Join Date: Jul 2006
Location: South Beach (Miami Beach, FL)
Vehicle: 2006 SLK350 - All Opts. ('cept AMG Pkg & Auto) 6-speed manual, YEAH!
Other Toys: '11 Prius II w/ Leather
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CPO Cars - Sick of the unrealistic hype...
I must take a negative stance on Certified Pre-Owned (dealer) cars. I think CPO is bogus advertising.
Any 300+ point inspection or whatever they do for CPO, can be done cheaply for any car. What is important, in addition to that certification inspection, is the maintenance history of the car.
Let's be honest: many CPO cars are beaten lease mules that people never cared about in the first place. Really, if you truly LOVED the car, and really, really wanted it, why would you lease it expecting to be in something else in 2 or 3 years anyway?
Instead, many private seller cars come from people who truely loved their cars and had the dealer do the same inspection the CPO car gets. They may have also saved the original window sticker and brochure when the car came out (these things both being missing is sure sign of a lease.) However, the advertisements and "perception" of CPO cars makes people avoid the private cars that might have been more taken care of.
No dealer could offer an LS430 in the condition, with options, that we offered ours for when we put it up for sale. We had manauls, brochure window sticker, it was driven well and always taken care of. It had the same 300+ point inspection they do on cars for certified Lexus, done by the same dealer that handled the purchase and all service of the car. However, people would rather buy worse off, more expensive cars because Lexus convinced them certified was better.
So you know what we did with it after not being able to sell it for six months? Took it to the autocross, beat it around, and took it back to the dealer for the end of the 3 year single payment lease. Someone payed $8,000 more for the car from the dealer after I whipped it like a red headed step-child, and we kept the brochures, records of all the services, etc., Thank you!
For me, a car that has been serviced regularly, even if it has been raced, is worth more. Especially if it has car show plauqes around it, and an owner sorry to have to let it go.
After all, I've seen what people who love cars, like me, do to leased cars, and even worse, I've seen what people who do not love cars do to leased cars!
If a car has been leased, forghettaboutit!
How about CRASH instead? Certified, Recorded, Amended* Service History. *Amended being recorded Body Shop visits documented as well.