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Extended Warranties Vs. Certified Used Car Programs

Edmunds.comEdmunds.com Posts: 10,059
edited May 2015 in General
imageExtended Warranties Vs. Certified Used Car Programs

When buying a certified used car, you are really getting value in two ways. First of all, you are buying a car that has been thoroughly inspected (assuming that all the inspections promised in the program have been properly carried out). Beyond that, if the vehicle breaks down while it is still under the warranty that comes in the program, it will be repaired free of charge.

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Comments

  • LINCOLN DOES NOT BACK THE CPO program. My Great Grandfather had one of the first Ford dealerships in this country and I am ashamed of how Lincoln can sell a CPO vehicle and then not back it AT ALL.
  • ae1606ae1606 Posts: 7
    Warning to BMW buyers: BMW has thrown in the towel on their vehicles as credible long-term products. Go to this link from their website http://www.bmwusa.com/Standard/Content/CPO/Warranty.aspx , look about half way down to "See what is not covered for CPO vehicles retailed on or after 1/1/2014". The "not covered" list includes things like door locks, sunroof, electronics, bushings, struts, tie-rods, headlights, door handles, water leaks (not a joke), mounts (as in transmission and engine mounts, not a joke), light bulbs, interior dashboards (not a joke) and on and on. If your dash-board goes dark and it's not covered, what's the point behind "CPO" again? Seems kind of important. What's worse, BMW used to sell policies for $1,500-$3,000 allowing you to upgrade their CPO "warranty" effectively to bumper-to-bumper coverage. They no longer do this. Some dealers try and get around it by working with third party insurers but the prices are staggering and that's because these are PRECISELY the things that often fail on BMWs inside 60k-70k miles. I've owned 5 BMWs, have LOVED driving them, love the cars but have had chronic quality problems with all but one of them. Wonderful cars to drive but the changes to the CPO warranty and the lack of supplemental policies seems to be a clear flag that declining BMW quality makes these vehicles more toys for enjoyment rather than also being reliable vehicles for transportation.
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