they were seen to have cool cars and even to this day saying that you own a BMW has a ring about it that not only gives you great taste in cars but shows to the world that you are at the top of your game.
You see along with great build quality, sleek styling and the image that goes with owning a BMW these are just a few of the reasons why BMW's do not lose money or when they do its very little. There is a lot of BMW Cars for sale and they will still be pretty expensive compared to a similar car of the same age.
