Buying a 05/06 LS CPO
#1
Driver School Candidate
Thread Starter
Join Date: Jul 2008
Location: CA
Posts: 2
Likes: 0
Received 0 Likes
on
0 Posts
Buying a 05/06 LS CPO
Hey everyone, I'm new here and thinking about buying a 05/06 LS for my wife. The prices are really attractive nowadays. Do you guys rec to buy a CPO or a non-CPO will be just fine? Also, I did research on CPO Lexus' and it seems that they are covered by a 3/100K warranty form the day of the purchase. However, when I did some research on this forum, I saw lots of people who bought CPO's and extended warranties on top of the CPO's to be covered until 100kmiles. What am I missing here? Why would you buy an extended warranty until 100k miles if your car is a CPO? For ex, if i buy a 2005 CPO LS with 40k miles, wouldn't it be covered until 2011 or 100k miles without the purchase of any additional extended warranty? THA
#2
The CPO warranty is good for an extra 3 years or 100K total mileage, whichever comes first. Lets say you purchased a CPO 2006 LS today that had an in service date of June 05. Your CPO warranty would be valid for 3yrs from now, presuming you don't hit 100K. So the CPO warranty would expire at the end of July 2011.
If you were to buy a non-CPO car today with the same build date, you could purchase the Lexus Platinum 7yr/100K warranty. This would take that same LS out to July 2012. The 7yrs runs from the beginning of the in service date.
So it's kind of similar. In some cases the CPO is better (most), in some cases the Platinum is better. It all depends if you're buying from a Lexus dealer, buying from a regular dealer or buying privately, what the price is, how old the car is, and what the mileage of the vehicle is.
If you were to buy a non-CPO car today with the same build date, you could purchase the Lexus Platinum 7yr/100K warranty. This would take that same LS out to July 2012. The 7yrs runs from the beginning of the in service date.
So it's kind of similar. In some cases the CPO is better (most), in some cases the Platinum is better. It all depends if you're buying from a Lexus dealer, buying from a regular dealer or buying privately, what the price is, how old the car is, and what the mileage of the vehicle is.
#4
Driver School Candidate
Thread Starter
Join Date: Jul 2008
Location: CA
Posts: 2
Likes: 0
Received 0 Likes
on
0 Posts
So if I find a 15-20K mile 06 LS NON-CPO I should be fine since it will be covered by the factory warranty until 2010 and a CPO would basically give me an extra year. I dont think its worth getting a CPO if the milage is low since CPO runs about 3-5Gz and I dont think extra year of warranty is worth that much. The car is not gona be driven more than 10k miles a year anyways.
#5
Lexus Fanatic
iTrader: (1)
So if I find a 15-20K mile 06 LS NON-CPO I should be fine since it will be covered by the factory warranty until 2010 and a CPO would basically give me an extra year. I dont think its worth getting a CPO if the milage is low since CPO runs about 3-5Gz and I dont think extra year of warranty is worth that much. The car is not gona be driven more than 10k miles a year anyways.
Thread
Thread Starter
Forum
Replies
Last Post
ServiceGuy
LS - 4th Gen (2007-2017)
25
11-11-14 10:48 AM