No, it is not "just an extended warranty". Please go have another cup of coffee, thanks.
The used car market right now is real tight, and has been for several months now. Inventory is down and prices are up. A lot of it is going to depend on the level of pride that the dealership has in their inventory. Many dealers realize that they don't have to do a whole lot to impress the buyer, to sell a used vehicle right now. And it really shows. Literally, "just good enough" is going to be exactly that... good enough. This isn't a CPO problem, it is a dealer problem.
The CPO that I bought, May of last year, presented itself the same as new. It had a new $200 GM battery installed. Measurements of the brake pad thickness and tire tread depth were provided. The oil and filter had been changed, along with the air and cabin filters. The tires had been rotated. The XM and wi-fi services had been turned back on. Both the bumper to bumper and drivetrain warranties were extended out (with a $0 deductible on both), along with roadside assistance. Also included were two oil changes (four gallons of synthetic oil total) and a tire rotation.
It was a Michigan truck, and I bought it in Indiana. Neither state has front license plates. But I needed a front license plate holder for Illinois. The dealer ordered one, and sent it to me via UPS, at no charge.
For the exception of the front license plate holder, when I drove it off the lot, it needed nothing. However, it was priced at 55% of its original MSRP, and had been reconditioned to be as close to new as possible.
Appearance wise, it had been completely and fully detailed, inside and out, and for the exception of a 1" scratch on the tailgate that didn't go down to bare metal, it presented itself the same as new. It was spotless under the hood. I'm a tough customer on vehicle purchases, especially from a dealer, but I found nothing to complain about.
This afternoon, I went to get a new to me 2017 GMC Sierra 4x4 Double cab. This is the first time that I've bought a vehicle that was Certified Pre-Owned, and I think it was a benefit to me. I've been skeptical in the past, but I am seeing value in the CPO program...especially when the truck is...
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