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Moving From W221 to W222, CPO Questions...

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Moving From W221 to W222, CPO Questions...

 
Old 12-09-2014, 06:18 PM
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Moving From W221 to W222, CPO Questions...

Hey guys...

So after a texting driver hit and totaled my beloved W221, I figured now is the time to get into a W222. After weighing options (new vs. used) I'm currently looking into the CPO program and feel that is the best route for me based off the extended warranty alone.

My question to you guys is...what advice do you have for purchasing CPO? Not really sure if there is any dealing involved as this will be my first CPO purchase but is there anything I should know before headed in there? Looking to buy relatively quickly and figured I'd come here and see if anyone has any advice regarding purchasing a CPO car.

Thanks in advance!
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Old 12-09-2014, 07:05 PM
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I don't know how much of a depreciation hit these cars would take at the moment being so new, and I certainly like to buy used and benefit from that hit, but the last couple vehicles I bought were brand new because the price difference from a year old vs a brand new was only a few grand, and to me the peace of mind of owning a brand new one, and breaking it in correctly, knowing the PO didn't do a few brake stands on the way to trade it in is worth it. Keep in mind my last new vehicle was only $55k, so again I am not sure the difference in a new S, but I would surely look at the prices and try and feel out the differences. As for dealing, you should be able to do that with any car new or used. They will usually always drop from their asking price, but sometimes they will take a hard line if they think they can.
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Old 12-09-2014, 07:32 PM
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Originally Posted by AMikeG View Post
Hey guys...

So after a texting driver hit and totaled my beloved W221, I figured now is the time to get into a W222. After weighing options (new vs. used) I'm currently looking into the CPO program and feel that is the best route for me based off the extended warranty alone.

My question to you guys is...what advice do you have for purchasing CPO? Not really sure if there is any dealing involved as this will be my first CPO purchase but is there anything I should know before headed in there? Looking to buy relatively quickly and figured I'd come here and see if anyone has any advice regarding purchasing a CPO car.

Thanks in advance!
Low miles and always get the VMI
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Old 12-12-2014, 11:17 AM
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I'd guess most of these things are leased, so the CPO choices are probably fairly pretty limited right now.

The best deal is the 3 year old off lease car. Most owners are up there in age and aren't abusing these things.
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Old 12-12-2014, 05:17 PM
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CPO might not matter at this time for W222 unless it is a high mile vehicle. The remainder of the original 4 year, 50,000 mile warrantee still applies and offers better coverage than CPO. CPO coverage is only for one year but it does not have the 50,000 mile limit.
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Old 12-12-2014, 07:04 PM
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From what I understood the CPO warranty starts once the 4/50k has been reached. You can also purchase an extra 2 years to make it 3 yr/unlimited miles after the 4/50k.
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Old 12-14-2014, 09:39 AM
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Originally Posted by AMikeG View Post
Hey guys...

So after a texting driver hit and totaled my beloved W221, I figured now is the time to get into a W222. After weighing options (new vs. used) I'm currently looking into the CPO program and feel that is the best route for me based off the extended warranty alone.

My question to you guys is...what advice do you have for purchasing CPO? Not really sure if there is any dealing involved as this will be my first CPO purchase but is there anything I should know before headed in there? Looking to buy relatively quickly and figured I'd come here and see if anyone has any advice regarding purchasing a CPO car.

Thanks in advance!
On a few occasions I've seen 2014's sell used for practically what I paid for my '15. In general you can expect to save $5-10k over buying a new 2015 for a low mileage car. I would just go new at that point....
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Old 12-15-2014, 06:19 PM
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Definitely get new. The prices (from what I have seen) aren't that different and you get a car that you know hasn't been beat on. Just my 2c.
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Old 12-15-2014, 06:31 PM
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Originally Posted by emilner View Post
On a few occasions I've seen 2014's sell used for practically what I paid for my '15. In general you can expect to save $5-10k over buying a new 2015 for a low mileage car. I would just go new at that point....
Originally Posted by EeFiftyFive View Post
Definitely get new. The prices (from what I have seen) aren't that different and you get a car that you know hasn't been beat on. Just my 2c.
After more consideration, that is exactly what I thought. I will be picking up my new '15 this weekend. Thanks for all of the help guys, much appreciated.
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Old 12-18-2014, 04:03 AM
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If you can get $5 to $10K off of the better discounts that are being shelled out for W222's, a very low mileage CPO might be a very smart choice due to getting the extra warranty. There's nothing like a brand new car and being the only one responsible for it, but if it checks out physically and is pretty much brand new, could be worth it.
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Old 12-18-2014, 09:03 AM
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Originally Posted by K-A View Post
If you can get $5 to $10K off of the better discounts that are being shelled out for W222's, a very low mileage CPO might be a very smart choice due to getting the extra warranty. There's nothing like a brand new car and being the only one responsible for it, but if it checks out physically and is pretty much brand new, could be worth it.
Why pay almost the same amount for a used 14 vs a new 15?
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Old 12-18-2014, 04:35 PM
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Originally Posted by emilner View Post
Why pay almost the same amount for a used 14 vs a new 15?
Oh yeah, 14 vs 15, no way, especially since '15's seemed to come out so soon to try to work out some early kinks. But if it's '15 vs '15. Though I'd imagine it'd be really hard to find CPO '15's right now.
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