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Certified Pre-Owned Vehicles

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  • robr2robr2 BostonPosts: 8,576
    if a car is manufactured after the month of aug is it to be sold as the following years model ie; aug 2011 sold as a 2012 model.

    No. The model year is what the manufacturer says it is based on some parameters. What does the Monroney sticker say - the window sticker from the vehicle?

    If it's 2012, then there is an issue on the title and you need to get it fixed.
  • cadillacmikecadillacmike Posts: 543
    That was an over generalization, that I have found to be not true. Each of the last 4 CPO vehicles my wife and I have bought came with detailed inspection sheets where the brakes were all individually measured and the replacement parameters were clearly specified including the the tire tread depth, etc.

    I can't speak as to over due cooling flush requirements since all these were less than 2 years old (a couple were less than 1 year old, so that was was not required service. The last 3 even had new tires installed, that's always a plus with the cost of those W rated 18" 50 series tires being what they are.

    But everything else was reviewed, and you can be sure I looked at them. I also looked at the engine oil, to be sure it was just changed, etc. There was a scuff on the wheel of the last one, that they polished out for me when i brought it to their attention (no painted or clear coated wheels for me, chrome or machine polished only!)

    Of course these were all Cadillac CPO vehicles, and that might have had something to do with it. I've had no after sales service issues with any of them either, and the last 3 were not even bought at my local dealer. I had to hunt the cars down. I always looked there first, but i had specific requirements, that their "used car factory" couldn't produce.

    I'm pretty much off new cars now with the CPO programs being what they are (at least for Cadillac).
  • sandman_6472sandman_6472 Coral Springs, FLPosts: 3,101
    I wish i could get the wife to consider one of these for her next ride but she's intent on always buying brand new. From your experiences and others I know, they've also gotten great vehicles that look and perform like new with a great factory warranty for a nice discount. Sure, there are certain vehicles that new does make sense but for the pricier, nicer ones, this is a great way to go to get a better more lux vehicle for almost new. Hearing your experiences just makes me want to go that route next time out for me...I've always been an economy car driver but next time, I'm thinking a bit more upscale vehicle would be a nice change since it just possibly will be my last. Am torn though over this and am back and forth depending on the day I guess. Luckily I won't be in the market until 2016 or so...I have plenty of time here and am hoping by then that there is a much better selection of vehicles in the 180" and smaller vehicles as I don't want a big vehicle at all...even a mid sizer is a bit too large for me. And it'll have to have a power seat due to my spinal issues which is why an entry lux brand will probably be the choice I settle on. I deserve something a bit nicer now that I'm a bit older and the kids are almost all gone totally! I deserve it!! :)

    The Sandman :) :sick: :shades:

    2015 Audi A3 (wife) / 2015 Golf TSI (me) / 2009 Nissan Versa SL Hatch (daughter #1) / 2008 Hyundai Accent GLS (daughter #2)

  • cadillacmikecadillacmike Posts: 543
    Sandman, good luck in your search in a couple years. Who know what manufacturer offerings will be out there..

    High end US makes have suffered big drops recently in their first 2 years, so getting a new one makes no sense to me. The only downfall is you can't "order" a used car. I tried, but the the used car factory was all out of silver STSs with V8 and grey leather interiors. :P

    I didn't always buy CPO luxury cars. I've had my share of cavaliers, tempos and even contours over the years, but the high end makers have things better integrated. Cadillac now has an ATS (some of my body on frame jokesters say this means always too small")
    ;)
  • sandman_6472sandman_6472 Coral Springs, FLPosts: 3,101
    The more I read about this vehicle, the more I like it! The few I've sat in have had great seats and it's the perfect sized vehicle. Sure underneath it's a Chevy Cruze, but it's so much more...great job GM!

    The Sandman :) :sick: :shades:

    2015 Audi A3 (wife) / 2015 Golf TSI (me) / 2009 Nissan Versa SL Hatch (daughter #1) / 2008 Hyundai Accent GLS (daughter #2)

  • ohenryxohenryx Posts: 285
    edited July 2013
    I don't think I would like it (the Verano).

    In Edmunds performance testing, the Verano accelerated from zero to 60 mph in 9.0 seconds, which is slow for cars in this class.

    Now the turbo charged model, heck yeah! But then, the turbo is only available in the top trim level, with an MSRP of over $29k.

    Certified pre-owned models don't make a lot of sense in the current car market. Any late model used vehicle is insanely expensive. Qbrozen made a comment the other day that the Mustang GT he just recently purchased would sell at auction for more than he spent buying it brand new.
  • cadillacmikecadillacmike Posts: 543
    I disagree. It does depend on the car somewhat, but the makes with good CPO factory warranty extensions (luxury makes) remain very good CPO buys.

    Would you rather pay $76,000 for a new XYZmobile or $35,000 for a 2 year old CPO that still has 48 months and 90,000 miles on the factory / CPO warranty?????

    I know what I'm buying.
  • sandman_6472sandman_6472 Coral Springs, FLPosts: 3,101
    Depending on the make, I know to. Just hope the previous owner broke it in right and did the proper maintenance. I'd definitely trust a Buick cpo'd model and the more I see the vehicle, the more I like it!

