Buying new vs used - from a warranty perspective
12-18-18, 12:27 PM
#1
Rookie
Thread Starter
Buying new vs used - from a warranty perspective
Looking at replacing my 2013 GS 350 with another GS, or maybe a GX. The price differences between new and CPO aren't as vast as I initially expected, leaning me towards possibly buying brand new. Where I lean back towards CPO is when I start looking at the warranty coverage.
If I buy a CPO it seems I get much better warranty included. I get the balance of the initial 4 year/50,000 mile new car warranty, plus an additional 2 years of unlimited mileage after that, along with 4 free rounds of recommended service vs. the 2 included with a new car.
It would seem that looking for a 2018/2019 with low mileage would, in many ways, be a better decision than buying new? I feel like I have to be missing something since it appears buying CPO is in many ways more beneficial than buying new?
If I buy a CPO it seems I get much better warranty included. I get the balance of the initial 4 year/50,000 mile new car warranty, plus an additional 2 years of unlimited mileage after that, along with 4 free rounds of recommended service vs. the 2 included with a new car.
It would seem that looking for a 2018/2019 with low mileage would, in many ways, be a better decision than buying new? I feel like I have to be missing something since it appears buying CPO is in many ways more beneficial than buying new?
12-18-18, 02:43 PM
#2
Or new with extended warranty?
I hafta say, the 2 years that came with our 2013 was welcome.
Especially since they did the 60K service, which is the 1st biggie I believe.
You can't go wrong either way.
Just my 2 cents.
I hafta say, the 2 years that came with our 2013 was welcome.
Especially since they did the 60K service, which is the 1st biggie I believe.
You can't go wrong either way.
Just my 2 cents.
12-18-18, 04:23 PM
#3
When you say not vastly different, what does that mean? I found that a 2 year old CPO GS was selling for 20-25k less than MSRP when I was shopping over 2 years ago.
To me that seems like a vast amount of money but maybe you mean month to month?
Depends on how long you plan to keep the car and honesty, warranties for a GS isn't completely necessary considering their reliability.
To me that seems like a vast amount of money but maybe you mean month to month?
Depends on how long you plan to keep the car and honesty, warranties for a GS isn't completely necessary considering their reliability.
12-18-18, 07:18 PM
#4
Lead Lap
No Certification: Used 2018/2019 has the 4yr/50k original warranty good until 2022/2023
Certified Pre-owned: Used 2018/2019 has 4yr/50k original warranty good through 2022/2023; CPO warranty good to 2024/2025
What i've been seeing in the marketplace is Lexus dealers with models that are 1 or 2 years old have NO certification with a really great price. They then write "the vehicle is Certification Eligible. Please contact a salesperson for details."
I too own a 2013 and just received another one of those "offers" in the mail from my dealership today saying they would give me $16k trade in value of my 2013 toward a new 2019 GS 350.
As terrible as a deal that is for me, i would only ever consider (at this time) a 2016 refreshed GS that has certification or a 2016 that still has 18+ months left on the original warranty like this 2016 with only 1400 miles! : https://www.cars.com/vehicledetail/d...5543/overview/
Certified Pre-owned: Used 2018/2019 has 4yr/50k original warranty good through 2022/2023; CPO warranty good to 2024/2025
What i've been seeing in the marketplace is Lexus dealers with models that are 1 or 2 years old have NO certification with a really great price. They then write "the vehicle is Certification Eligible. Please contact a salesperson for details."
I too own a 2013 and just received another one of those "offers" in the mail from my dealership today saying they would give me $16k trade in value of my 2013 toward a new 2019 GS 350.
As terrible as a deal that is for me, i would only ever consider (at this time) a 2016 refreshed GS that has certification or a 2016 that still has 18+ months left on the original warranty like this 2016 with only 1400 miles! : https://www.cars.com/vehicledetail/d...5543/overview/
12-19-18, 06:06 AM
#5
The thing to keep in mind with anything CPO is you WILL pay for the extra warranty. It’s been a super clever way for dealers to tack on the price of a warranty and make it appear as a great deal. CPO eligible just means if you pay, you get the extension. The car was “value priced” to get you in the door, but you can leave with the warm and fuzzy of the CPO, if you need the extra push.
