Certified Pre-Owned Cars - Are They Worth It?
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- Опубликовано: 3 окт 2019
- The term "certified used car" is supposed to mean a used car that's in well above average condition, has had extra servicing to put it in tip top shape, with a warranty similar to a new car. That's why certified used cars are rising in popularity. But, not all certified programs are the same. So, come along as our FYI reporter Stephanie Hart explores the ins and outs of buying certified.
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“Throughly inspected” is a stealership lie, with all of the cars dealership mechanics see everyday, it will never be as through as a third party mechanic you trust as a friend/family.
ofc its best to go to a trusted friend/family than a stranger for advice... as long a they know what they are talking about... vs trolls using mindless memes like stealership... that proves the user has nothing of value to say and they are a moron...
I went to several dealerships and some tried to charge to have it pre-certified and others had cars that look like crap. I said hell no, you’re paying for that and walked out
Certified car cost more since they come with add-ons like warranties.... If you want nice new looking cars then dont go to dealer selling the cheapest crap on the market...FLMAO... at what some ppl bitch about...
If you go CPO with say Kia/Hyundai/Acura you can get the 7-10 year/ 100k warranty from the manufacturer.
Thanks 👍
What kind of filter does Motorweek use?! Looks like it was filmed 20 years ago.
Agree 😂
true, they need a filter for mindless trolls 😂
🤣😂🤣 So it's not just me who noticed.
What the hell are you talking about? Are you saying something isn't current unless you can count every single pore and wrinkle on a persons face? Please!
Lol
Very misleading, I work at a BMW Dealership and although tires and brake pads are not covered by any warranty as they are wear items, if they are worn more than 50% they are automatically replaced. The process of reconditioning these vehicles is very meticulous and the manufacturer actually sends a rep to inspect these vehicles and verify that it is being done to their standards.
Thanks for that knowledge, Jorge. I'm thinking about purchasing a CPO MB S Class and this makes me feel better since the vehicle will cost me at least $35k.
CPO that isn't manufacturers certified is a TOTAL SCAM.
I'll take my chances 😉, some peeps lease for 3-4 yeers then it goes on sale 40% off the original MSRPee
Except my mechanic can tell me all the crap models and crap engines. Which the dealership WON'T DO. Saved me from looking at a van with a nightmare engine that I could have wasted money on JUST THIS MORNING. All i need to do is call him and he'll tell me what ones are known crap heaps. Not something your chrysler or chevy dealership is going to do.
Im looking at CPOs that over 70% off the original MSRP
Is Ford CPO a scam?
Yes. Have it inspected by a mechanic you trust. The last certified pre-owned car I bought had a black air filter with a mouse nest in it. Eventually it threw a rod through the block. It was a Toyota Tacoma with 60k miles. Who woulda thunk?! Sometimes you lose, sometimes you win.
I’ve owned 3 high end (Audi A8, BMW 750, Bentley Silver Spur) manufacturers CPO cars over the past 9 years and have had 100% success and saved a ton of money both in acquisition and maintenance costs.
I'm thinking about purchasing a CPO MB S Class and this makes me feel better. However, I am concerned about repairs once the warranty is over. Can you recommend a good company for an extended warranty? Thanks.
Nightbird I can’t help you there, I’ve never used a secondary warranty before. I would tend to think that the ones from the manufacturers are probably best from a coverage standpoint but they may be a little pricey. One thing I always do is become friends with the service manager of the manufacturer I’m considering buying. If nothing else, You’ll always get a good loaner car if you need one! LOL
@@7rays Thanks for the input!
Nightbird You are very welcome! Whatever you buy, just go to a dealership you trust that has a good reputation in your town
@@7rays Unfortunately I live in a rural area with no Mercedes Benz dealership nearby..and due to the pandemic and me being in a hotspot..it will have to be a blind purchase online with the car being shipped to me. So hopefully the CPO program will ensure I get a good vehicle and not be stuck with something below par. Thanks and stay safe!
Thanks for sharing the details
CPO is a scam. Dealers never do the inspections like they say they do, and the manufacturer's piss and moan about honoring warranty claims. Never again for me.