    The Sandman :) :sick: :shades:

    2015 Audi A3 (wife) / 2015 Golf TSI (me) / 2009 Nissan Versa SL Hatch (daughter #1) / 2008 Hyundai Accent GLS (daughter #2)

  • ohenryxohenryx Posts: 285
    I will have to concede your point here, at least in regards to a Cadillac or similar expensive luxury car. A 3 year old CPO Cadillac is going to be a much better buy than a new one. I was thinking of more main stream cars, Chevy, Honda, Toyota.
  • Hi guys, i have moved in the Usa few years ago and when i arrived here i bought a BMW 328,2008, now it has 130k miles and i tried to sell it. Most of the interested customers asked if this car is certified and is it under warranty? So i don't know what to do, how to make my car certified and under warranty? Any help?!
  • qbrozenqbrozen Posts: 18,463
    It is 130k miles. The answer is NO. Even if it was BMW certified at some point, it would have expired long ago. I don't know of ANY manufacturer that covers certified cars past 100k.

    '14 CTS Vsport; '15 Fit LX 6-spd; '98 Volvo S70 base; '14 Town&Country Limited

  • I see. But i thought that some car services can provide me a certificate that my car has been inspected and it is in good condition.
  • qbrozenqbrozen Posts: 18,463
    a BMW dealer could certainly perform a PPI (pre-purchase inspection) for a fee and give you a printout that you could present to any potential buyers. Personally, I leave that up to the buyer to do. If someone I was buying from had it done, I might be suspicious that they have a friend at that particular dealership and its not on the up and up.

    '14 CTS Vsport; '15 Fit LX 6-spd; '98 Volvo S70 base; '14 Town&Country Limited

  • That's a good point.
    So to have in mind, i can just recommend that option to buyers in order to improve the value of my car.
    And can you give me some tips in order to gain the value of my car?

    Thanks :)
  • qbrozenqbrozen Posts: 18,463
    Yes, I usually strongly recommend to buyers they have a PPI done. I don't want to misrepresent the car in any way.

    On your end? To get the most for your car, it needs to be the best it can be. Detail the hell out of it, make sure everything works, and it has ZERO needs. A buyer will pay more if they think they can drive the car immediately without having to put any extra money into it.

    And if you want to increase your exposure, take at least 2 dozen high-res photos right after detailing and make a nice ad online with craigslist, enthusiast websites, and ebay local classifieds.

    '14 CTS Vsport; '15 Fit LX 6-spd; '98 Volvo S70 base; '14 Town&Country Limited

  • I have been thinking of buying pre-owned certified vehicle directly from a dealer (=factory warranty, not 3rd party extended warranty). My price range is around $14,000-17,000 for a sedan, preferably with a low gas consumption. The only thing I am afraid of is getting a CPO car and then realizing that their great-looking-on paper warranty coverage in reality has many exclusions, and I will have to pay for many repairs myself.

    I found out that Volvo received Best Premium CPO Program Award from IntelliChoice while Hyundai got Best Popular CPO Program Award for 2013. Volvo presence is very limited in our area so we have very few CPO cars available (besides, there is only one low priced model they have -C30); Hyundai I will look into, but I would like to have more options. I honestly do not understand why Hyundai was rated as having best CPO warranty when it seems like a lot of other car makers have the same type of warranty (according to Certified Pre-Owned Program Guide from cars.com website which compares "similarities and differences among 38 manufacturer Certified Pre-Owned programs")

    Do you personally have any experience with buying CPO cars? What brand would you recommend/not recommend and why? Thank you for your input!
  • Hi-

    Wanted to know what you guys thought about this deal. I'm looking to contribute in way I can. So will start off with my question: I am looking to buy a CPO 2012 BMW 328i Convertible it has 8710 miles on it and clean CarFax report with only one owner.
    It has the following options:
    - Premium package
    - Navigation with voice
    - Harman Kardon Music system
    - dynamic Cruise Control,
    - BMW Assist with Bluetooth
    - BMW Teleservices
    - iPod and USP adapter
    - Automatic Climate Control
    - Voice Command
    - Real Time Traffic Information
    - Run-Flat tires.
    - Dark Burl Walnut Wood Trim
    -

    The car is only sale for $36,888 with final walk-out price of $40,440. I like the features and the mileage and kind off really want this car. There is 2 years of manufacturer's warranty left and 2 additional years of CPO warranty. So the car will be under warranty till 2018. Is there room for negotiation on the price? I checked Edmunds TMV, Truecar, KBB it says the car is valued at 41K before tax, title, fees - with this configuration and mileage. It probably sounds too good to be true at the moment. This is in Florida. Please let me know if you guys think this is a good deal and if I can negotiate to bring the price down.

    Also for got to mention that the car has some minor scratches on the from right bumper that are visible. There are about 5-8 small scruffs and the salesman agreed that the car was ruffled a bit. There is no dent at all.

