Quote:
Originally Posted by Kennyboy
One side note, I think most certified pre-owned cars with very low mileage are retired loaners cars. Actually I noticed there is no such things as a "retired" loaner car. Dealerships use some inventories as loaner cars and are selling them at the same time, as long as there is an offer. Most loaners from my dealership are very well packaged, some with sports packages, even high-gloss black trims all over, make them easier to sell as pre-owned. Most loaner cars will be sold before they reach more than 15K miles, some as little as 5K miles. Buying a certified pre-owned with low mileage is very risky...it is very likely a retired loaner car.
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It's not really so risky if that CPO car is coming with a 100K mile certified warranty. A one year old CPO car with 15K miles will have a 5 year, 85K mile warranty. Your new car only comes with a 4 year, 50K mile warranty. Which one is riskier?