Quote:
Originally Posted by P1et
This is so confusing. I was under the impression that if a car was CPOd before January of 2014, that the "old" rules would still apply. Only car CPOd on or after January 1st, 2014 would be CPO if it's purchased from a BMW dealership.
Right?
In other words, if I buy a 2011 X5 that was CPOd in 2013 but I buy it in 2015 from a Dodge dealership, it would still be CPO, right?
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The car isn't considered "CPO"'ed until it is sold to a customer -- until then, it is only CPO-eligible (meaning, dealer does inspections and makes sure the car meets CPO standards). The CPO loop never closed here because it was never sold to a customer. So, this car never carried a CPO to begin with.