Your comment is nothing but a scam and you're wrong
basically not worth more than the cost of the extended warranty being sold
CPO warranties CAN BE NEGOTIATED DOWN. We bought our 2014 MKZ through the Lincoln CPO program with around 38k miles on it and got it certified for $900, they originally want $1200. With Lincoln that means it had never been wrecked, and with a 100k mile bumper-to-bumper warranty, and roadside assistance. The CPO warranty paid for itself after having to have the car towed when the battery died and the rear shocks were replaced.
Our used car is still running strong no issues for 8 years now
What kind is it.??
I purchased a MB CFO before and was a scan. The door colors weren't match. Just get any case that still have at least one year of warranty left. If anything breaks, you still can get it fix for free. The best deals are from a private seller or an auction. Make sure to get it check by a mechanic. I got my Porsche for about ten percent less.
Manufacture CPO is not bad. I had a VOLVO CPO car. VOLVO gave it 7 yrs or 100k miles from date of manufacture and the warranty was transferable with sale which was a plus when I sold it.
After working at a dealership for few months they are not thoroughly inspected. At least at my stealership. And for the cpo check list they just check all the 99 checks with out really looking much.
Thank you for your honest comment
let’s face it....buying a pre-owned vehicle is always considered “hit or miss”. You really need to approach the situation with caution. Otherwise, it may cost you dearly down-the-lane. The profit margin for used cars are considered fairly high, whereas in general brand new cars’ profit margin are usually narrow. Therefore, all potential car buyers should CAREFULLY inspect the CPO vehicles from any authorized dealerships just as if they were buying from the mom-and-pop used car dealers, or private parties. Just my $0.02 pennies.
I’ll stay away from opinion and stick to fact. Full disclosure I’m in the car business. THE BUYBACK GUARANTEE IS COVERED FREE OF CHARGE FROM CARFAX. Dealerships already do a full inspection of the vehicle when it comes in on trade. Just because it was a rental car doesn’t mean it’s a bad thing. Contrary to popular opinion a rental car MUST be maintained with regular oil changes when they are due. Individuals are not required to do ANY maintenance on their vehicle. I agree with getting it inspected yourself. Midas offers free inspections in my area and they are very good. Finally the CPO essentially forces you to pay for a warranty whether you want it or not.
Carfax buyback comes with restrictions as well like car insurance coverage and seldom buy back.
One of the cons you mentioned “wearable items” is true of a brand new car.
A new car does not have any wear and often the battery and such is under a new bumper to bumper warranty...
I'd rather buy new. Dealerships are all filled with liars. I don't believe they even look at the car. I know you lose a ton of money buying new, but I drive a car until it's no longer feasible to keep fixing it. New means peace of mind, for me anyway.
Any used car can be certified. Just take it to a mechanic for a prepurchase inspection. If it fails, don't buy it. It's a might sight cheaper than a dealer will charge you.
Good, balanced video. The only thing I'd add is the only thing a new car dealer is good for is selling new cars. Expect to still be taken to the cleaners on a used car on a new car lot. Especially a CPO car.
the dealership just lets you take the car before purchasing it ???
Do they usually give someone's name then not blur their license plate number? Seems odd to me.
I was considering buying a CPO, but when I wa checking a car I suspected that mileage probably was rolled back, a lot of scratches, sales person said the car was detailed but really it wasn’t all those signs stopped me. Multi point inspection I don’t think so, and finally the car sticker price was 19,000$ but then 23. something in the end of process. Really? Because as they say they added a piece of rubber as a protection package 😂. I won’t even look at CPO never again. Mostly those cars are previously leased cars owners may not even change oil or use the gas car should use. And the main point the vehicle maintenance report mayn’t show all the history
Those are all my observations
How many people actually have their own mechanic
Yes sir
They mean a trusted mechanic that is usually not dealer affiliated. I have one for my Mercedes Benz that I sought out due to MB dealerships fleecing customers for even the smallest repairs. I found him by asking other MB drivers who they use.
Family member had the choice of being a 3 year old used car for $22-23000 or a new one for $27200 (got it for list price). Easy choice on that one!
Never pay full price MSRP. Always low ball the stealership.
Selling used vehicles have high profit margin! Nowadays, used car, service and parts departments are considered “cash cow” for most if not all of the dealerships.
