CPO worth it?

[iptman]

How likely is a sub 100,000 mile dive train issue on a 14-15 200 series? Is the 3UR as bullet proof as the 1FZ, 300k+ miles no problem? I'm trying to find out if it's worth finding a Toyota certified pre-owned truck or saving the cash on a private sale truck.

 

[SWUtah]

How likely is a sub 100,000 mile dive train issue on a 14-15 200 series? Is the 3UR as bullet proof as the 1FZ, 300k+ miles no problem? I'm trying to find out if it's worth finding a Toyota certified pre-owned truck or saving the cash on a private sale truck.

If it's maintained and you have the records and carfax and do the inspection, plus find one like that then go for it. Most cared for LX570's that are maintained at the local Lexus dealership is also traded back in to the local dealer gets certified and resold. Ones that went to the local jiffy lube with no records don't get certified. I like certified.

 

[KLF]

It costs the Lexus dealer ~$1800 to have a car certified, they have to pay that to corporate as an extended warranty, since you can take the car to any Lexus dealer for covered repairs. So they pass this along to the buyer to cover the cost. The inspection for certified is very thorough, and anything they find gets fixed /replaced before the car can be sold. If there are any accidents on the Carfax it can't be certified.

We bought a certified IS 250C convertible this spring. It wasn't cheap but I wanted coverage on that insanely complicated retracting roof. They put new Michelin Pilots and all new brakes on it before it went out on the lot.

If you find a truck you really like but it's not certified, get an extended warranty.

 

[iptman]

If I read the terms correctly CPO gets you 1 year/12k miles bumper to bumper and 7 years(from first date of sale)/100k miles (total) drive train warranty. If I'm not likely to have a drive train issue through 100k then $1800 goes down the drain. Knowing what I know about the 80 series there's no way I would have paid extra for CPO(theoretically), of course that's in hindsight. Is it too early to have that kind of confidence in the 200 series drive train?

 

[Sandroad]

Hmmm.....a local dealer showed me the paperwork that it cost them $250 to have Toyota certify (if the vehicle passes the inspection and can be a CPO). That Lexus $1800 CPO cost seems really non-competitive in today's market. Drivetrains are good past 100,000 miles, but IMHO Toyota CPO is worth it for the year of coverage on the electronics.

 

[RS6tofj80]

I did CPO because the deal was right but if the rig was clean and well serviced / loved I think it's not needed - a large factor is also if you're planning to modify the rig.... there's not much my dealer would cover right now .....( heck half the time they can't even tell me what it is... scary when a tech tells you "nice 4runner")

E

 

[linuxgod]

CPO is worth it, IMO. While you probably won't need the warranty, it's Toyota/Lexus backing the vehicle from major issues, plus taking care of minor stuff before you buy.

Related note: I am normally against extended warranties but I paid about $1300 for the Toyota 7/100k platinum VSA. The vehicle needs to be under factory or CPO warranty for Toyota to sell it. To me that was an insurance policy against an expensive repair (more likely electronic than mechanical).

 

[EPUro2019]

I agree with above, CPO is worth it for the right vehicle. Not necessary but certainly nice.

 

[KLF]

The Lexus CPO basically turns the factory warranty back on, plus some other goodies. Factory warranty is 6 years, bumper-to-bumper, so in our case we have 2 years of coverage, it covers anything that is not a maintenance item. So a 6 year old Lexus is not eligible for CPO (as it was explained to me). It's likely we'll never use it, since the car only has 50K on it, and it will be a summer car only. It also includes free oil changes, but again I won't ever use them, since the closest dealer is over an hour away, I don't want that hassle. There's also roadside assistance included.

L/CERTIFIED - Browse All Models - Lexus Certified Pre-Owned

I'm generally not in favor of extended warranties, I've never bought one. But the roof on this car is just crazy complicated, it's like a transformer car. We mostly went with CPO because the car was in beautiful condition and it was equipped the way she wanted it. They are hard to find, I had to go to MD to get it.

Truthfully though... now that I have my 200, I sorta wish I had spent more and got one that was certified. I was just getting tired of looking.

 

[Yossarian]

This:

Buying a 200-series - what are common repairs and would you buy an extended warranty?

And:

Extended warranty ?

And:

Extended Warranty on a 200

And many more....

Of course a CPO and an extended warranty are different, but the CPO brings along the extended warranty. For me it depended on how much was I spending for a used vehicle and what was my risk tolerance. In one of the attached threads I've listed what the Toyota Platinum extended warranty has covered on our 200. It's paid for itself.

Good luck.

 

[fireball]

The CPO also offers a pretty attractive 2.9 percent finance rate.

 

[SWUtah]

My LX is Cpo. Almost two years old when I bought it, extends bumper to bumper warranty for 4 more years unlimited mileage, includes free service for the next two years. Hard to beat, JMHO

 

[ckkone]

Its a Toyota not a Range Rover, no its not worth it. The only real expensive issue that I know of is cam tower leak which is easy to check.

 

[repey3]

I recently purchased CPO. This is the second Toyota CPO vehicle that I have purchased, and to me it is worth it not so much due to the warranty/benefits but just to know (or maybe that is just my naivete) that the vehicle is in decent enough condition for them to warranty it. In other words, I would like to think with a CPO there is no weird history or issues that are being concealed by the dealer.

Of course the 12 month bumper to bumper warranty is nice to give you a chance to drive the vehicle for a bit to see if any issues surface and have them addressed by the dealer (I think it is a $50 "deductible" for any warranty claims).

 

[linuxgod]

I discussed it in a prior thread but I agree that statistically the warranty is not worthwhile - Toyota/Lexus makes $ selling them because they cost more than the average repair. The problem with statistics is occasionally you have an outlier - for every stack of $2k warranties that go unused, there's a few people who have a multi-thousand dollar repair.

I went CPO because my vehicle was shipped from Texas so it was a way to ensure that the Toyota dealer there wasn't selling me garbage. If it turned out to have bald tires or worn brakes or was flood damaged I had some recourse.

I bought the Toyota extended warranty because I took a 5 year loan and didn't want to front a hypothetical multi-thousand dollar repair for something while I was still making payments. On my '08 Acura the DVD player in the Navigation system went, and Acura wanted $3500 for the replacement unit. All it takes is one electronic issue to more than recoup the cost.