In my area a CPO camry with 200 to 3,000 miles on them is about $2,500 less than a new one. Do you think that it’s a smart buy to get a certified vehicle or should I not take a chance and buy new? Thanks.
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I’d do a CPO in a heartbeat. Depending on how long you will drive this, I’d also highly recommend the Toyota Platinum Wrap policy that you can ONLY buy on a CPO at the time of purchase. It can effectively give you full bumper to bumper warranty for 100k from the time you buy the vehicle.
I have a Toyota factory warranty until 165k miles thanks to this.
I’d imagine many of the CPOs at that mileage range are cars returned from owners who wanted something else or lemon-lawed cars. But Carfax them before buying.
or loaners for cars being repaired.
or the shuttle car. or the sale managers personal car he trades in every 4k miles.
I’m betting that’s the service or sales manager’s loaner, or someone on the dealer lot personal car, and they trade it in every 3k miles or so.
sure. probably got a detail
My local dealer only sells at MSRP new, but they started leasing and immediately turning in the cars so they could sell them as CPO over MSRP with 10 miles on the odometer. Basically, it’s a brand new car with a better warranty.
If the difference is $2500 - and if you were to finance - you need to look at the interest rates. Even if you have a perfect credit score, the best rate you’d get for a Toyota Certified Used Vehicle will most likely be higher than a new one, to the point where your overall financed amount may be more than if you were to buy a new one. Ask your salesperson to run both options for you in smartpath to see what your situation would look like.
The certified stuff is always bullshit. But 2,500 is worth the savings to me.
7 years/100,000 mile power train warranty if I’m correct on CPO through Toyota
The CPO inspection is completely up to the dealer and technician. Some will legit go through the checklist; others half ass. Use your trusted mechanic and walk through the vehicle together; and best if he can lift it so you can check underneath.