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It costs a lot more. I have a used Lexus RX that I bought at Carmax. I spent way too long inspecting every picture once I figured out the colors and options I wanted, but the price (2 years old with 19k miles) was way, way less than the CPO from Lexus. I mean like 5k+. I opted out from getting an extended warranty anyway since there was so much left on the manufacturer warranty but that said the CPO was only up to 100k, so it really doesn’t add much for a car I’d expect to last way longer.Andy Dufresne said:
I just bought a CPO 2018 Honda Pilot Touring w/16k miles on it. Now, mine was CPO'd by the dealership not Honda. So, in my case, honestly I had been shopping for a few months now and I kind of stopped paying attention to CPO'd or not and focused on the vehicle I wanted, under a certain mileage number under a certain price. So, in my case, I wanted the newest Pilot, MDX or Highlander in the best condition, lowest miles for under $35k and I really didn't care if it was CPO'd or not but I thought it was a nice bonus that mine was. My Pilot had a dealership asking price of $36k, I negotiated over the internet for $33k, I think it was a fair price, not horrible, not great but I was okay with it.Andy Dufresne said:
Nice. I’m into Toyota’s more so than Honda’s but both are in a class by themselves when it comes to value in a vehicle. Stay on maintenance and you can’t go wrong with the investment
If you are looking into a used Toyota as I was a few years back, a Tundra specifically, there is a Toyota owners portal that records all service and repairs done on a vehicle by a dealership from the day it left the lot.
My Fords have had fewer problems, lasted longer and didn't rust out like the Toyota. Currently own a 2017 Escape that has had no issues and a Ford Mustang with 144,000 miles that had only one repair that was less than a $100.
Yes had both Ford and Toyota that lasted well over 150k. The main issues I had with Ford and all big 3 in general were paint quality and interior quality. Over time, they really didn't hold up as well. But the Ford engines and drivertrains were rock solid. I can't say the same for Dodge/Chrysler or GM and honestly would never buy or lease any of their brands again.
Thanks I'm looking at SUVs with decent cargo space. Mainly since like a lot of others, I expect to fly a lot less now but will still need to travel at times for work for extended stays and take a lot of gear with me. I've settled on a few different models with at least 75 cubic feet of storage with all seats folded flat. I really like the Mercedes GLE and wanted to go luxury with utility, but I also keep coming back to the 4Runner even though that platform is ancient and it gets terrible MPG. Because I love Toyota and that brand has never let me down. I looked at the Highlander too but I didn't really like it. And I can't get past the front spindle grill on the Lexus SUVs. I know they are trying to appeal to a younger crowd but the design is universally hated by all age groups, yet they keep doubling down on it.
Don’t disagree on the look of the Lexus SUVs. We own a ‘16 4Runner, only car I’ve purchased new and it’s primarily because we were looking at ‘14’s with 35-40k on them and at the time, in February of ‘17, they wanted $30k for the ‘14’s and $36 for the leftover ‘16. No brainer. I immediately swapped out the pizza cutters for an aftermarket wheel tire setup that sits with a more aggressive stance. Made a huge difference in the look and after selling the new stock tires and rims I was out $300.
I figured as much. However, this is a mom and pop shop and the car has been on the lot for at least two months.
Yes, I get that. I was just wondering if anybody had inside knowledge as to how much of a profit is usually built in.
