I just bought a CPO e39, an '03 with 23k miles.
Did I pay a premium to get the CPO? Sure, and probably right around ~$3500 vs what I could have bought the car off someone on the street.
But BMW's own extended warranty for the same term costs ~$2300 (or more if you buy it from a dealer that gouges). Additionally, my e39 has brand new tires (including the spare) put on by the dealer as part of the CPO, so I don't have to spend ~$1000 in the next few monts for new tires. And I didn't have to scour adds and find the right car. If the dealer hadn't had that e39 at the time, I would have waited (and probably ended up with something else in 6 months)
Sounds fair to me. And now I have a car that has 4 years and 77k miles remaining on its warranty.
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