For many drivers, owning a certified pre-owned (CPO) vehicle has become a budget friendly alternative to owning a new vehicle. Many manufacturers, including Lexus, extend their warranties and offer ownership benefits seen similar to those of new vehicles for a fraction of the cost on CPO vehicles . Lexus owners receive 24/7/365 roadside assistance, trip interruption coverage, and a complimentary loaner vehicle for eligible services.
When purchasing a certified pre-owned vehicle it is important to know if it is certified by the manufacturer or simply sold with a warranty from the dealership. Many vehicles on the market may be offered as certified but do not meet manufactures’ standards and do not receive the same warranty of those that are truly a certified pre-owned vehicle.
Lexus Ownership Benefits
There are many other complimentary services and experiences that Lexus owners receive along with the previous mentioned roadside assistance, trip interruption coverage, and service loaner vehicle. Lexus of Ann Arbor offers complimentary car washes, complimentary valet parking at Briarwood Mall (during the holiday season), and complimentary pick-up and delivery service.
Maximum Age and Mileage
In order for a Lexus to be a Certified Pre-Owned (CPO) Lexus, it much first be less than 6 years within the current model year and have less than 70,000 miles (112,654 kilometers) driven. If the Lexus vehicle does not match this criteria, it is automatically rejected from the CPO program – no questions asked.
Vehicle Background Investigation
A CARFAX® vehicle history report including vehicle service information as well as accident information is provided for every CPO Lexus to help give drivers peace of mind. The report also helps Lexus dealers identify issues which may be difficult to detect by other means.
161-point Vehicle Inspection
Lexus CPO vehicles undergo a 161-point inspection by a Lexus trained technician. This comprehensive inspection goes over the smallest squeak to a complete engine and mechanical systems diagnostics. If there are any flaws found that cannot be repaired to Lexus’ standards, they are immediately disqualified from the CPO program.
Like-New Shine and Financing
Lexus Certified Pre-Owned vehicles must be in like-new condition. If there are any cosmetic flaws, on the interior or exterior, they are reconditioned to meet the Lexus standard. The Lexus CPO is thoroughly cleaned and restored to bring out it’s true magnificence. The certification process reduces risk typically associated with pre-owned vehicle purchases and allows Lexus to offer financing rates similar to a new vehicle purchase.
The whole CPO process is aimed to reduce risk and offer a customer peace of mind while purchasing a pre-owned vehicle. A CPO warranty covers any repair or replacement of components that may fail under normal use due to a defect in materials or workmanship, unless otherwise excluded within the warranty. For additional information on the Lexus Certified Pre-Owned Warranty, feel free to contact me or visit the official Lexus CPO web site.
Certified Pre-Owned Comparison
|Max Age||6 years||5 years||6 years|
|Max Mileage||70,000 mi||60,000 mi||75,000 mi|
|Warranty Terms||3 Year/100,000-Total-Mile Limited Warranty that starts on purchase date||6 Year/100,000 Mile Limited Warranty from the date the car was first sold||Balance of new car warranty plus 1 Year/Unlimited vehicle miles|
|Roadside Assistance||24-Hr Roadside Assistance||24-Hr Roadside Assistance||24-Hr Roadside Assistance|
|Deductible||No deductible||$50 deductible|
|Return/Exchange Policy||–||–||7-day/500-mile Exchange Privilege|
|Out of Town Repair/Expense||Trip interruption protection||Trip interruption protection||Trip interruption protection|
|Free Service Loan||Complimentary loaner car for any warrantable repair exceeding eight hours||Free Service Loan|
|Special Finance Terms||Available||Available||Available|
|Vehicle History Report||CARFAX® Vehicle History Report™||CARFAX® Vehicle History Report™||CARFAX® Vehicle History Report™|
|Dealer Certification Required||161-point inspection||Multipoint inspection||Rigorous inspection|