Gl450 CPO vs lease
10-18-2016, 02:47 PM
#1
Gl450 CPO vs lease
Hi all,
To keep the cost low and still be able to drive a GL450, I can either buy the CPO or lease a new GLS.
I usually would like to lease German cars, but leasing a $80,000 car is over my budget, so that leaves me with CPO.
Can someone explain what the warranty covers and if buying a CPO is advisable?
To keep the cost low and still be able to drive a GL450, I can either buy the CPO or lease a new GLS.
I usually would like to lease German cars, but leasing a $80,000 car is over my budget, so that leaves me with CPO.
Can someone explain what the warranty covers and if buying a CPO is advisable?
10-18-2016, 03:29 PM
#2
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2014 ML350 2w, 2017 GLS550, 1967 Pontiac GTO 4 sp
This is an edited response I gave to a similar question. I hope that someone will jump in based on my understanding. We bought a '14 CPO with 30k on the clock. Because it's a CPO, we got an extra year of bumper to bumper, with unlimited mileage. Here's a photo showing that from my Mercedes me site.
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The car went into service March 2014 so the bumper to bumper goes to March 2019 with unlimited mileage.
We were told at the time of purchase that we could extend the bumper to bumper for 2 add'l years to March 2021 for $3,500.00. If we didn't buy then, it would cost an add'l 15% to buy it prior to March 2019. As far as I can see, this is all bumper to bumper, so the coverage is just as if it was new. Again, hopefully someone better-informed will confirm this view or set me straight.
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. The car went into service March 2014 so the bumper to bumper goes to March 2019 with unlimited mileage.
We were told at the time of purchase that we could extend the bumper to bumper for 2 add'l years to March 2021 for $3,500.00. If we didn't buy then, it would cost an add'l 15% to buy it prior to March 2019. As far as I can see, this is all bumper to bumper, so the coverage is just as if it was new. Again, hopefully someone better-informed will confirm this view or set me straight.
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10-18-2016, 10:11 PM
#4
Super Member
CPO
Cant answer you question about the cost benefit of lease vs CPO but I purchased a 2015 ML350 . It basically gives you another year on the original warranty i.e. 4 years 50,000 miles but adds on one year with unlimited mileage. You will need to check with the dealer on the original in service date which establishes the 4 yr/50,000 and then add one year to it. One thing to remember on this and it could be a gotta, if you exceed 50,000 before the 4 years, the extra year begins when you pass 50,000 miles.
What you could do is pre purchase a maintenance package either two or three services which you can do anytime the vehicle is still under the original 4yr/50,000 warranty. There are some tricks to this which you can find on this site. The idea being that since the price of a package is the same, no matter what service you use, i.e. A or B, you want to use it on the expensive maintenance times, i.e. use it for a B, then A, then B since the Bs are more expensive and use it on the Bs that include major maintenance like spark plugs and trans mission flush, which I think is 60,000 but not sure.
What you could do is pre purchase a maintenance package either two or three services which you can do anytime the vehicle is still under the original 4yr/50,000 warranty. There are some tricks to this which you can find on this site. The idea being that since the price of a package is the same, no matter what service you use, i.e. A or B, you want to use it on the expensive maintenance times, i.e. use it for a B, then A, then B since the Bs are more expensive and use it on the Bs that include major maintenance like spark plugs and trans mission flush, which I think is 60,000 but not sure.