I worked at ford. They would just drive it for a bit and checked there were no codes. Thats it. No fluid replacement whatsoever
Certified.... People still think dealerships are honest or actually car enough to put man hours into actually inspecting a used car thoroughly.
LOL ....thorough ? Yeah right ...just because they say they did an inspection doesn't mean anything ...they can open the hood and look inside then say "ok that's all done" ...different companies "inspect" different components ... some have a longer list than others ... It all comes down to trust .. Authorized dealers are the best route rather than an independent dealer
I bought a CPO Lexus RX350 from Lexus of Lehigh Valley, Allentown, Pa. in 2017.
It was found to have $5500 in pre-existing glass and body damage, and voice recognition can't be fixed or replaced.
This dealership got caught using an unauthorized, inexpensive aftermarket windshield on a newly purchased $31,000 CERTIFIED Lexus (they saved $800), then refused to honor their Certified Lexus warranty and told us not to come back!
Carfax info is completely voluntary and can't be trusted either.
In court their attorney repeatedly emphasized, "IT'S JUST A USED CAR!"
WHAT AGD RIP OFF!
If you think you have a chance in court, regardless of the documents, pics and estimates, you will need to find an honest judge. Good luck!
All Rights Explicitly Reserved
Wayne Brunner
Lehighton PA 18235
What was the ruling?
@@lexusfraud8109 The judge never allowed me to present the estimates. He said something to the affect, "I should have known to present the estimates without having had to ask, and when I did, it was too late." It was total BS.
I was out the door before I knew what happened.
Pretty sure it was all well orchestrated between the judge and defense attorney before the hearing. They had NO DEFENSE, except the power to make the determination.
@@waynebrunner1826 I know exactly what you are going through. Still the big corporations are well connected with government and the laws are not on consumers' side. Lexus and the dealership ignored my request to return the damage part and hasn't sent to me for over 4 months. Now they just replaced the same part after another 4 months without my auth and declined to return the part again and I know they are hiding defects in the car. You will see my case of Lexus and dealership running a scam to rip off Millions of $$ from consumers with L/Certified program which is not backed by neither the corp nor dealership. I got lucky fidning the corrosion on the first day of purchase and yet they still blamed me for corrosion on the same part after and asking me to pay $7000. Ridiculous! Never buy from Lexus of Las Vegas!!!
So the cons of a CPO are no different than when buying any used car. Why include them at all?
Missle Toe my exact thoughts
CPO cars not much price difference between new and cpo. Newer model give u more features so that’s y is more. I like full bumper to bumper warranty . cPo warranty say 7 year 100k warranty is powertrain only now bumper to bumper! And is calculated from day 1 of original owner not when CPO buyer date of purchase
The dealer so called multi point vehicle inspection is a total joke ! They don't check anything , people are being screwed daily !!
Ohh good times... Used car prices are off the roof right now
Dealerships make the most money on used car sales, they buy them from auctions put the minimum parts requirements from the aftermarket,cheap tires,used parts and ship them. I've seen techs and used car managers fight over labor and the borderline safety violations just to make a sale. I've seen used cars sold before being inspected certified. Its atrocious and shady!
Up to the buyer to do the homework
@@tonychau1983 That's the scam; the dealership is representing that they did the homework for you, so for just a little bit more money, step up to CPO, where it's all taken care of, everything has been checked, and all is good. Except, of course, that it's not.
@@freedomairconditioner6152 buyer beware.
Good bye
Yeah I was one of them lol.. but I did bring in my Lexus IS and they were honest with me.. changed tires back brakes & pads.. drove it about a month before they admitted too not taking care of these things lol
Don't trust the CarFax report. If repairs are done without the insurance getting a claim, it didn't happen. Well, it happened to me. My CTS did have some trunk lid and left quarter panel repairs and repainting done, as I discovered a few months later. The good news is that the work was done well and the Cadillac, Red Tintcoat color matched perfectly. No long tern issues for me, luckily.
Yet.. 🧐
@@larkt6693 3 1/2 years so far. Fingers crossed.
@@ronlheureux7623 Cadillac is looking good with their cars. How is your car doing now?
Can't disagree with buying a late model used car over brand new...
I bought a 2017 Hyundai Sonata with 22k miles in November 2018. It was a year old when I bought it. Brand new it was $26k, I paid $16k.
