Certified Preowned vs. New

Thread view:

Enable EMail Alerts

Start New Thread

Thread rating:

S.M.C. - 10 Sep 2005 06:15 GMT

I'm in the market for a new car for the first time in 10 years, and one of
the things that's changed is the introduction of the CPO programs. Scanning
Cars.com, however, and looking through some dealer lots, USED cars with
30,000 miles don't seem to cost significantly less than the dealier invoice
on NEW cars.

What is up with this? Is the CPO price simply more negotiable? If so, what's
the equilvaent of the dealer invoice for a CPO price?

Thanks!

Reply to this Message

Elmo P. Shagnasty - 10 Sep 2005 14:26 GMT

> I'm in the market for a new car for the first time in 10 years, and one of
> the things that's changed is the introduction of the CPO programs. Scanning
[quoted text clipped - 3 lines]
>
> What is up with this?

That's the Honda value.

Japanese cars, you buy new. American cars, you buy 2 years old. THAT'S
how to get the most value for your dollar.

CPO is just $300 or $600 or something added to the price; it's simply an
American Honda warranty that you buy. There's no mystery to it.
Normally available only on new cars, it's also available on select used
cars that meet certain criteria.

Reply to this Message