Note that CPO cars generally command premium prices, as the cost oftheir inspection, the extra reconditioning work and the extra parts and
service coverage runs somewhere between $1,000 and $3,000.
CPO vehicle for $300 to $1,000TIP: You can make a decent used car as nice looking as a.^
I recondition my own used cars to similar standards, often using the samevendors for touch-up paint, PDR, and other services as the local high-end
dealers do, but often for less. In Chapter 11: Getting the most for your car, Idiscuss such vendors and how to find them. The pricing listed above will
give you an idea where the money goes.
The service contract (routinely called an extended warranty) included inwith Certified cars is often the weak link. It usually only ads one or two
years of complete cover (and sometimes less), which isn’t long enough onpremium cars to justify what it usually costs. Some are even shorter—until (^)
this year, Toyota’s comprehensive warranty was only three months or 3,000miles, though their powertrain coverage is longer.
Other detriments I’ve noticed with CPO coverage are that the buyer cannotget a prorated refund on the warranty if they sell the car later or it gets
totaled or stolen, and that there will be “holes” in the warranty’s coverage—specifically items that the manufacturer knows are high-frequency and/or
high-expense repairs, like navigation systems, that won’t be covered.