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NON-CPO 2016 Fsport at Lexus Dealership.

 
Old 02-13-19, 07:50 PM
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lalewla
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Default NON-CPO 2016 Fsport at Lexus Dealership.

Hello Everyone,

I'm looking at a 2016 GS Fsport at a Lexus dealership, however I noticed it's not being sold as a CPO. It has a clear carfax report and most of the service records are current. But why didn't it meet the CPO requirements? Should I be concerned about purchasing a non-CPO Lexus from a Lexus dealership? Thanks in advance.
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Old 02-13-19, 08:13 PM
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AJLex19
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You shouldn't be concerned at all. As long as it doesn't have more than 70k miles, they can CPO the car but are choosing not to. If it has less than 50k miles, you still have some time left on the 4yr/50k original warranty good until 2020 or 50k miles.

If they CPO the car, it will require some reconditioning and its likely the dealership is looking to save itself some cash and offer a lower price point to get a quick sale. Lots of cars come back to my local dealerships as lase returns, 3 years old with between 20-40k miles with no CPO BUT have a note stating "CPO-ready" if you want the warranty.

You can always ask the dealership how much more they would charge to CPO the car. Things like brakes, rotors, tires, paint correction/scratches, bumper reconditioning, interior reconditioning, etc add up and consider that the car may need some of these things if you buy it.

I have a 2013 GS purchased in 2015 w/43kmi and was CPO'd until May of 2018. I never made a single CPO warranty claim. I don't drive much (sitting on 57k miles after almost 4 years of ownership). From my experience, I wouldn't hesitate to buy the 4GS without a warranty.
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Old 02-13-19, 08:15 PM
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Mileage? Too much and they may be wary of CPO-ing it. Was it titled as corporate/fleet?

Unfortunately, not all accidents are reported on carfax. Could be a situation where it was damaged but wasn't properly reported and the damage was something that would disqualify it from the CPO standards.
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Old 02-13-19, 08:39 PM
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lalewla
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Originally Posted by mjo13 View Post
Mileage? Too much and they may be wary of CPO-ing it. Was it titled as corporate/fleet?

Unfortunately, not all accidents are reported on carfax. Could be a situation where it was damaged but wasn't properly reported and the damage was something that would disqualify it from the CPO standards.
thanks for your help.

it has 40,000 miles on it.

If the information listed in the carfax report can't be trusted, what other resources are available to ensure this car is in good condition?
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Old 02-14-19, 03:32 AM
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Run the vin # through Lexus to check the service history. I would wanna have it checked out to see if it's ever been wrecked too.
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Old 02-14-19, 11:24 AM
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Originally Posted by lalewla View Post
thanks for your help.

it has 40,000 miles on it.

If the information listed in the carfax report can't be trusted, what other resources are available to ensure this car is in good condition?
No resource can guarantee that every repair/ service is recorded. So an extended or CPO warranty can add some peace of mind. With that said, I’ve only ever used Carfax and Lexus drivers, and my own two eyes.

My Lexus dealer is an Autonation dealer, and my salesman stated that they stopped CPO a few years ago, because the competition kept undercutting their prices, and CPOs are just naturally more costly to offer for sale. And they also do one price, no negotiation, on their preowned inventory, so their sales model did not work well with CPO cars.

The more service records available, the better I feel about a car, but you never truly know the history of a used car.
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Old 02-14-19, 11:53 AM
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I'm not a big fan of "CPO" vehicles because I always felt that were just a marketing gimmick.

If you are seriously interested in the car, why don't you "CPO it yourself" and have it checked out by a reputable mechanic? If all goes well, then you can decide if you want to buy an extended warranty on it (I would suggest you say no) or not.

If it's a good car, it is more likely than not that you will get a rock solid car. After all, we're talking about a Toyota/Lexus here, not a Mercedes or BMW.
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Old 02-16-19, 10:56 PM
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I bought my 2014 in 2016, car was exactly two years old and less than 17K on it. Not a scratch on the car, it was in better shape and less mileage than other CPO’s I seen to date.
I bought it for thousands less since it wasn’t a COO, and would do it again! Same dealer had identical cars on the lot that were CPO, had more miles and were selling for a few grand more.
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Old 02-17-19, 03:48 AM
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Originally Posted by 14FSport View Post
I bought my 2014 in 2016, car was exactly two years old and less than 17K on it. Not a scratch on the car, it was in better shape and less mileage than other CPO’s I seen to date.
I bought it for thousands less since it wasn’t a COO, and would do it again! Same dealer had identical cars on the lot that were CPO, had more miles and were selling for a few grand more.

Yeah, just a carfax, trust in the brand, test drive, and my once over was all I needed to make the purchase. CPO and extended warranties for my car would have been free money into the dealers pocket. No issues I could not fix myself.
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