4 ms·
Most used car dealers don't give you a warranty: https://seattle.craigslist.org/skc/ctd/d/2015-bmw-x5-35i-awd-suv-clean/6275678930.html https://seattle.craigsli
by sbierwagen 9y ago
Most used car dealers don't give you a warranty: https://seattle.craigslist.org/skc/ctd/d/2015-bmw-x5-35i-awd-suv-clean/6275678930.html https://seattle.craigslist.org/skc/ctd/d/2015-bmw-x5-35i-awd... Note the conspicious absence of the word "warranty" on this listing. If the car falls apart as you drive off the lot, you're out $35K.
CPO cars have a warranty, which sharply limits your downside risk. Buying a used car from a manufacturer is a much better deal than buying it from a third party.
- majormajor 9y agoUsually the factory warranty transfers on sale if the car is new enough. https://www.autotrader.com/car-tips/buying-a-car-is-the-factory-warranty-transferable-228454 https://www.autotrader.com/car-tips/buying-a-car-is-the-fact... Generally not as nice as CPO, but it's something.
- dionidium 9y ago"If the car falls apart as you drive off the lot, you're out $35K." Obviously, cars rarely fall apart as you drive them off the lot. Yes, there could be unexpected expensive repairs. But there's basically no realistic scenario in which you're going to be out the entire $35k. I understand that you're exaggerating for effect, but it's this kind of thinking that convinces people to purchase expensive warranties that aren't (statistically) worth the price.
- aianus 9y agoThe manufacturer warranty has a mileage limit which at least in my case was 80k km (less than 60k miles); that's probably why it's missing from the listing you linked to.