lesz

+1

If you run a price check on Edmunds or KBB and if you check the current market value for a vehicle offered by a dealer as a CPO vehicle and for the same vehicle with the same equipment and same mileage offered as a non-CPO vehicle, you will consistently find a price difference of around $2500. While some buyers at some dealerships can negotiate the price of the CPO certification down a bit, the dealers are generally marking up CPO vehicles by much more than $1000 higher than their non-CPO counterparts.

Gekko

CPO premium is a percentage not absolute dollars so of course it's not $1,000 on every vehicle it varies by base price. come on.

lesz

Yes, I'm aware of that, and I know that, if we are talking about, say, a 2016 LS, the CPO markup could be as much as $5000 or $6000, and the CPO markups on a 5 year old CT could be much lower, but, in the discussions here on the ES board, most people who are CPO buyers would be looking for a 2013-2016 ES, and the markups on those are consistently around $2500 +/- a couple of hundred dollars.

lesz

That seems to be accurate for the bottom of the current market. When, last fall, I traded in my 2013 Luxury package ES, which was immaculate and had 25000 miles on the odometer, the dealer offered it as a CPO for $28,500, and, between then and now, it looks like the CPO pricing on cars similar to mine has dropped around $2500 to a range of between $25000 and $26000.

The only 2013 or2014 ESs that I've seen that are priced much lower as CPO vehicles are ones that are rougher or that have much higher mileage on the odometer. In the ES market for a 2013-2015 ES every 9000 miles or so on the odometer translates into about a $1000 price difference. So, while it might be possible to find a 2013 or 2014 CPO ES for around $22000, it is going to be likely to be in rougher condition and to have a lot more miles on the odometer, and it could even be approaching the 70000 mile limit for a vehicle to be certified.