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I have had a couple of CPO cars. However, that was back when new BMWs came with four years of warranty and maintenance and the CPO program gave you an almost new car for quite a bit less than a new price. When I recently needed another car, the prices on two-year-old models were too close to new, so I ordered what I wanted. The five month wait was not a problem, otherwise this might not have worked for me.
The CPO program worked well for me. Just didn't make sense for me with today's market.
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