Just about every CPO GS around me was 5k more than non CPO. In the end, it’s up to us to decide if that’s worth it or not. I’ve had CPO cars. The dealer kept me going back to “keep the CPO intact”. I paid through the nose to maintain the CPO, and one day after expiration, the car was worth exactly the same as anything else. No one cared about my big stack of receipts, or that the car was CPO, or anything. In the end, I spent over $10k more for the car, had about $2500 worth of repairs under CPO for a net loss of $7500. Our second Lexus was a non-CPO. At the time, cars couldn’t get the CPO status if over 60k miles and the car was 100 miles over. I got a smokin’ deal on it, because non-CPOs were a soft sale. During what would have been the CPO period, we spent around $1500 in repairs.
It wants until we had the car 13 years when things went drastically wrong forcing us to get a newer one. I’m not against CPOs, but it’s important to understand what you’re really paying for. Wouldn’t touch a German car without a warranty and would make sure I wasn’t stuck with it when it expired. A Lexus out of warranty just isn’t all that scary. An LS with air suspension, maybe, but even they will go 100k without any need for replacement suspension parts. You could then spend 5k at the dealer getting it repaired and drive it another 100k, or find an indy shop to do it for half that. You’re still way ahead of the game....
Just about every CPO GS around me was 5k more than non CPO. In the end, it’s up to us to decide if that’s worth it or not. I’ve had CPO cars. The dealer kept me going back to “keep the CPO intact”. I paid through the nose to maintain the CPO, and one day after expiration, the car was worth exactly the same as anything else. No one cared about my big stack of receipts, or that the car was CPO, or anything. In the end, I spent over $10k more for the car, had about $2500 worth of repairs under CPO for a net loss of $7500. Our second Lexus was a non-CPO. At the time, cars couldn’t get the CPO status if over 60k miles and the car was 100 miles over. I got a smokin’ deal on it, because non-CPOs were a soft sale. During what would have been the CPO period, we spent around $1500 in repairs.
It wants until we had the car 13 years when things went drastically wrong forcing us to get a newer one. I’m not against CPOs, but it’s important to understand what you’re really paying for. Wouldn’t touch a German car without a warranty and would make sure I wasn’t stuck with it when it expired. A Lexus out of warranty just isn’t all that scary. An LS with air suspension, maybe, but even they will go 100k without any need for replacement suspension parts. You could then spend 5k at the dealer getting it repaired and drive it another 100k, or find an indy shop to do it for half that. You’re still way ahead of the game....
12-19-18, 06:42 AM
#6
Moderator
A little detail about CPO ... the coverage is time based, but the time starts when the vehicle went into service [date of purchase]. Pay attention to that date as it can make a substantial difference. Another thing to remember is CPO is non transferrable.
Salim
Salim
12-19-18, 06:53 AM
#7
In my case, I am very happy to have purchased a CPO car. I paid $22,300 for a 2013 F Sport earlier this year. The car had 58K miles, but was perfect.
They did brakes and tires. Fixed the wheel road rash. I had looked around for months; this was by far the best price I could find.
The 1st time something electronic goes south I will be glad for the certification.
And they did the 60K service. Basically i have a bumper to bumper warranty for 2 years on a 60K mile car loaded with electronics.
This is my experience.
They did brakes and tires. Fixed the wheel road rash. I had looked around for months; this was by far the best price I could find.
The 1st time something electronic goes south I will be glad for the certification.
And they did the 60K service. Basically i have a bumper to bumper warranty for 2 years on a 60K mile car loaded with electronics.
This is my experience.
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12-19-18, 07:17 AM
#9
12-19-18, 09:17 AM
#10
Lexus Fanatic
As far as being worried about repairs, I don't think a CPO is worth it for a GS or really that important, especially if you have to pay over a thousand extra for it. GS has proven to be pretty reliable, most issues it has seem to be able to be fixed pretty cheaply/DIY. If I could save a couple grand or even $1000 on a good non CPO GS vs a CPO I would take the savings any day. European cars are a very different story.
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