So what happens if your car fails CPO
12-05-2008, 04:32 PM
#1
Junior Member
Thread Starter
Join Date: Mar 2000
Posts: 4,293
Likes: 0
Received 0 Likes
on
0 Posts
So what happens if your car fails CPO
can you still buy it off lease and does that mean you dont have to pay for CPO upcharge?
Just made it through lease inspection. 1 tire needs to be replaced.
Just made it through lease inspection. 1 tire needs to be replaced.
12-05-2008, 05:04 PM
#3
Junior Member
Thread Starter
Join Date: Mar 2000
Posts: 4,293
Likes: 0
Received 0 Likes
on
0 Posts
usually, yes
the dealer buys the car from AFS at a less than wholesale value. Then they CPO the car and sell it for that plus CPO plus profit plus tax. CPO is a couple grand, so in my case its right aorund the cost of the residual, all in. Its a better deal but if it doesnt actually get CPO'd can I still buy it and then would it be much less for me?
12-05-2008, 05:23 PM
#4
I've seen cases where the dealer buyout is higher than wholesale, and...
then AFS releases the car to auction. They don't care at this point as they have insurance. Whichever way gets them the most money.
It won't come down to an issue of CPO or not.
It won't come down to an issue of CPO or not.
12-05-2008, 05:28 PM
#5
Junior Member
Thread Starter
Join Date: Mar 2000
Posts: 4,293
Likes: 0
Received 0 Likes
on
0 Posts
I got a price from the dealer
which is essentially the same price as the AFS residual but the car is CPO'd.
I just wonder if the car can't pass CPO for some reason, would te price drop?
I just wonder if the car can't pass CPO for some reason, would te price drop?
12-06-2008, 05:29 AM
#7
no such thing as "can't pass".....
if you do some searching you will find CPO cars that have been torn apart and put back together wrong. Parts missing, items needing repair.
Most dealers simply "rubber stamp" the approval as CPO is only an aftermarket extended service/warranty and not the best there is. Many items are not covered by cpo.
If you want your car ask the dealer to sell if to you for a simple 500.00 profit and get your own aftermarket policy.
Keep in mind with someone like BRUCE_M he can find you a similar car at an AFS auction for less than you are about to pay at your dealer.
Most dealers simply "rubber stamp" the approval as CPO is only an aftermarket extended service/warranty and not the best there is. Many items are not covered by cpo.
If you want your car ask the dealer to sell if to you for a simple 500.00 profit and get your own aftermarket policy.
Keep in mind with someone like BRUCE_M he can find you a similar car at an AFS auction for less than you are about to pay at your dealer.
Trending Topics
12-06-2008, 05:36 AM
#8
AudiWorld Super User
Join Date: Mar 2000
Posts: 20,908
Likes: 0
Received 0 Likes
on
0 Posts
The only way a car would fail a CPO is if it's been beat to death or been in a major accident
If an owner intends to keep their car beyond the original factory warranty, most dealers will just sell you the CPO for ~ $2k or $2.5k...
If the car was a trade in, or bought from a dealer auction and the dealer wants to resell it as a CPO.. Most reputable (not all) dealers will comb the car through their shop and replace most routine maintenance items like fluids, brake pads + rotors, and put on new OEM tires and bring it up to par with Audi's CPO standards..
If the car was a trade in, or bought from a dealer auction and the dealer wants to resell it as a CPO.. Most reputable (not all) dealers will comb the car through their shop and replace most routine maintenance items like fluids, brake pads + rotors, and put on new OEM tires and bring it up to par with Audi's CPO standards..
