Hey, found you on YouTube and love your content & takes. I'm in the market for a vehicle & I know you hate BMWs but I really like the look of the M4s & have driven my neighbors M car and loved it. Local dealership has a 2024 certified pre owned M4 Competition with 2800 miles on it. Owner couldn't afford the payments anymore. Dealer is offering an unlimited warranty until 2028 with no mileage requirement for $84,450 pre tax & fees. Previous owner was rear ended in parking lot, the accident was reported on Carfax and is listed as minor. Dealer swears damage was cosmetic (it's been fixed now). Is this a good deal? I can't find a KBB price because it's a 2024. Have BMWs reliability gotten better? Dealer says they have, seen some articles on the Internet say they have too but I don't know if I believe them.
Almost forgot to mention that the vehicle was spec'd very high. Previous sales price was $101,200. Owner added tinted windows, BMW CSL grill, a rear diffuser, carbon fiber shifting panels, & some other carbon fiber vanity upgrades.
Dealer swears damage was cosmetic
Don't believe anything dealer tells you. Most of them would rip off their own grandmothers without giving it a second thought.
What are the terms of the "unlimited mileage warranty"? Is it from the manufacturer, from the dealer, or a warranty company? Especially if one of the latter you will probably find the fine print lets them weasel out of coverage on flimsy pretexts. If the warranty is through the dealer they will no doubt require that you have expensive services done by them, including "dealer suggested" items not required by BMW. Miss the service and void the warranty.
The reason that Scotty dislikes modern BMWs is that they use a lot of cheap plastic parts in the engine that are prone to failure and cost a fortune to repair. In general they turn into money pits. If you won't be keeping it more than a few years this may not be an issue, but if you plan to keep it long term be prepared to spend a lot of money on repairs and maintenance. (This is not a problem for some people but for many it would be.)
You really need that thing gone over with a fine tooth comb by a good mechanic familiar with BMWs before purchase. If the dealer won't let you do that don't just walk away, run away.
This was super helpful. Warranty is from the dealer not the manufacturer haven't even seen the fine print but I know how bad dealers are..What you just said is enough for me not to take the deal honestly. Since I've never owned a BMW the warranty matters to me. I can afford the maintenance but I don't like to feel like I'm getting ripped off & was worried about it not being new..thank you very much!
Definitely best to stay away from that deal, between the questionable collision damage and worthless dealer warranty the probability of disaster is quite high.