With barely 20k miles. How the hell can you go wrong?????
Yes, but check the interest. Not that you got a shitty one but often times a CPO can cost as much as a new car.
Does being "Certified" Apply for "Raul's used cars"
in Jamaica queens? 😄
nah lol
Bought my 2019 civic stick shift with less than 1k miles on it... for less that 19k.... in California, it wasnt certified, all the certified ones had more miles, and cost way more. Not worth it lol
My car blew two engines ... certified pre owned..
Worth it to sleep well at night 🌙 😴
Good information. Still not too big of a fan of late model used cars unless it is going to be a daily driver and a workhorse.
Nope...but privately and do your own homework. Don’t trust some piece of paper.
Depends on the manufacturer. Mercedes CPO is real.
CPO has become "Certified AS Pre-Owned". The dealership looks at all the miles on the odometer and say "Yep! I certify it is pre-owned".
I trust dealers less than this video. Just cause you made a video, doesn't mean dealers honor any of it.
Benefit to buy a cpo car is definitely cost savings. Of course they're risks involved when buying any pre-owned vehicle. Cpo vehicles at least have more perks and benefits to protect the purchase other than a short limited warranty from a dealer with the purchase.
Who has their own mechanic? It’s like people saying they’re going to have their lawyer sue some body- who has their own lawyer?
Pros and cons. I like buy new car. Start from day 1 is me! I
Pre owned/ USED
The 2015 Toyota Camry XSE 4 Cylinder that I drive, my parents bought it form a Toyota dealership and it was certified pre owned last year, it used to be a leased vehicle, it had 30,000 miles at the time, it now has just about 45,000 miles
What does this comment has to do with ANYTHING ???
@@driveri1435 The same as your comment?
We already know it's all a lie, right? I'm only here for the host.
hahahha
Just buy a Toyota or Lexus that has service records
Lexus is the same as any other manufacturer. Mine had liquid damage and CPO and extended warranty won't cover pre-existing liquid damage after selling it to me. Fraud!
I knew all that! That's nothing new to me, that's something you consider risking when buying someone elses car! Not only someone elses car! But their problems. The dealer can only do so much just to make it look more atractive to the used car buyer, and you should know! Thats a risk that you're willing to take! Is good that some dealers gives you a certification, giving you all they have done to the car and also warranties that they believe they should cover! Not all cars from the dealers have that! Some are buy as is! Wish means the risks are higher when buying a car as is. So do your home work before buying a used car. But good to know anyway! I dont wanna sound sexist! But this should apply to female buyers! I have seen some females at my work and have ask them, why did you buy the used car? And in reply! They tell me because they like the car and the way it looks", i also ask them, if they know what type of engine does the car have? How many cylinders? If is all wheel drive? Etc etc. And their answer! Well you guessed it! They dont know!" Like i said! Some womans not all of them! Im just trying to have some of you ladies informed! Do your homework!
Thank you
hello friends
If you can’t buy a quality car new or used cash money, just lease it. All these cars are trash now a days and don’t last long.
They are risk involve even buying a new car I use to work in a dealership and when they bring the new cars to be inspected to put for sale sometimes some were defective they did not.pass smog and they were send back ... I bough a certified toyota now its has 178000 miles still going strong.. at one time there was something wrong with the timing belt and the water pump pulley and the insurance pay everything since it was under warraanty... so sometimes u need a little luck in my experience it's been good to me...
I guess there's one side to every story.
I’m getting a flying car baby Ryry was behind me a flying car Tamtam and Ryry love y’all praise God❤😂😂😂❤❤❤❤
Certified pre-owned is the best and only way to buy any car.
Wtf..history doesn't include all accidents ..
Cpo is bs. I like mine salvaged.
Buyer beware,
A bunch of BS
Used Cars are For SUCKER'S. LEASE THAT NEW VEHICLE === PAYMENT SAME OR LESS THEN USED......................................
@japanwatchconnection listen brain dead im a ny dealer 35 + years you know nothing''.
rick rothchild why would I want to lease a car when I can own it instead. Don’t have to have a stealership dictating how it’s is used for either.
I heard certified pre owned Deez are pretty good
E O
I see what you did there, playboy.