R56 :: Hatch Talk (2007+) MINI Cooper and Cooper S (R56) hatchback discussion.
Sponsored by:
Sponsored by:

R56 How much is CPO worth over used ?

Old Feb 17, 2017 | 01:11 AM
  #1  
g686's Avatar
g686
Thread Starter
|
1st Gear
Joined: Feb 2017
Posts: 12
Likes: 0
How much is CPO worth over used ?

I guess this is purely subjective , but what premium would you say a CPO is worth over used ?

Example : 2013 MC S 21,500 miles. CPO VS USED
 
Reply
Old Feb 17, 2017 | 01:29 AM
  #2  
cerenkov's Avatar
cerenkov
6th Gear
iTrader: (2)
Joined: Jul 2013
Posts: 3,101
Likes: 29
From: Raleigh, NC
How much would they sell you an real MINI extended warranty for on a non-CPO car?
 
Reply
Old Feb 18, 2017 | 08:02 AM
  #3  
SomeguyinAZ's Avatar
SomeguyinAZ
1st Gear
Joined: May 2014
Posts: 42
Likes: 0
From: Chandler, AZ
They are both essentially the same thing but a CPO is a previously leased car. It's really the only difference. And warranties vary in price depending on what your looking for, such as what you want covered and the amount of miles you want covered to. Most warranties add about $4k or so. And not sure if the warranty would be mini specific but any warranty should cover any car part replacement regardless of make or model.
 
Reply
Old Feb 18, 2017 | 09:22 AM
  #4  
DneprDave's Avatar
DneprDave
6th Gear
Joined: May 2010
Posts: 3,260
Likes: 87
From: Pacific NW
What does CPO mean? I googled it and it could mean a lot of things. Try and be clear by avoiding acronyms when asking a question.
 
Reply
Old Feb 18, 2017 | 09:52 AM
  #5  
SomeguyinAZ's Avatar
SomeguyinAZ
1st Gear
Joined: May 2014
Posts: 42
Likes: 0
From: Chandler, AZ
CPO- Certified Pre-Owned
 
Reply
Old Feb 18, 2017 | 10:14 AM
  #6  
teamrubixcube's Avatar
teamrubixcube
4th Gear
iTrader: (2)
Joined: Jul 2009
Posts: 450
Likes: 1
From: Northern CT
I think that for a MINI a CPO is worth the premium over a regular used car. The cost and frequency of repairs will make the piece of mind worth it. Now on a Honda or Toyota, I would buy used over CPO any day to save over the mark-up price.
 
Reply
Old Feb 18, 2017 | 02:26 PM
  #7  
siriuszero's Avatar
siriuszero
6th Gear
Joined: Jan 2011
Posts: 1,599
Likes: 42
From: Bothell, WA
Nice thing about the CPO warranty is it is honored at any MINI dealer and they'll have a record of it when they pull up the VIN of the car.
 
Reply
Old Feb 19, 2017 | 06:29 AM
  #8  
patpatpat's Avatar
patpatpat
1st Gear
Joined: Aug 2015
Posts: 42
Likes: 4
My CPO within the first year covered failed

Water pump
Spark plugs
Plug wires

Those 3 things probably close to a $3k job at the dealer?

Bought it with 33k mi. Now has 53k mi.

Coverage is the 575 plan
 
Reply


Thread Tools
Search this Thread

All times are GMT -7. The time now is 08:45 AM.