#New

Hi Sajeev,

I plan to by a Town and Country Touring-L within the next month (hat tip to Jack Baruth!). One vehicle is a 2012 with 41.1k miles, has the Certified Pre-Owned 7yr/100,000mi warranty and listed for $19.0k. The other is a 2011 with 43.3k miles w/o CPO listed for $17.0k. Both are otherwise almost identical.

My question is whether or not it the $2,000 is worth it for the CPO vehicle. The primary difference is another 2yrs to the warranty (actually, 3yrs b/c one is a 2011 and the other is a 2012), and mileage limit stays at 100kmi, but then again I’m thinking that $2,000 is a lot of repairs for a vehicle. Then again, the piece of mind is worth something to me, but is it worth $2,000?

TTAC Commentator itsgotvtakyo writes:

Hi Sajeev,

I recently purchased a 1999 Honda Accord LX for my sister. It has 115,000 on the ULEV 4cyl and an automatic transmission. The car is very straight and clean on the inside and out for the year and miles. The seller was a middle aged gentleman who bought the car four years ago for his daughter. The vehicle has obviously been maintained but there’s one glaring issue I have my fingers crossed on… the transmission.

TTAC Commentator threeer writes:

A recent ”New or Used” got me thinking. I’m facing a (sort of) similar situation regarding an upcoming vehicle purchase…for my 67 year old mother. A brief background…

Steven writes:

Sajeev and Steve,

I have a 2001 Volvo XC wagon, that has about 175 k on it, the car is in pretty good shape, had the tranny replaced before I got it, I have put about 4k in since Jan, the real problem is it gets about 22 MPG with 90% highway, all wheel drive and Turbo=bad gas mileage, I drive about 40,000 miles a year and betwen the gas and the upkeep I am getting killed, hence time for a new car.