'13 cpo ls460
#16
Lead Lap
CJITTY, as an example, has a CPO 2008 600hL covered through 2017 if I remember correctly (he'll hopefully chime in). I don't think CPO is as restrictive as you indicate, but again, the key is that the warranty has to be purchased with the car with no waiting period allowed.
#18
#19
Lead Lap
#20
It all depends on when the car was first put in service. The original factory 4 year warranty will apply before the CPO kicks in. If the car is only 1 year old the CPO will not even kick in.
What does that car cost new? You should be able to get about $8K - $12K off a new 2013 LS at this time of the year if they are still available.
What does that car cost new? You should be able to get about $8K - $12K off a new 2013 LS at this time of the year if they are still available.
#21
Well, a lot of good info on this thread.
I conclude that the first choice should be buying NON-CPO Lexus while still under original factory warranty, then buying factory extended warranty which is transferable and refundable.
Second choice is CPO purchase with wrapped CPO warranty extension to cover the entire expected term of ownership of the vehicle.
Third choice would be out-of-(factory/CPO)-warranty vehicle covered by third-party warranty.
Least desirable option is going bare with no warranty and full exposure to problems (can be mitigated somewhat by self-maintenance and use of indy repair shops or Toyota dealers)
I conclude that the first choice should be buying NON-CPO Lexus while still under original factory warranty, then buying factory extended warranty which is transferable and refundable.
Second choice is CPO purchase with wrapped CPO warranty extension to cover the entire expected term of ownership of the vehicle.
Third choice would be out-of-(factory/CPO)-warranty vehicle covered by third-party warranty.
Least desirable option is going bare with no warranty and full exposure to problems (can be mitigated somewhat by self-maintenance and use of indy repair shops or Toyota dealers)
#22
Lead Lap
^ pretty much nailed it. I look for a car under factory warranty because it pretty much covers everything on the car including TSIBs and try and get everything fixed before it expires. I would then buy the Lexus extended warranty right before the factory warranty expires for however long you need it (I did an extra 4 years 100k miles) to cover everything else. Remember the CPO and extended factory warranty is not as comprehensive as the original 4 yr/50k mile warranty and they don't even have to cover TSIBs after it expires.
#23
Could you describe the shortcomings of the CPO/factory extended warranties compared to the original 4/50 one from Lexus. I was under the impression that factory extended and CPO were both bumper-to-bumper and essentially equal to the original factory warranty. Still some stuff to learn on this thread, apparently...
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