Not sure I agree. Depends on the make. Its hard for a dealer to buy Honda's and other brands that hold their value well back of book. A Chevy Malibu, yeah that can be bought 5 grand back of book all day at an auction. Show me a 1/2 to 1 year old CPO Honda for 2/3 what a fair price on a new one (not msrp) and I'll be interested. At least in my town this is not the norm.I think the "Certified" and clean carfax reports give buyers peace of mind on some cars that they should be more concerned over. Its not hard for a dealer to push a car through the CPO checklist in there service department. A lot of damage happens to cars that never gets reported to DMV, and carfax won't have any of that information. The labels may have changed but it still the same game. Buyer beware...Don't get me wrong I'm not saying always buy new. I'm just not sold on the used cars being sold at dealers, even if there labeled CPO. Most 1-3 year old cars (the range you'd have certified cars in) being sold at dealers came from auctions from the manufacturer's finance companies lease returns, rental car companies, or from other dealers. Again, its hard for dealers to pick the makes that hold there value well back of book, so they are in the car surprisingly close to what there in the new ones for. Search around the threads here for what people buy brand new Honda's for, as well as the extended care Honda warranties for and you'll see most people aren't paying retail for these things. No wonder why they don't see much savings on 1-2 year old Honda's or Toyota's bought from dealers. Again, not saying used is bad, but in general I've bought used from private parties after having the car checked out by my own mechanic. Even while I was working in the bushiness as well, I wasn't impressed with what the dealers were in the car for. After all, if I stole a trade I made sure the under allowance was profit in my deal as it should be, so I made sure they booked the car in right so it wouldn't end up in some other salespersons hands. I expected everyone else to do the same as I wouldn't expect anyone to work for free either. Didn't you?