    Walk out price he gave me - and this is before I made any counter offer and walked out, still waiting to receive the CPO Inspection Sheet. : Price: $36888, total Fee: $1222.45 (this includes dealership fees of $699, Tax: 2311.01 = $40421.46.

    thanks

    T

  • Mr_ShiftrightMr_Shiftright CaliforniaPosts: 47,570

    Are we certain this is a real CPO car? I presume this is a BMW dealer? Some dealers will tell you they'll "certify" the car if you buy it, and then slap on a 3rd party extended warranty. There should be a CPO sticker on the car that tells you who is backing the warranty and who is issuing the CPO.

    Also, don't assume that you're getting an extension of the full factory warranty, even if it is genuine CPO from BMW. You are probably getting a full factory powertrain warranty but a limited extended warranty on everything else. Worth checking!

    MODERATOR --Need help with anything? Click on my name!

  • Yes. I made sure this is a real CPO, and it is a BMW dealer. The CPO is done by BMW and the remaining new-car warranty is about 2 years. I am waiting for them to send in the CPO Inspection Sheet as they just completed the Certification yesterday. BMW on their website has the inspection sheet which I plan to compare it with.

    When you say limited extended warranty do you mean the warranty that comes with the car after being certified -2 years in this case. I checked BMW's website and they have a linkto a pdf that tell us what is not covered in the CPO for cars retailed after Jan 1 2014. Are you referring to that?

  • Mr_ShiftrightMr_Shiftright CaliforniaPosts: 47,570

    Yes--often people mistake the 2 extra years as 2 years of FULL warranty, but that's not often the case. It could just be powertrain, or powertrain + limited. CPO doesn't always translate into "trouble free"--just because they check 200 things doesn't mean they replaced 200 things. Those are still 200 parts with mileage on them.

    MODERATOR --Need help with anything? Click on my name!

  • Got it!! I will make sure I check these things in detail. Do you have any inputs on the price here? I am also thinking of getting a PPI done from an independent shop.

  • steverstever Viva Las CrucesPosts: 44,982

    It's been mentioned in here before, but even with a CPO car, it's not that expensive to have an independent mechanic go over the "used" car. With a BMW, lots of owners prefer to use their own indy mechanic after warranty so a "PPI" (pre-purchase inspection) would be a good excuse to track one down if you don't have a shop in mind.

    Moderator - Minivan fan. Feel free to message or email me - stever@edmunds.com.

  • Mr_ShiftrightMr_Shiftright CaliforniaPosts: 47,570

    yeah a PPI is always good, to get it on a lift and check for collision damage, etc (carfax doesn't catch everything) and perhaps to anticipate future repairs.

    MODERATOR --Need help with anything? Click on my name!

  • carpersocarperso Posts: 16
    There is a 2014 kia optima with less than 10k miles at a local audi dealership. It is used however not certified. I asked the sales guy why it wasnt certified, and he told me that the car can only be certified by a kia dealership. The group that owns the audi dealership also owns a kia dealership across the road. The car is listed under blue book value. I was wondering why they couldnt transfer it to the kia dealership and certify it and sell it for more. I checked out the car and didnt find anything too wrong with. But then i am not a pro at these things. Also the car used to be owned by the sales manager at the groups VW dealership who traded that in for a new audi. Carfax seems clean. Is the sales guy telling the truth that they cannot transfer the car back to the kia and certify it?
  • Mr_ShiftrightMr_Shiftright CaliforniaPosts: 47,570
    Seems legit. They'd have to sell the car to the other dealership most likely. You could always have an independent body shop look over the car for a small fee if you are concerned about prior collision damage.

    MODERATOR --Need help with anything? Click on my name!

  • carpersocarperso Posts: 16
    Seems legit. They'd have to sell the car to the other dealership most likely. You could always have an independent body shop look over the car for a small fee if you are concerned about prior collision damage.
    Thank you for the reply. The car also has been up for sale for over two months which is also concerning considering its priced well. 
  • carpersocarperso Posts: 16
    What is the difference between a used with remaining factory warranty and a cpo. Is it just the 10 year power train warranty. I mean the remainder of the factory warranty should transfer to the new owner right? 
  • steverstever Viva Las CrucesPosts: 44,982
    edited August 31
    Yes, and that's one reason I saw today from a dealer as to why a car wasn't being offered as a CPO one. That was new to me. Here's the link.

    With a CPO car, in addition to a (sometimes?) longer warranty, you may get roadside assistance or free loaner cars when yours in the shop.

    Moderator - Minivan fan. Feel free to message or email me - stever@edmunds.com.

  • carpersocarperso Posts: 16
    stever said:

    Yes, and that's one reason I saw today from a dealer as to why a car wasn't being offered as a CPO one. That was new to me. Here's the link.

    With a CPO car, in addition to a (sometimes?) longer warranty, you may get roadside assistance or free loaner cars when yours in the shop.

    Thank you.

  • Mr_ShiftrightMr_Shiftright CaliforniaPosts: 47,570
    I think buyers also need to adjust their expectations about the advantages of a CPO---they are still used cars, after all, and I'm not so sure that the risk level for having trouble with the car is so dramatically lowered by CPO status.

    MODERATOR --Need help with anything? Click on my name!

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