[kosmokratur]

Hi everybody -

I'm puzzled. I saw a nice 2017 540i at an independent "luxury car specialist" not too far away. It has about 7000 miles and CarFax shows it as a lease return. I can't quite figure out why the dealer who received it at the end of the lease didn't keep it and CPO it. Does this imply there is something wrong with the car? Or, does BMW not want to provide an extended warranty on something with so FEW miles (causing it to be sent to auction)? Any speculation would be interesting

[Sophisto540]

Possibly had aftermarket modifications that would make it ineligible for CPO. A Dinan tune from the dealership would automatically kill any future attempts to certify as CPO.

[claykin]

Accident history, paint work, excessive wear, too much service history...

[PetieD 7]

Originally Posted by kosmokratur

Hi everybody -

I'm puzzled. I saw a nice 2017 540i at an independent "luxury car specialist" not too far away. It has about 7000 miles and CarFax shows it as a lease return. I can't quite figure out why the dealer who received it at the end of the lease didn't keep it and CPO it. Does this imply there is something wrong with the car? Or, does BMW not want to provide an extended warranty on something with so FEW miles (causing it to be sent to auction)? Any speculation would be interesting

Any tuning of ECU (or DME) would void the original factory warranty and therefore unable to CPO it. And, I don't think I would even want to purchase a previously tuned vehicle anyways...this is just my own preference though.

[440xiGCMSport2]

7000miles over a period of 3-4 years smells fishy to me.

[BMW-M550i-Dave]

Also some leases are not through BMW but through private leasing companies.

[ArchJR]

When a dealer accepts a lease turn-in, it has the option of buying the car from BMW FS or sending it back, where it typically goes to auction. The particular dealer would pass if it has too much inventory, the margin doesn't work, wear is significant, or the car does not look like an easy sell based on color or options.

The 5-series has some of the worst depreciation in the industry, so there may not be enough margin between the dealer's buyout cost and anticipated CPO transaction, especially for a 2017 model when so many 2018 leases are coming back.

[kosmokratur]

This one was originally from NYC, which I think explains the low miles (a date-night car or whatever). It also fits with the private leasing co, scenario; I understand that's very common there.
This one is pretty well loaded and is advertised at $45K (which I'm guessing is too much). Trying to suss out how suspicious it is.

I think I see the problem... it failed its NY State emissions inspection. Not sure how a car with such low mileage fails, but there it is.

[SteveinArizona]

Originally Posted by kosmokratur

This one was originally from NYC, which I think explains the low miles (a date-night car or whatever). It also fits with the private leasing co, scenario; I understand that's very common there.
This one is pretty well loaded and is advertised at $45K (which I'm guessing is too much). Trying to suss out how suspicious it is.

I think I see the problem... it failed its NY State emissions inspection. Not sure how a car with such low mileage fails, but there it is.

I am not replacing my 2018 530e with 26K miles but my dealership keeps sending me letters offering me shy of $30K for a trade-in on a car with an MSRP of $73+K. I am planning on keeping my car for another four years (one more year of BMW warranty, 3 more years of GEICO MBI). But my point is that the offer on a NY car (lots of road salt, etc.) that failed emissions for $45K on a 2017 is a truly bad deal. I would not walk away...I would run away.

[PetieD 7]

Originally Posted by kosmokratur

This one was originally from NYC, which I think explains the low miles (a date-night car or whatever). It also fits with the private leasing co, scenario; I understand that's very common there.
This one is pretty well loaded and is advertised at $45K (which I'm guessing is too much). Trying to suss out how suspicious it is.

I think I see the problem... it failed its NY State emissions inspection. Not sure how a car with such low mileage fails, but there it is.

In addition to my other post regarding tuning, the previous owner/leasee most likely installed catless downpipe and/or modified the exhaust system which might triggered CEL and caused some form of emission issue(s). Just my small $0.02.

[LuvMyE92]

I don't understand why all of you guys think this car has been tuned. Did I miss something?

I concur with ArchJR

[crypto]

Originally Posted by LuvMyE92

I don't understand why all of you guys think this car has been tuned. Did I miss something?

I concur with ArchJR

Everyone loves to speculate.

I'll add a new theory -- there was a violent robbery/homicide in the vehicle and it's haunted.

[kosmokratur]

True enough on the salt, but most of the xDrive ones I've seen are in salt country.

[hlothery]

Originally Posted by LuvMyE92

I don't understand why all of you guys think this car has been tuned. Did I miss something?

I concur with ArchJR

I would, too....except, it failed it's emissions inspection. That's what makes me think it is/was tuned and/or exhaust modified.