What is CPO?
Certified, Pre-Owned. Basically it's a dealer's way of warrantying a used car. There's a lot of gimmicks but when I bought that used Lexus, Lexus' was by far the best in the industry. When you bought a CPO vehicle from the dealer (not all qualified - example, accident and 4 panels replaced), you got the same factory warranty that existed for the first 3 years for up to an additional 3 years depending on the initial delivery date. So if you bought a used vehicle off a 3yr lease that was traded in early and before the 3 year anniversary date (from the first sale date), you got a bumper-to-bumper warranty that went all the way to 6 years from the initial purchase date (of the original owner). I had $15k of warranty work done for silly stuff but on a car that had a sticker north of $100k new (because of the options), silly stuff was costly even though they had the best reliability in the industry.
Once you graduate from having car payments, you can start to realize that you can drive a high-end, already depreciated luxury car for not a lot of $$$.... just the loss of the use of your money for a period of time - the key is having the cash 'to invest'. The CPO warranties mean you pay more for the car from a dealer vs a private party but if you time it right, you can make out nicely and the higher end cars are very expensive to repair and maintain - they even threw in full maintenance for 3 years on the used vehicle.
I have another Lexus my wife has been driving for 3 years that is likely to lose about $8k from what we purchased..so it's not always as good as that one time.. but that still equates to 'no money down and $222/month' to drive a $60k 3-year old car. (8000/36 months = $222/mo). I had pretty much stopped buying new until this Kia.
My wife 'downgrading' from a US six-figure sticker-priced luxury car to a 'Kia' should tell you something about how much value the Kia Telluride is driving into the market. Oh, and I have 3 kids over 6ft so that mattered too
