Value of CPO
I would definitely buy a CPO car if the premium they are charging isn't crazy. IMO I don't think a CPO should be 10% more. It doesn't cost the dealership that much.
I would definitely buy a CPO car if the premium they are charging isn't crazy. IMO I don't think a CPO should be 10% more. It doesn't cost the dealership that much.




Also, it depends on how much you drive. For me, I drive at least 2K miles/month just for work. So I'd eat up my factory warranty pretty fast. Buying a low mileage CPO let me buy a practically new car at a steal of a price (original owner took the bulk of the depreciation by buying it new), and I have the remainder of the factory warranty + 1 year CPO warranty, which is unlimited mileage, and the option to extend the CPO warranty (also unlimited mileage) for an additional 2 years (costs about $3500, IIRC). So that's a steal IMO, given my circumstances.
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I've never purchased a pre owned car in my life but if I did it would need to be CPO. Not because I would "live in fear", but because it simply meets a quantifiable standard. If one can't afford the price of a CPO then maybe the car isn't the right one for them.
I've never purchased a pre owned car in my life but if I did it would need to be CPO. Not because I would "live in fear", but because it simply meets a quantifiable standard. If one can't afford the price of a CPO then maybe the car isn't the right one for them.
https://www.cars.com/vehicledetail/d...3295/overview/
https://www.cars.com/vehicledetail/d...3295/overview/




If the vehicle was traded in to the dealer (or chain of dealers) that currently has it, that's a reasonable and safe reason.
If the vehicle was traded in/sold to a dealer of the same brand/marque, and it ends up at a non-same brand/marque, not always, but mostly, it's due to there being issues/damages in that vehicle that make it not financially advantageous for the dealer to hold onto the car, so they put it up for auction, and another dealer will acquire it. Could simply be something like mileage, or something bigger like accident history, cost to bring it up to dealer standard for resale, etc. If the vehicle is an easy well/adequate margin, they would obviously hold on to it otherwise.
If the vehicle was traded in to the dealer (or chain of dealers) that currently has it, that's a reasonable and safe reason.
If the vehicle was traded in/sold to a dealer of the same brand/marque, and it ends up at a non-same brand/marque, not always, but mostly, it's due to there being issues/damages in that vehicle that make it not financially advantageous for the dealer to hold onto the car, so they put it up for auction, and another dealer will acquire it. Could simply be something like mileage, or something bigger like accident history, cost to bring it up to dealer standard for resale, etc. If the vehicle is an easy well/adequate margin, they would obviously hold on to it otherwise.




(or am I completely missing something here ?)
https://www.cars.com/vehicledetail/d...3295/overview/
That's another reason to only buy new or CPO....I love CPOs.
(or am I completely missing something here ?)
(or am I completely missing something here ?)




