A first time Lexus owner here
#18
Pole Position
Thread Starter
#19
Here's how the CPO warranty works, or at least how it worked 2 years ago when I purchased a 3 year old RX which was a CPO.
First, all cars have a full 4 year factory warranty, which is the most comprehensive coverage, and which you will not equal under any circumstances after that 4 year period. This warranty runs with the car and is transferable.
All CPO cars have a 4 year CPO warranty which runs 4 years from the date of purchase. If the purchased car is less than 4 years old, then the warranties run concurrently, but the CPO warranty is less inclusive, and is disregarded until the factory warranty expires. So, when I purchased a 3 year old car, I had one year of factory warranty, followed by 3 years of CPO warranty.
The CPO warranty is virtually the same as the so called "Platinum Extended Warranty" offered by Lexus.
At the end of the CPO term, you can purchase additional extended warranties, if you want, with varying levels of coverage.
So the original poster is under the factory warranty until July of '09 (4 years after the "in-service date"), but he should check the CPO warranty. Unless serious changes were made to the meaning of the C part of CPO in the last two years, he has 4 years from date of purchase which are also under warranty, and I am surprised his salesman did not explain that to him.
First, all cars have a full 4 year factory warranty, which is the most comprehensive coverage, and which you will not equal under any circumstances after that 4 year period. This warranty runs with the car and is transferable.
All CPO cars have a 4 year CPO warranty which runs 4 years from the date of purchase. If the purchased car is less than 4 years old, then the warranties run concurrently, but the CPO warranty is less inclusive, and is disregarded until the factory warranty expires. So, when I purchased a 3 year old car, I had one year of factory warranty, followed by 3 years of CPO warranty.
The CPO warranty is virtually the same as the so called "Platinum Extended Warranty" offered by Lexus.
At the end of the CPO term, you can purchase additional extended warranties, if you want, with varying levels of coverage.
So the original poster is under the factory warranty until July of '09 (4 years after the "in-service date"), but he should check the CPO warranty. Unless serious changes were made to the meaning of the C part of CPO in the last two years, he has 4 years from date of purchase which are also under warranty, and I am surprised his salesman did not explain that to him.
#20
Moderator
I thought the CPO was 4 years, but I just checked my records, and it looks like the COP warranty is 3 years from date of purchase. The factory warranty is 4 years, and the CPO and factory warranties run concurrently, not consecutively.
The loyal readers here thank you for the correction, I'm sure.
The loyal readers here thank you for the correction, I'm sure.
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