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Reply to "I'd like to buy a certified pre-owned vehcile"
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[quote=Anonymous]To my way of thinking, the Certified Pre-Owned designation is a way of saying (1) the dealer has run through a bunch of prescribed checks and (2) because of this they provide a certain level of extended warranty. About 8 or 9 years ago I was looking at 3 year old Lexus CT 200h models. The magic number there is 3 years because a lot of cars come off lease after 36 months. I scanned the area dealers (VA and MD) and could compare the CPO market to the non-CPO market for what appeared to be otherwise nearly identical cars. My takeaways, based on advertised prices, were (1) you are charged a premium for the CPO designation and (2) some dealers added a substantially higher premium for their CPO cars than other dealers. Again this was based on advertised prices. My recommendation is to look around at the prices for the year/make/model of interest to see if you find similar patterns.[/quote]
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